By Michele Lerner SPECIAL TO THE WASHINGTON TIMES
Wednesday, November 23, 2011
If you long to retire within sight of the Chesapeake Bay, by the shores of Deep Creek Lake or atop the mountains at Wintergreen, you may be thinking about taking advantage of today’s low interest rates and affordable prices to buy your golden-years dream home right now.
Financial advisers and Realtors suggest that while this might be the right move for some homeowners, the decision to buy a second home should be made only after careful consideration of the impact the choice would have on finances and lifestyle.
“The first and most important consideration is to make sure that buying another home doesn’t compromise your overall financial plans,” said Ronya Corey, a financial adviser with Merrill Lynch in the District.
Buying or selling real estate in Garrett County or Deep Creek Lake, Maryland? Call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues!
