If retirement is in your near future, you may be wondering whether or not you should begin looking at your future housing options. With home prices inching upward nationwide and inventory remaining low, some people may be considering making a purchase now so that, come retirement time, they will already have their dream home secured.
But how do you know if it’s really a good time to buy? The truth is, knowing the best time to buy real estate is tricky. It takes a little bit of industry knowledge, but you don’t have to be a professional real estate agent or economist to make an educated decision. Start out by doing a little research. Think about the area you’d like to retire to and check the real estate stats for that area. Are prices appreciating at an accelerated rate? Are foreclosures swamping the local market? What are the projections for the area’s future? These things can be found by doing some digging online, but don’t be afraid to hire a professional real estate agent to help you find even more information. [Read more...]