Are you thinking about selling your home in the near future? As you move forward with your decision, think about what the exact impetus for the move is. A recent release from Realtor.com has uncovered more as to why people are moving lately and there have been a couple of primary reasons. The number one reason was to make a profit followed by family reasons as second place. Here’s a better look.
For a Profit
If you are thinking of a sale soon there are probably a lot of questions that you may have with regards to the equity you may have. The good news is that according to ATTOM, a property data provider “ home sellers made a $121,000 profit on the typical sale in 2023, generating a 56.5 percent return on investment.”
This is a noteworthy amount of an increase and in large part is due to how home prices skyrocketed during the pandemic. The combination of buyer demand outweighing housing stock has pushed home prices up. These days home prices are still increasing but at a slower and more of a “normal” pace. The continued increase is good news for those who want to sell and can help offset any challenges you may have affording your next home. If you have any questions about what your home may be worth now, please feel free to contact me!
For Family Reasons
It may be that you wish to live closer to your family to help care for those who are older or for the support needed for yourself. Or maybe you just wish to be closer to spending more quality time with those who you love.
Selling a house and moving closer to the people who are important to you helps keep you connected. If the distance is making you miss out on some key events in your lives, it might be time to talk to a local real estate agent like myself to find a place that is nearby. 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.”
