Real Estate Hot Spot for Retirees
RealtyTrac recently released a report showing the top cities attracting real estate investment. Hot Springs Village made the list!
Many soon-to-be retireees are investing in properties now while the prices are still low and using their retirement accounts to pay cash via a Checkbook IRA. Then they are renting out the properties as short-term and vacation rentals and managing the property within their IRA. Check with your accountant on the benefits of using your retirement funds to invest in real estate now, and if it's the right option for you.
Baby Boomers started to retire a few years ago, and will continue to retire in great numbers for the next 10-15 years which will fuel the retirement-home buying market . . . in the desirable places to retire like Hot Springs Village.
The median sale price for homes in Hot Springs Village is approximately $170,000, and the annual percent increase in home prices is approximately 26% . . . time to buy, whether you are paying cash or getting traditional mortgage financing.
Check out some of the amenities Hot Springs Village residents enjoy.
- Cheryl Bourland's blog
- Login or register to post comments
Google+
Information Deemed Reliable but Not Guaranteed. CENTURY 21 H.S.V. Realty is licensed in the state of Arkansas. CENTURY 21 and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. H.S.V. Realty, Inc. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Century 21 Real Estate LLC nor any of its affiliated companies.