Accepting low-ball offers
There are many seniors who find themselves in the position of selling their house for a bargain. Financial experts advise retirees to think twice before accepting the first offer.
You should be careful not to give too much of your home equity away. Your home equity might be tied up to your home, but don’t forget that it’s still value that belongs to you and gives you retirement flexibility.
Discussing the issue with a trusted local lender can help you understand what financial stakes you should take into consideration before deciding. It is highly recommended for you to be open to advice from people who can put things in perspective for you.
Next, always try before you buy…..
