BC Assessment vs. Market Value

BC Assessment vs. Market Value

Property Assessments vs. Market Value

 

Do not rely on your BC assessment for a fair market value of your property.

The ‘assessed’ value was determined last July, your local market may have changed since then.

 

Do not rely entirely on a buyer’s opinion or a seller’s opinion in a private transaction to determine fair market value.

 

Do not rely entirely on your neighbours’, friends’, or family members’ opinions for fair market value.

 

Do consider ordering a marketing appraisal, but do not rely on it 100%… OK maybe 98% on this one though.

 

Do consider an evaluation by an experienced, active, local Realtor or two, or three. These opinions mixed with a marketing appraisal are the best indicator(s) of a fair market value.

 

Ignore general media opinions, and ignore opinions of armchair experts. Always speak with people who have their feet on the ground and their heads in the game – the real experts.

For a longer read on this topic, click here.

 

Thank you

Dustan Woodhouse

 

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