Home Appraisals

When buying a home, many times a home appraisal is required by the bank. This is usually the case when a buyer has more than 20% down payment and is bypassing CMHC insurance. Because CMHC does its own internal property valuation, an appraisal is rarely required. However, when CMHC is not involved, lenders typically require that an independent home appraisal be done to confirm the property's value. This offers the lender a full report on the home and it's marketability and also offers the home buyer peace of mind to know the price they are paying for their new home is a fair value. Call me today!