When we moved from the Greater Vancouver area 3 years ago, Ken MacAulay handled the purchase of our house with the professionalism we have now found to be his style. When the decision was made to make “the move” again, there was no question who’s hands we were putting the responsibility in for selling and relocation. Ken’s experience got us the selling price we needed and the purchase of our new place was seamless. His extensive list of contacts has allowed the quick, efficient and cost effective renos we required to move in. We have and will continue to recommend Ken.
Ken is the ultimate professional who is always kind to his clients but equally so to the other party to the transaction as well. He works hard every day and keeps the transaction process stress free for his clients. Ken understands the Calgary market and is realistic about outcomes and communicates his advice effectively. There is no detail that Ken overlooks from a Seller’s perspective. He will showcase the assets of your house with amazing photography as he understands what sells a home. A true and fair advocate for his clients’ interests.
According to the Business Dictionary, True Value is defined as “Amount that a buyer is willing to pay for an item. It changes from time to time and from place to place”
Over the past few days, I have been asked this question .”What is the True Value of this property “& always elude to the above statement? Where we get lost in translation sometimes ifs the difference between True Value vs Replacement Value vs. Actual Value.
The Replacement Value of a home is what your insurer would want to know & sometimes the Insurance company will most likely send out an appraiser to do just that. Determine what it would cost to replace your home if need be.
Now the Actual Value of a home by my estimates is based on the most recent sales in that community of the closest comparable Sold within the past 90,180 days depending on the community & the price point of the homes within that community. So I would compare, square footage, upgrades, location, etc so I am comparing apples -apples so I would make adjustments to get the closet comparable.
Then we get back to True Value, The Amount that a buyer is willing to pay for that particular Home at that particular time.
Our job as Realtors@ is to get a Buyer & a Seller to come together & negotiate the SOLD Price that is acceptable to both Buyer & Seller.
Since 2014 we have been in a Buyers Market so they usually have the most leverage when it comes to the transaction. I can slowly see that changing over the next 12-18 months depending on “the confidence in our Alberta Economy ”
What will also change is the relaxation in the so-called “Stress Test ” which is due when the next Federal budget comes down in April