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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