12 Jan 2017

Abbotsford Farms: House & Acreage & Hobby Farms

abbotsford blueberry farms

When people are looking to live in a gorgeous area surrounded by mountains and also where there are plenty of blueberry farms, large farms of other sorts, rural residential properties, and even several horse/equestrian properties, then people think of Abbotsford.

 

Truly it is a wonderful place to live. Many people do think of Vancouver, but it is so densely populated, so it is refreshing to get away from the overload of all the hustle and bustle that exists in Vancouver on a daily basis. That is why many people choose to own blueberry farms, bare farmland, and various other types of commercial farms with or without homes on the property in the Abbotsford area.

abbotsford barns

Abbotsford is so peaceful and serene. To see, the beautiful countryside, a person can even hire someone to give them a guided tour of the area if they happen to be visiting the area. It is interesting to take a local farm tour of the various farms and other agricultural businesses in the area.

 

It is so good to see that Abbotsford has such fertile land and that it produces wonderful strawberries, amazing corn, and bountiful blueberries, along with many other types of vegetables. There are fields and fields as far as your eyes can behold. And the effect is absolutely breathtakingly beautiful with the backdrop of the splendid mountains against a pristine blue sky. Therefore it is no wonder that people seek their own house and acreage properties in the Abbotsford area.

 

Blueberry Junction is a booming blueberry farm that has been in the family for many generations. The family who owns it appreciates being able to carry on the blueberry farming heritage. Though Blueberry Junction does not make any claims to be completely organic, it is proud to do its best to limit the amount of pesticides that are used.

Abbotsford bare land farm

If you would like to visit Gelderman Farms Ltd., there you will find some friendly folks who are happy to welcome you to the site. They are the proud sellers of pork that is not treated with antibiotics, sweet and luscious blueberries and compost.

 

Usually one thinks of a dairy as home to many cows. But Goat’s Pride Dairy is a nice surprise in the Abbotsford area and offers tasty goat’s milk, goat yogurt, and goat cheese which are utterly tasty and truly delightful. Also, you can embark on the adventure of trying some different types of water buffalo cheese.

abbotsford blueberry producing farm

These are not the only commercial farms open to the public. There are several others as well. Abbotsford offers a down home feel and makes everyone feel welcome. It is no wonder when you are touring Abbotsford that you get a desire to pack your belongings and move to this area to start your own hobby farm.

 

pervinder khangura @homeZfinder

11 Jan 2017

Abbotsford Blueberry and Hobby Farm Properties

blueberry farm for sale in abbotsford

Blueberry Agri-business & Hobby farms Abbotsford bc

 

Abbotsford is a beautiful place with a wide assortment of large farms, blueberry farms, horse/equestrian properties and even has many lovely rural residential properties that are breathtaking, stately and utterly charming. There are various styles and sizes to suit the taste of pretty much anyone who loves the country lifestyle.

 

For instance, some folks enjoy country living and running a dog kennel on almost three acres of land. Their property is surrounded with outstanding mountain views and neighboring huge farm fields of hay, corn, and blueberries. In fact, there seem to be several farms and homes for sale in the Abbotsford area that offer house and acreage properties that are very conducive to agri business for those who like to pursue such endeavors.

 

hobby farms

 

A hobby farm offering a large family home and a shop that has about 1,400 square feet of space and that boasts large 10 foot doors may be very alluring to some buyers who are looking for such a welcoming property in the Abbotsford area. Do note that it seems to be a trend that not all reality sites list the address of the properties in Abbotsford in order to protect the well-being of the properties. But serious buyers can get more information by contacting the one who listed the property for sale.

acreage for sale in abbotsford bc

 

 

 

Buyers will be pleased to know that many properties that are for sale or that are operating have taken the necessary precautions to make sure that the properties are legally zoned. That means there should be no problem for folks running large farms of various sorts because they are cooperating with the laws set forth for their areas.

 

 

blueberry farm abbotsford

 

 

Some homes and acreage properties can be well into the millions of dollars. For example, there is a property that is priced at over 8 million dollars. This property is a majestic place tucked away in a dreamland all its own. It is a mountain country estate in the valley area. This is truly an exquisite property that offers everything to the top of the line buyer that just has to have everything.

 

 

lush green farm in abbotsford

You may wonder what such an amazing place includes. Well, this over 8 million dollar property first welcomes you with a large and high walled fence and massive gates. There are lush greenery and rolling green lawns that give a sense of luxury and serenity at the same time. The home itself provides over 15,000 square feet of living space, which does not include the indoor swimming pool or the indoor hockey rink. The home is made of top of the line materials and boasts stately architectural details both inside and outside.

 

abbotsford homes for sale

 

Additionally, the home offers an outdoor swimming pool that is luxurious with the outdoor waterfall. There is an amazing deluxe barn that provides four birthing stalls. There is a riding ring, a paddock and a massive studio as well and so much more. The acreage is massive.

 

 

big house in abbotsford bc

 

As you can see, there are many types of possibilities for farms in the Abbotsford region, including commercial farms with or without homes. This area indeed fits the lifestyle for those who love country living and various types of farming.

 

Pervinder Khangura  @ homeZfinder

10 Jan 2017

Abbotsford New Homes For Sale

 

There are many lovely Abbotsford homes for sale, so anyone moving to Abbotsford because of getting transferred for a new job position should be able to find a style of home that they like within their price point.

 

Abbotsford is situated within the region of the Fraser Valley of the province of British Columbia in the nation of Canada. This city is not far from Greater Vancouver. In fact, the city of Abbotsford lies adjacent to it.

 

The population is estimated to be 133, 487. This city is the largest one in the Fraser Valley area and is the fifth largest one of the entire province of British Columbia. Because it is such a large size, it only stands to reason that there would be a lot of lovely homes in this city, which is great for the choices among what Abbotsford real estate has to offer to potential buyers.

 

For those who are considering Abbotsford homes, but who have family members who live in the United States, it is very convenient that Abbotsford borders Sumas, Washington. This indeed makes it easy to travel across the border to see family members.

 

It is so exquisite to live in this desirable city with the picturesque mountain views. And the homes are quite reasonably priced in the mid three hundred thousands to mid four hundred thousands when homes in Vancouver of the same type seem to go for up to as much as over a million dollars.

 

For those families with college age children, the city is home to the University of Fraser Valley as a good option if the children do not want to be far from home to pursue their studies.

 

There are many things to do in this interesting and lively, bustling city. Castle Fun Park is a great place for the whole family. Even moms and dads will have fun participating in playing mini golf, driving the go carts and spending some time in the batting cages, etc. The prices are affordable and there are many activities suited to all ages. The Abbotsford International Airport is proud to be able to present the fantastic, interesting Abbotsford International Airshow each year.

 

Downtown Abbotsford, of course, is the business district. And it also offers lots of interesting shops and cafés to explore. You can find both traditional cuisine and various types of ethnic cuisines. Enjoy one of the bakeries with the scent of fresh bread baking. Get some delicious, fresh bakery bread to eat in your new home.

 

There are many schools to choose from to send your children to, so you don’t have to wonder if there is good school accessibility. There are many extracurricular programs for the students to participate in, such as sports, art and more.

 

09 Jan 2017

Abbotsford is one of the best city to live in B.C

 

Abbotsford city in the country

 

 

 

Abbotsford is one of the fastest growing city in Canada in Fraser valley region of British Columbia about 50 km from Vancouver with approx 133,000 people as of 2011 census. Abbotsford city comprises majority of English population of 86,660 about 65% followed by Punjabi 24,660 about 18.71% and various other mixed ethnicities.

 

Abbotsford connects well with Vancouver via road and through railway from city of Mission 15 mins drive from Abbotsford. Rail called West coast express connects to Vancouver. About 62% people living here work here. Most of the remaining 38% commute to Mission, Chilliwack or Vancouver and its suburbs Surrey and Langley. More than 25% of Abbotsford’s workforce commutes to Abbotsford from other municipalities.

abbotsford best city in bc to live

Abbotsford has about 95 churches, 3 Sikh temples and a Hindu temple. Abbotsford has the oldest Gurudwara built in 1911 in north America and now it’s a national historic site aged over 100 years old.

 

Abbotsford is big on agriculture, surrounded by berry farms and one of the major employer here. Abbotsford supplies blueberry, strawberry and raspberry all over the world. There are few lumber mills, manufacturing accommodate large population for employment.

The city has international airport with easy check-ins, short lineups and affordable parking. There are flights going to all over Canada from Abbotsford international airport. The city has impressive sports facilities 4 huge ice rinks with phenomenal sports grounds with skateboard rinks.

 

There are 46 modern well equipped schools with high education standards with diverse educational programs. Good transportation facilities available for students. Abbotsford has a university offer many courses from bachelor to master’s degree programs and lot of trade programs. Ufv is one of the preferred university by international students.

 

Abbotsford has three major zones East Abbotsford, West Abbotsford and Central Abbotsford.

Central Abbotsford comprises mix type of accommodation with lot of condos and apartments with lot of single-family homes. There are churches, schools, Sevenoak mall and a beautiful Mill lake park with paved trail goes around two kilometers in the center of town.

 

The town is next to US border called Sumas-Huntingdon border. You can see mount baker which is 47 km from Abbotsford in US. Mt baker is an active volcano and a famous ski resort. People around the world visit Mt baker for skiing and other sports activities.

 

pervinder khangura @homeZfinder

 

08 Jan 2017

FIRST TIME HOME BUYERS BENEFITS IN B.C.

 

 

first time home buyer in abbotsford bc

FIRST TIME HOME BUYERS ABBOTSFORD B.C

 

Benefits:

First-time homebuyer is eligible to withdraw RRSP for the amount of $25000 without paying any income tax on that. The RRSP issuer will not hold any tax on the amount.

“benefits first time home buyers BC”

The First Time Home Buyers’ Program in BC reduces or eliminates the amount of property transfer tax you pay when you purchase your first home. You must qualify for the program on the basis of qualification you may be eligible for full or partial from the property transfer tax.

In order to qualify the following terms must be met

  • You are to be Canadian citizen or permanent resident
  • You have lived in B.C. for 12 consecutive months immediately before the date you register the property or
  • filed at least 2 income tax returns as a B.C. resident in the last 6 years
  • You have never owned an interest in a principal residence anywhere in the world ( Please note that the property own is all around the world) at any time
  • have never received a first time home buyers’ exemption or refund

The property must:

  • be located in B.C.
  • only be used as your principal residence
  • have a fair market value (Please pay attention to fair market value) of:
  • $425,000 or less if registered on or before February 18, 2014, or
  • $475,000 or less if registered on or after February 19, 2014
  • be 0.5 hectares (1.24 acres) or smaller

You may qualify for a partial exemption from the tax if the property:

has a fair market value less than:

  • $450,000 if registered on or before February 18, 2014, or
  • $500,000 if registered on or after February 19, 2014
  • is larger than 0.5 hectares
  • has another building on the property other than the principal residence
  • Find out the amount of your exemption if you qualify.

NOTE >>>> If you don’t qualify because you are not a Canadian citizen or permanent resident, but you become one within 12 months of when the property is registered, you may apply for a refund of the tax.

  • You will be penalized with double amount of property tax if you ever owned a house anywhere around the world or not a first time home buyer.
  • In a case of existing home, you must move within 92 days from the date of the registration of home on your name.
  • In case you are building a new house on a vacant lot, you still get the tax exemption as long as the:
  • You long as you build and move within 1 year of the date of the registration of property on your name and
  • have a fair market value (Please pay attention to fair market value) of:
  • $425,000 or less if registered on or before February 18, 2014, or
  • $500,000 or less if registered on or after February 19, 2014
  • You must live in the house for the remainder of the year as your primary residence. If you move out before the year you may be able to still keep the part of tax exemption.
  • In the case of death or property is transferred due to divorce or separation you still can keep the tax exemption.

FORMULA FOR PROPERTY TRANSFER TAX IN BC

1% on first $200,000

2% on the remainder up to 2 million

3% over 2 million

Example:

1) House price :

$500,000

1% on first $200,000 = $2000

2% on balance $300,000 = $6000

Total= $8000

2) House price :

$2,000,000 ( 2 million)

1% on first $200,000 = $2000

2% on balance $1,800,000 = $18000

Total= $20000

3) House price :

2,500,000 (2.5 million)

1% on first $200,000 = $2000

2% on $1,800,000 = $18000

3% on $500,000 = $15000

Total = $35000

Disclaimer: The information should not be relied upon. Please check with local authorities for exact information

Written by: Pervinder Khangura @homeZfinder

 

06 Jan 2017

5 Reasons Why Mission is Just the Right Place to live for Bachelors


Mission homes for sale

 

A Bachelor’s lifestyle and priorities are a tad bit different than that of married people with no family and heavy responsibilities weighing on their shoulders. Ultimately, a time does come when the bachelors will have to ride in the same boat as well. But while they are not, they can enjoy their life to the maximum. House hunting for bachelors might be a bit more difficult compared to that done by regular people. Bachelors who are working full time, trying to take make it big yet also wanting their social life to be active and keeping their physical activities in check need a place to live where all this can be carried out. Likewise, we believe that Mission, British Columbia is just the right place for them. Here’s why:

 

  • A Welcome Abode:

 

Good news for all the bachelors looking for a house. Real estate in Mission is booming and is worth giving it a look. Not only can they find condos for sale in Mission as well as apartments for sale in Mission, they’ll also find the rates to be exceptionally manageable if they are at a promising stage of their career.

 

  • Recreational Parks:

 

It will truly be a mistake for a bachelor to let go of any of the Mission homes for sale because this city is packed with beautiful parks containing gorgeous views and offers a number of activities for people to enjoy. With so many parks, bachelors can partake in a variety of outdoor activities such as fishing, motorcycling and exploring.

 

  • Eateries:

 

While there is no age limit to enjoying eating as much as we like, the restaurants here have some delectable cuisines which, when eaten while surrounded by friends, ensure a great time for all. Also, not all bachelors are good at cooking. Luckily for them, Mission does not lack in any way when it comes to the food offerings. There are an abundance of wineries in Mission as well as bars, pubs and restaurants that prepare meals using farm-fresh vegetables and fruits from the agricultural center of Abbotsford. Also, Mission has many of their own traditional culinary recipes that make dining here a great experience.

 

  • Shopping Strips and Festivities:

 

Shopaholics will have a grand time living in Mission because there are an endless number of antique shops, boutiques, bookshops, jewelry shops and handcrafts shops to entertain the residents each and every day. All these shopping facilities make going to every event dressed up and decorating homes much more fun. Then, there are year-round festivals celebrated in Mission as well which include Fraser Valley Bald Eagle Festival, Candlelight Parade and Mission Folk Music Festival, to name a few.

 

  • Heritage Sights:

 

Mission shares the 19th century charm and elegance with its residents through the missionaries’ buildings, masteries, towers and neo-gothic churches present here.

 

Pretty sure that every bachelor has been convinced by now that a bachelor life is more than just drinking and dancing every night. For this, Mission is just the perfect place to live an idyllic bachelor life free of stereotypical judgments.

05 Jan 2017

Why Abbotsford is the Most Idyllic Place

to Move in British Columbia

 

Abbotsford real estate by pervinder khangura

 

Retirees, new couples and people who are generally looking for a major change in their life tend to move to a different place, and the decision to choose one is never a matter of emotions and feelings; rather, they solely depend upon the fulfillment of basic needs. The panoramic views, peaceful environment and beauty of the place are just some of the additional benefits, which is why Abbotsford seems like one of the most idyllic places to move to. Here’s why:

  • Abundance of Properties:

One of the most difficult hurdles faced when moving to a new place is finding a suitable house. Most people forget this important detail and have to do with dreary houses till they find a better one. In Abbotsford though, one will always find a lot of listings of Abbotsford apartments for sale and Abbotsford townhouses at reasonable rates. Fortunately, for the movers, real estate in Abbotsford is all but thriving, and finding a beautiful house on their own demands and a preferable location is neither a problem nor a time-consuming task.

  • Job Opportunities:

One of the most important factors to consider moving to a new place is the availability of job opportunities there, something which Abbotsford seems to have lucked out in as well. Since Abbotsford is one of the largest cities is Fraser Valley district and is home to a large and thriving agricultural sector. On top of the job opportunities which are limitless, there is also a chance of self-employment here. People that are suppliers, manufacturers, traders, retailers, or stockers will hugely benefit from the agricultural economy of the city. Even retirees can find interesting things to do as they enjoy their humble abode by the beautiful lakes in Abbotsford.

  • Friendly Neighborhood and communal family:

By living in a place like Abbotsford, one can never feel alone. The neighborhood is mostly occupied by native families and old people who are warm and welcoming to everyone. Then, there are all the communal activities and events that make everyone feel like a part of one big family.

  • A Family place:

Real estate in Abbotsford is also booming because the city constrains everything a family might need to live their life in peace and harmony. There are 46 public schools with high standards of education, family restaurants, community centers, art councils and even parks and vacation tripping spots to make living there a great family experience. Children who grow up in a place like Abbotsford learn to be confident, friendly, helping and respectful, not to mention hardworking with all that tedious farm work.

  • Cost of Living:

Cost of living in Abbotsford is affordable and a lot more manageable than most other parts of the world. Healthy eating supplies are in abundance yet low in rates, with real estate in Abbotsford comparatively cheap as well.

  • Recreational Activities:

Summers and vacations are never boring in Abbotsford with so much to do. The city, with its unique landscapes, offers a wide range of sports activities and recreational opportunities like hiking, horse riding, trailing, wine shopping and barn days.

Now that we know all the great things about moving to Abbotsford, don’t waste another second and start looking into the Abbotsford real estate market for your idyllic home.

04 Jan 2017

ALL ABOUT OPEN HOUSE IN REAL ESTATE

Open house in Abbotsford by pervinder khangura realtor is Abbotsford city of BC , Canada

What is an Open House?

An open house is just as it sounds. In the real estate world, it’s an open invitation to potential buyers to come and have a look at the house for sale without making any appointment on the scheduled day.

The realtor puts an open house sign in front of the house for sale so people walking or driving by can come in and make an offer on the house on the spot if they like the house. An open house is not an auction but potential buyers can bid on the house and if the seller likes any one of the offers, he/she may accept it.

Abbotsford real estate agent pervinder khangura

 

Who can do an open house?

A realtor or the owner can do an open house by advertising it in the local newspaper, radio or by distributing flyers in the neighborhood. A realtor may be better in doing an open house than the owner as he/she is a professional, and he/she has better access to real estate marketing tools than the owner. Anyway, there is no rule in who can do an open house as long as the goal is achieved by getting the house sold.

( Advice: Hire a local realtor. Trust me, you will save in the long term by paying him commission )

 

open house in city of abbotsford by pervinder khangura real estate agent

 

How is an open house done?

Real estate agent or the owner will advertise the day and time when potential buyers can come and walk freely in the house. Potential buyers may bring their own realtor with them, who can advise them on pricing the house. A real estate agent may have an advantage over an average homeowner in advertising open house as he/she has access to MLS®, which gives them the ability to reach a higher number of potential buyers. There are some free sites like homeZfinder.com and Zillow which give people access to advertising their open house free of charge. On the scheduled day of the open house, the realtor will install open house arrow signs at the intersections of the main roads close to the house and put an open house sign in the front of the house with balloons to attract potential buyers driving or walking by.

Some real estate agents do a Mega open house by delivering open house flyers door to door and talking to people in the neighborhood by telling them amenities of the house. They will also advertise aggressively on local radio, TV, and the newspaper about the time and attraction of the open house beforehand and create a buzz in the city about the house. Flyer distribution in the neighbourhood gives a great advantage as a local resident may know someone, like their friend or a relative interested in buying in the area.

Abbotsford real estate agent pervinder khangura

 

What is there for a realtor in open house?

First off, The realtor makes a commission if he/she sells the house. Secondly, the more important thing is he/she may get a future client by collecting his/her information by asking them questions about the open house and requesting them to give feedback about the house thus knowing about their taste, the kind of house they are looking for?

If the realtor happens to know the kind of house they are looking for he/she may sell them the house they like.Third, the realtor will get the phone number or email of the clients in the open house to market his/her services to them.

Abbotsford real estate agent pervinder khangura

 

What are the benefits of an open house?

The biggest benefit of doing an open house is the ability to show the house to a large number of potential clients together. Open house is an invitation for potential buyers to walk in the house without an appointment.

Open house makes showings easy instead of booking a showing individually. In case the house is a rental there can be a problem showing because of a bylaw, the tenant has to be notified 24 hours before booking a showing. In some cases, tenants make it difficult to show the house as they are worried about moving out after the sale of the house.

Home showings by appointments are difficult during the holiday season or on a weekend. Weekends are when everybody wants to book appointments as they are off work. Weekends are also the days when kids might want to wake up late, or guest visits, or various other reasons.

The most difficult part for an individual showing is the need to clean the house before the showing. It’s cumbersome especially if the seller has smaller children. Open house is the day when you only clean the house once and show it to the larger crowd.

The open house gives an opportunity to the seller to sell a home at a higher price as there might possibly be multiple offers on the house as an open house has a tendency to create a bidding war situation when the market is going up or it’s a seller’s market. The bidding situation can arise because potential buyers at the open house don’t want to lose the house at any cost.

abbotsford real estate agent

What is the best day to do an open house?

The best day to do an open house is on weekends because people are off work and gone shopping and they may then see an open house sign and may possibly be interested to see the house. There appear to be some investors who watch the market and attend each open house on the weekend as they’re off work. Some people want to see the house to compare it with their own house and get a good idea of decorating their home.

expert real estate agent abbotsford bc canada

 

Preparation to do an open house?

Preparing your house for an open house is important to make it attractive to potential buyers so they make an offer. On the day of the open house make sure everything is tidy and clean. Put stuff away, clean the yard and if needed spend money on house stagers. They may cost you a few thousand dollars, but it’s worth it. Home stagers can make your house look perfect as they are professionals and know all the latest trends in home decoration.

Sometimes the realtor or homeowner may offer snacks and coffee to the buyers to get their attention on the amenities of the house.

Another important step is that sellers must keep all their valuables locked up in a safe or somewhere secret as the realtor may not be able to watch all of the clients attending the open house. Although it’s very unlikely for someone to steal something, you never know who is visiting because everyone is welcome to the house.

abbotsford real estate agent pervinder khangura

 

Buyer comes with an own realtor or not?

Some clients come to an open house without their own realtor. This is a big disadvantage for them as dealing directly with a listing agent may not give them any agency so they are not protected in case something happens during or after the deal.

At the end, the open house has more benefits than the drawbacks.

02 Jan 2017

home evaluation abbotsford

How to do CMA of a house?

Comparative analysis is a method used by realtors and homeowners who want to sell or buy a property by comparing it with other properties in the area. The method used for comparative analysis is to check the active or recently sold listings in the area, which are much like their own.

What is CMA?

Comparative Market Analysis or CMA in short, is used by real estate experts. As mentioned above, it’s an estimated value of your home. Remember, it’s not an appraisal rather a calculated estimated value with realtor tools by providing you a detailed report comparing your property with other properties in the area. This may include Sold listings, Active listings, Pending sales and Expired listings.

What this report contains is the list of Active listings, Recently sold and expired listings within your area. A realtor will try to find a property identical to yours or as close as possible, but sometimes it’s difficult to find an identical property in the area. CMA is purely an estimated value based on the comparables, but it can give you a close idea of the listing or property which you want to buy(in case of a buyer).

home evaluation in abbotsford bc

How is CMA done?

CMA is a subjective way to find the value of your property. It may be limited by comparing properties in your own area but sometimes your realtor may have to go a few miles away to find comparables as he may not find them in your area.

If you or your realtor find a satisfactory home or property compared to your home in your area it’s good! But if not then you might want to search comparables in other areas. The factors to compare are:

Square footage

Number of bedrooms/bathrooms

Type of construction

Age

Style

Neighbourhood

Type of landscape

Lot/Land size

Amenities (Swimming pool / Workshop/ Big garage)

home valuation service abbotsford

Example (comparable)

 House 2 floor 3000 sqft on 6000 sqft lot sold recently for $500,000. This house had 4 bedrooms, 4 Bathrooms, workshop 400 sqft, No garage, Swimming pool, 10 years old, No renovation needed, Good landscape with a vegetable garden in the back. Hardiplank with stones in the front.

(House being compared)

Your house 2 floor 2900 sqft with 3 bedrooms, 3 bathrooms, no workshop, Huge garage, no swimming pool, 10 years old, Renovation needed minor (basement bathroom needs new cupboard) Good landscape, 10000 sqft lot (not sub-dividable) Hardiplank without stones in the front.

CMA

Comparable Compared

$500000 ÷ 3000 = $167/sqft                                                             2900 x $167 = $484300

4 Bedroom                                                                                             3 bedroom    =     -8000

4 Bathroom                                                                                            3 bathroom   =     -6000

Workshop                                                                                               No workshop =    -8000

No garage                                                                                              Huge garage =   +5000

Swimming pool                                                                       No swimming pool =    -10000

No renovation                                                                             Renovation needed=      -500

Lot is 6000 sqft                                                                        Lot is 10000 sqft    =   +25000

Stone in front                                                                            No stone in front   =    -2500

Good landscape                                                                        Good landscape  =        0

10 years old                                                                               10 years old        =        0

—————————————————————————————————————————

$500000 sold price                                                                      CMA                  = $479300

—————————————————————————————————————————

We have taken:

$8000 to build a bedroom

$6000 to build a bathroom

$8000 to build workshop

$5000 to build garage

$10000 to build swimming pool

$500 to put cupboard

$2500 to install stone

$25000 for extra 4000 sqft lot

(illustration only info here can’t be relied upon)

Now from above example, we saw things to consider doing CMA are as follows:

  1. Age and Square footage of the house

  2. Size of Lot/Land

  3. Number of stories of the home

  4. Extra features swimming pool, Fireplaces etc

  5. Location and Landscape

  6. Style and construction of the house

  7. Renovations needed or not

cma free in abbotsford

Now let’s get into details of CMA:

Sold listingsYour realtor may look at the listings sold similar to your house. He will search local MLS© and get all the listings sold within the last six months in your area, but if there is nothing sold in the last six months in your area he may go back one year to find a sold listings or he may go within a few miles around your location to find the sold listings. Then he will sort them out and try to find homes similar to yours. What this does is give the realtor a general idea about the market and what price the homes selling similar to your house are.

Active listingsNumber of active listings are also important but can’t be entirely relied upon. A desperate seller may list their house for less than the actual price for a quick sale as compared to other active listings in the area whose seller wants a higher price thus willing to wait. Market conditions are the main factors deciding the value of your house depending on if it’s a buyer’s market or a seller’s market.

The best way is to compare it with the most recent sale of homes in your area going back weeks or months as similar to your own house.

Pending sales: These are the ones sold but still waiting for subjects to be removed or waiting to clear some other hurdles (like in the case of rental waiting for the tenants to move out, or financing, etc.) before it can be transferred to the new owner.

It’s all confidential information, so only the agent which is buying or selling will know about it. It will become public once the sale is finalized after removing the subjects.

Local realtors are knowledgeable and may have idea about the price of these pending sales, so it’s always a good idea to get a local realtor for buying and selling.

Expired listings: These are important in CMA as it gives you an exact idea why a listing of a particular house was expired. For example, maybe it was listed for a higher price than the market value, or the condition of the property itself.

You may find an expired listing and compare it to your house as it may give you a clear idea about the price of your house and what you may want to list it at.

abbotsford real estate agent free market evaluation service

Gathering data from local MLS:

As an average homeowner, it may be difficult for you to find all the data and try to understand it. You definitely need a professional realtor to explain what it means and where the market is going.

There are also a few real estate websites (Zillow.com, Rew.ca, Trulia.com, homeZfinder.com) which makes your homework easy to get an idea about the value (CMA) of your home. Some of these sites have online tools to do an automatic CMA which makes your life easy.

After gathering all the data, it’s you or your realtor’s choice to dig deep and find your home value as close as possible. It’s not easy work and may take a few hours to a full day to get a good idea about the value of a house.

For a homeowner, it’s a good idea to drive around to look at the house which he is comparing his house with. For a local realtor, it’s easy because he knows the local market and he may have done a showing of that particular house. It’s always a wise decision to let a professional local realtor do CMA.

Many realtors offer free CMA reports.

real estate agents in abbotsford free cma

Age of Construction:

Age is one of the biggest factors in determining the value of your home. Older homes may require renovations and newer homes may be built with new technology with high efficient equipment, energy star rating windows with good insulation, etc.

Older homes may be historic and may have more privacy with a big private backyard, which may contribute to their high value.

Square Feet:

Square feet of the house is important as the cost of building a bigger house is more, but there is a limit to it. The cost doesn’t increase after a certain size. This may be due to a limited number of buyers for huge houses than average homes. The average house between 2100 to 2600 sqft 2 story houses with basement is always in demand and retain its value.

Free market evaluation of a home in abbotsford with swimming pool

Attractions of the house:

Swimming pool, Number of fireplaces, garage, and big workshop are also contributing factors to increasing value of the house.

free home evaluation report for a happy customer in abbotsford

Renovations:

New roof, Windows, Paint, Furnace, Water tank, Flooring are also big contributing factors to increasing value of an older home.

Pervinder khangura

Abbotsford realtor

31 Dec 2016

buy or build new home in abbotsford

Abbotsford is the city of mix types of homes from small Ranchers to huge 6000 sqft mansions. The big homes in Abbotsford are usually in farm area as there is no setback set by the city of Abbotsford. There are several rules have to be followed to build a home in the city of Abbotsford. Those rules are called setback for eq the house can’t go beyond a certain height, Leave certain ft space from the back line of your property and also from the side of the property line. The homes in Abbotsford are also allowed to cover an only certain percentage of the lot size. There are lot more municipal rules to build a home in Abbotsford. More information can be found in the city of Abbotsford website.

Pervinder Khangura Abbotsford realtor

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