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Retiring to Victoria....? To Buy Now or To Buy Later, That is the Question?
Retiring to Victoria....? To Buy Now or To Buy Later, That is the Question?If you are planning on retiring or relocating to Greater Victoria BC at some time, the next important question is......When is the best time to Buy in the Victoria Local Market?Well, the correct answer depends on a number of issues:We know that for making a smart real estate investment decision, you want to buy low, add value you to the property and make it pay for itself.......Here are some key considerations:
Where do you live now, and how is your local real estate market? If you market values are going up, and where you are buying the prices are low...... It might be a Good Time to buy. Would you be financially able to buy now or in the future in Victoria , while remaining where you are until you retire? Do you have or Can you raise enough down-payment that if you bought in Victoria, you could generate a positive cash flow from your investment? Would you emotionally be able to buy now, rent the property out until such time you are ready to move to Victoria....? Are you comfortable with being an out of town landlord, with no ... more

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