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Appraisal Group (Inc)

5620 Finch Av E
Toronto, ON M1B 6A6

(416) 444-0454

Rating: 1 out of 5 stars (2 reviews)
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Appraisal Group Inc offers these services: building, appraiser.
by ourbis on August 14, 2013 from ourbis


Absolutely terrible.: In 2011, I hired Appraisal Group Inc. (AGI) for getting report regarding the market value of 2 commercial buildings. I paid them $6K for the appraisal of 2 buildings. I needed the report for the court. I received absolutely messy report which has a legal description of one building but pictures of both of them. The price shown in the report was approximately 40% less than market value. These 2 buildings are located in Toronto on one of the main street but AGI report compares them with similar buildings in Oshawa, Burlington, etc. The report seriously damaged my court case and allowed opposing side hiding $1 million of equity. SCAM!
Rated 1 stars by bore on March 11, 2013
This Company is a Scam: We were recommended to this company by RBC to appraise the property we were purchasing. The Real Estate agent sent the company the wrong purchase sale price. The appraiser then basically just copied the purchase sale price as his own appraisal even though the MPAC value was 50,000 more. Comparables in the area were also going for alot more per square footage at $110-175/square foot. He appriased ours at 106/sq foot so that it would match with the incorrect purchase price which was sent to him which was $15,000 less than what we actually purchased it for.<br/><br/>He knew he made a mistake, he even asked the Real estate agent how we got the property for so cheap, not knowing it was actually $15,000 less than what we actually paid.<br/><br/>We tried to contact the appraiser to tell him he had the wrong purchase sale price, and he never returned our messages. He probably didn't want to change anything since it would make it look like he copied everything and didn't really do an accurate appraisal.<br/><br/>Never use this company! They are scammers!
Rated 1 stars by SS on August 18, 2010

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