Talk of The Villages Florida - View Single Post - Buying on a fixed income?
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Old 01-02-2011, 08:20 PM
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Pturner Pturner is offline
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Hi Whartonjelly,

We bought home in TV while hubby is still full-time employed. Still own home in ATL, but it is paid off.

It does not take long to close on a home in TV, especially if you get pre-approved for a loan. Perhaps you could arrange to buy about a month or two before retirement. That way, you will be keeping up two houses for only a very short time, if that is your preference.

Since the housing market it so slow, maybe you could put your house on the market several months before you plan to buy. If you get a contract sooner than expected, your buyers will still time to get a loan and close, and you could always rent for a month or two if necessary.

Just some ideas. Everybody's situation is a little different.

Last edited by Pturner; 01-02-2011 at 09:56 PM. Reason: typos