Market value is the expected or the most probable price that a property will sell for in a competitive real estate market. Getting a professional home appraisal in Toronto is a simple way to get the exact market value of your property that you are thinking about selling or buying. The market value is beneficial when,
- Your home is listed for sale
- Property is involved in a settlement
- Your home is tied up in an estate
A real estate appraisal to determine the market value involves a physical inspection of the property that is being appraised, analysis of general market data and application of a comprehensive valuation approach.