In these FAQs we try to answer common questions about appraisal work. We don’t attempt to cover questions specific to your line of work. So, if you don’t find what you need to know on this page, please send your question to us through our online form on the Contact Us page and we’ll get back to you with an answer within 1 business days. Or, call our office at (604) 687-1888 and we’ll answer your question by phone.
Q?
What types of Valuation do you offer?
A.
We generally offer three types of appraisal valuation
- Inventory Appraisal is used when an accurate asset listing does not exist. This approach requires a detailed inventory and inspection of all the assets in person.
- Site Inspection Appraisal involves a detailed inspection of a representative portion of the assets. This inspection is used to determine the physical condition and to verify the existence of major assets.
- Desktop Appraisal is used when there isn't much time or a site visit is not required. A detailed asset listing must be provided and a person who is familiar with the assets should be available to discuss the condition of the item. In almost all the valuations, images are required and supplied by the client.
Q?
Do all appraisers have similar qualifications?
A.
No, there are self-acclaimed personal property appraisers who have not completed any professional education. All staffs at PYK are certified thru the Canadian Personal Property Appraisal Group (CPPAG). PYK ensures that an accredited CPPAG appraiser attends on-site and reviews every file where a Detailed Appraisal has been requested. For all Summary Valuations or Desktop Opinions, reports are prepared by a CPPAG appraiser and other qualified individuals may be used to obtain photos and capture listings of assets. Any use of Third Party or employee services will be noted in the report.
Q?
What qualifies an Appraiser to value my personal property?
A.
A qualified Personal Property Appraiser should have formal education in appraisal theory, principles, procedures, ethics, and law. They should be up to date on the latest Appraisals standards. Continuing education and testing are the only ways to ensure this competence.
Q?
How do I arrange the appraisal?
A.
Phone: (604) 687-1888 (reply within 2 hours)
Email: info@pykappraisals.com (reply within 1 business day)
Use the online form at Contact Us (reply within 1 business day)
Q?
What’s the turnaround time to complete the appraisal?
A.
Timeline from initial phone call to delivery of the final appraisal report is generally within 5 business days, but depends on when the appraiser can get access to view the assets. Our service commitment is to deliver the appraisal report within 2 days after viewing the assets.
Desktop Opinion of Value will be provided within 1 business day of receiving the asset listings and photos.
Q?
How do I pay for the appraisal?
A.
PYK requires full payment in advance prior to submitting our report. We accept company cheque, Interac e-transfer, Visa and Mastercard. Company cheques will be accepted at our discretion and the report may be withheld until funds are confirmed. VISA/Mastercard payments are processed on-site.