Our Appraisal Process
Our appraisal process and procedures vary according to the type of asset appraised, the requirements of the client, and applicable methodology for each appraisal assignment. However, in general the preparation of an appraisal report encompasses the necessary research and analysis in accordance with the Canadian Uniform Standards of Professional Appraisal Practice, which may involve the following:
- Identification of the subject assets and intended users of the appraisal report.
- Determination of the type of appraisal report (FMV, OLV, FOLV, FSV, Retrospective, Prospective) and its effective date.
- Inspection of the subject assets and confirmation of serial numbers.
- Review and analysis of data pertaining to the subject assets.
- Analysis of the subject asset's specific location and influencing characteristic of the asset's location on its market value.
- Analysis of market conditions, economic and functional obsolescence forces on the value of the subject asset's.
- Discussion of the appraisal methodologies and procedures employed in arriving at indications of value
- We search for, and do an analyses of comparables that might reasonably be used to indicate an analysis of the data and reconciliation thereof into an estimate of market value at the effective date of the appraisal.
- After completion of the report we will provide an electronic copy of the report to our clients.