Frequently Asked Questions
What does a residential appraisal involve?
The appraiser will conduct an inspection of the interior and exterior of your home. This will involve taking photographs, notes and measurements. The process should take between 30 to 45 minutes in total.
Does my house have to be clean?
No. The appraiser is there to inspect the house only not the contents. The condition of the home and the components that are attached are the only contributing factors.
Do I have to be home for the appraisal?
No. The appraiser just needs to access the home and any suite(s) that may be on the property. It is possible to have a friend or a family member let the appraiser in.
Do you need to see the basement suite?
Yes. This is absolutely required, so please give your tenant notice when arranging the appraisal time
Are you approved to provide an appraisal of a commercial property?
Yes. The Okanagan Appraisals team has AACI designated appraisers who are trained and licensed to perform both commercial and residential appraisals.
How long does a commercial appraisal take?
This depends on a number of factors including the type of property (or properties) being appraised, the intended use of the appraisal, the scope of the work and the type of report required. Commercial appraisals can typically take 1 to 3 weeks to complete depending on the complexity of the appraisal.
How much does a commercial appraisal cost?
Commercial appraisals can vary significantly in cost depending on the scope of the work. It is common for the cost to be significantly higher than other types of appraisals due to the length of time invested and the depth of knowledge required. The appraiser will be able to provide you with an accurate quote prior to any work being undertaken.
What hours can I schedule the appraiser for?
Okanagan Appraisals is very flexible and, for the most part, we can conduct the appraisal at anytime as long as there is light outside.
Will the appraiser be able to tell me the value while on the property?
No. The inspection is simply a process in which the appraiser is determining the size, condition, and layout of the property. The valuation takes place at the appraisers’ office. For a residential appraisal this will be completed usually a day after the inspection.