Why is a valuation necessary and who needs one?
The reasons a valuation is necessary and who needs one can largely be answered under the services page of our website. If you have a question that is not answered here please contact one of our team members and we will be happy to answer that question for you.
How much does an appraisal cost?
The range in the cost of an appraisal is vast and depends on the use of the valuation and the property being valued. For this reason, we suggest that you contact us and answer a few questions to facilitate the provision of a firm quote.
How long does it take to get an appraisal?
Again, the answer to this question depends on the use of the valuation and the property being valued. By contacting us we will confirm along with the quote, the number of days it will take to complete the appraisal or valuation.
How is the property valued?
Appraisers develop an opinion of property value with procedures followed under three different approaches: the cost approach, the income approach and direct comparison approach.
What sort of value is estimated?
In most cases, the market value of property is valued. However, depending on the reasons of the valuation, value may be assessed value, insured value, actual cash value or investment value.
Who can value my house?
The AIC grants two professional designations – the Accredited Appraiser Canadian Institute (AACI™) and the Canadian Residential Appraiser (CRA™). A CRA is qualified to undertake any valuation and consulting assignment on dwellings not more than four self-contained family housing units or on individual undeveloped residential dwelling sites.
Who can value my property or farm?
The AIC grants two professional designations – the Accredited Appraiser Canadian Institute (AACI™) and the Canadian Residential Appraiser (CRA™). An AACI is qualified to undertake any valuation and consulting assignment on residential, commercial, industrial, institutional, agricultural, land and special use property types.