Over the past decades we increasingly hear the question: To Move or Not To Move in Victoria BC? by people of all ages.
As a Realtor, the expected answer from us is likely To Move, off course for obvious reasons.......
However more and more it seems to me that the right answer is often that moving my not be the right answer for all people and that it is very important to determine what the real reasons are as to why people would ask us this question.
There could be many reasons why moving is the right thing to do, but not in all and it would be well beyond the purpose of this posting to even try to explain all the reason why moving may not always be the right thing to do.
Our practice is split in 3 main group of clients first time buyers & sellers for about 25% about 20 % are experienced buyers and or sellers, the largest group is looking to either downsize or sell for the last time for about 40% of our clients and the balance of our clients are estates, corporations and 3rd party clients.
This may not be a common description of how to view ones' clients, but bear with me hear there is a reason for creating groups like this. The most logical reason for grouping people this way is that these groups of clients likely share a number of common issues and intentions.
The first time buyers & sellers are likely in the growing mode, (Family Equity, Status, return on investment) for most they will certainly buy and sell a few more times in their lives and timing it correctly should built a perfect savings tool right into their property holdings.
The more experienced (2nd or 3rd time buyer/seller) to be honest with you, I am not so sure that moving is always the right thing........ Building a real estate holdings portfolio (buy but not sell) may be the right thing to do, and let tenants, development and or improving the property add to the best return possibly while having the stability of not moving and a stable household, may very well be a smarter solution.
The largest group of people that we work with it would appear to me that in many situations we jump to the conclusion that downsizing means to move to a smaller place, but personally I don't think that is always the right answer. How about optimizing the house and property while ensuring the safety and security, at the same time create some cash flow by way of a suite, or cabin on the property. This may offer the comforts of staying in the same home and neighborhood as well as the options of generating some extra cash or if needed some form of in house assistance and care in trade of rent.
We often see people jump to the most obvious solution without considering some of the other options available to them. We know that for many people (particularly the elderly) moving can be a very stressfull time, how does high stress relate to "Living the Golden Years".
To Move or Not to Move In Victoria (or elsewhere) the answer is not always as simple as putting up a sign and getting a bunch of boxes.......
In Victoria BC, Senior Living Magazine recently published a book by the same name, and for those interested in Victoria we have some FREE copies. email us at email@example.com and we will make arrangements to get you a copy.
We also have much more information on our web site at www.pfanntastic.com
If you just want to buy a copy of the book they cost $ 9.95 from www.seniorlivingmag.com