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Professional Market Values

What determines the market value of a property?

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Professional Market Values

What determines the market value of a property?

  • Location 
  • Age
  • Condition
  • Style of the Build
  • Curb Appeal
  • Size of the property (land)
  • Size of the home, condo or townhouse
  • Number of Bedrooms
  • Number of Bathrooms
  • Is there a den 
  • Is there a recreational room
  • Where any renovations done inside/outside
  • Who completed the renovations and were permits taken out
  • Are there unauthorized suites 
  • Does it have a legal suite
  • Are there renters
  • Is there a pool
  • Is there a view - if so a view of what and how much of a view
  • Strata Properties  (Townhouse or Condo) - in addition to the above;
    • What are the maintenance fees
    • Any updates; roof, pipping, elevators, garage membrane, balconies etc
    • Have there been any recent assessments - if so, for what and how much
    • Are there any restrictions
    • Are there depreciation reports 
    • Are there any open permits with the specific municipality
    • If there were renos, did the sellers notify the Strata in writing for approval
    • If bare land strata - 
    • Is this leased land - how much of the lease is left
    • Does the listing realtor have all of the strata documents available
    • What are the amenities
    • Is there a rentable suite for owners
    • What are the restrictions
    • Is there parking - is so, how many spaces are there - are the limited common or common property
    • Is there a storage unit - if so what size - metal or wood - are the limited common or common property

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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.