100% free evaluation of your property

A.E. LePage Award – Real Estate Broker of the Year

This prestigious distinction recognizes the cream of the crop among Royal LePage real estate brokers, taking into account their performance, leadership, support for the Shelter Foundation, and commitment to the brand. This award is presented to one Royal LePage broker in each of the following regions: British Columbia, the Prairies, Ontario, Quebec, and the East Coast. One of the regional winners is selected to receive the national award.

Whether you want to sell or buy a home, knowing current prices is essential.

It’s what drives your decisions.

To sell your home, it’s important to set a competitive price that will attract potential buyers.

But not a price that leaves you unsatisfied! A fair, honest selling price that matches the real estate market and the geographic area exactly, for a sale where you come out ahead financially.

Because overpricing your home is counterproductive: it makes it less attractive on the real estate market and causes you to lose potential buyers.

The same applies to underpricing your home: potential buyers will pass it by, with the impression that something is being hidden.

If you’re looking for another home, it’s important to have an idea of average prices in different neighbourhoods to make sure you don’t overpay and to have an accurate picture of the financing required for your buying and selling project.

That’s why we recommend working with a competent real estate agent to get accurate and up-to-date information on the Montreal real estate market.

Our experienced real estate brokers provide this home selling price simulation based on numerous criteria, to give you an evaluation that perfectly reflects your home at the time the assessment is carried out.

This home evaluation service is free! Simply fill out the short form, and a real estate agent will carefully provide an estimate of your home’s selling price, at no cost to you (and with no commitment).

Get a free estimate of your condo or plex

In urban areas, the selling price of condominiums and plexes varies enormously from one neighbourhood to another in Montreal, Laval, or Sherbrooke.

If you plan to sell your condo or plex in Montreal, having a clear picture of Quebec’s real estate market is essential.

Our real estate brokers are known for knowing their areas with exceptional precision, and just as they are skilled at uncovering hidden gems, they know exactly which criteria to use when estimating the selling price of a plex or condo.

You might be surprised to learn that your condo has gained a lot in value since your neighbourhood was redeveloped, or that your plex might actually benefit from being subdivided, given its value.

There are many good reasons for a homeowner to know the value of their condo or plex, as it allows for planning real estate projects with accuracy and objectivity.

What is the difference between a municipal assessment and a market evaluation?

What is a municipal assessment?

A municipal assessment, also known as a property assessment roll or tax assessment, is a tool used by municipalities to establish the value of a property for municipal taxation purposes.

Municipal taxes are calculated based on the value established by the assessment roll.

The municipal assessment often does not reflect the actual market value of your property, as city assessors base their work on real estate market conditions 18 months before the assessment roll comes into effect.

This means that as soon as it’s published, it is already a year and a half behind current market conditions.

Furthermore, the assessment roll has a three-year lifespan, so the value shown for your property in the third year reflects market conditions from more than four years ago.

During that period, the value of your property may have changed considerably.

It is also worth noting that the municipal assessment is a mass valuation that relies solely on objective criteria, with no consideration for the actual condition of your property, since no one comes to visit it.

A municipal assessment therefore does not at all reflect the true market value of a property!

A real estate agent to help estimate your property

Very few people have access to current selling prices across the different neighbourhoods of Montreal — a good real estate agent, however, has exactly that information.

By working with a competent real estate broker, you are guided through the entire process, ensuring you make the best decisions.

There is no obligation to sign a mandate with our brokers when you receive the evaluation of your property’s selling price.

But whether you want to sell your condo or your home, a precise knowledge of the Montreal real estate market is definitely a valuable asset for a successful sale.

By having your property properly evaluated, you can be confident that you will come out ahead in the real estate transaction.

Our brokers are also highly skilled at helping you negotiate the price with buyers and ensuring you complete a transaction that is financially very advantageous for you.

What are the reasons to have your property evaluated?

Beyond simply setting a selling price, several situations may warrant a property evaluation.

The most common reasons for requesting a real estate evaluation are as follows.

Free property estimate as part of an estate

Sharing assets during an estate settlement

In the case of an estate, to ensure equity among heirs: it is essential to determine the current value of a property included in an estate to ensure a fair distribution among the heirs.

An accurate evaluation helps avoid family conflicts and ensures a fair division of assets.

Calculating estate taxes

Estates are subject to taxes on inheritances based on the value of the assets transferred.

An accurate property evaluation allows you to determine the amount of taxes owed and avoid issues with tax authorities.

Financial planning during an estate settlement

Knowing the value of the property allows beneficiaries to plan their financial future more precisely.

Sell the property? Keep it? Rent it out? This can influence decisions regarding the sale, retention, or distribution of other assets.

Free property estimate during a divorce

Equitable division of assets

During a divorce, matrimonial assets must be divided equitably between the spouses.

A professional evaluation of the real estate assets helps determine the property’s value, which facilitates the negotiation process and minimizes conflicts.

Basis for separation agreements

An accurate evaluation provides an objective basis for separation agreements and judicial decisions regarding the division of real estate assets.

This allows both parties to clearly understand the value of their assets and reach a fair settlement.

Post-divorce financial planning

The property value estimate is a key element of financial planning after a divorce.

It influences decisions regarding the sale of the property, the buyout of one spouse’s share, or the retention of the asset for the children or other reasons.

Having your property’s selling price evaluated is essential in cases of asset division during an estate or divorce, to ensure equitable distribution, facilitate financial decisions, and reduce conflicts (and stress) between the parties involved.

Free property valuation in an insurance dispute

Resolving a dispute with an insurer regarding the amount of insurance coverage or compensation following a claim.

Regarding home insurance issues, it is crucial to properly assess the potential financial benefit before requesting a full evaluation.

How much is my home worth for obtaining a mortgage?

Obtaining a mortgage or financing for construction or renovation work requires a thorough understanding of the real market value of your home in Quebec.

When applying for a loan, financial institutions often have their own appraisers, but if the lender agrees, it may be wise to work with a good independent appraiser.

While this involves additional costs, the appraisal report can be useful with another lender in the event of a refusal.

Contesting a municipal assessment to reduce the tax bill or challenging compensation offered during an expropriation.

For property taxation issues, it is important to carefully assess the anticipated financial benefit before requesting a full evaluation.

What are the advantages of having your home evaluated by a real estate agent?

The advantages of having your property evaluated by a real estate broker include:

• obtaining an accurate and reliable assessment of the property’s value,
• reducing risk for potential buyers,
• the guarantee of selling at the best price and under the best conditions,
• compliance with practice standards and professional ethics in home evaluation.

What are the risks of not evaluating your property before a sale?

The risks of not evaluating your property before a real estate transaction include:

• an inaccurate estimate of the property’s value,
• complications in the selling process,
• and risks for potential buyers.