I can't stress this more and whenever I work with a new client I always make sure that they understand. Any real estate purchase should have at least a 7-10 year horizon. More... much more if possible. I’m not a fortune teller, I'm a Realtor, no one can tell you what the price of Vancouver RE is going to do in the short term (1-5 years) but I can tell you that RE when properly purchased (this is why you need an experienced full time Realtor), in a good location and held for the long term (10 years or more…again the longer the better!) will take very good care of you. In the short term (1-5 years) who knows, it could go up or you could be down 25%, however RE when held for awhile is very forgiving. So always try and buy with a long-term outlook and you will never have any regrets on the purchase, I can guarantee that! As many savvy investors have told me... I've never regretted buying a piece of Real Estate but I sure have regretted selling some!
This entry was posted on August 30th, 2012 by Owen Bigland | Posted in Video Blog