Timing of Sale:
Choose properties that sold as close to July 1 last year as possible:
- Sales comparables are not restricted to those that occurred before July 1. You and BC Assessment may pick sales that occurred before or after this date.
You should look for sales comprables that are the most similar to your property:
- Look at things like the size of lot, the size of the house, its age, condition, quality, and so on.
- Location is a key factor. Comparables that are far away from your property are the less useful.
Listings of properties for sale are less useful than actual sales:
- The problem with a listing is we do not know the property's selling price until it sells. The selling price might be significantly different from the asking price in the listing.