It will be a wise decision to buy a retirement home earlier.

It will be a wise decision to buy a retirement home earlier.
Around 10,000 people turn 65 years old each day in USA. It’s best to spend the remaining years of your life with satisfaction, be it in a second or future retirement home.

Due to covid-19 pandemic, many people have to work from home, though unexpected and sudden but people showed that their productivity did not go down with this change; hence many will begin considering buying of retirement homes, giving its sales a boost.

It was found in the 20th Annual Transamerica Retirement Survey that out of 4 retirees, 3 of them (75% approximately) have their own residential property. This means that only 23% of them are under mortgage debt. In the current situation of extremely high buyer demand for single family homes where the number of houses for sale is at record low figures, selling their homes now to use their equity for purchase of a future retirement home is the best bet they can play before retirement. The low interest rates which buyers want to take advantage of can be used for selling their current properties.

If you own a single family house and are one among the 73% retirees, then this current favourable housing market is best suited for you to put your house on sale. The high demand may allow you to get your home sold before holidays if you make your move earlier.

For either full retirement or purchase of a second home, listing your home for sale in the current market ecosystem will benefit you.