Unlock the essential insights on the critical difference between BC Assessment and your home’s true market value!
In our latest episode of The Real Deal Pod, Allister and Geoff delve into the nuances of BC Assessment and explain why understanding market value is crucial for homeowners. Learn how BC Assessment is calculated, its role in property taxes, and why it often doesn’t reflect the true value of your home. Discover the importance of a professional Comparative Market Analysis (CMA) to get an accurate picture of your property’s worth.
Key Takeaways:
BC Assessment is used primarily for taxation purposes and may not reflect your home’s true market value.
Market value is determined by a comprehensive analysis of various factors, including interior condition and current market trends.
A professional Comparative Market Analysis (CMA) from a trusted realtor is crucial for accurate pricing and successful home sales.
Understanding the difference between BC Assessment and market value can help you make informed decisions about your property.
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