What is Fueling Your Move

May 17, 2024
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Are you thinking about selling your home soon? As you progress with your decision, consider what exactly is the impetus for the move. A recent release from Realtor.com has dug more into why people are moving lately and there have been a couple primary reasons. The number one reason was to make a profit followed by family reasons as runner up. Here’s a closer look.

For a Profit

If you are thinking of a sale soon there are probably many 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 significant 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 pushed the prices up. These days home prices are still increasing but at 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

Perhaps you wish to live closer to your family to care for those who are older or for the support yourself. Or maybe you just wish to be closer to spend 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 their lives, it might be time to talk to a local real estate agent such as 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.”