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Daily Real Estate News  |  March 17, 2010  |   Tips for Boomers: Benefits of Downsizing
For anyone approaching retirement, now could be a great time to move.

Here are some tips for Boomers considering downsizing:
  • Don’t miss out on the $6,500 move-up tax credit.
  • Consider a short-distance move if it provides savings and convenience.
  • Anyone moving out of state should figure the tax consequences in their new location.
  • Consider a property that offers features allowing Boomers to age gracefully.
  • Think about sharing space with a younger (or older) family member.
  • Insist on good security in the new property.
  • Look for homes that don’t require a lot of maintenance.
  • Go green. It will pay off down the road.

Source: Forbes, Ashlea Ebeling (03/16/2010)

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