Not long ago I heard from a reader who moved a few years ago to a place that they now hate.
Now you might be thinking…
“What’s the problem…just move somewhere else!”
But the thing is, the market had essentially stalled where they were and they could not afford to carry two homes at the same time.
They HAD to sell their current home before they could ever move on.
Now, you might be in a little better financial position than they are, and able to afford two houses at once.
If so, congratulations!
But even if you are in a better position financially, I bet you still don’t like losing money.
So what’s the true cost of picking the wrong place?
Let me break it down for you…
Let’s say you buy a $250,000 house and put 10% down, which most new home communities/builders require at a minimum…many require more.
You pay 3% in closing costs. You spend $5,000 on movers, and you spend another $10,000 on additional things to outfit/upgrade your new home.
So right there, conservatively, you’re at:
Down payment: $25,000
Closing costs: $7,500
Upgrades/Additional Furnishings: $10,000
I don’t care how much money you have, a nearly $50k hit stings.
Not to mention the lost years of your life spent in a place where you are not happy!
And then to get stuck there if you can’t sell right away.
If this is the kind of scenario you hope to avoid, then you should order and read Pick the Right Place…
I wrote Pick the Right Place to arm you with the knowledge to make confident decisions about where you want to retire.
Here’s just a fraction of what you’ll learn:
DISCOVER THE RIGHT LOCATION
Some of your biggest “aha” moments will come when you are actually visiting places and communities. I’ll give you the tools to making the most of your research trips.
How to figure out what your cost of living will be, no matter where you plan to retire.
Plus, there’s a great worksheet to help you determine your location preferences across a number of dimensions.
FIND THE RIGHT COMMUNITY
Knowing what you don’t want is almost as important as knowing what you do want. Learn 7 things you definitely don’t want in a retirement community.
The web can be overwhelming, especially when it comes to community research. So here are what I consider the best places for community research.
I wish it were as easy as finding a location, community, and home you like. But here are 6 critical things to consider before deciding on your retirement community.
Gated communities come in a variety of “flavors”. Here’s what you need to know about the different types.
Plus, a worksheet to help you think through your “must-have”, “nice to have”, and “do not want” community features.
FIND THE PEFECT HOME
On the fence between buying/building a new home vs. buying a resale? Learn the benefits of building a new home.
Have your heart set on building/buying new? Not so fast! You should also take into account the benefits of buying a resale.
I actually used to sell for the builders in a retirement community. Discover my insider tips for negotiating with new home builders.
Whether you’re buying new or resale, you want to give the house a good looking over before signing on the dotted line. Learn what you need to go over during your newhome walkthrough.
Plus, there’s a worksheet to help you come up with your dream home options and features.
I stand behind all of my books and publications, and I 100% Guarantee you’ll love this book I’ll return your money and let you keep the book anyway.
That’s right. You don’t even have to send anything back. Just email me and I’ll give you back your money with no questions asked.
How’s that for fair?
The book is available for a limited time at the low book launch price of just $6.95, but that price will be increasing soon, so grab your copy today.