WHEN I FIRST STARTED IN REAL ESTATE PEOPLE BOUGHT HOMES RATHER THAN PAYING RENT.
Back in the Olden Days when I first started in Real Estate circa 1971.... Homes did not go up in Value in Victoria. In fact if you Sold your home in 5 years you often lost money paying the selling costs and the mortgage was certainly not reduced by much.
People Bought a home because they wanted to stop paying rent and everyone knew they would own it in 25 years. People looked a a home as a forced saving plan.
Today this still applys...it may take longer now to pay off a mortgage, however if you keep your home you'll soon have a Clear Title Property.
The Press and everyone else wants to treat Real Estate as a commodity by predicting rising and falling house values...this really only effects us if we're selling shortly after purchasing a home.
Here when I started in Real Estate older homes sold for under $10,000 in Victoria. Today they're all over $400,000, with the average selling price in Victoria is over $600,000. This has not changed much in the last 4 years.
Homes are not commodities they are a place to live, rise your family and someday own, rather than paying rent all your lives. It certainly is Nice when you retire to Own your Home free and clear of a mortgage.
HAVE YOUR BEST YEAR EVER IN 2012 !
Cheers
Fred Carver
Re/Max Camosun
Accredited Consultant in Real Estate®
Direct 250-598-2963
40 Years Experience selling Real Estate does make a Difference.. call Fred today to Put his 40 years experience to work for You.
4440 Chatterton Way, Victoria, BC V8X 5J2
Calling from Out Of Town? Call Toll Free 1-800-663-2121
Victoria Homes and Properties For Sale
Find Hundreds of Home For Sale in Victoria BC
Post Copyright © 2011 By Fred Carver All Rights Reserved
