Retirees, Retire Well

                                                    Lynne Renaud’s 4 Tips For Texas Hill Country Retired Homeowners

 

Now that you’re “free” from work and many other obligations, it’s a good time to rethink your financial and housing situation.  What should you do when your Social Security Income isn’t the same as your pre-retirement income?  Consider downsizing your home in order to save money and reduce energy costs. Lynne Renaud with Century 21 Sunset, Realtors has 4 Tips for Retired Homeowners…

1. Ask for help

¡Work with Lynne Renaud, a Real Estate professional who has a successful track record in selling homes in your area.

¡Also, talk to your tax, financial planning, and estate planning advisers so that you are sure you understand all of your options.

2. To sell then buy, or buy then sell?

¡If you sell first…there is the challenge of finding a place to live while you house hunt, but you have the security of knowing how much you have to spend on a home, based on the proceeds of your sale.

¡If you buy first…you could face some serious financial stresses if your home takes a long time to sell or sells for less than you expected. You also may face challenges paying an extra mortgage payment, and be burdened with maintaining and paying property taxes on two homes at once. You’ll find security in knowing that you have a place to move to once your home does sell.

3. Consider Your Situation

¡you’re buying to downsize,

¡moving to a less expensive area,

¡you have a hefty savings or asset portfolio or

¡the homes you’re targeting are modestly priced vis-à-vis your income…you might not need to  sell your existing home before you qualify to buy the next one.

¡Have your mortgage broker run all the numbers and tell you what loan and mortgage amount you will qualify for  before and after you sell your home.

4. Get Creative

¡If you choose to sell your home first, consider renting a Hill Country Cottage, or travel for a year, while you house hunt.

¡Talk with Lynne Renaud about the possibility of selling your home, then leasing it back from the buyer.

¡Short-term financing for your new home might afford you a lower interest rate and monthly payment than a long-term loan.

Call or Email Me Nowbecause I have several marketing plans to help you with your real estate needs.

When ready, please use this coupon as reimbursement for any expenses you incurred during the listing period. 

If you know of another friend or family member who may be interested in selling, the coupon is transferable.  

The amount on the coupon will be credited to you at closing and funding.

I feel confident that we will begin a professional relationship that can continue for years.  I want to be your REALTOR.

Thank you and I look forward to meeting with you,

Lynne Renaud      

Century 21 Sunset, Realtors

830-456-1317                   

LynneSellsProperty@hotmail.com 

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Fredericksburg, 78624

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Neighborhood Info

Population 22,592
Average Age 48.16
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Fredericksburg, 78624 Market Overview

Median Income $52,963
College Educated 4,104
Homes Owned 6,912
Homes Rented 2,488
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Entertainment

SHOPPING 215
EATING - DRINKING 122
HOSPITALITY 74
ATTRACTIONS - RECREATION 49

Member of:
CENTURY 21 Sunset, Realtors

Fredericksburg, TX   -  830.997.9591