By: Jeffrey Kam
Planning for retirement soon? I might be a good idea to start shopping for the house you want to retire in. Houses are lower than using in today’s market, property that are 20% below than usual, some places like Las Vegas, Naples, Fla. And Phoenix hot spots for retirement, houses have tumbled more than 30% since 2006 when those prices rise. Prices will remain constant during 2009 as some forecast reports. One of the issues that concern retirement buyers is will the house be what is worth in a decade, or more?
First, you have to understand the buying power, and the economy that affects you during this year. Fix any damages your current property or re-pay any debt with your extra cash. Understanding and re-evaluating your personal finance first, before purchasing a 2nd property. Find a new home isn’t hard here are some tips. Pick a location that has a good chance to sustain the current value or appreciate in a couple years. These places can be found near growing industry like technology, fuel expansions, new airports or health care. Start the negotiation with a lower price (10%) since most 2nd property owners’ faces financial trouble and will accept a lower price deals.
http://money.cnn.com/2009/02/11/retirement/retirement_home.moneymag/?postversion=2009021106
http://money.cnn.com/2009/01/26/pf/expert/diversification.moneymag/index.htm?postversion=2009012817
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