Does Your Bank Require an Appraisal?
Appraisals are an important part of buying and selling homes in Edmonton. Real estate appraisals establish a property's sold market value price. Banks and financial Institutions require property appraisals when buyers require a mortgage on their new homes as security and provide financial institutions with a cost-effective assurance of the properties value for lending purposes. Appraisals are detailed reports compiled by licensed real estate appraisers.
Don't confuse a comparative market analysis, or CMA, with a real estate appraisal. A CMA is a sales report based on data entered into the multiple listing service, or MLS. Real estate agents use CMAs to help their clients determine realistic asking and offering prices.
An appraisal is also not the same thing as a property inspection. Home inspectors test appliances and outlets, check the plumbing and electrical, confirm heating and cooling system are in working order, use inspection tools to look for any moisture issues, missing insulation, etc.. Such information is helpful for the buyer to know before moving in.
If your real estate appraisal comes in low, the bank may not lend you the money you need to satisfy your finance condition. You may need to come up with the difference in cash or re-negotiate the sale price of the property.
This St. Albertis now sold. Inquire about selling your St. Albert condominium home with a BGRS approved, advanced marketing Realtor.
This Belvedere home is now sold. View more homes for sale in Belvedere Area or inquire about selling your Steele Heights Edmonton home.
I have sold a home at 4665 154 Ave, Brintnell Edmonton
Welcome to an exceptional home in North Edmonton. Thoughtfully designed 5 bedroom bi-level that is sure to impress! Elegant, traditional, and meticulously maintained! As you enter this spectacular home, you are greeted by the grand foyer with a sneak peak of the gourmet kitchen. The main floor features include a Master bedroom with a beautiful spa-like ensuite, a walk-in dream closet, and vaulted ceiling. The open concept kitchen offers stainless steel appliances, pavilion cabinet door, breakfast bar and a built-in-wine rack for those special celebrations. There are also 2 more good sized bedrooms, a great room, dining area for elegant dinner parties, office nook, and a relaxing living room with a serene gas fireplace to cuddle by. The fully finished basement of this impressive property features a colossal rec room with electric fireplace, wet bar & fridge, 2 additional bedrooms, an elegant 3 piece washroom fit for a princess and ITS OWN SEPARATE ENTRANCE to the beautifully landscaped backyard.
If you have a Brintnell home to sell, please go to our Free Home Evaluation Page and we'll shortly get back to you.
I have sold a property at 12215 Dovercourt Crescent Edmonton
Baby Boomer Ready! A perfect home in a community where house values are increasing with curved roads and mature landscapes. This beautifully renovated bungalow with neutral decor and white trim features 2 bedrooms, a main bathroom with heated floors and another half bath. The kitchen boasts of modern "country charm" with gorgeous cabinets, a gas stove and plenty of counter space. The main living room features a private view outside to the large deck trailed by crushed rock stones leading to a large fully fenced backyard. Perfect for BBQ's and morning coffee. The double attached garage is insulated with high ceilings and 8' doors. This fantastic property is located across from a green space and is walking distance to both the elementary school and the community churches.
I have Sold a property at 15710 Beaumaris Road, Edmonton
If you have a Beaumaris home to sell, please go to our Free Home Evaluation Page and we'll shortly get back to you.