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.
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.
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.
Appraisers develop an opinion of property value with procedures followed under three different approaches: the cost approach, the income approach and direct comparison approach.
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.
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.
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.