Buy a Retirement Home Now and Retire Later

Although the current housing market may not be ideal for those who need to sell their homes to retire,  it is an opportunity to buy marked-down properties in attractive areas you may want to move to for retirement.  According to Forbes, now may be the best time to do just that. 

The 2011National Association of Realtors Investment and Vacation Home Buyers Survey, found that vacation-home buyers in 2010 had an average age of 49, and 34% planned to use the property as a primary residence sometime in the future. Last year the median sales price of vacation homes was $150,000, down 11% from $169,000 in 2009,  and some economist predict that housing prices will drop another 5% this year before hitting bottom at year’s end. And you don’t have to have CASH, some banks are offering rates as low as 1.875%  for their REO properties.   If you’re looking to pick up a bargain retirement home,  now is the time to start looking.

1904 Tree View Trail, Arden NC 28704
Originally priced at $4.3m, this luxury home in the exclusive Cliffs at Walnut Cove is now priced at $1.9m and the bank is offering special financing.

87 Governor Thomson Terrace, Weaverville NC 28787
Desirable Weaverville, NC with mountain views and access to Reems Creek Country Club, this home was originally priced at $1.2m and is now $679,000.

686 Hyacinth Drive , Clyde NC 28721
This mountain home offers the ultimate privacy with easy access to highways.  Priced originally at $1.1m, this foreclosure property is offered at $589,000  and has special financing available.

 To receive our weekly newsletter,  “Foreclosure Deals of the Week, featuring 5 best deals of the week in the following categories: Best under $125,000, Best Condo/Townhome, Best Handyman Property, Best Luxury and Best Land/Lot, please email INFO@WNCForeclosures.com.