Retire VA 21-22 - 10

" If you're moving to a retirement
She says that clients are seeing
community, it makes sense. If
downsizing, consult with an accountant
and investment advisor. People moving
are coming into a lot of money and if
they don't immediately roll into a house,
the tax penalty is high. Right now money
market rates and CDs are pretty anemic
and most seniors don't want to risk the
stock the market. "
Jones says, " Most retirees in the Smith
Mountain Lake area move off-water to
maintenance-free communities or closer
to their families. If they have a place
to move to, which has been the issue,
selling now is the best time ever with low
interest rates and high sales prices. "
" typically three or four offers coming in
and we're seeing cash deals, as-is, etc.
The concern is that if the seller is trying
find a home, it's very difficult because of
the inventory shortage. "
Jones says that " most homes at the
Lake are second homes. Retirees are
starting to see that with restrictions
lifted, they can now get out and they are
starting to look for properties. It has to
do with people getting the Covid vaccine.
Three or four months ago they said they
wanted to sell once we got the vaccine.
Now we have it. "
Ballentine says, " People in general are
fleeing urban environments and that is a
Roanoke homes are selling rapidly, real estate
experts say.
10 / Retire-VA.com / RETIRE-VA 2022
http://www.Retire-VA.com

Retire VA 21-22

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