December, 2022
One of the most frequently asked questions we get asked is "what is an appraisal?"
An appraisal is an independent, formally presented opinion of a property's value. This value is estimated by skilled appraisers who are unbiased and impartial in their judgements.
Estimating the value of a property helps the intended user determine what a home is worth. While appraisals are often done in connection with banks for mortgage financing, appraisals are completed for a variety of reasons such as capital gains, litigation, division of assets, estate planning etc. (Click here to discover for more reasons to get an appraisal!)
WesTech’s professional valuation expertise provides our clients with a personalized service that aids them in making sound real estate decisions. All of our appraisal reports are prepared or reviewed by fully accredited members of the Appraisal Institute of Canada, the Real Estate Institute of British Columbia and the Canadian National Association of Real Estate Appraisers.
WesTech defines residential appraisal as an independent formally presented opinions of a property's value. This value is estimated by skilled appraisers who are unbiased and impartial in their judgements.