The Real Estate Strategy Development.
To Sell or Not to Sell?
You're probably asking yourself why a realtor would tell you not to sell.. Well if you have enough cash flow, selling isn't your best option. Although there is the potential of a great profit you'll have a hard time buying in a hot market like Kitchener/Waterloo. Rather then selling, you would be better off refinancing your home and purchasing a second property for investment purposes. Not only will your tenants be paying off your mortgage but as prices increase you'll make a profit.
Now if you're looking to make a profit, it is best to sell and down-size. But who wants to down-size? Well if you don't mind commuting 25-40minutes, it is best to sell your home in Kitchener/Waterloo and move to the outside cities like Woodstock. Not only will you be making a profit on your home but you will also be able to afford a much bigger home for much cheaper prices.
Buying and selling a home is the greatest investment you'll make. Do it right!