D. Fritz Appraisals Inc. is an independent residential real estate appraisal company in Victoria BC offering appraisal services on Vancouver Island and the Gulf Islands.
We believe our staff to be of the highest calibre, focused on providing the most comprehensive, accurate valuations available.
Since our inception, our firm has earned a reputation from our clients for supplying sound, practical home estimates delivered in a timely manner and in clear format.
Our appraisers are all members in good standing with the Appraisal Institute of Canada (AIC). We continually upgrade our education, maintaining our high level of report quality. Each has professional liability insurance in accordance with the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) and the AIC.
Real estate appraisals are legal documents, containing information that impacts the fair market value of both new and existing homes, and determines the financing options available for home purchases and renovations. They also determine how property assets will be divided during divorce proceedings and estate settlements, as well as determine capital gains on rental properties and tax implications for final probate.
As such, you need an appraiser who is local and understands the current and historic marketplace trends unique to the area. As an appraisal company, we are unique in that our team brings together expertise in every aspect of the real estate business. Our combined past experiences in real estate sales, lending, and business administration creates a broad base of knowledge that sets us apart.
We are also one of the longest standing Victoria appraisal companies, with half a century of experience between us. Combined with our commitment to continual education, our expertise allows us to provide the best appraisal services in the area.
Who Are Our Clients?
Our clients include stakeholders from across the industry; from lending institutions, real estate agents and mortgage brokers to accountants, lawyers and property owners.
Homeowners seek our services when it comes time to sell their home, to help them determine a listing price that gives them the best chance of a fast sale for the best price. We also assist with appraisals for major home renovations to help clients obtain financing, as well as determine whether the planned renovations add value to the home.
Buyers may also wish to appraise a home before they purchase; or their lender will request a home appraisal to make sure the property is worth the loan amount. For buyers purchasing a pre-construction home in a new development, we can project what the final market value will be once the construction process is complete.
Lenders and mortgage brokers also make up a significant portion of our client base. Our company is approved for most financial institutions, including credit unions, banks, and private lenders. As such, we understand that each lender has specific appraisal requirements. We tailor our reports to meet even the strictest criteria of each lender.
Real estate agents often enlist our services to determine the listing price of an atypical property. An overbuilt home with high-end finishing details, for example, may be difficult to sell in a neighbourhood of ordinary houses. Features like swimming pools, high maintenance landscaping, unusual floor plans and even a school next door can make a property slow to sell. Our property value estimates help realtors price the home appropriately to encourage the fastest sale possible.
Lawyers, accountants, family members and executors frequently entrust our professional team to appraise the value of an estate during probate, or to settle a will. Our unbiased advice and extremely fast turnaround times are invaluable to the legal process of settling a person’s assets.
At D. Fritz Appraisals in Victoria BC, we’re proud of the exceptional services we offer our clients. We are quick to answer follow up questions and our confidentiality, sound advice, and superior knowledge of the local real estate market has earned us respect across the board.
To order an appraisal, please get in touch with us today. Our team is standing by to answer your questions!