Dean Lupson
Buy first , then sell
The other option for downsizers is to search and secure the right property to downsize into , then sell the family property afterwards . Like the option of selling first , you can purchase a property now with an extended settlement period to allow you to get all your affairs in place before selling your property . Purchasing a property with an extended period of settling is just as common as selling with an extended settlement period . The period can vary from 120 days to 180 days or even 365 days in some cases .
Right now we are witnessing a large number of downsizers purchasing property ‘ off the plan ’ where the developer and builder are yet to start the project , giving the downsizer plenty of time to reduce the size and amount of personal belongings prior to moving into the smaller home .
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