Hink Appraisals 

How do I need to prepare my house for the appraisal?

You do not need to worry about housekeeping. We understand that we all live busy lives, and the property may not be "show home" ready. The appraiser is only looking at the real estate. For most appraisal services, we are required to enter every room of the house and accessory structures, and we must be able to see such as the furnace and electrical panel. If this is not possible, we recommend discussing it prior to the appointment. With your permission, we do take interior pictures. You can certainly decline photographs; however, it is best to discuss this your appraiser, broker, lender, etc., prior to the appointment. Depending on the purpose of the appraisal, a report without photos may not be accepted by a particular client. We take care not to include personal items people in the photographs.

Is there anything you need from us?

f there is anything need, we will ask when we are booking the appointment. Some common documents/information is helpful but not always necessary includes:
• Building plans, surveys, plot plans
• Most recent tax
• List of upgrades
• Offer to purchase
• Pertaining to condominiums, common element fees, parking, etc.

How do you determine the value?

There are three approaches to value: the direct comparison approach, the cost approach, and the income approach to value. The appraiser will determine which approaches to value are applicable, and these will be reconciled into one final value estimate. The Direct Comparison Approach is process of deriving a value indication for the subject by comparing similar properties that have been sold. By comparing similar properties to the, an opinion of market value is established. This approach measures the current actions of willing sellers and buyers within the market. This approach is typically given the most weight in the reconciliation process. The Cost Approach is based on the expectation that market participants relate value to cost. The estimate of value is based on a comparison with the cost to build a new or substitute property. The cost estimate is then adjusted for depreciation evident in the existing property determine a value estimate. The Income Approach is based on the basic theory that the higher the, the higher the value, provided the amount of risk remains constant. appraiser analyzes a property's capacity to generate future benefits andizes the income into a present value. It should be noted that the approaches to value only used when applicable. For example, as most residential properties are not bought and sold for their income-producing potential, the approach is typically not applied. The cost approach is also not applicable when appraising strata-type dwellings.


I have concerns about my personal safety/privacy.

We take our own safety and privacy very seriously and understand that you should too. We abide by high standards professionalism and comply with PIPEDA (Personal Information and Electronic Documents Act) and the Appraisal Institute of Canada's CUSPAP (Canadian Standards of Professional Appraisal Practice). We are happy to discuss any personal safety or privacy concerns you may have to ensure mutual trust and respect.