An appraiser provides you with an impartial estimate of opinion of value of real estate. The appraisal is usually a written document setting forth an opinion of value for an adequately researched property as of a specific date and supported by the presentation and analysis of relevant data.
An accredited appraiser provides support, advice and valuations on real property. An accredited appraiser is a trained professional who observes, researches and analyzes the real estate market, taking into account the myriad of contributing factors that affect value. They are interested in facts, and will thoroughly investigate the property being researched. In order to do the job to the best of their ability, they keep abreast of current market trends, the general value of real estate in the area, taxes and special assessments.
It is a vital role in the world of real estate, a role that's become even more important in today's ever more value-conscious society.
Designated members provide a wide range of services, including the following:
* Arbitration
* Absorption Studies
* Market Analysis
* Expropriation Appraisals
* Counseling and Consulting
* Highest & Best Use Analysis
* Estimated Market Value
* Expert Witness Testimony
* Litigation Support
* Cost-Benefit Studies
* Feasibility Studies
* Management Advice
* Market Rent & Trend Studies
* Operating Expense Analyses
* Tax Assessment Review & Advice
* Zoning & Land Use Testimony
* Appraisals
Why should I get an appraisal?
Investing in real property, either buying or selling, can be one of the largest financial decisions you will make in your life. An appraisal offers an unbiased, informed opinion of the market value of the property you are interested in.
Services: Professional opinions on real property valuation are provided on:
* Feasibility studies and consulting services
* Future value of property being developed
* Mortgage security purposes
* Property tax assessments
* Capital gains and income tax purposes
* Estate and litigation matters
* Compensation due to expropriation situations.
* Current value of a property being bought or sold
When hiring an appraiser, what types of questions should I ask?
You may find the following questions helpful in your search for a suitable appraiser:
· What professional designations do you have and from what organizations?
· How long have you been in practice?
· What level of experience do you have in this particular market and with this type of property?
· Are you familiar with property in this neighborhood?
· What types of clients have you had (homeowners, estates, lenders, relocation companies)?
Why should I hire a member of appraisal institute of canada?
Members who hold the AIC designations of AACI, P.App or CRA have met rigorous educational & experience requirements. They adhere to strict standards of professional appraisal practice and ethics. All members are required to participate in continuing education programs – making them the preferred choice for high quality appraisal services.
How much will an appraisal cost?
The appraiser will suggest an appropriate fee based on the anticipated work involved in the project. The fee will depend on the complexity of the assignment, the appraiser’s expertise, knowledge and reputation. The cost of an appraisal is relatively small in relation to the overall cost of your investment.
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of the Appraisal Institute of Canada: 845 -
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An appraiser provides you with an impartial estimate of opinion of value of real estate. The appraisal is usually a written document setting forth an opinion of value for an adequately researched property as of a specific date and supported by the presentation and analysis of relevant data. 
