Is It Okay to Sell Your House and Rent in Retirement?

The housing market remains strong in North Carolina and throughout much of the country, which creates an interesting option for many people moving in retirement. Should you go ahead and sell your home to take advantage of the current home values and rent until you’re ready to buy your next place?

Today we’ll tackle a question that came in to us recently and asked about this same scenario:

The housing market in my neighborhood is still really good right now and I’m tempted to put our house on the market and get top dollar for it. We’re going to retire in 2-3 years and would be moving at that time anyway. Of course, I’d need a place to live for those next 2-3 years after selling; would it be dumb to rent something for that period?

Find out why we think most people are going to be better off owning their home in retirement and how renting could play into that process in a positive way.

 

Here’s some of what we discuss in this episode:

0:00 – Intro

1:29 – What we’ve seen

6:20 – Interest rates

7:09 – Lifestyle consideration

 

Connect with us:

Web: https://rosewoodwealthmanagement.com/

Phone: 919-391-3446