Downsizing

What other factors should I think about? Other things you might like to think about are affordability, crime rates, proximity to family, friends, schools, and...
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I’ve just bought a smaller home. Do I need to keep it insured until settlement?

It’s wise to insure from the moment you have signed a contract to buy your home. Risk passes from seller to purchaser, immediately upon purchase, even though you have not settled and taken possession of your new home.
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