Hink Appraisals 

 Covid-19 Update 

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Manitoba health authorities are recommending personal risk assessments to protect from exposure and spread of covid-19.  At this time we are encouraging appraisals with interior inspections rather than modified appraisals. Modified appraisals were conducted during high-risk times and were not our preferred practice. However, some situations still arise where we cannot proceed with an interior inspection and modified appraisals would be required. In situations where modified appraisals are completed due to health concerns, we do not share the appraisers' or the occupants' personal health history as it is strictly confidential. 

 

A modified appraisal is where the appraiser uses data provided by owners/ occupants such as photos/videos, an onsite exterior inspection, assessment data, building plans, etc. to examine the property. The appraiser invokes  Extraordinary Assumption and Extraordinary Limiting Conditions to assume any data obtained by outside sources is correct. These reports come with higher associated risks and it is ultimately the intended users named in the report, such as lending institutions' decision whether these are acceptable or not. 

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These modified appraisals require a significant amount of support for owners/occupants of a dwelling.  There is no discount for the appraiser not doing an interior inspection. The work required to analyze occupant-provided data is typically more time-consuming than our typical inspections. 

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It is very important that the client named in the report, many cases a lender is contacted to ensure that a modified appraisal is still acceptable. 

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