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Property Types · Surrey

Condo & Apartment Appraisals in Surrey

How condo and apartment appraisals work in Surrey — status certificate review, comparable selection within building, and special assessments.

5 min read

Condo and apartment appraisals in Surrey rely on in-building

Condo and apartment appraisals in Surrey rely on in-building and same-building-line comparables where possible. Building age, amenities, and view lines drive intra-building spread more than square footage alone.

Status certificate (or condo document package) review is…

Status certificate (or condo document package) review is part of the scope. Reserve fund status, special assessments, and pending litigation all affect market value and lender appetite.

Typical Surrey scope

Typical Surrey scope: interior inspection of the unit, review of building common areas, three to six comparable sales, and reconciliation. Turnaround is generally 3–7 business days where the status certificate is available on order.

Common Surrey scenarios

Common Surrey scenarios: Newer 2-storey detached in a builder subdivision — refinance or purchase mortgage in Surrey.

If the building has an open special assessment or

If the building has an open special assessment or a recent large repair vote, share the documentation on order — it will otherwise appear as a value adjustment or a scope limitation in the report.

This article is general information for Surrey readers and is not legal, tax, lending, or appraisal advice. Confirm specifics with a qualified professional before relying on any appraisal report or value conclusion.
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