Why would a person need a Home Appraisal?
Although there are many reasons for getting a Home Appraisal, the most common reasons are Real Estate and mortgage transactions. Some other reasons include:
- To obtain a loan.
- To establish the replacement cost of insurance.
- To contest high property taxes or for Revenue Canada(GST).
- To settle an estate.
- To establish a purchase or selling price.
- For matrimonial (prenuptial/divorce settlement) purposes.
- For employee relocation purposes