Not Ready To Retire But Want To Buy In The Outer Banks

Not Ready To Retire But Want To Buy In The Outer Banks

So you decided where you want to retire, you have found that perfect property and you want to buy it, but how?  I still have years left to work, not ready to sell my home, what do I do?
The answer is simpler than you think. You have options, so use them.  With the assistance of your Buy the Beach Realtor and all the valuable resources we have access to, it has never been easier to buy that retirement property. 
1) Tap into the equity of your home for the down payment. Either re-finance your existing mortgage or use an equity line of credit.  
OK but I can't afford to carry two mortgage payments can I...Problem solved! Yes you can, here's how... 
2) Rent the home until you are ready to use it for yourself, whether it be a weekly rental or a long term tenant.
But I live out of state, how would I handle renters?
3) A management company will handle the advertising, rental, cleaning and all other aspects of renting your property for you for a fee, usually a percentage of the rental.  If you are purchasing in a resort area such as The Outer Banks where weekly rentals are popular you can still rent your property and use it a few weeks a year until retirement.  Not in a resort area such as The Outer Banks, there is an excellent chance that a long term tenant would rent until you are ready to make the big move.
So now that you see how easy it is, make the call and get started today!



Kelly Dean Headshot
Author:
Phone: 252-207-3655
Dated: July 29th 2014
Views: 1,028
About Kelly: Recently featured on HGTV's Beachfront Bargain Hunt in Kill Devil Hills and Nags Head. Whether you ...

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