Real Estate Terms 101: Appraisals!!

Buying or selling a home involves a lot of terminology that can feel like a foreign language, especially the first time around . Most Fridays we will be breaking down the common real estate terms that every aspiring or current homeowner should understand . The more you know, the better prepared you’ll be! 

Appraisal: An appraisal is the process of figuring out how much a property is worth so that lending institutions can then decide how large of a loan you should receive. True appraisals must be performed by someone who is a member of the Appraisal Institute of Canada or The Canadian National Association of Real Estate Appraisers. 

Have real estate questions you need answered? Call the reLIFE Team at 780-447-4537 today!! 

 

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