TM Appraisers Inc. provides a variety of Residential & Commercial Appraisals throughout the regions of the GTA including Durham, York and Peel and surrounding areas.
Our Company has been servicing our clients since 1989 and has grown with confidence and professionalism over the years.
To ensure competence, knowledge, quality & service all of our appraisers are professionally trained with over 150 years of combined experience, each who specialize in a specific designated area throughout the region.
Our support staff are critical to our customer service .
We have Senior appraisers to oversee the quality of reports and standards that we strive to ensure.
We look forward to doing business with you in the near future. We know that our service to our clients is like no other. We treat our clients with the upmost respect.
What is an Appraisal?An Appraisal is a formal and impartial estimate or opinion of value, usually written, of an adequately described property, as of a specific date, and supported by the presentation and analysis of relevant data. It is prepared by a qualified individual for reliance by identified parties for which the appraiser accepts responsibility.
The Appraisal Process
Step 1. The Inspection
A thorough inspection of the property being appraised is completed to identify the location, type of dwelling, number of rooms, basement development, garages, etc. and to determine the condition and quality of the interior and exterior. The inspection often includes measuring the dwelling to record the proper size. The appraiser also looks for any positive or negative influences, physical and functional things that would affect the value of the property.
Step 2. Data Collection and Analysis
Information regarding the city/town, neighbourhood, services and utilities available, the address, ownership, land use classification, site dimensions and area, legal description, taxes, tax assessment, age of the dwelling, purchase price and sale date, previous MLS history, current real estate market data, comparable sales and listings are gathered and analyzed.
Step 3. Direct Comparison Approach
The value estimate in this approach is based on the selling price of comparable properties. Recent sales and listings in the area are researched to find properties which are the most similar or ''comparable'' to the subject property being appraised. The details of these sales and listings are verified. Using our knowledge of the value of certain items such as dwelling size, features, upgrades and other value enhancing characteristics, the differences between the comparable sales and the subject property are identified and adjusted for. An agreement among the adjusted values or a range of value may result.
Step 4. Final Estimate of Value
To arrive at a Final Estimate of Value, the appraiser selects the value by applying greater weight to one or more of the comparable sales or equal weight on all of them based on a variety of criteria such as which sales were the most similar to the subject, required the least amount of adjustments or the most recent.
Step 5. Complete the Residential Report Form
Addendums to the report are prepared and usually include interior and exterior photo’s, city/town and comparable sales map. The entire report is reviewed and signed. The outcome of the appraisal is communicated to the client and the report is delivered.
Meet Our Team
CRA Designated Appraisers:
CNAREA Designated Appraisers: