How we calculate property values

Tom Ikonomou

Comparison

  • This can give you a rough estimate of the value of your home. 
  • Factors involved:
  • Land size,
  • Age of improvements
  • Location or proximity to amenities
Knows Vancouver

Cost Method

  • Amount it would cost to build minus depreciation
  • Used for non-income producing properties
  • Schools, churches, hospitals and government buildings.
Home Values

Cap Approach

  • Compares income from simular properties
  • Price is derived by the gross annual income
  • Industrial properties use the net annual income

The four values of every home.

Ikonomou Knows Vancouver Homes

  • Actually, there's five! There's two appraised values, one for the lender and there's one for the insurance provider.
  • These values play important roles in your homes marketing & sale

    1. Assessed Value
    2. Appraised Value.
    3. Market Value.
    4. Owner Value.

  • These distinct values determine what your home will sell for and in what time frame.
KITSILANO HOMES

How do these values relate?

Through the Comparative Market Analysis, we can evaluate the prices of properties similar to yours that have recently sold in your area. 

This analysis gives you a better idea of your property's market value, one of the first - and essential! - steps as you prepare to sell your home.

FREE home evaluation

Discover YOUR home's true market value


Ready to see your homes value?

Ikonomou Knows Vancouver Homes

  • Get an accurate estimate today.
  • This analysis will give you a better idea of your property's market value, 
  • A first and essential step for preparing to sell your home in any market.

Kind Words
“Tom was able to get 99.3% of our asking price in a declining market! We highly recommend Tom’s services to anyone selling real estate, thank you”
– Harold & Sharla,
(Seller Side)

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.