Appraisal Service Types

Appraisals are important for lots of reasons, like when you want to refinance your mortgage, get home equity loans, list your home for sale, or settle things in a divorce. If you need an appraisal, you can trust us to provide quick and reliable service while keeping everything professional, honest, and confidential.

The following is a breakdown of the various uses for real estate appraisals and the services we offer.

Lending & Financing

1. Home Purchase Financing – Required by Canadian mortgage lenders (e.g., banks, credit unions) to verify collateral value.
2. Mortgage Refinancing – To confirm current market value for loan restructuring or renewal.
3. Home Equity Line of Credit (HELOC) – To determine available equity based on current property value.
4. Construction Financing – For new builds, lenders may require “as-completed” valuations.
5. Renovation Financing – To evaluate both the current and projected value post-renovation.
6. Private Lending / Alternative Financing – Often requires independent appraisals due to higher risk tolerance.
7. Foreclosure / Power of Sale Appraisal – Used by lenders or courts in mortgage default situations.
8. Bridge Financing – Appraisals may be required to support short-term loans between property transactions.

Real Estate Transactions

9. Buying a Home – For buyer assurance and to support financing.
10. Selling a Home – To establish market value and inform listing price.
11. Pre-Listing Appraisal – To price competitively and attract buyers.
12. Private Sale (For Sale by Owner) – To establish credible value without a real estate agent.
13. Buyer Due Diligence – For informed purchasing decisions, especially in competitive markets.
14. Co-ownership or Family Sale – To set fair market value in intra-family transactions.

Legal & Court-Related Purposes

15. Divorce or Separation – For equitable division of real property under family law.
16. Estate Settlement / Probate – Required by executors, lawyers, or trustees to settle estates.
17. Bankruptcy or Insolvency – To assess asset value for court proceedings or proposals.
18. Civil Litigation – Used in disputes involving property ownership, or valuation.
19. Partition of Property – For cases where co-owners seek to divide or sell jointly held real estate.
20. Court-Ordered Sale or Settlement – Appraisal supports compliance with legal directives.

Taxation-Related Uses (Canada Revenue Agency & Provincial)

21. Property Tax Assessment Appeal – To dispute over-assessments from provincial or municipal authorities.
22. Capital Gains Tax Calculation – Especially important for non-principal residences or inherited properties.
23. Estate Tax Planning / Probate Valuation – To determine the fair market value at the time of death.
24. Gifted Property Valuation – To report fair market value for tax compliance when gifting property.

Investment & Financial Planning

25. Real Estate Investment Analysis – For acquisition, disposition, or portfolio management.
26. Rental Property Valuation – To evaluate income potential or establish market value.
27. Wealth & Estate Planning – For use in net worth statements or inter-generational wealth transfer.
28. Asset Valuation for Business Use – For incorporation, shareholder disputes, or succession planning.
29. Investor Reporting – When private investors or partners need property valuation updates.

Other Needs

30. Relocation for Work – Employers or relocation services may require an independent appraisal.
31. Municipal Expropriation or Development – Required when a property is expropriated by a municipality or public authority.
32. Retrospective Appraisal – To determine value as of a previous date (e.g., for estate or legal purposes).
33. Valuation of Unique or Rural Properties – Such as hobby farms, waterfront cottages, or off-grid homes.
34. Property Severance or Rezoning – To support applications or assess value changes from land-use adjustments.

We’ve been appraising homes in the Fraser Valley and Upper Fraser Valley since 2005.

We appraise all these property types

Small to Large Rural Acreages

These are residential properties in rural areas, ranging from a few acres to several dozen or more. These properties offer significant space for homes, gardening, and agricultural activities.

Single-Family Homes

Everything from small detached homes, to large executive estates. We also value new construction properties and can provide progress inspections.

Townhomes & Row Homes

These residential properties share one or more walls with adjacent units, typically arranged in a row, and often characterized by multiple floors and their own private entrance .

Condominium Units

These homes are a privately owned residential units within a larger building or complex, where the individual owners hold title to their specific unit but share ownership of common areas and amenities, such as hallways or pools.

First Nations Leased Land

First Nation Leased Residential properties are homes or land on Indigenous reserve land leased to individuals or families, with the land remaining under First Nation ownership and governed by lease agreements.

Contact

Hours

Office hours:

8:00am-5:00pm
Monday – Friday

Closed weekends
and stat holidays.

Environmentally Conscious

A FAST APPRAISAL SERVICE (AFAST) operates as a virtual office to minimize our carbon footprint and reduce environmental impact. Unless otherwise requested by the client, all communications—including the delivery of appraisal reports—are handled digitally. While AFAST primarily works virtually, we recognize that some situations may require in-person meetings to discuss complex assignments or address specific client needs. We are happy to meet clients at their place of business or at a mutually convenient location.