Appraisal Services

Professional Appraisal Service in Edmonton, Kelowna, Penticton & Surrounding Areas

Knight & Company Appraisals is a locally owned appraisal company that offers professional appraisal services in the Edmonton region as well as Kelowna and the Okanagan Valley. Our experienced residential and commercial appraiser team is committed to providing the highest-quality reports and services to meet your appraisal needs. Our role is to provide a well-reasoned opinion of value that will provide peace of mind during a real estate transaction. Our clients seek our experience, integrity, and professionalism when requesting appraisal advice.

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Since its inception, our firm has earned a reputation for providing clients with professional and practical advice in the following areas:

Residential Appraisals

Commercial Appraisals

Agricultural Appraisals

Going-Concern

Insurance Appraisals

Machinery & Equipment Valuation

Business Valuation

Preparing for the Appraisal

If you are selling or refinancing your home, it will benefit you to see that the appraisal process goes smoothly. You can do several things before the appraiser’s arrival to ensure a proper and accurate appraisal.

Access

In most cases, lenders want the appraisal to reflect the “as is” status of the property. This means that the appraiser needs to have access to all areas of the home. Otherwise, the appraiser will need to make the appraisal “qualified” regarding certain assumptions about areas the appraiser cannot access, and the lender may refuse to make the loan.

To facilitate access, you can:

Ensure that the appraiser can enter all rooms. For example, if some family members work nights and sleep during the day, arrangements will need to be made for the appraiser to view all rooms.
Ensure that the appraiser has clean and dry access to crawlspaces and attics. The access doors must be opened so the appraiser can conduct a “head-and-shoulders” viewing.
The appraiser must view garages, storage areas, closets, basements, etc..
The appraiser will be taking interior and exterior photographs.

Legal and Title Issues

No one wants to delay a transaction over legal or title issues. Things like easements or encroachments are often unapparent to the appraiser but show up later when the lender has the legal work prepared. Depending on the nature of the legal or title issue, the lender may need to contact the appraiser to consider the impact the issue may have on the appraisal. The appraiser may even need to revisit the property, adding expense and delay to the process.

If you have information on any of the following, please have it available to the appraiser.

Land Title Certificate
Information on Easements or Encroachments
Copies of Permits for Additions or Recent Work on the House
Real Property Report (Survey)
Information on the Previous Sales History of the Home
Recent Tax Bill

Other Issues

Generally speaking, the more information available to the appraiser, the faster the process will go.

If you have any of the following information, please have it available for the appraiser.

Copies of Home Inspections
Copies of Current or Previous Sales Agreements
Copies of Any Current or Previous Listing Agreements
List of Any Personal Property being Sold with the Home
Plans and Specifications for Original Structure and Additions, if Applicable
Any Other Information You Feel May be Useful to the Appraiser

Appraisal Fees

Like any service, appraisal fees are directly related to the time the appraiser spends providing the service. The development time may vary from one assignment to another, even though the reports for different assignments may look similar. While an appraisal assignment involves developing and reporting assignment results, the client sees only the appraisal report. The estimates do not include items such as:

Need An Appraisal?

Knight & Company Appraisals can help with any of your appraisal needs.

Don’t hesitate to contact one of our experts at 780-486-9545.