While many people may think of real estate appraisers only in terms of estimating property value for mortgage purposes, professional appraisers provide a wide range of services.
The cornerstone of appraisal is knowledge, and we will put our years of knowledge and training to work for you. Continuing professional development is mandatory for all members, this ensures that they remain up-to-date on current market trends and legal changes that may affect real estate values.
Halladay Appraisal Services Ltd. offers an informed valuation so that you can be assured of the worth of your investment.
Having a complete understanding of real estate value is a critical consideration for making a right decision. Be assured of reliable real estate appraisals by using a designated member of the Appraisal Institute of Canada.
According to CMHC Automated Valuation Models such as CMHC's 'emili' which most banks now use, improve the speed, efficiency and cost effectiveness of the loan application process. They (AVM's) are a risk assessment tool and do not provide an appraisal.
Most consumers aren't aware that a bank may be lending them money without ever having done an independent appraisal of the asset.
The assumption among most home buyers is that a bank wouldn't approve a mortgage if the house wasn't worth the buying price...
That's all the more reason for you to hire someone who'll give you the professional insight you need to make an informed decision. An appraisal offers an unbiased, informed opinion of the market value of the property you are interested in.
Knowledge is your greatest bargaining tool when buying a home. You want to be sure you pay a fair price, get a good mortgage rate and receive assurance that the house you get is worth what you pay.
The cost of an appraisal is relatively small in relation to the overall cost of investing in the property.