Are you ready to retire and relocate to beautiful sunny Central Florida? Purchase a home that you can customize to your liking with the help of our professionals at Cactus Land Holdings. These tips can help you determine your best option when you move to your new retirement property.
Upon retirement, many people choose to downsize to a smaller home or relocate to a favorite place, like Florida. The challenge is determining whether to buy or move before or after you sell your current home. The following tips can help you make the best decision for you.
What are the benefits of buying before you sell?
If you’ve planned your retirement and you’re financially secure, there are benefits to buying a new home before you sell your current one. You won’t have to stress about rushing to pack and move into your new home by a deadline. When you still own your current home while choosing your new one, you have control over your move and can work at a comfortable pace. Staging a home for potential buyers is also much more manageable once all of your personal belongings have been moved out. Your home will be more enticing to potential home buyers when they know they can move in immediately after closing the sale.
What are the benefits of selling before you buy?
When you are retired, you may not be in a position to buy or commit to selling your home before. However, you’ll have the peace of mind of how much money is available to you from the sale of your home. This will also put you in the right place to negotiate the cost of the house you want to purchase. You won’t have to endure the stress of waiting for your home to sell and how long you’ll have to pay taxes, make mortgage payments, or insure two residences.
Contact us for more information about how you can retire in a house that you get to customize to your liking with Cactus Land Holdings.