The majority of Americans who are of retirement age, or are approaching retirement age own a home - but that doesn't necessarily mean the house is paid for. While some people may own a home that is paid off in full, many others can expect to have a mortgage into their 70s and beyond. The Social Security Administration reports that 80% of those near retirement have $150,000 in debt with $100,000 plus being their housing costs.
Delaware is a retirement hot-spot. Our sandy beaches, proximity to urban cities and generally low property tax rates make it an ideal spot to retire. If you are planning to purchase a retirement home in Delaware, consider the following tips:
Delaware residents who are seeking personal attention and professional service when purchasing a home may be interested in more information about our firm's real estate transaction practice. Whether you are buying your first home or seeking a second home for vacation or investment purposes, we may be able to help.