That valuation walk-through also catches improvements made without a permit, a finished basement or an updated kitchen that public records never recorded, so the seller is not underpriced by a gap that has nothing to do with the home's actual condition.
From there Joel sets the equity number early, since knowing what a home worth $500,000 with $100,000 owing actually clears is what lets a downsizer plan the next home's budget before the first showing.
Joel Dyck treats the valuation as the starting point for the whole plan, not just a listing number. Get your hand-reviewed valuation from Joel Dyck.