REAL ESTATE APPRAISER VS BROKER

Alkins Real Estate Ltd., Brokerage

Toronto Real Estate Appraiser vs Toronto Real Estate Broker

 

What is a CRA?  Alkins Real Estate Ltd. is a real estate brokerage and certified real estate appraiser. We will give you an independent opinion and tell you what your property is worth and how we would get the best price possible for you.

What is the value of your property?

A real estate broker’s price opinion is an informal estimate of market value, based on a comparative market analysis of sales in the neighborhood.

certified real estate appraiser provides a formal, impartial estimate or opinion of value usually written, of an adequately described property, as of a specific date and supported by the presentation and analysis of relevant data.

The most important difference is their motivation. A certified appraiser’s main concern is to deliver a fair, accurate, objective appraisal, using recent historical data. A real estate broker is more of an optimist with the goal of getting the highest price possible for his / her client, in a reasonable period of time, with the fewest problems.

Should both their opinions of value be similar? Since they are basing their values on the same comparable sales in the subject neighborhood, their values should be similar.

When it comes down to bank financing, estates, legal disputes, buying and selling homes, etc., which value do the professionals rely on…. the certified appraiser!

We have earned the designations of CRA and FRI

WHAT IS A  CRA?

AIC Logo

The Appraisal Institute of Canada (AIC) was founded in 1938. The AIC is the premier real property valuation association in Canada. As a self-regulating professional organization, AIC grants the distinguished Accredited Appraiser Canadian Institute (AACI) and Canadian Residential Appraiser (CRA) designations to individuals across Canada and around the world.

AIC members are highly qualified valuation professionals who undertake a rigorous program of professional studies, examination and experience before being granted a designation. The Institute also supports the principles of lifelong learning through a mandatory continuing professional development program and requirements to complete their professional practice seminar on a regular basis. This ensure that the members have the most up-to-date education and skills to offer their clients.

The education, experience and life long learning requirements that AIC has put in place ensure that the real value expert you hire will provide you with the most professional valuation expertise and opinions in the marketplace. Put your trust in the most highly regarded designations in the real property marketplace.

The Appraisal Institute of Canada grants the two most prestigious real property valuation designations in Canada. The Accredited Appraiser Canadian Institute (AACI) and Canadian Residential Appraiser (CRA) designations are the most highly regarded in the marketplace and identify highly qualified individuals who have completed AIC’s rigorous education, experience and examination requirements.

(Canadian Residential Appraiser) designates members qualified in the appraisal and valuation of individual undeveloped residential dwelling sites and dwellings containing not more than four self-contained family housing units.

What is a FRI?

FRI: THE BEST THERE IS

The FRI (Fellow of the Real Estate Institute) designation is Canada’s pre-eminent real estate designation.

The FRI is a mark of excellence earned by a very few; the top real estate professionals who demonstrate an ongoing commitment to the highest standards of education, experience and ethical conduct in the real estate industry.

Awarded by the Real Estate Institute of Canada, the FRI designation assures you that you are dealing with a seasoned real estate professional who is committed to providing you with the very best service.

Benefits of hiring an FRI:

A lot is at stake when you choose your real estate professional. How can you be sure that you are getting the very best there is?

With a FRI, you can be confident that you have selected a reputable professional who has achieved the highest standards of experience, education and ethics in the Canadian real estate industry today.

A call to us is free. We offer sound advice. We are well versed in the real estate marketplace.

Appraisals for Residential Real Estate

Alkins Real Estate Ltd. – Toronto – Appraisals

Learn about Appraisals & Appraisals vs Assessments

People dealing with real estate, sooner or later will find themselves seeking a residential appraisal. People like home buyers and sellers, lenders, investors, developers, or government agencies at one point might need a home or investment property appraisal.

All real property has some sort of economic value and it is important to a market, the buyer, and the seller.

Home sellers use real estate appraisals to determine a listing price that will align with the current real estate market, while home buyers use real estate appraisals to decide on a proper offering price. Lenders use appraisals to help estimate the market value of properties being used as security for a mortgage or a loan. Appraisals can determine whether or not a buyer, a mortgage lender, a bank, or a real estate investor enters a deal or not.

Appraisals look at the real property and define it by everything attached to it. Why would home or investment property sellers and buyers need an appraisal? They need to get a third-party unbiased opinion of the value of their real estate.

Appraisals are usually done on a certain date and they are based on an analysis of collected data. A CRA is a Canadian Residential Appraiser who is a member of the Appraisal Institute of Canada and is qualified to appraise, under certain criteria, anywhere in Canada. If you are a seller or a buyer and you want to be sure about a property value, then you need an appraisal.

There are several other reasons why someone might need an appraisal. They might need it for transferring real estate ownership, re-financing a home, equity take-outs, credit purposes, probate, taxation purposes, etc..

The appraiser can be hated or loved. It all depends on what the value is said to be at and why you need it. Just remember, John Alkins is a Canadian Residential Appraiser (CRA)John Alkins probably knows the value of your real estate or investment property better than you do.

Your property value is based on many factors including comparable real estate recently sold near the property being appraised. John Alkins is an experienced appraiser with a significant amount of property value knowledge and he knows Toronto and the Greater Toronto Area. He is up to date in his market knowledge because he is also a Real Estate Broker.

Contact Alkins Real Estate Ltd. For A Consultation