Thinking about selling your house? As you make your decision, consider what's pushing you to think about moving.
A recent survey from Realtor.com looked into why people want to sell their homes this year. Here are the top two reasons (see graphic below):
Let's take a closer look and see if they’re motivating you to make a change too.
1. To Make a Profit
If you’re thinking about selling your house, you probably have a lot of questions on your mind. Well, here's some good news – the latest data shows most sellers get a great return on their investment when they sell. ATTOM, a property data provider, explains:
“. . . home sellers made a $121,000 profit on the typical sale in 2023, generating a 56.5 percent return on investment.”
That’s significant. And here’s one contributing factor. During the pandemic, home prices skyrocketed. There was way more buyer demand than homes available for sale and that combination pushed prices up.
Now, home prices are still rising, just not as fast. That ongoing appreciation is good news for your bottom line. Any profit you make can help offset some of today’s affordability challenges when you buy your next home.
Looking to uncover the current value of your home and stay in the loop about market trends in your area? Don't hesitate to reach out to me. I've got the insider knowledge to provide you with personalized insights tailored to your property and neighborhood.
2. For Family Reasons
Maybe you want to be near relatives to help take care of older family members or to have more support nearby. Or maybe you’re just eager to spend time together on special occasions like birthdays and holidays.
Selling a house and moving closer to the people who matter the most to you helps keep you connected. If distance is keeping you from being there for important milestones in your loved ones' lives, it could be the perfect moment to consider options closer to them. We're here to assist you every step of the way, feel free to reach out to us for guidance. The National Association of Realtors (NAR) says:
“A great real estate agent will guide you through the home search with an unbiased eye, helping you meet your buying objectives while staying within your budget.”
Bottom Line
Considering putting your house on the market? There's likely a solid reason behind that decision. Let's have a conversation to ensure you're making the right move to achieve your goals this year. Together, we can navigate the process and make informed decisions every step of the way.
