Toronto Appraiser Needed

[Nir]

Hi All, I'm helping a friend and wanted to ask if anyone can recommend an appraiser to work with in Toronto. he needs it for a triplex appraisal in Toronto NW of Bathurst & Finch.

THANKS.

 

[GaryMcGowan]

Is this for a personal reference on what the property is valued at? or is he looking to get new financing? If it is for financing, Lending Institutions will have a list of approved appraisers that can only be used.

 

[Nir]

Hi Gary, he needs it for refinance purposes. Interestingly those strongly recommended are almost always on the bank's list of approved appraisers. Yes, always good to confrim prior. Thanks.

 

[markl]

I second Gary's post. Are they working with a Mortgage Broker to get refinancing?



If the Mortgage broker works with a lot of investors they should know which appraisal company to get in there. If it is the bank appraising it straight off I would expect the value to be off by 5 - 10% .



If your friend wants a preliminary evaluation based on the market. So he has a number to give to the bank Let me know and I can work some numbers for him.



Regards,