sales price: $790,000
year built: 1900 1635 sq. ft.
Property Taxes: $5,226
sales price: $455,000
year built: 2007 1900 sq. ft.
Property Taxes: $10,400
sales price: $799,900
year built: 1910 1805
Annual Property Taxes: $8,768
Sun City Center, Florida
sales price: $245,100
year built: 2012 2043 sq. ft.
Annual Property Taxes: $4,900
sales price: $255,000
year built: 2011
1,852 sq. ft.
Annual Property Taxes: $908
Depending on where you live right now, you could sell your house and use the equity
to purchase a beautiful home in a less expensive area. Your new location could afford you
greater living standards such as numerous parks, better weather, excellent health care facilities and access to entertainment. Dr. Allen J. Bennett, an internist and geriatrician in New
York City, sums it up: “When we’re older, we have a deeper appreciation for life. A healthy
person, as he ages, should take advantage of the weltanschauung—moving anywhere with
tropical weather, and enjoying the wonders of the world. This is an opportunity that one
shouldn’t miss if he has the time, money and health.”
How To Make It Work?
You can afford to retire now. Consider this: if the price of your home is depressed,
chances are the price of your dream retirement home is reduced as well, making this the
ideal time to buy. “Florida is a great place to retire,” says Sage Hoffman, a realtor in South
Florida. “People can be active and mobile, and have family visit. But buy immediately; the
Realtors Association of America recently named Florida the most recovering market. That
doesn’t mean prices will rise tomorrow, but there will be a steady improvement over the
next few years.”
If you can sell your home now, you’ll have an extraordinary opportunity that you’re not
likely to see again soon. When the housing market heals, you’ll get more for your home, but
you’ll have a harder time finding a great deal on a retirement home. |
One closed door means another one opens;
use today to enjoy your retirement now.