For answers to your questions about appraisal in Western Canada please call us for more information.
Depending on the type of report an appraisal contains:
Appraisers are frequently hired by lenders to establish the market value of a property for a loan transaction to ensure that the property is valued in the amount of the requested loan. Lawyers and accountants frequently hire appraisers to help determine property values in the course of divorce and estate settlements.
The appraisal process includes the research, compilation and analysis of all pertinent data as it relates to your specific requirements. Property DNA & Consulting Inc. provides several types of reports in standardized or narrative book form.
A list of all assets and defects are objectively analyzed and compiled in a detailed written report.
Includes the specifics of construction, property layout, number of rooms and specific features, equipment; improvements and renovations.
An assessment is made on a property’s proximity to services, facilities and amenities as they may (or may not) relate and affect its market value.
Public records are analyzed to confirm sales and make comparisons in the particular Western Canada region. A range of public records and sources are used including zoning records, tax data, professional associations and other applicable publications.
In its most basic form, this approach is built on the premise that the market value of a property is partly derived and comparable to surrounding properties.
Since the market obviously relates to cost, this approach takes into account and analyzes market trends.
Generally reserved for valuations for commercial and investment properties, determining the market value using the income capitalization approach relies on the perspective that the potential earning power of real estate is significant when calculating its actual value. Income capitalization techniques are used to analyze sales data that measures potential profit and loss.