Even with the recent drop in home prices, the real value of a home in the U.S. has more than doubled in 10 years. While it looks very attractive, the declining real estate market makes it difficult these days. Here are seven strategies on how to handle real estate.
● Figure out the value of your real estate and find a new place where you would love to live before you decide to sell it.
● Calculate how much you need to live as you approach retirement, and run those numbers without including real estate sales.
● If your home is worth a lot, and you don’t mind moving to cheaper digs, you can unlock a lot of extra retirement money by downsizing. The sooner, the better.
● Don’t put more than one-third of your money in real estate.
● Thinking carefully before buying a second home. You can take a long vacation or rent for a while before you decide to move to a new places.
● Get ready for alternative strategies. Once investment in real estate does not work out, you would better think about other ways to deal with investment.
● When the real estate market is declining, cutting the selling price early to win a buyer rather than letting a property sit on the market.
● Figure out the value of your real estate and find a new place where you would love to live before you decide to sell it.
● Calculate how much you need to live as you approach retirement, and run those numbers without including real estate sales.
● If your home is worth a lot, and you don’t mind moving to cheaper digs, you can unlock a lot of extra retirement money by downsizing. The sooner, the better.
● Don’t put more than one-third of your money in real estate.
● Thinking carefully before buying a second home. You can take a long vacation or rent for a while before you decide to move to a new places.
● Get ready for alternative strategies. Once investment in real estate does not work out, you would better think about other ways to deal with investment.
● When the real estate market is declining, cutting the selling price early to win a buyer rather than letting a property sit on the market.
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