Reverse Mortgages are tricky… usually gives about 1 year time period to sell the home. My question I have is this… do you have enough equity to sell the property? Since it’s a reverse mortgage the payments which is deferred are tacked onto the principle of the loan… which means it is eating up your equity. If you hold it you might get an upside down house.

Run numbers on your own… make sure you have wiggle room for errors. I’m not sure what market/area you are in but majority of the market is still declining. My humble opinion.

Just remember… in real estate… your profit is made when you buy. Meaning you better get it at a discount. When you sell is when you realize your profit.

Good Luck.