Our Appraisals

The appraisals for Industrial – Commercial – Investment properties contain a wide range of uses and must be completed by an AACI. Developers, lenders, homeowners, realtors, investors, lawyers, landlords, farmers, governments, bankruptcy trustees, accountants, sellers and purchasers all need to make decisions based on the value of a property.

When retaining an appraiser you first need to identify the reason for the appraisal, so that the appraiser may use the right method for valuation which includes collecting information and data on the property together with the appraisers level of experience for the property being appraised. The appraisers examination of the property value usually entails a physical inspection, a review or recommendation to look into matters of legal title, tax assessment, planning, building condition as well and a study of relevant lease agreements for the property. This involves a review of comparison properties, transfers and listings, rental data and replacement costs where required, all used in the determination of highest and best use.

The appraisals for Institutional properties usually have a small pool of users. Properties are represented by schools, churches, municipal facilities, public parklands and improvements, where the use for the appraisal is often for society at large, rather than for the individual. 

The value of institutional properties can be examined for Value In Use purposes, to a specific use or user when intended to continue as such, or for Value In Exchange purposes to a typical use or user when seeking alternative use of the real estate. These appraisals can only be performed by a fully accredited person with an AACI designation.

The appraisal of development lands typically represents properties that are under-developed and more particularly where optimum use of the site has not been realized and an examination of the property must be conducted. These appraisals are usually requested by developers or municipalities who may be looking at cash in lieu of parkland, requirements by investors who want to hold on to the property until planning applications can be achieved to realize future uses or for future investors.

An AACI designation is required to appraise development land, often requested to determine both the present value and the future value of the land for a project. An in-depth highest and best-use analysis is usually required in that regard, often requiring a review of density, use, and income capabilities as well as an examination of building value, if any.

The appraisal of residential use properties is commonplace in the real estate market, and is usually commissioned to establish the market value of a property for financing and/or trading purposes.

Residential appraisals may be completed by a person with an AACI (Accredited Appraiser Canadian Institute) or a CRA (Canadian Residential Appraiser) designation. Our company is approved by all major banks and is posted on most financial institutions’ approved appraisers list. Residential appraisals are usually required for purchase and/or sale, financing, divorce, and an array of other intended purposes.

Blake, Matlock and Marshal Ltd. provides appraisals for all forms of residential properties, including; single family homes, apartment complexes, vacant lots, acreage lots, new construction initiatives, renovation projects and recreational holdings, etc.

The appraisal of rural and agricultural properties varies exponentially within their scope, depending on the parameters set out in the appraisal consultation and/or the critical assumptions used in estimating value. Cash-crop production and income levels of a property affect value in the marketplace in instances and may need to be considered, at the discretion of the client.

Rural and Agricultural properties with large acreages or farms must be appraised by a fully accredited person with an AACI designation. These appraisals tend to be more complex than standard urban appraisals, as the properties usually contain issues, such as severance, tile drainage, and workable land where alternative investigations are often required.

Recreational properties usually represent parcels of real estate which have natural attributes that speak to a specific benefit or restriction from alternative use. Golf courses, cottages, marine or waterfront properties, conservation land, ski resorts, camp sites, religious retreats, and lifestyle products are among the most common.

These appraisals may be completed by a person with either an ACCI or CRA designation depending on the intensity of use. The appraisal may be simple or complex depending on the specific nature of the property, its type as well as the function of the appraisal.