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Prompt

Accurate. Competitive Pricing. Quality. Prompt. Introduction.

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Prompt

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  1. Accurate Competitive Pricing Quality Prompt

  2. Introduction • Otto & Company is composed of individuals whose educational background, professional experience and skills provide a service for all types of valuation assignments, and the firm is solely concerned with the valuation & analysis of real property. • Our continued success is based on maintaining the highest standards in the real estate appraisal and consulting field. To accomplish this, all our reports are prepared to conform with the requirements of the Canada Deposit Insurance Corp., and the Uniform Standards of Professional Appraisal Practice (Appraisal Institute of Canada).

  3. What is an Appraisal? • An appraisal is an impartial estimate or opinion of value, usually written, of an adequately described property, as of a specific date, and supported by the presentation and analysis of relevant data.

  4. What An Appraiser Does: • Current value of property being bought or sold • Future value of property being built • Value for mortgage or lending purposes • Value to assist in investment decisions • Value of property involved in a legal dispute • Value to properly measure capital gains and other taxes implications • Determine compensation when property is expropriated • Rent arbitration & Lease analysis • Consulting - feasibility studies, lease & rental rate analysis, and, Highest & Best Use studies. • Reserve fund studies • Expert witness for court testimony

  5. Our Appraisal Reports Include: • The estimate of value • The effective date of the appraisal • The certification and signature • The purpose of the appraisal • The qualifying conditions • Identification of neighborhood & trends • An identification of the property and its ownership • An analysis and interpretation of the data and the assumptions made • The processing of the data by one or more of the three approaches to value (Comparison, Income, Cost) • Other descriptive support material such as maps, plans, charts, photographs, obvious environmental concerns, etc.

  6. Types of Reports: • Narrative Report • Summary Style Report (short narrative, 35+ pages) • Restricted Style Report (short narrative, brief, bullet point analysis) • Form Reports (residential) • Confirmation of Value Letters • Consulting Reports • Condominium Reserve Fund Studies

  7. Our Main Service Area: Commercial Division Kitchener Industrial, Commercial, & Investment Properties Sarnia London Regional Offices

  8. Property Expertise:

  9. Special Use Properties: • Churches • Schools • Retirement Homes • Trailer Parks • Gas Stations • Golf Courses • Marinas • Development Lands

  10. Our Offices: London, Ontario 34-1615 N. Routledge Pk., London, Ontario N5Y 3H7 Phone: 519 432-2232 Sarnia, Ontario Phone: 519 337-3559 Kitchener, Ontario Phone: 519 772-0193

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