Let’s face it, with the continuously rising costs in the Fraser Valley Real Estate market, owning the home of our dreams, or even owning a home at all seems out of reach for a lot of people living here. 63% of renters in BC feel like they will never even own a home at all. For those who are renting, rental demands have never been higher, and even just trying to find a suitable home to rent can seem like an impossible task.
Out of those that do own, the vast majority feel they’ve settled for something under their expectations simply because they can’t afford whatever their ideal owning situation may be. Regardless of your current situation, if you’re feeling defeated by the current and ongoing market conditions, perhaps there may be a solution for you.
Whether you are a first-time home buyer unable to find something suitable in your budget, a family wanting to team up with another family to gain more space, a single person looking to partner up with friends or strangers to get into the market, group buying may be right for you.
When it comes to group buying, I always say it comes down to the 4 P’s. People, Plan, Price, and Property. If any of the 4 P’s aren’t in alignment, the situation likely should be avoided. However, if all 4 quarters of the equation can be met, group buying may be right for you.