Mortgage Financing Appraisal

An accurate appraisal of a property’s fair market value is vital when purchasing or refinancing a home. At D. Fritz Appraisals Inc., our team of certified real estate appraisers brings over 40 years of experience in lending, selling and appraising real estate in Victoria, BC. Whether you are a homeowner, lender, mortgage broker or real estate agent, we offer fast, accurate appraisals for mortgage financing based on our expert knowledge of the local market.

Our Mortgage Appraisal Services

“How much is my house worth?” That’s the first question you’ll likely ask when you decide to put your house on the market. If you’re buying, your lender may require a home appraisal report before they can approve your mortgage loan.

That’s where we come in. We are one of the fastest real estate appraisal companies in Victoria, with a normal turnaround time of 24 hours. This sets us apart in our local market, where properties can sell quickly amidst high demand. Our unbiased mortgage appraisal reports provide the current, fair market value of residential and commercial properties, tailored to the specific requirements of each lender.

Realtors also benefit from our expertise in all aspects of the Victoria real estate market, especially when faced with a property that is overbuilt, has an unusual floor plan or is otherwise difficult to sell. We help you help your clients by providing property valuations that determine the best listing price to yield the fastest possible sale.

How do we determine property value?

Our appraisals start with a complete home evaluation and property inspection. This includes measurements and photos of the home’s exterior and interior, as well as a full inspection of its condition, upkeep, location and surroundings. Can you glimpse the ocean from the master bedroom? Does the kitchen overlook a lovely garden? Or, perhaps the living room faces an unsightly commercial parking lot. Any views that impact the value, whether advantageous or detrimental, must be factored into the estimated market value of your home.

The quality of your home’s interior and exterior finishing also affects the property value. We look for custom millwork, built-in cabinetry, flooring type and condition, landscaping, bedroom sizes, and exterior details that impact your home’s curb appeal. We’ll also ensure your home conforms to local zoning bylaws. Once we’ve gathered everything we need to know, we’ll take this information back to the office and adjust our appraisal around real estate prices from similar homes in your neighbourhood.

Why You Need a Certified Appraiser

A real estate appraisal is a legal document that can impact mortgage financing and influence local house prices. That’s why it’s important to hire an accredited appraiser in good standing with the Appraisal Institute of Canada (AIC). At D. Fritz Appraisals Inc., our AIC certified appraisers continually upgrade their education to maintain our high level of report quality. Our appraisers also have professional liability insurance in accordance with the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) and the AIC.

To complete your mortgage financing, find out what your home is worth. Our team is standing by to assist you with a complete property appraisal report built by our team of knowledgeable professionals.

Contact Us Regarding Mortgage Financing

Related Links

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We’re Hiring!
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Job Title: AIC Candidate Appraiser

D. Fritz Appraisals Inc. is an established Real Estate Appraisal company that has been part of the Capital and Cowichan Valley community since 1998. We are excited to announce our company is ready to grow again and are searching for an AIC Candidate Appraiser to join our busy team to expand up-island in Nanaimo and the surrounding area.

The position available will be an independent contract, with a commission-based fee split. The successful Candidate will work under and be mentored by our AACI designated Appraiser. Our small team also consists of a CRA designated Appraiser (owner), three other AIC Candidates, and two Office Administrators. This is a work from home position, with an online virtual office to maintain and encourage communication and teamwork within the company. All computer software will be provided.

Responsibilities Include:

·      Perform on-site inspections, ensuring measurement accuracy, taking photographs and data collection;

·      Pull comparable sales and assign values to complete appraisal reports efficiently;

·      Meet turnaround times to ensure client satisfaction;

·      Develop relationships with lenders, brokers, clients, and other members of the public;

·      Continuously improve their knowledge regarding cost, market, and valuation trends;

·      Abide by all company policies and procedures­­­;

·      Attend staff meetings as required.

Qualifications Needed:

·      Valid Driver’s License and driving record that meets company standards

·      Clean Criminal Record check

·      A keen interest and knowledge of Vancouver Island’s real estate market

·      Registered Candidate Appraiser with the Appraisal Institute of Canada (AIC)

·      Must have proficient writing skills, be thorough and attentive to detail

Please forward a PDF copy of your resume and cover letter to [email protected].