In this episode of The Real Estate Podcast, Ariel and Adrian dive into the key differences between a free home valuation from a real estate agent and a paid appraisal from a licensed appraiser. They break down how emotions, facts, and market conditions influence property values, discuss the role of MPAC assessments, and explore how these valuations affect financing, divorces, and taxes. From emotional bias to factual precision, they reveal what truly determines your home’s worth.

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0:00 Intro

0:59 Small talk: iPhones, Apple updates & overpriced subscriptions

3:20 Why the Wilmott neighbourhood in Milton stands out

5:41 Introducing today’s topic: valuations vs appraisals

6:34 Meet Ariel & Adrian – neighbours, partners & realtors

8:54 Emotional vs factual property valuations

10:29 Real-life examples: how emotions affect pricing

11:33 Why staging and presentation matter for agents

12:18 When lender appraisals fall short of your purchase price

13:24 Garbage in, garbage out – how appraiser data impacts value

15:07 The problem with outdated comparable sales

15:40 Hidden value: high-end upgrades buyers might overlook

17:19 Why five realtors can give five different prices

18:47 The value of collaboration within a real estate team

21:16 Predicting market shifts and pricing accuracy

22:09 Understanding MPAC assessments and their limits

23:45 Property valuations for divorces, estates & taxes

26:17 Capital gains tax discussion – what could change

28:24 Real estate flipping, CRA loopholes & tax evasion

29:53 Outro/recap

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Want more real estate podcast discussions?

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In 2011, Ariel Kormendy and Adrian Trott formed The Kormendy Trott Team, now often referred to as KT (thanks to our logo!). The foundation of KT is built on providing unmatched value and attention to detail in everything we do. From our ever-expanding, comprehensive list of exclusive services to our expertly trained team, you will receive the highest level of care throughout your entire real estate journey.

Originally a team of two in Milton, Ontario, the KT Team has grown into a large team of exceptional REALTORS®, a client-care department, and now includes KT media, KT Commercial and KT Property Management to provide our clients with a complete lineup of genuine, professional, and proven services across Halton Region, Peel Region and the surrounding Regions within the Greater Toronto Area.

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