Heading into retirement, it’s more important than ever to know just how much house you can truly afford. Many homebuyers got in trouble during the recent housing crisis because they followed bad advice, even though they were afraid it sounded “too good to be true.”
Before talking to a community sales agent or other real estate agent, meet with an independent financial advisor to review your retirement savings. Don’t forget to plan for retirement goals like travel or recreation expenses. Once you know how much you can truly afford to spend on your retirement home, it will be easier to stick to your budget while home shopping and negotiating the sale.Review Your Finances and Retirement Goals.