Property Assessment Notices
One common question people have around property assessments is “Why is my assessed value so different from what property is selling for in the area?”
Your BC Assessment is an estimate of a property’s value as of July the year before. A real estate agent will use current information from recent sales in the area, usually data is no more than 6 months old. A difference of a few months can mean a difference of several thousands of dollars.
Your BC Assessment is an estimate of a property’s value as of July the year before. A real estate agent will use current information from recent sales in the area, usually data is no more than 6 months old. A difference of a few months can mean a difference of several thousands of dollars.
Title Insurance Can Protect You Too
Many home buyers will purchase title insurance because it was required by their mortgage company at the time of closing. Despite the fact that you may have paid for the title insurance, the policy will only cover your mortgage company if a defect is discovered once you become the registered owners.
Now there is title insurance available that will protect the homeowner. You can purchase title insurance to protect yourself when you first purchase your home or in some cases you can request to obtain insurance even if you have owned the home for several years.
Now there is title insurance available that will protect the homeowner. You can purchase title insurance to protect yourself when you first purchase your home or in some cases you can request to obtain insurance even if you have owned the home for several years.
