If you’re debating whether or not to put your house on the market this year, it’s important to take the time to consider your personal objectives.
A recent survey by realtor.com uncovered two of the top motivations for homeowners looking to sell: tied-for-first were requests from family members and an upgrade in housing size (as seen in the provided graphic). By understanding why you want to move, you’ll be better able to make a decision that fits with both your lifestyle and budget.
Let’s break those reasons down and explore how they might resonate with you.
I Want To Take Advantage of the Current Market and Make a Profit
Good news for homeowners hoping to sell: the latest data shows strong returns on investment. ATTOM reports that, on average, sellers should expect a good payoff from their home sale. So if you’re thinking of selling your house, it’s likely worth considering.
The $112,000 profit on median-priced home sales in 2022 represented a 51.4% return on investment compared to the original purchase price, up from 44.6% last year and from 32.8% in 2020.
It’s true that home prices have gone down in certain markets, but there’s still an overall increase when compared to a few years prior. To gain a better understanding of house prices in your area and the value of your own property, it’s best to employ the services of a local real estate professional. They will provide you with helpful insights as to how much you can potentially make from selling this year.
My Home No Longer Meets My Needs
It’s natural for your needs to change over time. If you’ve been in your home for more than 10 years, it’s likely that you have different requirements now than when you moved in. Perhaps you need different features or a house closer to work. Either way, if the current home doesn’t meet your needs anymore, it could be time to start searching with a real estate agent and finding something better suited to your lifestyle.
What We Say…
If you’re thinking about selling your house, there’s probably a good reason for it. Let’s connect so you can make a move that’ll help you accomplish your goals this year. Call us at today at 949-400-0987!
Leave a Reply