The scope of the market value appraisal includes a physical inspection of the subject property and discussions with regulatory offices regarding data and factors pertinent to the assignment. This is usually followed by application of the income and a comparative sales analysis in the direct comparison approach. The results of these independent approaches are reconciled to a final estimate of market value.
A commercial appraisal may be required by lenders (banks), lawyers, accountants, corporations, courts, tax officials, realtor’s, property managers, insurance brokers and underwriters as well as any other professional, corporation or individual who requires an impartial and independent estimate of value.
All of our appraisal and consulting reports are completed in compliance with the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) which ensures the highest quality or competent, ethical and objective advice.