The importance of real estate appraisal services in Vancouver cannot be denied in any property market transaction. Whether requested by a lender, seller or by a buyer the process cushions all parties against making the wrong investment choices. Professional real estate appraiser’s services guarantee that you get value for your money, while the lender is cushioned against loaning money for an overvalued property. In Vancouver, the process will cost about $250 and $350 and this is a negligible price considering the ROI on that single investment.
How then do you choose the right residential appraisal firm in Vancouver? Here are some ideas:
- Training and Certification: This is the main consideration. Before you make your choice, be bold enough to determine the qualification and certifications held by your appraiser. Check whether they are certified by the Appraisal Institute of Canada among other industry bodies.
- Range of services: The perfect real estate appraisal service should offer a wide range of services including; commercial appraisal, real estate listings and depreciation reports. All these must conform to Canadian Uniform Standards of Professional Appraisal Standards (CUSPAP) and be signed by an Accredited Appraiser Canadian Institute (ACCI).
- References: Visit the local chapter of Association of Realtors, read testimonials and ask for referrals from neighbours. You can also get referrals from accountants and attorneys because they know the best residential and commercial property appraiser in Vancouver.
- Ask about the process: You need to know who will carry out the inspection, flexibility of their appraisal schedule, costs and feedback during the process.
Experience and reliability come in handy if you want to choose the ideal appraiser. From depreciation reports, residential appraisal reports to home listings, a reliable appraisal company is able to handle it all.