Insurance Question regarding Home I have and one I want to buy?

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Hi! I am currently living in a home and am looking sell this one and purchase another one to move into in a safer and better neighborhood. Two : questions: Should I buy first or sell the one I am in first? ( I inherited the house and it is paid for). Second, How does the insurance work, as one will be empty or semi-empty ( the one I am in now) if I find a new house first, and move into it. Should I keep the same insurance company I am with ( who is barely insuring this one I am in) , or search for a new one with the new house? Some insurance companies won’t insure a vacant house ( ie. State Farm). How does the insurance thing work in the buying and selling process, and will that influence or impact my decision to buy or sell first? Thank you so much!

  1. Reply
    July 21, 2011 at 3:43 am

    not a good time to sell. This is a good time to buy.

  2. Reply
    July 21, 2011 at 4:42 am

    I recommend that you keep the home that you have and turn it into a rental property.

    As a rental property it will be a source of income as well as appreciation.

    You will find that it will be a welcome addition to your retirement package.

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