An appraisal is a professional appraiser’s objective, impartial and unbiased opinion of value of a real property. It is usually a written report as of a specific date and supported by the analysis and presentation of relevant data.
Qualified appraisers perform appraisals on all types of properties – residential, commercial, industrial, agricultural, machinery and equipment, and vacant land.
Only a registered NBAREA appraiser provides you, the client, with a professional opinion of value.
When you need to know what it’s worth, you need an appraisal. Appraisers analyze, in detail, neighborhood conditions and trends, physical elements and overall market conditions to determine fair marker value for your property. While appraisals are most often conducted to establish a present fair market value, they can also be done to provide a historical and “retrospective” market value, as well as to predict a future or “prospective” market value.
There are many times when the commissioning of an appraisal is prudent or required. Some of the common include:
- Purchase / Sale of a property
- Mortgage financing or refinancing
- Machinery/Equipment valuation
- Market Studies
- Home equity or renovation loan application
- Setting of an estate
- Allocation of marital or common law real property
- Feasibility Analysis
- Property tax assessment
- Condominium reserve fund supply
Registered NBAREA appraisers are highly competent, designated professionals who by virtue of their education, work experience, and continued professional development provide reputable, unbiased and professional valuation services within their area of competence in accordance with the professional ethics and standards that form the foundation of professional appraisal practice in New Brunswick.
Only appraisers registered with NBAREA are governed by provincial legislation and the associations by-laws. Engaging a registered appraiser is the only way to ensure that your valuation is worth it.
If you would like to know more about appraising in New Brunswick, how to find a local appraiser or how to become an appraiser, contact The New Brunswick Association of Real Estate Appraisers.
NBAREA | AÉINB
403 Regent Street, Suite 204
Frederiction, NB E3B 3X6
Tel: 506-450-2016 / 877-962-2732
email@example.com | www.nbarea.org