Whether you are a home owner, first-time buyer, seller, or an experienced investor - here you will be able to find valuable and useful Real Estate information, such as market status and trends, home improvement tips, listings, and much much more. So please check back constantly for updated information that could benefit YOU!
Countless Canadians diligently check the stock market every day - on TV, online and in print - but fail to that stock of an even weightier investment:their own home. Are you among the 95% of Canadian homeowners who are unaware of the market value of their homes?
A Comparative Market Analysis (CMA) provided by a real estate professional can bring you up to speed. As the name suggests, a CMA compares your house with similar ones on the market in your neighbourhood during a specified time period. This data, combined with the value of upgrades, will give you an accurate picture of your homes worth. Remember, however, that your personalized CMA is a "snapshot" captured in time, while the real estate market constantly fluctuates; therefore, it's a good idea to obtain a new one each year.
The CMA is the only market-based means of measuring value. When buying, selling or refinancing, a CMA is essential in setting prive and in choosing advantageous timing. Still, there are numerous other reasons to run a CMA - to obtain a realistic picture of your net worth, to provide adequate replacement insurance, or to leverage your equity.