You’ve fallen out of love with your house? It may be time to move.
A home is a place you can call your own, with all the features, space and location that you and your family need. What happens if your needs change? According to the National Association of Realtors’ latest Home Buyers and Sellers Generational Trends report, the average person has been living in their current home for ten years. If you have lived in your house for a long time, consider how much your life has changed. Even if you thought you would live in your home forever when you bought, that doesn’t mean it will be. It’s a good idea to work with a local agent to explore your options on the market today before settling on your current home. According to a recent survey by Realtor.com, one third of those who are planning to sell in 2023 are moving because their current home does not meet their needs. According to the same NAR report, this is consistent with the top reasons for selling in 2018. These include:Wanting to move closer to family or friends
Relocation due to retirement
The home is too big or too small
Changes in family situations
It may be time to move on if your life has changed. It’s a good time to sell. We’re in a strong seller’s market. This means that homes in good condition and listed at fair market value are attracting buyers and selling fast. Your expert real estate agent can give you the best advice for getting your home ready to sell. Your equity can power your move. You may have a lot of equity now, thanks to the record-breaking price increases of recent years. You can use the equity you have when you sell to help you afford your next house. NAR’s above report shows that 38% of recent home buyers used the proceeds from the sale of their last home to pay for the down payment of their new one. Find out how much equity you own and what you can use it for in today’s housing markets by working with a local agent. You can learn more about your options by working with a real-estate professional.
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