What is an appraisal?

An appraisal is an unbiased professional opinion of the current or retrospective market value of a property.

What does an appraiser do?

An appraiser utilizes their extensive education and experience to evaluate the market value of a property in compliance with national appraisal governing ethics, standards, and regulations. Appraisers typically visit the property to document through notes and photos its condition, size, and notable features then compare their findings to similar properties within the same general area.

What qualifications do your appraisers have?

Our appraisers team is comprised of accredited residential appraisers licensed by the Appraisal Institute of Canada (AIC) and/or Canadian National Association of Real Estate Appraisers (CNAREA) with professional liability insurance and up-to-date criminal background checks.

How long does an appraisal take?

Typical full appraisals are completed within 1-2 business days after inspection. Drive By, Desktop, and Market Rent appraisals can be completed the same day if there is available information. If the subject is large, complex, or unique it may take longer however, we will advise of our estimated completion date.

How much does an appraisal cost?

Our appraisal fees vary depending on various factors such as type of appraisal, complexity or uniqueness of the subject, and whether you require expedited service or additional valuations such as Market Rent. We will provide our quote shortly after an appraisal request is submitted.

How should I prepare my property for an appraisal?

We recognize that many homeowners live busy lives and may not be able to keep their homes in spotless condition however, appraisers require access to all rooms to make a proper evaluation.

What should I do if I disagree with the appraisal evaluation?

Our appraisals are done with extensive research of similar properties to come to a supportable, objective evaluation that is carefully reviewed by senior experienced appraisers. If we suspect or observe anything that may negatively affect the valuation of the property to a significant degree you will be notified in advance. 

We are happy to consider any relevant, verifiable additional information you can provide to adjust the value. However, we cannot alter appraised value or provide refunds simply because the valuation does not meet expectations.