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Deep Cove Real Estate Up again!

Blog by Patricia Houlihan - Personal Real Estate Corporation | January 3rd, 2008

Well the BC Assessments are out and, as has been happening for the past many years, the assessed values are up.....It seems to me that too many people are discovering the joys of the Cove!  While an increase in the assessed values usually means that the market values are up, don't assume that.  In the past 2 years, I have had 2 clients call me because they thought their assessments were too high.  In both cases, I evaluated their homes, prepared a report for them and they successfully appealled their assessments-the assessments were in fact too high! However, in most cases, the assessed values are quite low compared to what the actual selling price would be....so if you are thinking of selling, definitely do not rely on what the property is assessed at! And if you are thinking of buying, definitely don't count on getting the property for its assessed value-at least not if it is in Deep Cove or other areas of the Lower Mainland! If you have any questions on how the assessment process works or if you would like to know the market value of your home, please contact me by phone or email....