Real Estate and Mortgage Institute of Canada Inc.
2175 Sheppard Ave E, Suite 307
Mississauga: 1065 Canadian Pl, Suite 203
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Real Estate Appraisal

Why A Lender Requires An Appraisal

Why A Lender Requires An Appraisal Appraisal Basics A real estate appraisal is a key component in a lender’s decision to lend.  There are several purposes for completing a real estate appraisal, including to determine:

Direct Comparison Approach Appraisal

The Direct Comparison Approach The direct comparison approach in determining the market value of a property is the most appropriate for mortgage financing and is therefore relied heavily upon in the appraisal report.  This method uses the principle of substitution as its basis.  The concept is that if an appraiser knows the price that was […]