Why would retirees buy Sequim homes before they even move to Sequim? Is this really happening? Yes it is. I’ve sold four homes recently to clients I represented as a buyer’s agent, and they will not be moving to Sequim for one to two years. Are they going to rent their new homes to tenants? Absolutely not. Why would they buy homes before they even move to Sequim? Here is their reasoning.
Sequim Homes Selling to Retirees Early
“Why are we looking at Sequim homes two years before we move here? Because we think that if we wait two years when we are both retired, several things will happen. Interest rates are going to go up for sure. And we have noticed that the homes we really like on the MLS are selling, so the home we want may not be available in two years because it will have sold to someone else. And we think prices are pretty much at a bottom or somewhere near the bottom. But even if prices are not at the absolute bottom, we are buying our retirement home to live in it the rest of our lives. This is a 20 plus year investment for us, not a short term investment.”
My commentary on this is that I totally agree, and I’ve written articles about these very issues, which admittedly these clients have read. But they also did their own due diligence, are very intelligent, and drew their own conclusions about their financial future and their retirement plans to look at Sequim homes and the timing to buy one.
Sequim Homes – Timing is Everything
Another couple said, “We planned to retire in Sequim in about one year, but we decided to buy now, primarily because we think we think we can do much better buying now than waiting a year, but also because we have the funds and do not feel comfortable parking our money anywhere else. We don’t feel at all comfortable with the stock market, and our financial adviser seems to use a dart board to make investment decisions with our life savings, and even though we get barraged by T.V. commercials to buy gold, we think gold has probably already peaked and we are not interested in gambling with our retirement funds. A home in Sequim, which we plan to buy anyway, seems like the safest place to park our money right now.”
Another couple said, “We haven’t sold our home in Illinois yet, but we have decided to move to Sequim, and we have the funds to close now with a small loan. We think it’s wiser to buy and close now than to wait another year or two. We’re not interested in renting, so we will support two homes for a while, but we can do that, and we’re more comfortable with that than any of our other options.”
This is why retirees are buying Sequim homes now even though some of them are not planning to make the final move for one or two years.
Last Updated on November 17, 2011 by Chuck Marunde
