Buying a home while prices are sliding is not an easy decision. After all, you never know when things will bottom out, and if you jump too soon, you may miss an even better deal that could have been yours just by waiting. But if your goal is to retire to a vacation-like property in a decade or so and you can afford to buy now, today’s tepid housing market may offer a great opportunity to put your plans into motion early. Here’s why.

First of all, home prices won’t weaken forever, and they almost certainly will be much higher in 10 years. Waterfront and resort properties and those with spectacular views–just the features you dream of for a retirement home–can be expected to rise the fastest. Yet for even prime properties in today’s market, competing bids are rare, and sellers are eager to deal. You have bargaining power, and you have time to research your purchase. Mortgage rates remain low for those with good credit.

Equally important: a cottage in the mountains or a house on the beach where you plan to spend the rest of your days doesn’t have to be subjected to the same rigorous evaluation as other investments. In theory, your retirement house won’t be sold until you’re not here to worry about it anymore. What do you care about the rate of return? You’re buying a lifestyle, not a bond.

Whether you are looking in downtown Charleston, Mt. Pleasant, Isle of Palms or Sullivan’s Island you are looking at a desirable coastal destination. While the past 5 years have been a seller’s market, we are now in a buyer’s market which means a good supply of inventory to choose from. So please contact me to find your retirement home today.

Click here it read the Time Magazine Article in full.

Elizabeth Whittle
(843) 901-0488
Elizabeth@ElizabethWhittle.com
www.ElizabethWhittle.com

The thoughts on this website do not necessarily reflect those of Carolina One Real Estate.
Prudential Carolina Real Estate | 877-663-3456
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