Sell while you can! We are on an unsustainable housing market path IMO (regardless of election results).
I am trying to get my parents to sell now instead in say 3 years when their house will be worth less and slower to sell.
Could they rent if they sold? Depending on the house they could grab a decent amount of cash to invest.
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My parents are late 70s pushing 80. They need to (well they don’t realize they need to but...) downsize to a single level home from the 2 story on 5.5 acres they have been in since ‘77. So yea there is a lot of equity sitting there.
My parents are a similar age and did this a few years ago. They are in Sun City Center, FL, now with the rest of the aging boomers. No lawn work, no pool maintenance, and just a small 1 floor house that's easy to maintain. Plus a very active neighborhood to keep them busy. They now have several relatives on my moms side that live on the same street