Popular options for home sale profits. Some people may be selling their current house in order to buy another. In that case, money from the sale may be needed as a down payment for the new home. However, not everyone is ready to make a purchase.
While home ownership is a worthy goal, some people would rather give up the keys and rent instead. “They want to lock the door and go on vacation,” – that the maintenance of a house can be a hassle.
For those not buying a new house, paying down high-interest debt is a logical way to use cash from a house sale. Buffing up retirement savings is also a good idea.
Other sellers are looking to do something a little more fun with their home sale proceeds. “We see a lot of people buying a vacation home or a second home” , that seems to be a popular option. Buying a second home, going on vacation or splurging on a luxury is perfectly fine so long as it fits with a family’s priorities and finances.
Halsey is the real estate & property management realtors in Jonesboro, AR for Residential & Commercial rentals. Find apartments, house & rental homes for sale in Jonesboro, AR.