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Exit strategies for Vancouver real estate market

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PatrickGunville | 11 Sep 2013, 01:38 PM Agree 0
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What to do once you sell your Vancouver home! Exit strategies for selling at the top of the Vancouver housing bubble. Now is the time to exit the Vancouver real estate market. Obviously, the safest and surest strategy being selling and renting until prices collapse considerably. But you can also downsize to much more affordable and economically viable properties, particularly in Surrey and Maple Ridge. These areas have a much greater long term outlook economically than central Vancouver. In particular their affordability, combined with increased demand for rentals, make for an attractive investment, even in the worst of times. If you can lock in a low ten year rate, on an affordable $400K home with a basement suite, you are looking at an incredibly attractive deal long-term, with the option to buffer up to $1000 per month in rental income. This option gives you a lot more freedom than renting, with the ability to draw in some decent income during hard times. Of course, if you want to just bite the bullet, and rent some place temporarily, you can look forward to saving money in property tax and household maintenance and repair, as well as some amenities most likely too. Short term pain for long term gain. Imagine being able to buy back into the property market, pick from a wide variety of dream homes at historic discounts, pay all cash and be debt free! Shield yourself from the coming housing collapse. There is no shame in protecting you and your family's financial interests! Do you own research and make the right decision.
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