Let’s talk to our renters in the market to let them know what is happening.
Shannon looked back on some past sales from 5 years ago to reflect why it is important to own a home.
A unit at 400 Robron with 3 bedrooms and 2 bathrooms sold in 2015 for $124,000. The same unit in 2020 is now selling for $255,000. With that being said, if you were a renter in 2015 and rented the same unit for an average price of $1200, you would have spent $90,000 in rent with nothing to show for it in the end. Five years from now don’t be looking back wishing you had bought a home sooner.
If you budget your finances and limit spending, you could be getting your down payment and getting yourself into a home sooner than later.
If you are in a buying position, make sure your realtor knows what you’re looking for. Have a buyer consultation to assess your needs so we can show you what you’re looking for. We will meet with you for this consultation to get a really good understanding of your home needs and go over our loyalty agreement.
If you are looking to speak with someone about getting started on your home buying experience, please give us a call at 250-914-1122.
To view our listings, visit https://shannonmarin.com/vancouver-island-homes-for-sale/