Change is good isn't it--but stressful

Bonnie and I are both going to be retired soon. We have been looking into the Gulf Coast of Florida. Clearwater {where GreatGrandfather Alexander lived} is a good place. Florida has beeen hit very hard by the new Depression. Property values are in the 30's and 40's thousands of dollars. We have a CD (we have several) coming out on October 4. We are going to go down to Clearwater and meet with the agent. We have already looked at the properties we want and narrowed them down to a few. We will find an agent that we like--show her our needs and look the town and units over. On or just before the 4th of Oct. we will begin the process anew and purchase with cash if the banks give us a hard time. I don't know if they will be lending by then--depends on how well Obamas Toxic Assets project for the banks goes. I can't imatgine why anyone would willingly buy a Toxic Asset. We lost 10% of our assets in the first 10 days of October 2008.
That's why the remaining 90% we have is in CD's--at least they are guarranteed 5% return. Our preference would be a Mortgage of around $200 per month. If not a Reverse mortgage on the GHI house in Greenbelt. If not that then cash from that CD. It will be income producing property for part of the year and our winter residence for part of the year. Bon gets depressed in winter and I have Seasonal Affective Disorder (SAD). But this is a stressful time. Even if we are well into our sixties and should be able to live well on our pensions and our Social Securities plus the CD's, it is still scarey to spend $35,000.00 for a place that we wouldn't be living in for the entire year. The Reverse Mortgage would be used to pay off the Greenbelt home and then pay the Condo fee on the place in Clearwater. Bonnie says it is a wonderful little town. She visited the Alexander's several times when she was married to Richard. This might not happen, but it might. It is worth taking the trip down this Spring to see what's up. We have 7 months to buy the place in Clearwater if we do so.