how to include real estate as an asset?

[srothenb]

For 3 family members, under the Skilled Worker program, the amount of money required to relocate is 17,011 CAD. I have about 3,500 CAD as well as real estate, which is worth about 35,000 CAD. If my application is accepted, I will sell the real estate. Is this acceptable? or do I need to sell the real estate before I submit my application? or is it sufficient to provide an appraisal of the property?

Thank you!!!!!!

 

[LOUTH]

For 3 family members, under the Skilled Worker program, the amount of money required to relocate is 17,011 CAD. I have about 3,500 CAD as well as real estate, which is worth about 35,000 CAD. If my application is accepted, I will sell the real estate. Is this acceptable? or do I need to sell the real estate before I submit my application? or is it sufficient to provide an appraisal of the property?

Thank you!!!!!!

Get a "valuation report"on your real estate showing the amount of equity on the property and possibly any outstanding balance (if there is any) you can include the appraisal /valuation report as a proof fund in your application.
All the best!

Louth

 

[alexchristi]

As far as I know CIC does not accept real estate as POF. (according to the rules for post july 2011 applicants)
If I am wrong please correct me. :

 

[NofalRizwan]

Hi
Get evaluation from professional evaluators approved by banking association. Their report would definitely add to your liquid funds. However, the property must be either yours or your accompanying spouse name.
Nofal