DOWNSIZING IN AUSTRALIA
Sell first, then buy
To sell first you will need to talk with a trusted local expert on
the current market value of your home and what you might
receive once the property is sold, including all the fees and
charges involved.
Selling first can be quite daunting to most seniors, as
not knowing where you will be moving to next can be
overwhelming.
A comforting option that has become quite common for older
Australians is selling their home with an extended settlement
period. A standard settlement period is around 30, 60 or 90
days, depending on the state you live in.
Of late, downsizers have been able to secure a 12-month
settlement option, which then allows them to take their time
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