Guide For Retired Home Buyers
There are so many things to consider while buying a home for your retired life. After having spent so many years juggling budgets and fulfilling familial duties, you deserve to enjoy your golden years in peace and comfort. Here are a few points which you can keep in mind while investing in a home:
Moving to a place which is closer to your family members and friends is a good idea. You should go for homes in localities offering a community lifestyle so that you can mingle with the neighbors and make new friends to spend your leisure time with. Medical centres should be within easy distance. Another point to keep in mind is that your place should have access to shops and transport services but should be away from the hustle and bustle of a busy road. A small town offering modern amenities is an ideal place to buy a home in. The property prices are generally lower in such places than in the big cities.
Downsizing can free up the money that you have invested in your current home. You need to make sure that the price of the new home does not eat up all the money that you receive after selling your property. Taking loans and paying a hefty mortgage amount is just not what you can afford at this stage. A smaller home which fits into your budget and for which you do not need to take a loan is a good choice.
Retired people are generally more vulnerable to theft attacks or break-ins. When you inspect a property for purchase, you should always check the rate of criminal activities in those areas. Also, the security system which is in place needs to be considered. There should be a good burglar alarm, video cameras and emergency response systems available.
The design of the house should be such that it provides you assistance and prevents accidents. You should look for homes which have more open space offering wheelchair access. There should be plenty of handlebars throughout the house to grab on to, especially in the bathroom areas. Homes with stairs should be avoided.
To find a home which fulfills all the above requirements, you should take the help of a good real estate broker with experience and expertise.
Connecticut Real Estate & Investment is the best buyer’s broker to help you out with property purchase in Connecticut.
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“A Buyer’s agent represents the interests of the buyer in a real estate transaction. The Buyer’s agent’s responsibilities to the buyer are: undivided loyalty, obedience, diligence, disclosure, confidentiality, accounting, and reasonable skill and care. All duties are fiduciary — they are owed exclusively to the buyer – NOT to the seller.” – CT Dept. of Consumer Protection
A buyer’s agent can work for a traditional agency which can put you at risk. Traditional agencies take listings and promise to get the top price for the seller. If you don’t work with an exclusive Connecticut Real Estate Brokerage that Never takes listings, you will likely end up signing a dual agency agreement.
Connecticut Real Estate is an exclusive Connecticut Real Estate Brokerage. We NEVER have a conflict of interest with representation. Connecticut Real Estate never ever represents the seller. At Connecticut Real Estate & Investment our life doesn’t revolve around trying to get paid by both sides. You can’t promise to get the best deal for both sides in a transaction. Think about divorce attorneys representing both spouses. At our first meeting we promise to do our very best for you and nobody else. Throughout the transaction that never changes. You will never be asked to sign a dual agency agreement.
Hiring a Connecticut exclusive Connecticut Real Estate Broker is the best decision you will make regarding buying a home in Connecticut. When NBC, Kiplinger’s Financial, Woman’s Day Magazine, The New York Times, Real Estate For Dummies & The Learning Channel (TLC) wanted to learn more about buying real estate, they called Steve Schappert and you should too!
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