What to do with funds from the sale of the home while looking for a new home

“I recently sold my home and have received a lump sum. I’m planning to buy another home very soon, but don’t need the funds in the meantime. Should I invest these funds alongside my other investments?”

If your intention is to buy a new home in the near future, locking your funds into long-term investments might not be ideal.

Long-term investment options, such as shares or way, you maintain flexibility and are better positioned to take advantage of the market when you’re ready to purchase your next home.

A financial adviser can help you weigh the benefits and risks based on your timeline and financial objectives.