So sorry for your loss. I understand how that could make moving/downsizing(?) appealing. I think you're right, though, about not rushing into a decision if you don't have to. It's a big step, obviously.
I imagine you've already thought about all this, but when I looked into the possibility of "taking the money..." and renting for a while myself, there were several reasons that convinced me to stay put as long as I can manage my stairs...  Some of those issues were capital gains taxes; the hassle of moving; rental prices, lack of availability, and the high likelihood of continued rent increases; and if I decided to buy again, it would be at a much, much higher property tax rate, with California law being what it is. I decided that if/when I move, it will probably make sense for me to do a 1031 exchange, if I can find another property. (There aren't many single level homes around here.) Of course, many of these things may be very different where you live.
Whatever you decide, best of luck to you!
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