Realty Glimpse LIVE
Thursday, December 13, 2018
Sidney Cumming with AccuPro Appraisals
0:23 What is an appraisal?
3:12 What is the benefit to the buyer to have an appraisal done?
4:34 What is the benefit to the seller to have an appraisal done?
6:03 Who recognizes the appraisal?
7:43 Other than a buyer or seller, who is most prone to use an appraiser?
8:41 Where should someone invest money if they are going to sell their property – maybe the kitchen, a garage?
10:06 How long is an appraisal good for?
11:41 Can there be a variation between two different appraisals?
12:17 Are some properties more challenging to appraise than others?
13:45 How accurate are appraisals when not much alike the property has sold (eg, very expensive homes)?
15:31 What’s Sid’s suggestion in respect to pricing a home for sale?
17:30 Does the appraisal weigh in on what is happening in the market (how does the appraisal reflect current market conditions?)
19:02 What crushes the economy? / Where is the market going?
20:50 Does the buyer get a copy of the banks appraisal?
23:04 How far apart can two appraisals be?
23:30 What should you consider before you select an appraiser?
24:43 Does the condition of the home affect the price?
26:16 What improvements would you suggest to get the best return on investment? (Here are the links Sid references – https://www.aicanada.ca/wp-content/uploads/RenovationValue_Brochure.pdf and http://accuproappraisal.com/free-knowledge/)
28:39 How is the cost of an appraisal determined?
29:31 Does an appraiser measure a house? What standard?
32:58 Would an appraiser go twice to the same house if called to go there within a week – or would they use their previous appraisal?
December 13 bonus material
The difference between the determination of value between the REALTOR®️, the Appraiser, and the Residential Assessor.
1:01 Could you use an appraisal to contest your tax assessment / property taxes?