Resources
MARKET TRENDS
Stay Current with Real Estate Market Insights
Keep up with the latest in the real estate market. Our market trend reports provide an overview of shifts in property values, emerging patterns, and economic influences in the Columbia Shuswap and North Okanagan regions. Stay informed with data that impacts property investment decisions.
FAQ
Your Appraisal Questions Answered
What is a property appraisal, and why do I need one?
An appraisal in an expert assessment or evaluation of the value of a property based on market driven data. The market value of a property is based on various factors such as its condition, location, size, and comparable sales in the area. Commonly, appraisals are used in real-estate transactions, especially when a buyer is seek a mortgage loan. In summary, an appraisal is a professional opinion of a property’s value, service as an important tool in real-estate transactions and financing.
How long does the appraisal process take?
The appraisal process can take anywhere between 3 to 7 business days from the date the appraisal is ordered, but can sometimes be faster or slower depending on the circumstances. Some factors that can affect the process are the location of the property: suburban and urban based appraisals usually have a faster turn around time then rural properties. Complexity of the property: Unique or complex properties may require more time for research and evaluation, potentially extending the appraisal timeline. Appraisal Report Preparation: After the property visit, the appraiser needs time to complete their report.
Will the appraiser need access to the inside of my property?
Yes, in most cases, the appraiser will need to inspect the interior of the property. This allows them to assess features like layout, condition, and updates, which are critical to determining the property’s value.
What factors influence my property’s appraised value?
The property’s size, condition and location
Comparable properties in the area that have sold recently
The property’s age, features, and upgrades
Most importantly, market trends in the local real-estate market.
Can I use the same appraisal for multiple purposes?
Usually not. Appraisals are very specific on who can rely on the information within an appraisal report. Every appraisal has an Authorized User, and a specific purpose detailed in the report. The Authorized User is the only individual or entity that can rely on the appraisal report and for the specific purpose identified in the report. There are some instances where it is possible to have a reliance letter prepared to allow for an additional user – use. These are quite specific cases and often have quite specific requirements for the information included. Your appraiser can discuss these instances with you.
Can I have a copy of my appraisal?
Appraisals for lending purposes, the Authorized User of the appraisal report is the lender. An appraiser cannot release the appraisal report to the borrower(s), even if they have paid for the service because they are not the Authorized User of the appraisal report.
Do real-estate appraiser require certification?
Yes, appraisers that are in good standing with the Appraisal Institute of Canada are required to or have completed a university level program along with additional educational requirements through the Appraisal Institute of Canada. There are also annual and bi-annual educational requirements that must be completed through the Appraisal Institute of Canada to be a member in good standing.
Browse expert guides, market insights, and helpful tools tailored to support your property decisions. Whether you’re navigating the appraisal process or staying informed on real estate trends, our resources are here for you.
GUIDES & TIPS
Helpful Information for Informed Decisions
Our certified team at Cosh Appraisals offers trusted property valuation services across the Columbia Shuswap Regional District, including Salmon Arm, Revelstoke, and Blind Bay, as well as the North Okanagan region. We provide accurate appraisals for both residential and commercial properties, giving you clear, reliable insights to support informed decisions—whether you’re buying, selling, or planning for the future.
Accurate and Reliable Property Appraisals
Valuable Tools and Insights at Your Fingertips
At Cosh Appraisals, we specialize in delivering accurate, professional property appraisal services throughout the Columbia Shuswap Regional District, including Salmon Arm, Revelstoke, and Blind Bay, as well as the North Okanagan region. Whether you’re a homeowner, business owner, or investor, our team is here to provide the insights you need for informed decisions about your property.
Get a Quote Today
Our experienced team is here to provide reliable property valuations across the Columbia Shuswap Regional District. Contact us today to request a quote and discover the true value of your property.