If you own a leasehold property, you might have recently heard about the City of Vancouver’s new lease extension program. This could be a great opportunity if you’re considering selling. Here’s a straightforward look at why now might be a smart time to put your leasehold property on the market.

Why Consider Selling Now?

1. Lease Extension Makes Your Property More Attractive

The new lease extension program offers a 20-year extension for leasehold properties, which can make your property more appealing to potential buyers. Buyers often prefer properties with longer leases, so this extension can increase your property’s marketability and value.

2. Capitalize on Current Market Conditions

The real estate market is always evolving. By listing your property now, you can take advantage of favorable market conditions and attract buyers who are eager to secure a home with an extended lease. Waiting too long could mean missing out on a prime selling window.

3. Clear Documentation Helps Smooth the Sale

With the lease extension program, you have clear documentation about the lease terms and fees. This transparency can make the selling process smoother and give potential buyers confidence in their purchase. Buyers appreciate knowing exactly what they’re getting, and clear information helps avoid last-minute surprises.

4. Avoid Future Uncertainty

As the end of a lease term approaches, it can become more challenging to sell a leasehold property. By selling now, you avoid the uncertainty and potential difficulties that can arise as the lease term gets shorter. This way, you can sell your property on your terms, with a lease extension that adds value.

5. Get Expert Help

Navigating the sale of a leasehold property can be complex, but you don’t have to do it alone. I’m here to help you understand the benefits of the lease extension program and guide you through the selling process. From setting the right price to finding the right buyers, I’ll work with you every step of the way.

Ready to Explore Your Options?

If you’re thinking about selling your leasehold property and want to learn more about how the lease extension program can benefit you, let’s chat. I’m here to provide advice, answer your questions, and help you make the most of this opportunity. Reach out today and let’s make your real estate goals a reality! Sheldon Coxford - 778-835-5621 or [email protected]