VOLUME 3, ISSUE 30
FRESH ON THE MARKET
2109 Justin Lane, Greenville, NC Listed by Jessica Snyder 252-412-3001
Jessica F. Snyder, Realtor, Broker Renee L. Gibson, ABR, CRS, GRI, SLS, SRS, SRES Realtor The Snyder Real Estate Group at Aldridge & Southerland Realtors
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Spotlight on Real Estate, Friday, July 29, 2022
RV buyers’ guide
A recreational vehicle, also known as an RV or a camper, can be a worthwhile investment for people who want to travel at their leisure. RVs offer the benefit of traversing the open road without having to sacrifice the comforts of home.
The RV market has been hot over the last couple of years as people have looked to RVing as a safe way to travel. According to the RV Industry Association, shipments of travel trailers and motorhomes were expected to hit their highest level on record in 2021, with more than 533,000 units sold by year-end. Sizable purchases are seldom easy, and purchasing an RV is no exception. In addition to choosing the right vehicle, RV owners must learn maintenance, how to drive a large vehicle, towing, and campsite etiquette. Buying an RV is a long-term investment. These
pointers can help the purchase go smoothly. New or used? Purchasing a used RV can help people save money. However, upgrades and repairs may be costly. New RVs have the latest technology and no risk of prior wear and tear. Insurance premiums will be higher for a new vehicle, and a new purchase can be expensive depending on the features chosen. Figure out features and size are sleeper vans and are smaller Take a hard look at what you than Class A. Class C rigs offer are seeking in a camper. Do size but driveability and are built you want something that is just into a regular truck chassis. For an alternative to tent camping? trailer-style RVs, the options are Are you interested in an RV that foldable trailers, travel trailers, can sleep a crowd? Do you have toy haulers, and fifth wheel a tow hitch and a vehicle capable trailers. They vary in size and of towing an RV? These ques- features; but you’ll need a truck tions and more will determine to tow them. the style and size of the RV that’s right for you. Class A RVs are Usage frequency large, bus-shaped rigs between When considering an RV, think 20 and 45 feet in length. Class B about how often it will be used
and where it will be stored when not in use. Garage storage may be challenging on a larger rig, and some housing communities frown upon parking RVs in driveways. This may affect the size you choose as well as the features you need, according to KOA, the RV camp site leader.
need to go with the dealer. Also, when buying a trade-in or used rig, hire a third-party inspector to go over systems to ensure they’re in working order.
These are just a few things to consider when looking to purchase an RV. Buyers should do their homework to get a vacation Secure financing vehicle that fits their needs and As with other vehicles, shop budgets. around for the best rates on financing; you don’t necessarily -Metro Content
Spotlight on Real Estate, Friday, July 29, 2022
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Why it pays for seniors to maintain good credit
The benefits of maintaining good credit include looking more reliable in the eyes of prospective employers and securing lower mortgage interest rates when buying a home. Those rewards can benefit anyone, but they’re especially enticing to young people. But what about seniors? Do individuals stand to benefit significantly from maintaining good credit into their golden years?
Even seniors who have paid off their mortgages can benefit from maintaining good credit if they decide to downsize to a smaller home but cannot afford to simply buy the new home outright.
According to the credit reporting agency Experian, senior citizens tend to have the best credit scores of any consumer demographic. That could be a byproduct of years of financial discipline, and there are many benefits to maintaining that discipline into retirement.
· REWARDS: Retirement is often associated with travel, recreation and leisure. Such pursuits can be more affordable when seniors utilize rewards-based credit cards that help them finance vacations, weekend getaways and other expenses associated with traveling. Seniors who maintain strong credit ratings into their golden years may have more access to the best travel-based rewards cards than those whose credit scores dip in retirement.
· HOME BUYING AND BORROWING: Buying a home is often considered a big financial step forward for young people, but that doesn’t mean aging men and women are completely out of the real estate market. In its 2020 “State of the Nation’s Housing” report, the Joint Center for Housing Studies of Harvard University reported that the share of homeowners age 65 and over with housing debt doubled to 42 percent between 1989 and 2019. In addition, 27 percent of homeowners age 80 and over were carrying mortgage debt in 2019. Maintaining strong credit after retirement can help homeowners who still have mortgage debt get better terms if they choose to refinance their mortgages.
· UNFORESEEN EXPENSES: No one knows what’s around the corner, but savvy seniors recognize the importance of planning for the unknown. The COVID-19 pandemic seemingly came out of nowhere, and among its many ripple effects was the sudden job loss experienced by seniors. The JCHS report found that 21 percent of homeowners age 65 and over had reported loss of employment income related to the pandemic. Unforeseen medical expenses also can compromise seniors’ financial freedom. Maintaining a strong credit rating into older adulthood can help seniors navigate such financial uncertainty more smoothly. Such a strategy can help seniors secure low-interest loans
or credit cards that can help them pay down sudden, unforeseen expenses without getting into significant debt. The importance of a strong credit rating is often emphasized to young people. However, a strong credit rating can be equally beneficial for seniors. -Metro Content
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252.355.5006 1.800.326.5006 P R E F E R R E D R E A LT Y
211 East Arlington Blvd., Greenville, NC
215-0015
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3208 Charles Blvd.
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Spotlight on Real Estate, Friday, July 29, 2022
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Every Saturday, this SPOTLIGHT ON REAL ESTATE will showcase area homes for sale in and around Pitt County.