Id be interested in feedback from anyone thats used Offerpad, OpenDoor or similar companies to sell their home.
My wife & I are 65, retired, have no mortgage and are looking to downsize from a 3K SF $500K home. We would like to sell before we buy to have the cash & time to get what we want. Seems like these OfferPad-type companies give you the flexibility to stay in your home after you sell it if needed which is a nice option to have.
I’d consider buying first if we found the right place but dont want to raid my qualified retirement investments or cut myself too short on my non-qualified investments that Im currently living on. I also looked into getting loan pre-approval but even though I have almost $2M in total qual & non-qual investments, the banks dont care and only wanna see an income stream (ie pension, SS, etc) which I dont currently have, to approve a loan!
Anyone feedback would be appreciated.
My wife & I are 65, retired, have no mortgage and are looking to downsize from a 3K SF $500K home. We would like to sell before we buy to have the cash & time to get what we want. Seems like these OfferPad-type companies give you the flexibility to stay in your home after you sell it if needed which is a nice option to have.
I’d consider buying first if we found the right place but dont want to raid my qualified retirement investments or cut myself too short on my non-qualified investments that Im currently living on. I also looked into getting loan pre-approval but even though I have almost $2M in total qual & non-qual investments, the banks dont care and only wanna see an income stream (ie pension, SS, etc) which I dont currently have, to approve a loan!
Anyone feedback would be appreciated.