"Offer a high deposit and close within two weeks," Walls said is her rule of thumb. "Offer them 50 percent, and bingo you'll get it."
Build a strong team around you
"You want to choose your partners wisely," said Desich of Equity Trust, which hosts a Networking Conference for its clients each year. "Biggest point outside the IRA, we help to connect the dots. Whoever you use, you need to have an attorney or accountant you work with who can help you; or find a custodian who can help you answer questions. We're not all created the same."
To choose the top 15 cities, RealtyTrac started with all cities with at least 33 percent of the population aged 65 or older based on U.S. Census data. RealtyTrac further limited the list to cities with a positive capitalization rate (net annual income as percentage of the purchase price) using average rents on three-bedrooms home and the median sales price in May 2013. To arrive at the final rankings RealtyTrac sorted the list by annual price appreciation and picked the top 15 based on that metric. Also included in the data are other metrics that may be important to retirees: average annual temperature, annual chance of sunshine, and cost of living index where 100 is the national average.
Data Licensing and Custom Report Order
Investors, businesses and government institutions can contact RealtyTrac to license bulk foreclosure and neighborhood data or purchase customized reports. For more information contact our Data Licensing Department at 800.462.5193 or firstname.lastname@example.org.
About RealtyTrac Inc.
RealtyTrac (www.realtytrac.com) is the leading supplier of U.S. real estate data, with more than 1.5 million active default, foreclosure auction and bank-owned properties, and more than 1 million active for-sale listings on its website, which also provides essential housing information for more than 100 million homes nationwide. This information includes property characteristics, tax assessor records, bankruptcy status and sales history, along with 20 categories of key housing-related facts provided by RealtyTrac's wholly-owned subsidiary, Homefacts®. RealtyTrac's foreclosure reports and other housing data are relied on by the Federal Reserve, U.S. Treasury Department, HUD, numerous state housing and banking departments, investment funds as well as millions of real estate professionals and consumers, to help evaluate housing trends and make informed decisions about real estate.
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