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Appraisals

In short, A Real Estate Appraisal is an estimate of value of real property based on pertinent facts, experience and judgment.

Real Estate property consists of tangible land, buildings and other improvements attached to the land and any appurtances such as growth, minerals and timber that have not been separated from the land. It also includes intangible rights or 'interests' inherent in the property.

In this context, the appraisal can be used for various purposes such as

  • financing or re-financing for mortgage purposes
  • rental and income producing properties
  • establish current or historical market value
  • matrimonial dispute purposes and settlements
  • expropriation
  • real estate tax dispute purposes
  • equity establishment or equity take out

 

The chief task of the real estate appraiser is to provide a competent and unbiased estimate of the 'value' upon which parties to a business transaction can act in good faith, and with substantial confidence.

We offer two types of appraisals; Residential and Acreages.