I really think you need to just take a deep breath and decide where you would be the happiest. Many boomers right now are in your shoes. Some have sold their home and moved around to a few states. I know of three couples who moved based on where their grandchildren were.
One even moved twice - as soon as the older grandchildren didn't need the grands so close - they moved to where the younger ones were.
You've paid your dues to society - you've gotten to a place where you sold the homestead - and it's time to move on to the peaceful place you have in mind - but haven't verbalized yet.
Don't be afraid - thats for us up and comers... who can't wait to be in your shoes! There is a whole market out there tailored for just your age group. Here in Georgia we have boomer properties in country and urban settings. Some in the beautiful mountains at the base of the Smoky Mountains - BEAUTIFUL isn't word enough to describe it.
The best part of these boomer communities is that they have a price for every level... there's the simple to the ostentatious... you set your budget that fits your lifestyle. You can get a low maintenance home & the community takes care of your lawn while you are out traveling the globe!
Be adventurous - don't limit yourself! Take the time to smell the roses!! Let me live vicariously through you! Send us updates on what you decide - we're counting on you!
You previously sold your home and are now renting. Wondering why you did not repurchase at that time?
Sounds as if this is not your first home...Buying a property at any age is a stressful event.
Sit down with the yellow note pad and list the pro's and con's. Also, please talk with your financial advisor.
Being a first-time homebuyer can be a scary process, that's for sure. It's okay to have fears, but often times, if you break down your fears, they can each be addressed in a way that may take much of that fear away.
Sometimes, the 'unknown' is what is most scary, so shedding light on all of that can be a good first step.
If you have a financial planner, now is the time to sit down with him or her and review your portfolio. Weigh the pros and cons based on your life-goals.
If you decide to move forward, or even if you just want to talk to a real estate professional, I would recommend you speak with a Realtor who has a Senior Real Estate Specialist (SRES) designation. These professionals specialize and our well-versed in senior issues and the needs of homebuyers over 55. Maybe just a conversation alone with an experienced SRES-designated Realtor may help you towards the right decision.
Best of luck in making your decision!