5 Big Mistakes That Retirees Should Not Make With Real Estate

1. Failing to 'audit' the situation

It might come as a surprise, but many retirees forget to assess their current real estate situation to make sure it meets their future needs, according to David Reiss, professor of law at Brooklyn Law School.

2. Waiting too long to make a move

3. Making snap judgments about where to buy

4. Using retirement funds to pay off your mortgage

5. Deeding property to children

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