Real Estate Appraisal
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Welcome to Liverpool Appraisal. We are a premiere boutique real estate appraisal firm based in Pickering, ON. We provide appraisal and consulting services, covering the GTA, Northumberland, Peterborough and Kawartha Lakes. Our clients include major banks, credit unions, developers, investors, and private property owners.
Our reports are used for mortgage financing, internal planning, acquisition and disposition, estate planning, cash-in-lieu of parkland, matrimonial/divorce, buyout of partnerships, etc.
We recognize that each of our clients has unique needs. We cater our appraisal and consulting reports to address the factors which are most relevant to our client; there is no “one-size-fits-all”. Our expertise includes commercial, industrial, multi-residential, mixed-use commercial/residential, rural properties, and development land.
We are a service-orientated company, recognizing that the quality of the report is not the only important factor; we strive to communicate effectively, accommodate clients’ timelines, and respond quickly to questions/requests.
Please do not hesitate to give us a call and let us serve you.
Full-narrative residential and multi-residential reports, suitable for financing, litigation, matrimonial, expropriation, estate planning, or special use.
Specializing in commercial and industrial property appraisals, including retail plazas, offices, restaurants, warehouses, industrial condos and more.
We value development land, rural properties, building lots, etc. for a variety of purposes such as financing, negotiation, matrimonial, development, cash-in-lieu of parkland, etc.
Extensive experience in expropriation and litigation, acting on behalf of expropriating authorities and private owners. We provide professional reports and expert testimony.
Liverpool Appraisal is a boutique firm with a dedicated team of professionals. We pride ourselves in communicating effectively, facilitating clients’ deadlines, and providing full narrative appraisal reports that meet the unique needs of our clients.
In my business over the last 25 years I have had several requirements for appraisals. Working with Rick Van Andel who I met by chance on another matter was a pleasure. A consultant that over delivers in a very professional and timely matter. I would not hesitate to recommend Rick’s company.
We found Rick’s service to be thorough and professional. He made careful observations on his initial visit to our property, and his attention to detail was reflected in the final report. The report was completed in a timely manner, and the final summary was well-written and extensive.
An appraisal is an unbiased opinion of market value provided by a trained, accredited professional. The approach and methodology used to value the property varies from property type to property type. The appraisal estimates the value as of the effective date of the report, which can be a current date, or a retrospective date.
How your property is valued depends on the property type, and the specifics of the valuation assignment. There are three approaches to value: Cost Approach, Direct Comparison Approach, and Income Approach.
The Cost Approach estimates how much it would cost to replace the improvements on the property. Accumulated depreciation is subtracted from that figure. The value of the underlying land is estimated, and the cost of improvements is added to the land value to arrive at the total estimated value.
The Direct Comparison Approach is based on the selling prices of comparable properties. This method compares your property to others that have recently sold. Each relevant sale is analyzed adjustments are applied for differences between the subject property and the comparable sales. These sales are used to form the basis of the value estimate.
The Income Approach derives an estimate of value based on the net income a property produces. Typically, lease rates, income, and expense data is analyzed, and the net operating income is determined. An appropriate capitalization rate is estimated, and these two figures are used to arrive at a value estimate for the property. Many considerations go into both the estimate of net operating income, and the selection of a capitalization rate.
Designation from the Appraisal Institute of Canada is an extensive process. While the path to designation is constantly being revised/re-worked, the process essentially requires: an undergraduate degree from a university; post graduate certificate in real property valuation; completion of a demonstration report; two years work experience; applied experience written exam; professional competency interview.
Liverpool Appraisal’s service coverage area includes the GTA, Northumberland County, Peterborough and Kawartha Lakes.