Middle Age Buyers are Buying Retirement Homes Early

Real Estate Agent with Charter One Realty

With home values falling over the past few years, some buyers are seeing a great opportunity to buy their retirement home now instead of waiting until they retire years later. Some retirement communities are seeing the average age of a new home buyer drop from the mid-70s to the low 60s in the last year. People are looking at this in terms of their long term future, because if they look back just a half a decade ago, prices were in some cases 2 times what they are now. They're looking at the market as it increases, as the economy is strengthening, and they want to buy now while it's the best opportunity to do so. Younger investors also may even rent out the property until they need it years later for their own retirement.   

With a moderate climate, many golf courses, a strong medical community, an abundance of fine restaurants, and other great resources for seniors, Birmingham is a great place for retirees.  There are excellent opportunities for future retirees to invest in the Birmingham metro area in communities such as Ross Bridge, the Greystone area, Highland Lakes, Inverness, and Danberry.  Home Search Solutions, Birmingham's Exclusive Buyer Brokerage, is a great way to start your retirement home search. You are one click away from your new home by visiting www.birminghamrealestateonline.com.      

Source:  Daily Real Estate News

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