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Isle West Appraisals is your reliable and professional real estate appraisers serving  Nanaimo, Cassidy, Lantzville, Parksville, Qualicum, Nanoose, Ladysmith, Saltair, Port Alberni, Chemainus, Duncan, Cowichan, and Central Vancouver Island.

Why You Need A Real Estate Appraisal. . .

Are You Planning to Purchase or
Sell Real Property in the Future?

If so, the Information in this
webpage may be of assistance to You! . . .


British Columbia Association
Appraisal Institute of Canada


If you are purchasing a home or recreational property, or buying real estate as an investment, you may be making the largest purchase of your life.


Be sure you are making an informed decision. Knowledge is your greatest bargaining tool when making decisions regarding real estate. A professional appraiser who is a member of the Appraisal Institute has the education, experience and training to give you a professional opinion you can trust.

WHAT IS A REAL ESTATE APPRAISAL?

An appraisal is an impartial estimate or opinion of value of real estate. The appraisal is usually a written statement setting forth an opinion of the value for an adequately described property as of a specific date and supported by the presentation and analysis of relevant data.

WHY SHOULD I GET AN APPRAISAL?

Buying or selling real property can be one of the largest financial decisions you will make in your life. An appraisal offers an unbiased, informed opinion of the market value of the property you are interested in purchasing or selling. An appraisal may be needed:

  • To ensure that the purchaser does not pay more for a property than it is worth. An informed purchaser should place the following clause in a Purchase Agreement:
    "Subject to an appraisal equal to or exceeding the agreed offer",

  • To obtain a qualified opinion of value for mortgage or lending purposes.

  • To provide investors with adequate information upon which to base investment decisions.

  • To provide an expert opinion of value of real property as a basis for compensation where property is to be taken for public use in an expropriation.

  • To provide evidence for a property assessment appeal.

You can recognize a qualified real estate appraiser by the designations MCI, P,App or CRA, which are awarded by the Appraisal Institute of Canada after completion of a rigorous education and training program.

AACI, P .App

Accredited Appraiser Canadian Institute Professional Appraiser:

The person holding this designation is qualified to perform appraisals on a wide range of real property.

CRA

Canadian Residential Appraiser:

The person holding this designation is
qualified in the appraisal of and valuation of individual undeveloped residential dwelling sites and dwellings containing not more than four self-contained family housing units.

For further information, please contact:

THE BC ASSOCIATION OF THE APPRAISAL INSTITUTE OF CANADA

#845 - 1200 West 73rd Avenue
Vancouver, BC V6P 6G5
Phone: 604 266-8287
Fax: 604 266-3034
E-Mail: info@appraisaLbc.ca
Website: appraisal.bc.ca


Why you should use an Appraiser with the AACI, P.App or CRA Designations from the Appraisal Institute of Canada:

INDEPENDENT, OBJECTIVE VALUATION
The AACI, P.App or CRA. is required to provide a completely objective opinion of value, independent of any other business interests. This protects buyers and sellers, as well as lenders.

TRAINING YOU CAN TRUST
Designations are earned after many years of formal study, plus one or more years of closely-supervised articling under a practicing professional appraiser.

ONGOING PROFESSIONAL DEVELOPMENT
Once awarded, designations must be continually updated through regular study, seminars and workshops. Designated members are current and prepared!

SELF REGULATION
There is no legislation in BC governing the practice of real estate appraisal, so you need to be sure that your appraiser is properly trained and follows the highest standards of professional practice.

UNIVERSAL ACCEPTABILITY
Appraisals prepared by designated Institute members are accepted not only by Canadian lenders but also by judicial and regulatory bodies, for purposes such as estate settlement, divorce and arbitration.

A HISTORY OF COMMITMENT
The Appraisal Institute has been dedicated to the service of the Canadian public through professional real estate appraisal for more than 60 years.

Real Estate Appraisers designated by the Appraisal Institute of Canada provide a wide range of services, including:

  • Appraisals-Residential, Commercial or Industrial
  • Arbitration
  • Absorption Studies
  • Expropriation Appraisals
  • Counseling and Consulting
  • Highest and Best Use Analysis
  • Estimated Market Value
  • Expert Witness Testimony
  • Litigation Support
  • Cost - Benefit Studies
  • Feasibility Studies
  • Management Advice
  • Market Analyses
  • Market Rent & Trend Studies
  • Operating Expense Analyses
  • Tax Assessment Review and Advice . Zoning and land Use Testimony


This information is provided compliments of:


 

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