The answer is… yes.

Because it could be either!

The other answer is…your assessed value is very rarely a reflection of current market value, because it is already old information by the time you receive your notice.

In Alberta, the Municipal Government Act and the Regulations under the Act which are called Matters Relating to Assessment & Taxation (MRAT) set out how and when properties are assessed.

MRAT sets the “Valuation Date” in Alberta which is July 1st. You receive your assessment sometime during the month of January so the assessment is already six months old, and as we have seen in the City of Calgary, the real estate market stats can change a lot in six months, one way or the other!

The best way to get an idea of the current market value of a property is to ask your favourite REALTOR® to provide you with recent sales through the MLS® of homes which have features similar to the features of your home.

This shows the range of how much buyers have been willing to pay.

I hope this answers your question – if you have further questions or if you would like to know the current market value of your home I would be happy to help!

Send us your questions here: https://www.cbcompleterealestate.com/contact

Susanita

Welcome to the third edition of TRANSITIONS Magazine!

This publication is all about the COLOURS OF 2022! We take a deep dive into what’s hot and exciting like “Glidden’s Guacamole’ and “Bear’s Breezeway”.

Find colour pallets that will inspire you and tools to virtually “decorate” rooms in your home.

Of course you will also find links to trending real estate news and our popular “Ask Susanita” column!

Enjoy!

Featured Articles:

The Colour For 2022

2022 Design – Living Spaces

SCROLL THROUGH THE NOVEMBER 2021 TRANSITIONS ONLINE MAGAZINE

Holiday Decorating When Trying To Sell Your Home – Featured Blog Article!

Most Recent Real Estate Market Reports:

Market Continues to Favour the Seller in October – October 2021 Real Estate Statistics Report

Sales remain strong in September – September 2021 Real Estate Statistics Report

Market continues shift toward more balanced conditions after torrid start to the year – August 2021 Real Estate Statistics Report

Ask Susanita!

Is My Assessment Lower or Higher Than Market Value?

If you or someone you know has any real estate questions, we’d love to help!

Contact us here: https://www.cbcompleterealestate.com/contact

OR

Phone: 403-686-1455

Email: info@cbcalgary.ca

Thanks for reading!

Summer’s over, the kids are back in school and now it’s November and you’ve finally made the decision to sell your home. You have been waiting for just the right time but now you realize that there will most likely be showings around the holidays and you’re wondering how far to go with decorating. No matter what holiday you are celebrating, it is family time and you should continue to celebrate with your traditions.

Here are a few tips on how to keep the spirit alive, but not to appear like you are months away from packing up and moving out:

• Keep the decorating to a minimum. You can go crazy next year in your new home!
• If your space is small, and you put up a tree, try to find a smaller one this year. Some trees can take over the whole room. You want to show how spacious the room is. You may consider moving out a piece of furniture to make room.
• If you do like to put up decorations around the house, replace your everyday ones with holiday ones. Don’t add more!
• Cooking smells. Only if they are good ones! Otherwise, try to make those cabbage rolls on days where there aren’t any scheduled showings. (I think they smell great, but not every- one does!)
• Always remember to keep your home tidy and as clutter free as possible. Buyers are not looking at your furniture or decorations, but if they can’t picture their own possessions in there because of clutter, they will have a hard time falling in love with your home.
• Keep it warm! You want Buyers to feel cozy during these colder months.
• You may want to consider hiring a Stager to help with decorating ideas (our business directory has some staging company recommendations)

Selling, buying and moving can be very stressful at any time of year. Hiring professional help can take some of the stress off and we recommend that if you can, you should consider it.

The most important thing to remember, is to keep as much of your routine as possible to make it a pleasant final holiday in this home and look forward to a new one in your new home next year!

Happy Holidays everyone!

Marietta Maier