Day: June 27, 2016

This week I’m going to give you three tips that will give you the tools to value any property in Ottawa.

1. Compare your property to sold properties. If you look at homes that are currently on the market the price you see is the price that the seller wants for their home, which is not necessarily what the home s actually worth.
2. Know the value of the differences in your home – granite, hardwood, a finished basement etc..  You need to figure out what these features are worth to todays buyer. Look at all those differences, figure out what they’re worth to today’s buyer and then add or subtract the differences from the house in question and other comparable sold properties.
3. Know the market conditions of your specific kind of property in your specific area. In Ottawa for example, townhouses, condos and single family homes all act differently in the market. Also homes in Orleans for example, operate a completely different market than homes in Barrhaven or Kanata and will therefore act differently.

So there you have it guys, follow these three easy steps and you can know the value of any property.

Stay tuned for more info and as always please like, comment and share if you’ve found this helpful!