Quote:
Originally Posted by LynnDeb
We want to buy in TV also but a financial advisor with Edward Jones (we have 401k money in) told us NOT TO CARRY TWO HOMES in this economy....She told us to SELL our current home FIRST and have a CONTIGENENCY that until we CLOSE on NEW HOME we should buy... So my thought is she is right...
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I agree with that generally unless you have a large financial cushion.
Our first home in Hadley we bought and kept our larger home in Cincinnati. It was an emotional burden to have both. We would come home to find that a woodpecker had pecked a hole in our home in Ohio. We would worry about the house in Hadley being unused and unwatched. When we decided to move down here full time, We sold the home in Hadley and the home in Cincinnati and then set down to decide which home on which lot we wanted here. We rented while our home in Laurel Valley was being built.
I am always of the opinion to never get in over your head in ANY situation. That said, there are choices here for (almost) any pocketbook.
That's our story.. Hope it helps.