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van Walraven Appraisals is recognized as a high quality real estate appraisal firm serving the greater Ottawa-Carleton region for the past 15 years. The Appraisal Institute of Canada (AIC) is the recognized appraisal authority in Canada. The AIC sets standards and awards both the AACI (commercial) and CRA (residential) appraisal designations. Financial Institutions use AACI or CRA designated appraisers for good reason... to minimize the risk inherent in lending money against real estate! Following are situations in which a professional appraisal is a good investment: Property Sale / Purchase For anyone buying or selling property, an appraisal is essential for making an informed decision. It answers the questions "Am I asking enough?" or "Am I paying too much?" Mortgage or Lending Purposes When acquiring a first or second mortgage or when a property is used as collateral for a loan, an appraisal is often necessary to obtain financing. Relocation Employees who are relocated by their employers are often offered relocation packages to protect their investment when relocating from one city to another. An appraisal is the best way to ensure this. We have provided reliable, unbiased real estate appraisals for relocation companies and home owners since 1993. Estate Planning When wealth changes from one generation to another, an appraisal serves as an objective basis for the division of assets and/or the determination of capital gains tax. Legal Disputes / Dissolution of Marriages When real estate is the subject of a legal dispute or in cases where marriages are dissolved, an appraisal serves as an impartial way of estimating property value. Taxes / Capital Gains The value of property can increase substantially over time and may become subject to taxation or capital gains. A professionally prepared appraisal is recognized as the best estimation of value for taxation purposes. Accountants often rely on real estate appraisals for taxation purposes. Most of our appraisers have a formal accounting background. We know what accountants require and can provide it in a timely manner. Professional Advice Many people think they know the value of their property but there is no better way to find out than by obtaining an independent opinion of value by a professionally recognized appraiser. Spending a few hundred dollars for an appraisal may save you thousands of dollars. An appraisal may be your wisest real estate investment! |