"How Much Is My House Worth?" Get A Free Home Evaluation In The fraser valley
If you’re wondering how much your house is worth in today’s real estate market in The Fraser Valley, you’re not alone. Whether you’re thinking about selling soon or just curious about your home’s current value, our free home evaluation gives you expert insight based on real-time market data and local experience. Get a personalized estimate and find out what your property could sell for — no cost, no obligation.
5 Reasons to get a
complimentary home evaluation
Understand Your Home’s Market Value
A home evaluation provides a current market value based on comparable sales and market trends. Knowing this is crucial if you're considering selling, refinancing, or just want to stay informed about your investment.
Plan for Future Renovations
Knowing your home’s value can guide you in deciding which renovations will maximize your return on investment. An evaluation highlights areas where updates could significantly boost your property’s appeal and value.
Prepare for Selling Your Home
If you're thinking about selling, an evaluation helps you set a realistic asking price. This ensures you attract buyers while maximizing your profits, avoiding the pitfalls of overpricing or underpricing.
Refinancing or Equity Access
If you’re considering refinancing your mortgage or tapping into your home equity for other financial needs, an evaluation is the first step in understanding what you qualify for.
Stay Informed About Market Changes
The real estate market is always changing. Regular evaluations help you stay up-to-date on how market conditions, neighborhood developments, and other factors impact your home’s value.
An Example Home Evaluation
“Hi Sarah,
It was great meeting and getting to chat with you on Wednesday. Above is a video breakdown of the market evaluation I performed on your Mom’s property based on similar sold homes in the neighbourhood. Bear in mind, this is a rough estimate as I haven’t seen inside the home but it’s a good start.
Feel free to reach out in the future if you have any questions, or would like me to stop by the home to get a tighter evaluation range!”
Market Evaluation
There are three different methods used to help determine the approximate value in today’s market.
Increase in the market since purchase
Since your purchase in 2019, the average sale price of detaches homes in Abbotsford have gone up 63%.
You purchased it in 2013 for $835,000.
$835,000 + 63% = $1,361,050
Average sale price vs. assessed value
For comparable listings sold in your area, the average sale price was 5.25% less than the 2022 BC Assessment.
Your 2022 assessment is $1,324,000.
$1,324,000 – 5.25% = $1,393,510 (Single Family Home)
Listings from the previous 6 months were used to find adequate sale comparisons. We’ve made market adjustments for each listing.
Average sale price of sold comparisons
Lastly, we look at the average sale price of similar listings. Again, sales from the previous 6 months were used to have enough accurate data. Adjustments were made as needed depending on the month they sold.
The average sale price of those homes with adjustments is $1,425,000
Average of all three methods
Based on the average of those three evaluations the market position for your property right now is roughly $1,393,187.
However, we do believe your home would be more accurately listed (today) between $1,375,000 – $1,425,000.