CORPORATE RELOCATION APPRAISAL
(CANADIAN EMPLOYEE RELOCATION COUNCIL)
Many large companies offer some form of guaranteed home sale program as part of their employee relocation plan. Obtaining a detailed and accurate relocation appraisal is an essential part of this process and is necessary in order to establish the guaranteed home price. Two appraisals are typically prepared as part of this process, with one appraiser chosen by the employee and one appraiser chosen by the employer.
A relocation appraisal differs from a standard appraisal in that its purpose is to establish the “anticipated sales price” which sometimes differs from a “market value” appraisal. Relocation appraisals consider recent sales in the neighbourhood as well as conditional sales, current listings and local market trends in order to establish a competitive market position for the subject property. The scope of research, analysis and market data included in a relocation appraisal far exceeds that of a standard mortgage appraisal. Local market expertise is essential.
SERVICE TYPES AND TURNAROUND TIME
Our relocation appraisals are performed by a fully designated AIC member with CERC Relocation Specialist™ qualifications, to the standards of both the Appraisal Institute of Canada (AIC) and the Canadian Employee Relocation Council (CERC). These appraisals are completed using either the relocation industry standard CERC Residential Relocation Appraisal Report form or the AIC standard appraisal report form, depending on the client's requirements. We ensure that the relocation management team has comprehensive and accurate information in the format that they require.
Our service area covers the suburban areas of the east GTA, including the Durham Region (Pickering, Ajax, Whitby, Brooklin, Oshawa, Courtice, Bowmanville and Newcastle) as well as parts of Scarborough, Markham and Stouffville. Please feel free to contact us to see if we can provide service in your area.
WHAT IS THE BENEFIT OF HIRING APEX APPRAISAL?
When you hire Apex Appraisal, you get the expertise and experience of a qualified designated appraiser from the Appraisal Institute of Canada who is also a qualified CERC Relocation Specialist™. A professional designated appraiser offers an unbiased and accurate opinion of your property value during what can often be an emotional process. Engaging a third-party valuation expert ensures that you have the knowledge required to make informed real estate decisions. Apex Appraisal is here to provide the information and professional documentation you need.
PROFESSIONAL APPRAISAL STANDARDS
Our appraisers are highly-trained and experienced professionals who adhere to the highest standards in the field of appraising. We are members of the Appraisal Institute of Canada (AIC), which is guided by a strict Code of Conduct and the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP).
Our membership in the Appraisal Institute of Canada (AIC) and adherence to CUSPAP ensures that your appraiser will:
Maintain the highest level of integrity and professionalism;
Engage in conduct that will instill confidence and protect the public interest;
Provide quality services within their areas of competence; and
Commit themselves to principles that reflect high standards of professionalism
Members who have achieved a designation with the AIC are widely respected and sought after by investors, federally and non-federally regulated financial institutions, the courts, all levels of government and the private sector. For many, an AIC designated appraiser is the only appraisal professional of choice. Contact Apex Appraisal today to see how we can help.