Not necessarily. Your BC Assessment estimates your property’s market value as of July 1 of the previous year. The market can change between that date and when you decide to sell. Your home could sell for more or less than its assessed value. I’d use recent comparable sales to help estimate what buyers would pay now.
It can give you a starting point, but I wouldn’t base your selling plans on that number alone. An online estimate may not account for your home’s current condition, improvements, or features that affect its appeal. It may also compare your property with homes that aren’t a close match. I’d want to see your home and check which homes the estimate is comparing yours with before recommending a price.
That sale could be useful, especially if the homes are similar and it sold recently. But being on the same street doesn’t make two homes worth the same amount.
Layout, size, condition, lot, parking, and location within the neighbourhood can all make a difference. I’ll explain how those differences affect the comparison with your home.
They can, but the amount you spent isn’t necessarily the amount they add to your sale price. An updated kitchen or bathroom can appeal to buyers. How much it contributes depends on the quality of the work, the rest of your home, and what buyers expect in your price range.
I start with a visit so I can see your home’s condition, layout, and features. Then I compare it with similar homes that have recently sold and explain the differences. I also look at competing listings to see where your home would fit among the choices buyers have. We’ll go through that information together. You’ll understand the price range I recommend and the reasons behind it. It’s an estimate, rather than a guaranteed sale price.
Call me for your free home evaluation. I’ll explain what similar homes have sold for and where I’d price yours in the current market.
You don’t have to be ready to list. If you’re considering a move, knowing what your home could sell for helps you work out your options.
