In retirement, selling your home to purchase a less expensive property relieves you of making large mortgage payments with your limited retirement income. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we find that a lot of seniors don’t want to carry a mortgage into their retirement. If you have an amount of debt when you’re in retirement, it can be a burden which you’re contractually and legally bound to pay it off. If the market doesn’t do very well, your investment assets go down and you’re on the hook for some amounts—that may be stretching your budget a bit. Check out below to see what sold in Country Club Village in September 2020:
16400 Forest Lake Drive, Northville: 2 bedrooms, 2 bathrooms, 1,229 sq. feet, 2 car garage, Sold Price: $303,000
Country Club Village Home Sold
September 2020
16388 Forest Lake Drive, Northville: 2 bedrooms, 3.1 bathrooms, 1,519 sq. feet, 2 car garage, Sold Price: $339,900
Country Club Village Home Sold
September 2020
Likewise, if your current home is paid off, but you’re carrying credit card, student loan, or any additional debt, selling with the intention to move into a lower cost living situation gives you an opportunity to pay these off. For more information on Country Club Village, or similar Northville or Novi neighborhoods such as Blue Heron Pointe, Island Lake Arbors and The Villas of Northville Hills Golf Club, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.