Unlocking Property Ownership: What you need to know

by John Cooper

Fact: If you own a home in Canada, you don't actually own the land. Put simply, you own the bundle of rights attached to that land, as long as you continue to pay your taxes. Accurately determining a property's value requires an understanding of these rights. These rights are determined by the zoning and any other legal instruments registered on the title. We then use one of 3 valuation models to determine value. The Comparative Market Approach is used when evaluating residential real estate. If you are looking for an accurate valuation of your property, and live in the Nanaimo region, I can help. Reach out and book an appointment to receive a Free Property Valuation Report.

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