Out of State Buyers: What to Know Before Buying Your Retirement Home

Baby Boomers are changing the face of retirement. So what does that mean for you if you were born between 1946 and 1964 and are now looking at your retirement options? There are plenty of reasons you might want to consider leaving where you live now for a home in a more retirement-friendly city. If you have to sell a home before you do that, the process can feel overwhelming. But it doesn’t have to, and Prime Mortgage Lending can help. Here are some things to consider if you’re an out of state buyer interested in moving to Western North Carolina.


If you’re on this blog, it seems like you may already know where you want your retirement home to be. And it’s no wonder. Asheville is an amazing town full of natural beauty, artistic culture, and potential resources to build community.

But location needs to be drilled down further than simply “Western North Carolina.” Even Asheville may be too broad. What area of town do you want to live in? How close to Asheville or Hendersonville do you want to be? What kind of neighborhood do you want?

Location involves more than just the physical placement of your home. Different home inventory will be available around the area, so if you’re specific on a style or type of home, you can narrow down the choices by the available homes in the areas you’re more interested in living.


You have planned for this day for a long time. Your retirement came with a price tag attached, and was made possible by every financial decision up to this point. If you’re ready to buy a retirement home, this picture will come in to full focus with the help of a mortgage lending partner.

There are many things that can affect your ability to buy a new home in Asheville. Your savings, social security, investments, potential income, and more all impact how much you can spend on housing. There are additional costs that you may not be taking into consideration as well. For instance, what are your out of pocket healthcare costs?

And, depending on your financial situation, you may need to decide between financing a new home or paying in cash, either of which can present both pros and cons. And your choice regarding loans will impact the amount you pay each month and what you can live on in your retirement.


Finally, buying a home isn’t a simple transition with a single cost. You will need to take additional aspects of your new home into account when making a decision to move to Asheville. Taxes and insurance need to be factored in, as well as maintenance and upkeep. And, let’s face it out of state buyers, if you’re looking at a retirement home in Asheville these are probably aspects you’re not interested in doing yourself.

You may be making a choice between a newer home and an older home. Just within the Asheville area you can find homes built anywhere within an over-100-year spectrum. Not only will there be more maintenance on an older home, but there may also be necessary upgrades to make the home livable.

The idea is to enjoy retirement in the mountains, and additional work on your part won’t be conducive to a new, slower-paced southern Appalachian lifestyle.

There are some things that are good to know about buying your retirement home out of state. Many people assume that you must sell your current home before making an offer on a new one. The stress of maintaining two properties, especially when they’re states away, can feel overwhelming. But the process doesn’t have to be.

Out of State Buyers – To learn more about how Prime Mortgage Lending and Zachery Adam can help you, contact us today.

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