The following is a detailed summary of what information is required on all appraisal reports.

• All reports must be signed-off by an individual that holds the current designation of CRA or AACI
  
  
• Your report will confirm the following information:
  
  
• you received no special instructions from the owner or the mortgage broker
  
  
• if the owner was present during your inspection that they understood the reason for the appraisal
  
  
• Who let you into the property if it was not the owner
  
  
• Confirm ownership through local Real Estate Board or tax department
  
  
• Estimate or confirm the annual property taxes and provide tax roll number
  
  
• Minimum of 3 exterior photographs: front, back and street scene
  
  
• Photographs of every room including the basement plus pictures of any unusual / noteworthy / derogatory conditions you find
  
  
• MLS listing and Days On Market for each comparable [minimum 3]
  
  
• 12 month listing history of the property showing all listings, sales and expired listings during the previous 12 months
  
  
• Comparables must not reflect more than a 10% Net Adjustment to value
  
  
• Location map showing the subject property and the comparable sales
  
  
• For rural properties, please include a sketch indicating the location and dimensions of the house and all outbuildings. If there are outbuildings on the property, please include pictures in your report. Estimate of value will be based on house + 5 acres with no value given to any outbuildings.
  
  
• Your final estimate of value should reflect a 60-90 day marketing period.
  
  
• Completed reports should be sent via email as a PDF file
  
  
• Reports must be prepared for The N-B Group for mortgage lending purposes

All of the above information will be required on all reports and should there be anything missing, you will be contacted by somebody from N-B Group to obtain what has been deemed outstanding. Currently our maximum advance is 85% LTV for uninsured mortgages and 95% for insured mortgages. All fees are the responsibility of the client or the requesting mortgage broker.

Reports / inquiries should be addressed to: