You’ve probably heard of the term âhome assessmentâ before. An appraisal is an estimated value of a property based on factors such as local real estate market prices, a home inspection, and other neighborhood statistics. Why is this important? Well, this is a mandatory step if you want to take out a loan to buy a house because it shows the lender that they are giving money for a reasonable purchase.
Appraisals are often considered the cornerstone of any real estate transaction. Therefore, if you are considering investing in real estate, you should know who to approach. To help you, we’ve put together a list of 10 appraisal companies in Toronto and the Greater Toronto Area that you might find helpful:
York Simcoe Appraisal Corp. Ltd.
The York Simcoe Appraisal Group provides both residential and ICI (industrial, commercial, investment property) appraisal services and, according to its website, has been operating in the GTA for over 25 years. They also have experience in valuing specialized / unique property types. For example, they are very experienced in the valuation of rural properties and they regularly work on the valuation of high end equestrian facilities and custom estates.
ALL Appraisal Services Ltd.
Dealing with residential appraisals in the Greater Toronto Area, Halton and Peel areas, ALL Appraisal Services uses the latest technology and appraisal methods. , vacant land evaluations and much more.
Exclusive Property Valuations, Inc.
EPA (or Exclusive Property Appraisals) is a company specializing in residential appraisals for multi-family, single-family, new construction and condominiums in Toronto and the Greater Toronto Area.
Accurate Assessments (Peel) Inc.
Based on their website, Accurate (Peel) Appraisals has been in operation since 1998 and has completed over 70,000 appraisals during that time, for a variety of urban and rural properties. They offer help with residential, commercial, industrial and agricultural appraisals.
Mpire Realty Group Ltd.
A real estate asset management company, Mpire Realty Group provides a variety of investment and project management services, in addition to valuation advice and advisory services in all segments of real estate. Their valuation services include: residential, commercial / industrial, expropriation services, expert testimony and dispute resolution, portfolio advice and research management.
City Assessment Ltd.
Cross-town Appraisal is a real estate appraisal and real estate advisory firm that provides appraisal services for everything from traditional single family residences and condominiums to rural residential properties and multi-family housing.
Internal evaluation company
Inhouse Appraisal Corporation offers a wide range of real estate appraisals and estimates for mortgages, divorces, accounting, sales, registration, litigation and more. They work with assessors who are designated professionals of the Canadian Evaluators Institute (CIA).
Reliable Appraisal Services has been in business since 1993. With a team of 10 appraisers serving the GTA, they provide high quality residential and commercial property appraisals for various financial and banking institutions, as well as for numerous tax accounting and legal firms. , matrimonial, and for other purposes. They also serve customers with urgent needs and can expedite the assessment process for prompt delivery.
Frontier Real Estate and Valuation Service
This company has engaged in various advisory, advisory, market analysis and valuation roles of any type of residential property. In the process, Frontier performed valuations for purposes such as capital gains and estate planning, sale or purchase, interim and permanent financing, refinancing, portfolio valuations and many more.
An appraisal involves a lot of research in the areas of the market, gathering useful data, using analytical techniques, and applying experience and professional judgment to properly appraise a property. So whether you are looking to buy or sell a home, you now have a list of professional companies that you can contact for this complex process.