You Don’t Feel Your Home? It May Be Time To Move.
Owning a home means having your own place, with the space, features, and location you and your loved ones need. But what happens when your needs change? If this applies to you, it may be time to take a step.
According to the latest National Association of Realtors (NAR) Homebuyers and Sellers Generational Trends Report, the average person has lived in their current home for the past 10 years. If you’ve been living at home for a while, consider how much your life has changed since moving. If you thought it would be your forever home when you bought it, it doesn’t have to be. Before deciding on your current home, work with a local real estate agent to consider all options on the market today.
That’s exactly what many homeowners do these days. A recent study by Realtor.com found that 1 in 3 of those looking to sell in 2023 are considering moving because their home no longer meets their needs. rice field. And according to the same report from NAR, this is in line with this year’s top-selling reasons:
- Want to move closer to friends or family
- Moving due to retirement
- Home is too small or too large
- Change in a family situation
- Job relocation
If something has changed in your life, it may be time to make a change. And there’s good news:
It’s still time to sell. Here’s why:
We are in a strong seller’s market. This means that homes that are listed at market price and in good condition attract buyers’ attention and sell quickly. You can rely on an experienced real estate consultant for the best advice as you prepare to sell your home.
Your equity can power your next move. With stocks rising to record levels over the past few years, you may now own a significant amount of stock. If you sell it, you can use that equity to buy your next home. In fact, according to his NAR report above, 38% of recent buyers used the money from selling their previous home to cover the down payment on their next home. Work with a local realtor to learn how much equity you own in the current housing market and what you can do with it.