You’ve probably heard of the term “home appraisal” before. An appraisal is an estimated value of a property based on factors such as prices in the local real estate market, a home inspection and other neighborhood statistics. Why is it important? Well, it’s a mandatory step if you want to take out a loan to buy a home as it shows the lender that they are giving money for a reasonable purchase.
Appraisals are often considered a cornerstone in any real estate transaction, so if you’re planning on investing in real estate you should know who to reach out to. To help you out, we’ve put together a list of 10 appraisal companies in Toronto and the Greater Toronto Area that could come in handy:
York Simcoe Appraisal Corp. Ltd.
The York Simcoe Appraisal Group provides both residential and ICI (industrial, commercial, investment properties) appraisal services and, according to their website, has been operating in the GTA for over 25 years. They also have experience in appraising specialty/unique property types. For instance, they are very experienced in appraising rural properties and they routinely work on appraising high-end equestrian facilities and custom estates.
A.L.L. Appraisal Services Ltd.
Handling residential appraisals in the GTA, Halton, and Peel regions, A.L.L. Appraisal Services uses the latest technology and appraisal methods and their common services include appraisals for mortgage financing, power of sales, capital gains, estate settlements, employee relocations, marital dissolutions, litigation, vacant land appraisals and much more.
Exclusive Property Appraisals, Inc.
EPA (or Exclusive Property Appraisals) is a company specialized in residential appraisals for multi-family, single-family homes, new constructions and condominiums in Toronto and the Greater Toronto Area.
Accurate (Peel) Appraisals Inc.
Based on their website, Accurate (Peel) Appraisals has been operating since 1998 and has completed over 70,000 appraisals during this time, for a variety of both urban and rural properties. They offer assistance with residential, commercial, industrial and agricultural appraisals.
Mpire Realty Group Ltd.
A real estate asset management firm, Mpire Realty Group provides varied investment and project management services, in addition to appraisal counseling and advisory services in all segments of real estate. Their appraisal services include: residential, commercial/industrial, expropriation services, expert testimony and dispute resolution, portfolio advisory and research management.
Cross-town Appraisal Ltd.
Cross-town Appraisal is a property appraisal and realty consulting company which offers valuation services for everything from traditional single-family residences and condominiums to rural residential properties and multi-unit dwellings.
Inhouse Appraisal Corporation
Inhouse Appraisal Corporation provides a wide range of real estate valuations and appraisals for mortgages, divorces, accounting, selling, listing, litigation and more. They work with appraisers who are designated professionals of the Appraisal Institute of Canada (AIC).
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 valuations for various financial and banking institutions, as well as for many accounting and legal firms for tax, matrimonial, and other purposes. They also service clients with urgent needs and can expedite the appraisal process for speedy delivery.
Frontier Real Estate and Appraisal Service
This company has engaged in various advisory roles, consulting, market analysis and valuation of every type of residential property. In the process, Frontier has completed appraisals for purposes such as capital gains and estate planning, sale or purchase, interim and permanent financing, re-financing, portfolio valuations and many more.
An appraisal involves a lot of research into market areas, gathering useful data, using analytical techniques and applying experience and professional judgment to properly value a property. So, whether you’re looking to buy or sell a home, you now have a list of professional companies that you can reach out to for this complex process.