Here is another infographic you can use for a social media or blog post targeting potential contacts! How to retire without rent is hard to do! Feel free to share this image wherever you like, it can be downloaded right below the image!
Retiring without crippling debt is a goal everyone has. This can be easier said than done when maintaining a mortgage or rent.
Typical Planning
The average American adult retires at sixty-seven years of age. Depending on an individuals career and financial situation - this might seem like an unattainable goal. People need to work in order to maintain their lifestyle and one of the biggest expenses at any stage of life is housing. In order to retire, one must be able to sustain their lives without working and this can be really hard to do.
Social security payments go to the majority of those who retire and equate to a little under $1500 per month. These payments allow one's retirement account to not dwindle too quickly. The average 401k account balance is $190,000 in total. This may seem like a large chunk of money - but in actuality will not get anyone very far. This balance comes out to a little over $350 a month, which obviously won't cover a housing payment or anything like that.
These numbers pale in comparison to the average monthly mortgage payment of $1322. The age of 34 is when people become homeowners typically and their jobs cover their mortgage payments! This is great until one retires and the average monthly income is barely over eighteen-hundred dollars. This means that almost all of the monthly income of one who is able to retire goes towards a mortgage - which means that they can't really retire at all.
Planning ahead is key when it comes to retiring worry free!
Here is another infographic you can use for a social media or blog post targeting potential contacts! Feel free to share this image wherever you like, it can be downloaded right below the image! This infographic shares 8 important real estate hacks!
Use this infographic to help clients learn these eight important hacks. Starting with the obvious, it's important to hire a good agent and real estate team. Furthermore, an agent will often have a team they work with to expedite deals seamlessly. Next, it's a good rule of thumb to always get three bids. This comes into play when selling or doing any home improvements. Three bids are a good idea so that competitive pricing can be obtained.
Another hack that may seem like a no-brainer but is a common mistake is to buy smart. Buying smart means buying with the future in mind and with realistic expectations. Also, buying smart means to purchase a home within your means. Under budget is best! Why? Because closing costs, repairs, and renovations always cost more than initially thought!
Our next hack leads us to listing a home at the right price. This is key because the wrong price can lengthen the selling process and make the situation much more stressful than it needs to be. As a seller, it's important to really consider the first offer, especially if they are willing to negotiate. The first offer typically means an excited buyer which is great for closing a deal that is a win-win.
Finally, be sure to be able to qualify for a loan easily or have creative back-up options and above all else, know when to walk away if a deal just isn't right for you.