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BC assessments usually do not correctly represent your property value!
Manage episode 405401508 series 3514264
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In this episode, I will articulate what a BC Assessment is and how to figure out the true value of your home
I am Jessi Johnson, guiding you with 18 years of experience as a mortgage broker and realtor.
First off, BC assessments are expired calculations
They are calculated based on July 1st of the previous year so they can be upwards of an entire year outdated
A lot can happen in a short period of time when it comes to real estate property values, especially in Greater Vancouver!
You might be thinking, if I can't trust BC assessment correctly to assess the value of my property, how can I figure this out?
There are two solid methods:
#1 - Hire a local professional licensed property appraiser
#2 - Seek guidance from a local expert realtor
The appraiser will cost you $300 to $500, on average but you would generally only use this when it comes to getting a mortgage
If you like in Greater Vancouver, just call me and I will help you figure it out
Factors that affect your assessed value are...
Enjoy and subscribe for more!
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