- Apply for a Mortgage
- Contact Us
- Mortgage News
- Library & Statistics
- Rates & Tools
- Mortgage Services
- Home
1-800-604-1864
Professional Listings
Mortgage Statistics
Apply Now
Mortgage Rates
Current Mortgage RatesVariable closed: 1.65% 1 year closed: 1.64% 3 year closed: 1.59% 5 year closed: 1.69% 10 year closed: 2.84% Glossary
Tools
Mortgage Calculators Credit Card Calculators
Search the Glossary
GLOSSARY
Canadian Financial, Real Estate and Mortgage Glossary
How often this word is used
^
50% - Moderately
50% - Moderately
Appraised Value
Synonyms: | current value, estimated, price, replacement cost |
Filed Under: | mortgages, real-estate |
Tags: | appraisal, mortgage, realty |
Definition of appraised value
- appraised value
- 1. An educated estimate regarding the value (monetary worth) of a property determined by a qualified appraiser.
Related Terms and Acronyms:
- appraisal An estimate of the market value of a piece of real estate made by a competent professional who knows local real estate prices and markets.
- appraisal report A detailed evaluation of the value of a property based on an inspection and a review of the values of nearby, comparable properties.
- assessments Special and local taxes imposed upon property which benefits from an improvement that has been made in the vicinity.
- fair market value (FMV) The highest price that a buyer would pay for a property and the lowest price a seller is willing to accept.
- intangible asset Non-physical resources or rights to other assets. Patents, goodwill, permits and computer programs are examples of intangible assets.
- intangible property Property that does not have value itself, but represents something else. Stocks, bonds and franchises are examples of intangible property. Business furniture and equipment are examples of tangible personal property.
- monetary value A property's monetary value is its worth if sold at this moment in time.
- sale price The price that is paid for an asset.
- seller's market Due to either low supply or high demand, the seller can expect to sell quickly with a high sale price.
- valuation The estimation of a property's price value through an appraisal.
More Related Terms and Acronyms
- book value — Definition
- effective age — Definition
- extended replacement cost — Definition
- full market value — Definition
- lending value — Definition
- low ball offer — Definition
- purchase price — Definition
Search the Glossary
Best Mortgage Rates
With a lower mortgage rate, it's easier to afford a better home and what you save on interest can go directly toward paying off the principal value of your property faster. Make sure you get the best rates in Canada on your mortgage, apply today.
Great Mortgage Rates
You looking to find a low mortgage rate? Most of the time, getting the best rate for your mortgage is about who you go to more than your credit history. Shop the market using a mortgage broker and you won't be left paying high interest rates.
Brand New Mortgage Calculator
Use our new mortgage calculator and strike a balance between maximizing your payment schedule and leaving yourself enough breathing room to live comfortably. By simply changing your mortgage amount, amortization period, interest rate, or payment frequency you can determine the best mortgage for your unique situation.
|
Tel: 1-800-604-1864 Fax: 1-866-565-1864 info@superbrokers.ca |
© 2000-2020 Super Brokers is Canadian owned and operated by Colloco Enterprises.
All trademarks and logos are the property of their respective owners. All rights reserved.
All trademarks and logos are the property of their respective owners. All rights reserved.