Did you know the average American homeowner moves every five to seven years? Ranging from personal relationships to physical surroundings, there are many reasons why people sell their homes. Here are some of the most common ones.
#1 You’ve Outgrown It
A new addition to the family, whether it’s a baby or a family pet, can make your once comfortable home feel a little tight when it comes to space. If your family is growing and your house doesn’t feel like it has the room for you anymore, consider selling. Upgrading to more bedrooms and overall square footage might be what you need.
#2 Lifestyle Changes
After your children have left the nest, the amount of space left in your home might feel like a bit too much. Downgrading in size can save money and prevent too much empty space. Trust us, your 40 year old son does not need his childhood bedroom.
Other lifestyle changes that may require a move include a new job, different interests, or changing priorities.
#3 The Real Estate Market
Whenever you hear there is a change in the market and that homes are selling faster than before, you may suddenly get the urge to sell. Good market prices can be hard to come by, so if the opportunity arises, take full advantage of it! Just make sure you actually want to move.
#4 The Neighborhood
The neighborhood might have changed economically, socially, or in terms of infrastructure. Perhaps the overall area has developed in a way not to the residents’ liking: grown too commercial, too busy, too young, or too quiet.
#5 Financial Reasons
Money matters are another common motivation for moving. Not only do people’s incomes change over time, but the values of homes also change over time, introducing another factor.
These are some of the most common reasons why people sell their home, but remember that each person, family, and situation is unique. Don’t just sell your home because Mom thinks it’s a good idea. Sell your home because it’s the right decision for you.