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IS THERE A GOOD REASON TO BUY YOUR RETIREMENT HOME IN SEDONA RIGHT NOW?
Buying a home while prices are sliding is not an easy decision.
After all, if you jump too soon you may miss an even better deal that could have been yours if you had been patient and waited a little longer.
On the other hand, if you are thinking of retiring to a vacation-like property in a decade or so, and you can afford to buy now, today’s soft housing market may offer an unusual opportunity to make a smart long-term investment. Remember, home prices won’t weaken forever (in some areas of the country they have actually increased over the last twelve months), and they will most certainly be higher ten years from now.
Sedona, Arizona just might be one of the BEST retirement locations in the Southwest!
Properties featuring spectacular views – yes, Sedona does quickly come to mind – can be expected to rise the fastest. Today, competing bids are rare and sellers are eager to deal. You have time to research your purchase and you also have bargaining power. Mortgage rates are exceptionally low for those with good credit.
Sedona, where the Red Rock views are exceptional,
provides an ideal assortment of real estate for your retirement.
If your property is where you intend to spend the rest of your days, why care about the rate of return? You’re buying a lifestyle, not a bond. Such thinking clearly resonates with millions of people in their 40s, 50s, and 60s who are keeping the second-home market alive. Last year, as sales of primary residences fell, second-home sales grew nearly 5%. The typical buyer was 44 years old.
There is time to make the best retirement decision for you in an ideal real estate market.
None of this means you should be rash. The whole point of buying while the market is soft is to have time to think things through. Sort it all out first. Then, if you are so inclined, take the plunge. In the long term, prices are going to go up. By not acting now, you risk being priced out of the market at a later date. If money is tight, consider buying now and collecting years of rent to defray your costs. A good rule of thumb is if one week of peak rental income can cover a month of mortgage expense, the deal is a winner. The challenge is to get over your fears. With retirement eventually facing all of us, there is only so much time to vacillate.
If you are looking for the perfect retirement home in one of the most beautiful places on earth,
please give me a call: 928 300 5050.
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