Reentering the real estate market often feels much smoother with a clear idea of where you want to buy and your ‘must-haves’ and ‘dealbreakers.’ Giving a sales agent a clear picture of what you’re looking for will help them find your new home.
Take your time and talk to a few different agents before you decide. Ask them about the state of the property market, an indication of what your property might be worth and the best strategies for marketing and selling your home.
Buying a new home, over moving into a retirement village, means buying the full land title over the property. This is often not an option in retirement villages. Your new home will become another asset and hopefully continue to appreciate over the years, providing you capital gains.
Consideration of community is important when investigating your downsizing property options. If buying a new home, your neighbours will likely consist of a diverse range of people, at different stages of life, rather than a more tailored community like you may find in retirement villages.