Along with the direct comparison and cost approaches to value, multi-family properties will often include an income approach which analyzes the business case for the rentals and establishes value accordingly. While not a true valuation, we can also provide rent analysis including letters of market rent where required. Reports can be completed on any property in Manitoba and eastern Saskatchewan including, but not limited to:
Apartments / Triplexes / Fourplexes / Condominium Projects
Multi-Family Valuation Purposes
Listing and Pre-Sale Appraisals:
An objective and independent appraisal provides vendors, purchasers, and realtors with real estate value certainty. Everyone involved in the real estate transaction can have peace of mind knowing that fair market value has been established by an appraiser who is a member of the Appraisal Institute of Canada.
Obtaining a loan to assist your real estate purchase or renovation requires your financial partner to make lending decisions. The value of the real estate has an important role in whether the loan can be approved, the terms of approval, and the pricing. An informed decision to obtain an appraisal report helps both parties work together by bringing certainty to the property value.
In Manitoba, the courts rely on CRA (if the multi-family building has less than four suites) or AACI appraisal reports to assist in making the important decisions needed to settle the estate. We complete these assignments for both individuals and law firms.
In most divorce cases, the court won’t force the parties involved to “buyout” the other party’s interest, however they may order the sale of the home so each party gets an equal share of the equity. Regardless of the situation, it’s a good idea to order an appraisal so both parties are fully aware of what the current market value is.