Residential Appraisals

Market Value is defined in the Canadian Uniform Standards of Professional Appraisal Practice as the most probable price which a property will bring in a competitive and open market under all conditions requisite to a fair sale.

Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions where buyer and seller are motivated.

The price represents the normal consideration for the property sold un- affected by creative financing or sales concessions granted by anyone associated with the sale.

In the context of the above definition and principal, the market value of the real estate property is determined by 2 methods

• Direct Comparison Approach from market data
• Depreciated Cost Approach

Both the methods are reconciled and as a result of the analysis, an opinion on the subject property is derived.

We offer two types of appraisals; Residential and Acreages.