National Appraisals

Buying or selling property is one of the biggest financial decisions we Canadians will ever make. That is a lot of money and emotion on the line and thus fairness and clarity is essential. This is where professional valuation becomes very important. With an appraisal well prepared, a transaction that may otherwise be confusing is brought into order, confidence and transparency. In essence, an appraisal is concerned with setting up an objective look of value. Rather than depending on asking prices, online estimates, or assumptions, buyers and sellers will get access to an opinion that is well researched using market data, condition of the property, and location. The process ensures the safety of all those involved and helps to make informed decisions throughout the process.

It is important to know the true value of a commercial property when purchasing, selling, refinancing, and leasing a building. This is where professional commercial appraisers play a vital role. Their work extends much beyond mere notings. An accurate assessment helps property owners, investors and lenders with making good decisions on facts and not on assumptions. Knowledge on what goes into this process can also make clients prepare and be realistic. Property Type and Intended UseThe type of commercial property is one of the initial considerations. Office buildings, retail areas, warehouses, industrial areas and mixed-use developments all have different logic behind their valuation. The appraisers look at the use of the property at hand and whether the use is in accordance with the zoning laws and the local planning policies. If the site allows for alternative or higher-value uses, this potential is also taken into account during commercial appraisals.