Retireby45ish
Recycles dryer sheets
- Joined
- Dec 8, 2018
- Messages
- 209
Hi all,
DW and I had planned to move to another state in about a year or so. We live in a more rural area where homes usually take 2-3 years to sell. However the market got hot here last year and we listed the house for a bit more than we normally thought we might get. Figured if someone comes along and made us a great offer we would take it and move our timeline up. This would also combat the possibility of us wanting to move in a year and no buyers coming along for 3+ years and we’d be “stuck” for a while.
So we did get an offer and are seriously considering it... Lots of thoughts/questions swirling now. The big ones are.
1. We can live rent free for about 9 months at a family cottage. This is in the location we wanted to move to so works perfectly for scouting the area. This gives us somewhere to land and we can rent after that if we haven’t found anything. But I worry housing pricing will continue their insane climb and we could end up with a market that is 10% higher than now. Like everyone else who can now work remotely, we are looking at a highly desirable medium sized town.
2. Where can I possibly invest the $ from the sale to protect against rising home prices? Some kind of builder REIT? I’m afraid of selling and getting priced out.
Thanks in advance for your thoughts.
DW and I had planned to move to another state in about a year or so. We live in a more rural area where homes usually take 2-3 years to sell. However the market got hot here last year and we listed the house for a bit more than we normally thought we might get. Figured if someone comes along and made us a great offer we would take it and move our timeline up. This would also combat the possibility of us wanting to move in a year and no buyers coming along for 3+ years and we’d be “stuck” for a while.
So we did get an offer and are seriously considering it... Lots of thoughts/questions swirling now. The big ones are.
1. We can live rent free for about 9 months at a family cottage. This is in the location we wanted to move to so works perfectly for scouting the area. This gives us somewhere to land and we can rent after that if we haven’t found anything. But I worry housing pricing will continue their insane climb and we could end up with a market that is 10% higher than now. Like everyone else who can now work remotely, we are looking at a highly desirable medium sized town.
2. Where can I possibly invest the $ from the sale to protect against rising home prices? Some kind of builder REIT? I’m afraid of selling and getting priced out.
Thanks in advance for your thoughts.