Product Fees:
Like most professional services, appraisal fees are directly related to the estimated amount of time the professional will spend in completing the service. The estimated amount of time may vary from one assignment to another even though the reports for different assignments may look similar. While an appraisal assignment involves time for inspection, research, analysis and reporting of assignment findings and conclusions, the applicant/client sees only a portion of the time required, typically the time for inspection.
AIC reports used by Home Value Inc. are the most current and recommended reports from the Appraisal Institute of Canada (AIC).
Our basic fee to complete an appraisal report typically does not account for items such as:
- Additional consulting
- Court testimony
- Multiple structures
- Complex properties
- Oversize or high-value properties
- Historical properties
- Stigmatized properties
- Rush/Urgent assignments - See Below for Urgent/Rush service & pricing.
Consequently, the estimated fees below are for properties that are more or less typical of the local market
For Home Value Inc., Appraisals ordered using our web site Order Utility and payment by Email Transfer are probably the most convenient and inexpensive way for customers to place the appraisal order and make payment for an appraisal.
We also accept payment by any of the 3 major credit cards. When this option is chosen it is essential that we receive a signed authorization from you along with your credit card number and expiry date. Also there will be a financing charge of approximately 3%, but not less than $ 10.00 on the invoice total plus hst when this option is selected.
(AIC) Full Appraisal Report for Lending Purpose
A basic fee for Broker, Lender & Owner/Applicants of a Lending Purpose Appraisal Report is given below. Once provided the subject property & other assignment particulars the assigned appraiser will be in a position to determine and communicate a firm quotation for our services to the party paying. This will be communicated at the time or immediately after the appraiser calls to arrange for the property inspection and collection of the fee.
- Starting at $310.00, for a very basic property + $ 25.00 incrementally for incrementally more complex and larger properties that will require more time for inspection, research and analysis.
- (AIC) Full Report update - $210.00
- (AIC) Limited Report, Drive By - $235.00
- Letter of transmittal, redirection of completed report - $180.00
- Construction Progress inspection update with progress schedule & photos - $180.00
- Income property (Triplex & Quad) Partial Schedule A add - $85.00 to the Appraisal Fee
- Opinion of Market Lease Rate Schedule re Income property (S.F.D. home or apartment) add - $75.00 to the Appraisal Fee when in addition to a full appraisal or - $ 150 when ordered alone
- Market Conditions Addendum Schedule when in addition toa full appraisal - add $75.00 additional to the Appraisal Fee or - add $ 150 when ordered alone
- WHEN PAYING by Credit Card add approximately 3% to total of fee starting at - $10.00
Typical Turn a Round Service Levels & URGENT/RUSH ASSIGNMENTS
If your required service turnaround is typical and NOT URGENT, and access for the appraiser to inspect the property and receive payment for the service is not unduly delayed, you can expect the completed report to be sent to you within 5 business days from placing your order. Although we cannot guarantee this turn around 100% of the time, we constantly monitor our service performance and we are proud to report we accomplish this timing on over 95% of our assignments.
If you need the property inspected and the report completed in less than 5 business days, i.e. in the next 24 - 48 hours, the appraiser may be able to adjust her/his schedule to accommodate this requirement, you should state your requirements and the appraiser will let you know if s/he can accomplish this turnaround. If accepted, BE ASSURED, THE SAME CARE AND DUE DILIGENCE WILL BE GIVEN AS IS WITH ALL OUR TASKS AND ASSIGNMENTS, but to deliver this URGENT/RUSH service we will likely be working extended hours, weekends & holidays, be aware, and inform your applicants, our URGENT/RUSH service fee is double the normal fee that would otherwise apply,
Options for Payment:
- Email money transfer sent to admin@hviappraisal.ca – please be sure to indicate the subject property address so the payment can be properly applied.
- Certified Cheque or Bank Money Order payable to Home Value Inc. Please be sure to indicate the subject property address so the payment can be properly applied.
- Visa, Mastercard or American Express – For this option, Print out the Credit Card Authroization Form, complete it with signature and fax or email it as indicated at the bottom of the form.
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