Follow Your Gut Instinct...it will lead you where you want to be.
The thought has crossed your mind-but you aren’t quite ready yet; your gut is telling you NOW IS THE TIME to do it; but still you aren’t quite ready. You’re thinking “if I wait another year it’ll be even better." Well, maybe not! Remember what you've been told and probably passed along to others...."always follow your gut".
If you have thought about taking advantage of today's low prices you are not alone! With lower lakefront home prices and record-low interest rates, some baby boomers are buying their dream retirement homes on Lake Greenwood — several years before leaving the workforce. More and more are realizing that buying a prime lakefront lot suited to the type and style house they want to build is now a more economical option. Add in that there is no time frame to start building makes it a “no brainer” for some. Some lakefront communities on Lake Greenwood have HOA dues as low as $100 a year and for some of the most sought after communities the HOA dues is a mere $300 a year. Consider the fact that some lots are $100,000 less than they were 3-5 years ago….financially today's buyers still come out ahead. For those who are opposed to building here is some food for thought for you.
Real estate is local and each area has different statistics but this is a trend that is being seen nationwide. William Filbin, a ReMax Broker in Florida said “'We’re now seeing people purchasing homes five or six years, sometimes more ahead of their planned retirement. It’s an opportunity that’s hard to resist.” According to the S&P/Case-Shiller home price index, “Home prices nationwide are down 32% from their mid-2006 peak.” Take it a step further and factor in rates at historic lows with the 30-year fixed-rate around 4.2%. The question with most people considering this is, “What would I do with the property when I have so much time before retirement? To help cover the expenses of an extra loan and other bills — like utilities and property taxes — some pre-retirees are renting their homes out on long-term leases. More and more people are discovering Lake Greenwood and some want to rent for a year or so while they explore the many areas and communities. Requiring references and doing a little investigating can make all the difference. There are also reputable companies who can handle the rental for you for a small fee.
Having a full time, REALTOR® who is experienced in the area which you are considering is an important 1st step. Even if you are a year away from making the decision they can give you the best guidance and should be able to put you in touch with other credible professionals to answer questions that you need answers to. If you’ve never heard of Lake Greenwood, SC and retiring on a lake in the south is part of your retirement plan, you owe it to yourself to find out more. Lake Greenwood is one of the most beautiful and affordable lakes in South Carolina with a little something for everyone. The Bradshaw Group of Lake Greenwood would love to help you get acquainted with the area.