Time is money, in more ways than one. If someone has been paying on their home for several years, time has given them equity in the home. When you’re discussing appraisals or considering an appraisal of a residential property, time is also a major factor. A delay can be a problem for both lender and client. A delay in the appraisal process can cost the lender important business and can cost the client if the process is not completed in a timely manner, while the interest rates are low, for example.
If you are looking for a fast, accurate real estate appraisal in Toronto, you’d be wise to work with professionals trusted by lenders, legal specialists, insurance companies, and those in the market for a private purchase or sale. It’s essential for those offering this service to be flexible, as far as scheduling is concerned. It’s also important to set a definite time that is convenient for all involved and to stick to that schedule. You will also need to ensure that the specialist has access to the property so that they can carry out the report and be able to deliver it to you as soon as possible.
The Process
When you work with specialists in house appraisals in Toronto you’ll find the process may assign value to the lot separately then figure additional value improvements to come up with the total value. Appraisals can be completed according to this cost approach or according to the direct-comparison approach, which looks at similar sales in the area. Another way, the income approach, can be used when the home is a multi-unit revenue stream. You’ll get an accurate value every time.
Thorough, professional reports include an accurate sketch made from careful measurements as well as aerial images, site maps, and more. If you need to know more about a residential appraisal in Toronto, be sure to talk to a member of the team so they can explain the completed report. Outstanding customer service continues after the appraisal and report are finished.
Online Convenience
One of the outstanding benefits of internet technology is the convenience of being able to submit an appraisal request through the website of one of the leaders in the field, Aedis Appraisals. Requests receive immediate attention, which saves some of that valuable time mentioned earlier. You’re also able to track your order online, so you’ll always know the status of your appraisal request and order.
Details such as messages for the applicant, scheduled appointments, property-inspection status, and so on are all provided through this same method. Updates and changes are made as quickly as possible so you are always up to date. You can even get status-change reports by email for quick access to information.
