Archives des properties for sale - Courtier Immobilier Montréal Yanick E Sarrazin https://yanicksarrazin.com/en/immobilier/tag/properties-for-sale/ Plateau Mont-Royal, Outremont, Rosemont La-Petite-Patrie, Mile-End, Ville Marie Fri, 25 Apr 2025 19:22:39 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 https://yanicksarrazin.com/wp-content/uploads/2020/11/77174542_2673133149440852_8670214071997431808_n-60x60.png Archives des properties for sale - Courtier Immobilier Montréal Yanick E Sarrazin https://yanicksarrazin.com/en/immobilier/tag/properties-for-sale/ 32 32 Real estate: 3 reasons of buying a home in the summer https://yanicksarrazin.com/en/immobilier/buyer-information/real-estate-3-reasons-of-buying-a-home-in-the-summer/ Thu, 22 Jun 2023 14:19:05 +0000 https://yanicksarrazin.com/?p=42487 Real estate: 3 reasons of buying a home in the summer – Key information Whether it’s your first experience or a common practice, buying real estate is often an event that can lead to a lot of worries and uncertainties. Many questions can arise such as: what is the best season to buy? This recurring […]

L’article Real estate: 3 reasons of buying a home in the summer est apparu en premier sur Courtier Immobilier Montréal Yanick E Sarrazin.

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Real estate: 3 reasons of buying a home in the summer - Key information

Whether it’s your first experience or a common practice, buying real estate is often an event that can lead to a lot of worries and uncertainties. Many questions can arise such as: what is the best season to buy? This recurring question is difficult to answer because each season has its advantages and disadvantages.

Our real estate brokers in Montreal help you demystify the issue by presenting you the main advantages of buying a property during the summer season.

Montréal l'été - Immobilier Montréal

Summer is the low real estate season

A real estate myth is that summer is the high real estate season, but this is false. The real estate market is more active in the fall, as well as in the winter. The high season starts in mid-September and ends in June. As summer is short in Quebec, people prefer to take full advantage of it and start looking for properties towards the end of the summer season.

This then represents a notable advantage of looking for a property during the summer, because if there are fewer potential buyers on the market, then better will be your chance to acquire the desired property at a better price. In fact, there would be less competition between buyers and opportunities for outbidding. You will have more choice in the inventory of available properties.

Inspection is facilitated

You found the property of your dreams. Accompanied by your real estate broker, you made an offer on the property and it was accepted. In the promise to purchase, the purchase of the property is conditional on an inspection. It’s the inspection clause that says the buyer must have the building inspected. During this inspection with a building inspector, your real estate broker can detect worrisome elements on the property or highlight major issues that were not listed on the seller’s declaration form. The pre-purchase inspection allows you to protect yourself as a buyer before making the big leap in buying your property.

Between the different seasons, summer remains the period that buyers prefer to inspect a property. With warmer temperatures and increased visibility: the advantages are numerous.

Additional visibility

Whether for a house, an income building or even a condo, the exterior structure of the property is an important parameter to consider when inspecting. A major benefit of summer is that there are fewer things that can affect visibility, such as snow or ice in winter. Accessibility is also limited. In winter, it can be difficult or impossible to access balconies, terraces and the roof. The inspection of the roof, as well as of the ground are then greatly facilitated in summer.

Better accessibility

During a summer inspection, the inspector then has a better accessibility outside the property and can then examine it accurately. For example, by earthworks, the building inspector will assess the risk of water damage. The flow of water can be checked by the slopes of the land. 

Any associated structure, such as a pool, must also be inspected for stability. This accessibility is promoted in the summer.

Access to foundations

The foundation review is an important step in the inspection as a foundation represents the foundation of the building. Due to the better visibility of the building’s construction in the summer, it is also easier to access its foundations and evaluate their resistance.

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The move goes smoothly

A considerable advantage of buying in summer is to move in ideal climatic conditions. In winter, the move can be accompanied by snow storms, ice storms and heavy ice falls. It is then necessary to use waterproof protections to protect objects. In summer, warmer temperatures can help move with greater ease and cause less nervousness. The days are longer and allow to make the move without worries before nightfall. 

Summer often rhymes with long school holidays. The move in summer also allows families with school-aged children to change neighborhoods without disrupting their school year. If the children change schools, they will have the summer to familiarize themselves with their new neighborhood and meet new friends.

Moving in the summer also means taking advantage of the summer holidays to rest once the property is installed, for the happiness of the children, but also that of the parents.

As observed above, the advantages of buying a property in summer are numerous. The low real estate season will allow you to put all the chances on your side in order to distinguish yourself from the competition and acquire the dream property. Once the property is found and the offer to purchase is made, the summer inspection with your real estate broker and the building inspector will be facilitated. Finally, the move during the summer period will be all the more pleasant with the bad winter weather conditions.

Do you want to purchase a property? Contact one of our real estate brokers.

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L’article Real estate: 3 reasons of buying a home in the summer est apparu en premier sur Courtier Immobilier Montréal Yanick E Sarrazin.

]]> Understanding the difference between municipal assessment and market value https://yanicksarrazin.com/en/immobilier/properties-for-sell/understanding-the-difference-between-municipal-assessment-and-market-value/ Thu, 04 May 2023 18:00:30 +0000 https://yanicksarrazin.com/?p=40772 When buying or selling a property, one of the first questions that arises is the selling price of the property. Whether you are a seller or a buyer, there are certain concerns that arise. As a seller, you want to make sure that your home is going to be sold at its fair value based […]

L’article Understanding the difference between municipal assessment and market value est apparu en premier sur Courtier Immobilier Montréal Yanick E Sarrazin.

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When buying or selling a property, one of the first questions that arises is the selling price of the property.

Whether you are a seller or a buyer, there are certain concerns that arise. As a seller, you want to make sure that your home is going to be sold at its fair value based on certain factors. As a buyer, the questions are similar, we want to make sure we pay the right amount without having to pay the extra dollar.

Many buyers and sellers tend to rely on the municipal evaluation to determine the value of a property. Is this the best way to establish the price of a property for sale or for purchase?

Our real estate brokers will try to answer this question in this article.

The distinction between municipal assessment and market value

What is a municipal assessment and how is it calculated ?

As the name implies, a municipal assessment is an estimate of the value of a property made by the municipality in which the property is located, such as the City of Montreal. This assessment is used for the purpose of calculating property taxes and is carried out by certified appraisers, who use public data as well as information from the owners to determine the value of a property.

It is important to note that assessors do not visit every property in a municipality. They use quantitative data and several advanced software programs to perform their evaluations. As a general rule, the value will be calculated in blocks of comparable homes, which means that the price of the property will be estimated based on similar properties in the area. Among the hundreds of factors used by these appraisers are: location, type of property, lot size, living area of the property, year of construction, number of bedrooms and bathrooms, presence of a finished basement and many others.

However, despite the fact that this evaluation is done by professionals in the field, it represents a rough estimate rather than a sure value.

Above all, it is important to know that the municipal assessment is valid as of July 1st, 18 months before the city’s assessment roll comes into effect, and is only reproduced every 3 years.

Thus, it represents a past value and is not current information in the real estate market, which is in constant movement. For example, disruptive factors such as rising property prices, rising interest rates or the onset of a global pandemic can affect the value of this assessment.

The municipal assessment is therefore not the benchmark for setting a sale price for a property, such as a house, an income property or a condominium. As mentioned earlier, its primary use is to calculate the property taxes that owners will have to pay.

Generally speaking, the municipal assessment is lower than the market value. That said, if a property owner feels that their municipal assessment is too high, they can apply for a review within a specified time frame.

So how do you deduct the value of a property? What assessment should you rely on to determine its fair price?

Market value : definitions and factors that influence it

Market value is the most probable price that can be obtained for the sale of a specific property on a specific date, in the context of the current real estate market.

A market value appraisal is performed by licensed appraisers. Our real estate brokers  will conduct a similar market study to determine a selling price based on an estimated market value.

Unlike the municipal evaluation which is done as a mass evaluation in a given area, the market value takes into consideration all aspects of the home, such as its location, condition, size and unique features. The principle of market value therefore guarantees the visit of the property and allows to highlight the improvements and renovations made in the property to estimate the price.

It also takes into account the current trends and constantly fluctuates according to the supply and demand of the real estate market.

The appraiser will also compare the property to other similar properties and to recent sales in the area in order to get a fair approximation of the property’s market value.

Finally, the most important thing to remember about market value is that it takes into account the realities of the current real estate market, unlike the municipal evaluation, which tends to represent a past and inaccurate value, and is therefore not a reliable indicator for setting the sale price of a property.

Using market value to sell your property

The market value, because of its precision of place and time, appears as the most reliable indicator to know the value of your property. Requesting an estimate from a professional can therefore be useful to get an idea of what you could get for your property on the market, if you decide to sell it.

In conclusion, municipal assessment and market value are two different terms that have important implications for homeowners. Understanding the difference between the two can help you make informed financial decisions about your property.

Any questions about municipal assessment or market value ? Contact one of our real estate brokers to find out more.

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L’article Understanding the difference between municipal assessment and market value est apparu en premier sur Courtier Immobilier Montréal Yanick E Sarrazin.

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