Residential appraisal
in Sorel-Tracy
From the single-family home in the Saint-Pierre neighbourhood to the multi-unit building in the downtown core, every residential property deserves a rigorous and impartial appraisal signed by a certified appraiser.
What we appraise in the residential sector
Single-family home
Whether it's a bungalow, a cottage, or a multi-storey house, we produce a report that reflects the fair market value by taking into account location, square footage, overall condition, and comparable sales in the area.
Condominium
A condo appraisal takes into account the unit itself, but also the co-ownership as a whole: contingency fund, building condition, condo fees, and Bill 16 obligations regarding building maintenance.
Plex (duplex, triplex, quadruplex)
Small income properties are appraised using the income approach and the comparison approach. We analyze rents, revenue potential, vacancy rates, and operating expenses.
Multi-unit (5+ units)
For buildings with 5 or more units, the income capitalization approach is preferred. We assess gross potential income, the overall market capitalization rate, and the building's profitability.
Bill 16 and your condo
Bill 16 (adopted in 2020) requires co-ownership syndicates to obtain a contingency fund study and a building maintenance log. These requirements have a direct impact on the value of your condo.
An insufficient contingency fund may mean upcoming special assessments for co-owners, which negatively affects market value. Conversely, a well-managed syndicate with an adequate fund reassures buyers and lenders.
During our appraisal, we take into account the state of the contingency fund, planned repairs, the building's age, and its overall maintenance. This is an important factor that financial institutions are scrutinizing more and more closely.
If you are buying, selling, or refinancing a condo in Sorel-Tracy, our report includes an analysis of these elements to reflect the true value of your unit within its co-ownership context.
Common residential situations
Mortgage loan
Your financial institution requires a certified appraisal report to approve your financing.
Purchase or sale
Know the fair market value before negotiating, whether you are a buyer or seller.
Refinancing
Assess the current value of your property to obtain better loan terms.
Municipal assessment dispute
Challenge your municipal assessment if you believe it does not reflect the market reality.
Separation or divorce
Establish the fair value of a shared real estate asset during a separation.
Estate planning
Determine the value of real estate assets for the settlement of an estate.
How the appraisal works
Initial contact
You contact us by phone or through the form. We discuss your needs and provide a quote within 24 hours.
Property inspection
A certified appraiser visits your property to inspect it: interior, exterior, lot, and immediate surroundings.
Analysis and reporting
We analyze market data, comparable sales, and your property's characteristics to produce a detailed report.
Report delivery
You receive a complete appraisal report, signed by a certified appraiser who is a member of the OEAQ, recognized by all financial institutions.
Frequently Asked Questions
What is the difference between market value and municipal assessment?
The municipal assessment is produced for taxation purposes and reflects a reference date that may go back several years. Market value is the current value at which your property would sell on the open market. The two amounts are often different.
How long does a residential appraisal take?
The inspection generally takes between 30 minutes and 1 hour depending on the size of the property. The complete report is usually delivered within 5 to 10 business days.
Do I need to be present during the inspection?
Ideally, yes. Your presence allows us to ask questions about renovations completed, mechanical systems, and any elements not visible during the inspection.
What does Bill 16 change for my condo?
Bill 16 requires co-ownership syndicates to have the contingency fund assessed and to produce a maintenance log. This influences the value of your unit and is analyzed in our appraisal report.
Is your report valid for all banks?
Yes. Our reports are signed by a certified appraiser who is a member of the OEAQ and are recognized by all major financial institutions in Quebec: Desjardins, National Bank, RBC, BMO, TD, Scotia, and more.
Need a residential appraisal in Sorel-Tracy?
Response within 24 hours. No commitment.