What is an Appraisal?
An appraisal is a professional report, completed by a Certified Appraiser or Candidate Member with the approval of a CRA designation, in order to provide an unbiased opinion of a Market Value of a property.
Why do I need an Appraisal?
An appraisal may be used for first and/or second mortgage financing, determining the estimated final value of a property which is undergoing construction or renovations, divorce or separation settlements, estate planning, power of sale, asset review, relocation services, and litigation support.
Financial institutes may order an appraisal on your behalf. If you are unsure if you require an appraisal, you should consult with your broker first.
How can I book an Appraisal?
To get started, navigate to the Appraisal Requisition Form on the website and fill out the required information. Alternatively, email or call us with your information.
How much does an Appraisal cost?
Our pricing varies depending on type of home, EMV, type of service, etc. Please contact our office with questions about pricing.
How long does an Appraisal inspection take?
Depending a few factors, such as property type and size of the home, an appraisal can take anywhere from 15-30 minutes, homes that are larger could take up to an hour or more.
Do I get a copy of my report?
In most cases, appraisal are ordered by mortgage brokers or lenders. Even though it’s you, the buyer/homeowner who pays for the report, you will not receive a copy directly from us. Our obligation is to the broker/lender who has requested the appraisal. However, you, the buyer/homeowner are entitled to a copy of the report – you can receive a copy directly from your broker.
The exception to this rule is when a homeowner hires an appraiser directly. In these cases, the appraiser may define how the appraisal can be used for estate planning or tax purposes or separation purposes. If not stipulated otherwise, the homeowner can use the appraisal for any purpose.