What’s Included in a Professional Home Appraisal
A professional real estate appraisal from Riverbend Appraisals provides a comprehensive and unbiased opinion of a property’s market value. Our services include:
Property inspection
- Interior and exterior evaluation
- Our appraisers measure square footage, assess the property’s condition, and document key features.
- Photographs
- We capture high-quality images of both the property and the surrounding area.
Neighbourhood and market analysis
- Location assessment
- We analyze the property’s location relative to amenities like schools, transportation, and local markets.
- Market trends
- We review local sales activity, economic conditions, and property value trends in Southwestern Ontario to ensure an accurate valuation.
Comparable sales analysis
- Finding comparable properties
- We analyze recent sales, current listings, and pending transactions to create an accurate market comparison.
- Adjustments
- Our team makes necessary adjustments for differences in size, condition, and location.
Valuation approaches
- Sales comparison approach
- This is the primary method for residential appraisals, focusing on similar properties recently sold in the area.
- Cost approach
- We calculate the cost of rebuilding the property, factoring in depreciation (for certain types of properties).
- Income approach
- This is used for investment properties, evaluating the potential rental income and associated expenses.
Detailed appraisal report
- Property details
- Our appraisal reports include property condition, valuation, and a transparent explanation of our appraisal methods.
- Supporting data
- We include relevant data, maps, and photographs.
Regulatory compliance
- CUSPAP compliance
- All appraisals are prepared according to the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP), ensuring reliability and credibility.
Proudly serving London, Middlesex County, St. Thomas, Elgin County, Oxford County, and the surrounding Southwestern Ontario region.
What your report looks like
Every report is written for the people who will rely on it, states the effective date clearly, and is signed by a designated appraiser.
- Clear effective date and purpose
- Comparable sales with explained adjustments
- Photographs and inspection notes
- The appraiser’s signed CUSPAP certification
Appraisal report
Subject property
- Purpose
- As stated for your assignment
- Effective date
- The date your matter requires
- Intended users
- You and anyone you name
- Standard
- CUSPAP
- Approach
- Direct comparison, with cost or income where applicable
Opinion of fair market value
Designated appraiser, CRA, P.App.
Tell us about the property. You get a fixed-fee quote before any work begins.
Every report is quoted individually. Share the address and what your lawyer, accountant or lender has asked for, and we will take it from there.