Frequently Asked Questions
What is an Appraisal?
An appraisal is a professional report prepared by a certified appraiser to provide an unbiased opinion of market value for the subject property.
Which areas do you cover?
Our coverage area includes: York Region, Durham Region, and Simcoe Regions.
Why do I need an Appraisal?
An appraisal may be ordered for the purpose of mortgage re-financing, sale/purchase of a property, estate planning/sale, corporate relocation, divorce/separation, power of sale, and litigation.
What is the cost of an appraisal?
The cost of an appraisal varies on the intended use of the report and the type of subject property. Each property requires different research and analysis to complete the report, therefore not having a standard rate.
The fee is calculated based on the time, difficulty, extent and the expenses that is required to professionally complete the report.
How long does an appraisal take once the appraiser is in the home?
Inspection times vary on the type and size of the property. Times could range anywhere from 10 minutes to over an hour depending on the the property.
Should I prepare anything before the appraisal arrives?
The appraiser has access to most information regarding your property. However, if you have completed any recent updating/renovations, a list of them and the cost would be beneficial.
What is a Drive-By appraisal vs Full Appraisal?
Includes an exterior inspection of the property. The appraiser does not enter the subject property and therefore the interior the subject improvements are not viewed. The final indicated value is given as a range in a shorter report based on available information on the property from the local real estate board, the Multiple Listing Service Data Service, the public records, and from the appraisers own files.
Includes both an interior and exterior inspection of the property. The appraisers gathers more details regarding the property to provide the final market value in a long report using the information gathered and additional data from the local real estate board, the Multiple Listing Service Data Service, the public records, and from the appraisers own files.