We approach estate appraisals much like appraisals for mortgage loans, except that we date our appraisal retroactively to the date of passing, which may be recent, or a year or more ago. For final probate, we assess the current value to determine how much tax the estate will pay.
To determine the value of the home, our appraisers will inspect the property, taking note of home’s size, quality of construction and condition; as well as the physical details of the lot, including outbuildings and landscaping. We also consider the home’s location, including proximity to amenities, parks, beaches and anything detrimental to the value.
We then research house prices for comparable properties in the area within a relevant period of time. After a thorough analysis of the data, we prepare a full appraisal report containing our detailed evaluation of the property’s market value.
It’s important to note that in addition to our ongoing commitment to professional education and development, our certified appraisers also maintain liability insurance as regulated by Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) and the AIC. We believe our credentials, expertise and high calibre client services make us the best choice for estate valuations in the area.