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Seller Video Series 8: Appraised Value

Posted on October 13, 2012 by Tom Bushey

Posted in: Seller Secrets Series , Selling a Home In Calgary , Videos

Source: YouTube - Used under standard YouTube license terms.

An appraisal can be ordered for many reasons. For instance, a bank will order an appraisal of a house before they agree to refinance a loan. An appraisal may tell a lender the replacement value of a home or whether the loan is a good business decision for the bank. It can be ordered to help dispute a property tax increase or to prove replacement value of a property to an insurance company.

But an appraisal won't help you determine the best price to get the house sold for one simple fact: an appraisal tells you what the lenders or the county thinks your house is worth, but they don't tell you what a buyer will think it's worth. A buyer will base their opinion of what the home is worth on their agent's comparative market analysis, not an appraiser's report.

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Tom Bushey, Associate Broker & Realtor®

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