What Does an Appraiser Do?

The key word when searching for a property appraisal is value.

An appraiser may be hired by a company, institution or private individual to perform a variety of property valuation duties or simply to provide an independent and objective opinion in various areas.

Your A-1 Appraisals Ltd appraiser can help you assess the following:

  • The current value of property being bought or sold
  • The value for mortgage or lending purposes
  • The value to assist in investment decisions
  • The value of assets
  • The value of property involved in a legal dispute
  • The verification of damage claims
  • The value to measure property tax assessments, capital gains and other taxes
  • The property value needed to determine compensation when property is expropriated

Ever thought of having a professional appraisal done? Here are 10 reasons why you should.

Having a complete understanding of real estate value is a critical consideration for making the right decision. Reduce your liability and be assured of reliable real estate appraisals by using professional real estate appraisers from A1 Appraisals, who have designations from the Appraisal Institute of Canada.

  1. Independent, Objective Valuation
    The AACI or CRA is required to provide a completely objective opinion of the property value, independent of any other business interests.
  2. Solid, Professional Training
    Institute designations are earned, not awarded, after a rigorous program of educational courses that include numerous university-level credits.
  3. Proven Valuation Experience
    Institute members earn their designation after articling under the direct supervision of an accredited appraiser.
  4. Universal Acceptability
    Appraisals conducted by designated Institute members are accepted with Canadian lenders, as well as judicial and regulatory bodies.
  5. Ongoing Professional Development
    The Institute has a program for mandatory re-certification of designations so that all members are current with industry trends.
  6. Self-Regulation
    The Appraisal Institute governs its members through a strict Code of Ethics, Standards of Professional Practice, and Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) .
  7. Ongoing Partnerships
    The Appraisal Institute regularly meets with representatives from governments, real estate, legal, lenders and other financial bodies to create a resource network to discuss industry and other related concerns.
  8. Public Interest
    The Appraisal Institute's commitment to protect public interest through programs such as Liability Insurance and a complaints process help to reduce associated risks.
  9. Career Commitment
    A qualified appraiser is recognized by the designations AACI or CRA, awarded by the Appraisal Institute of Canada. These appraisers have dedicated themselves to a career in the appraisal profession.
  10. A History of Commitment
    The Appraisal Institute's designations represent more than 60 years of proven commitment!

Knowledge is the cornerstone of an appraisal. A designated member of the Appraisal Institute of Canada has had years of education and training and puts all of it to work for you. It's their job to keep up to date with changes in market trends and laws that affect real estate values. Combining knowledge and expertise with a thorough investigation of the property and the area, an appraiser will give you a professional opinion that you can trust.