Evan Chowdhury Real Estate
4717 Wellington H4G1X2 Montreal, QC, Canada

When I look out the window , all I see are investment opportunities!

Have you been hearing about the housing bubble all over the news? Wondered what it really means? Let me explain! Housing bubbles come from what’s called speculation. Speculation is when investors buy something expecting to make money off the fact that its price will most likely rise in the future. The problem with speculation is that, almost like a self-fulfilling prophecy, it creates its own demand. As speculators buy up more houses to make money from price increases, they a...ctually push up the price of houses by increasing the demand. And what happens when the price goes up? More speculators want in, and the cycle continues. At some point, the bubble has to pop. The increasing price reaches a tipping point where it becomes unsustainable, perhaps the economy starts to slow and lots of people find it hard to repay their massive mortgages, or perhaps interest rates start to rise making the debt harder to repay. Whatever it is, when it turns, the cycle happens in reverse where investors start to pull out, decreasing demand and pushing down prices. The decrease in prices scares off potential buyers, and current investors try to sell as they expect prices to continue to go down, which only pushes down prices even more. House prices rapidly decline, and the bubble bursts. Housing bubbles can cause major problems in the economy. They create instability not just in the housing market, but can lead to huge financial crisis as loans turn bad and people can’t repay. As banks try to take back their money, thousands, even hundreds of thousands of people, can be kicked out of their homes.

The real estate market is getting hotter and hotter here in Quebec. Now is prime time to invest if you want to grab a piece of the action. Don't wait until Quebec becomes like Ontario. You don't want to be in a position bidding half a million over asking to stand a chance!

1. Using an online comparative valuation tool: With the use of an effective valuation tool, you will get a fair estimate of the property’s market value. They will not have any biased results and provides near accurate value. You must ensure that you enter all the upgradations to your property after your ownership as these factors will have a huge impact on the value of the property. They make use of public records such as ownership details, property transfers, tax valuations... and blend them with unique calculations to provide the exact value. 2. Perform a relative market analysis on the property (CMA). This is a process of comparing your property to similar properties to develop a mathematical breakup. It includes the worth of your property, relative to neighbouring properties with similar features. This process is very important to know the right price in the current market conditions. 3.Property appraiser for performing an appraisal of the property: If you have an expert property appraiser, it will largely benefit you. The property appraisal report from them will have a huge impact on sales. You can get an exact value by using the services of more than one appraiser. Later, you can take the average of those values to get the perfect rounded figure. As a property owner, you can use the services of an appraiser at any time of the year. 4. Research of surrounding similar properties: Find the lately sold properties in the neighbouring area that are alike to your properties in overall size, square feet, conditions, and other features. Sum up the final sale cost of every property and then divide them by the total number of properties to know the average selling price. To know the average per square feet value, divide the average sale price to the average square footage of the property. You can get your property value by multiplying this average price with the total square feet of your property. 5. Know the tax assessment: Visit your local taxing firm and get the property tax assessment for your house. You can also assess by knowing the rate of taxation by knowing the property value percentage and dividing them by tax rates. This will help you to know the exact tax value for your property. Overall, determining the accurate property value will allow you to analyze your total budget and also get the perfect value for your property.

When I call a Duproprio client: I noticed the for sale by owner sign in front of your house. I too like to live dangerously. Got 5min for a quick chat?

Market value is what is the cost of the property under present conditions. It is affected if the party is under pressure to finish the process due to factors like family issues or relocation. It requires analysis of many influencing factors but it will save you loads of money if you apply the correct approach. The exact value of any property is dependent on the detailed process of considering impactful players in the process. In a property sale, sellers will have a proposed ...value and try to find buyers who are in the same estimates. Also, the buyers will vary and press down the prices depending on their research and market value analysis. This complete process is never constant and varies according to market ongoings. Many factors influence the price of the property irrespective of changing market conditions. Below are the factors that will influence your home's market value, including: External features: Property condition, portion size, Trends of a particular type of architecture, drainage systems, pavements, surrounding environments, etc. Internal features: Property construction quality, present condition of the property, utilization of energy, number of rooms, etc. Demand: The total quantity of properties for sale and the number of buyers also influence the rate of property in a particular area. Location: There would be an already established market value for a particular location that will influence the total sale.