Apex Appraisal Inc.

Apex Appraisal Inc. is a residential appraisal and consulting firm founded by Sean Smith, specializing in services for homeowners, lawyers, lenders, and insurers. They are members of the Appraisal Institute of Canada (AIC) and the Toronto Regional Real Estate Board (TRREB). The company holds an A+ Better Business Bureau (BBB) rating and operates primarily in the east GTA and Durham Region, including Oshawa, Pickering, and Ajax.

The business offers a wide range of residential appraisal services, including current and retrospective appraisals for separation, divorce, estate settlement, probate, and capital gains tax calculations. They also provide specialized services such as private lending appraisals based on Home Trust requirements, power of sale appraisals, and relocation appraisals using the CERC Residential Relocation Appraisal Report form. For commercial, industrial, and investment properties, they partner with Hammer Appraisal Inc.

Apex Appraisal Inc. offers appraisal review services, which are described as 'appraising the appraisal' to assess the quality and reasonableness of another appraiser's work. They provide Technical Desk Reviews and Technical Field Reviews, which are more thorough than compliance or non-technical reviews. These reviews help clients determine if an appraisal report meets standards like CUSPAP or their own internal standards.

The company provides corporate relocation appraisals for employees moving under guaranteed home sale programs. These appraisals aim to establish an 'anticipated sales price' rather than just a market value, considering recent sales, conditional sales, and local market trends. They use either the CERC Residential Relocation Appraisal Report form or the standard AIC report format based on client requirements.

Apex Appraisal Inc. uses the Direct Comparison Approach to determine market value by comparing the subject property with recent sales of similar properties in the surrounding neighborhood. They adjust comparable sale prices upward or downward based on the subject property's size, features, or condition relative to the comparables. This method is part of their formal appraisal process.

The company differentiates its formal appraisal reports from Realtor Letters of Opinion by noting that formal appraisals are generally the only type accepted by mortgage lenders, government entities, and courts. Letters of Opinion are typically one-page documents on brokerage letterhead, less researched, and more prone to bias, making them suitable only as a preliminary step.

Apex Appraisal Inc. serves clients throughout the suburban areas of the east GTA, including Scarborough, Markham, Stouffville, and the Durham Region. Their service area extends from Pickering and Ajax through Oshawa, Courtice, and Bowmanville, and into Port Hope, Cobourg, and Peterborough.

The business was founded by Sean Smith with a focus on detailed inspections, thorough research, and well-written reports. Their commitment to integrity and excellence is signified by their A+ BBB rating, which they claim is unique among local appraisal companies.

Apex Appraisal Inc. specializes in retrospective appraisals, which determine the value of a home at a past date, such as the date of separation, death, or conversion to an income-producing property. These are often required for asset division, probate, or capital gains calculations, and are advised by lawyers or accountants.

The company provides detailed appraisals for power of sale situations, ensuring mortgagees have accurate property information and values. They understand the unique obligations in these scenarios and aim to provide in-depth property information to support the mortgagee's decisions.

Apex Appraisal Inc. offers appraisal review services that include technical desk reviews and technical field reviews. These are suitable for negotiation, settlement, or litigation support and are conducted by fully designated AIC members with CERC Relocation Specialist™ qualifications.

The company's appraisal review services are designed to assist clients who need to assess the reliability of an appraisal report, such as those making business decisions, reconciling divergent opinions, or seeking judicial support. They also serve administrative tribunals and courts where property rights are in dispute.

Apex Appraisal Inc. adheres to the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) and the standards of the Appraisal Institute of Canada (AIC). They emphasize detailed inspections and thorough research to ensure accurate and reliable results for their clients.

You can reach Apex Appraisal Inc. by phone at 905-233-2606 or by e-mail at info@apexappraisal.ca.

The official website of Apex Appraisal Inc. is apexappraisal.ca.