Consumers are often baffled by the home appraisal process. They may feel their home is worth a certain dollar amount, and therefore, the appraised value doesn't make sense to them. It is important to know that appraisal guidelines are dictated by the lenders. In many provinces, the lenders must disclose the purpose of the appraisal, as each situation carries its own set of rules. In essence, … [Read more...]