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Sit back and relax, we have you covered!

Sales Team Outside

Valuation of Properties

There are many reasons why a person might require a formal appraisal of their property, including, but not limited to:

Outdoor Indoor

Having a designated and accredited Appraiser is an asset for any of those tasks! As members of the Appraisal Institute of Canada, and designated Canadian Residential Appraiser’s (CRA), our team is able to work for our clients according to the highest standard in Canada, CUSPAP (The Canadian Uniform Standard of Professional Appraisal Practice).

While we have come to specialize in litigation and waterfront properties here in Muskoka, we are always happy to put our skillset to work for our clients for any of their Muskoka real estate needs.

Whether you are buying, selling, refinancing or estate planning, feel free to contact Appraise Muskoka with any questions you may have about real estate in Muskoka. We are here to work with you and for you!

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Appraisal Overview

There are three approaches to value that we can consider – Income, Cost and Direct Sales Comparison. Depending on your property, we will gladly explain which approaches apply and can aid us in determining the market value, if that is the value that is sought after. There are many kinds of value that can be required, but, by far, market value is the most commonly required. This requires an in depth and firsthand knowledge of the local market place.

Common Myths

MYTH: An appraisal is the same as a Realtors Opinion of Value.

FALSE. An appraisal is an in depth view of the property with features and factors being compared to other properties with similar features and factors. The sales considered have to meet the definition of market value as laid out in CUSPAP. Appraisals signed by designated members have usefulness for financing and estate planning and settlement, whereas opinions of value typically do not.

Frequently Asked Questions

What is the cost of an appraisal?

That will depend on the purpose of the appraisal and the location of the property. How long will it take to complete the appraisal once an inspection takes place. Again, depending on the purpose of the appraisal, a typical re-financing assignment will be completed for the lender within 3 days. Referrals – our Clients have included Financial Institutions, Law Offices, The Federal Government, Private Lenders, Personal Property Owners, to mention a few.

 

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