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What is Motivating Your Move?

Dated: May 6 2024

Views: 352

Are you thinking about selling your house? As you make your decision, consider what is pushing you to think about moving. A recent survey from Realtor.com looked into why people want to sell their homes this year. Here are the top two reasons: 

Let's take a closer look and see if they are motivating you to make a move too. 

1. To Make A Profit

If you are thinking about selling your house, you probably have a lot of questions on your mind. Well, here is some good news - the latest data shows most sellers get a great return on their investment when they sell. ATTOM, a property data provider, explains:

"... home sellers made a $121,000 profit on the typical sale in 2023, generating a 56.5% return on investment."

That is significant! Here is one contributing factor. During the pandemic, home prices skyrocketed. There was way more buyer demand than homes available for sale and that combination pushed prices up. 

Now, home prices are still rising, just not as fast. That ongoing appreciation is good news for your bottom line. Any profit you make can help offset some of today's affordabiltiy challenges when you buy your next home. 

If you want to know how much your house is worth now and what is going on with prices in your area, talk to a local real estate agent. 

2. For Family Reasons

Maybe you want to be near relatives to help take care of older family members or to have more support nearby. Maybe you are just eager to spend time together on special occasions like birthdays and holidays. 

Selling a house and moving closer to the people who matter the most to you helps keep you connected. If the distance is making you miss out on some big milestones in their lives, it might be time to talk to a local real estate agent to find a place close by. The National Association of Realtors 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."

Bottom Line

If you are thinking about selling your house, there is probably a good reason for it. Let's talk so you have help making the right move to reach your goals this year. 

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Katlyn Soli

Katlyn Soli is a full time realtor specializing in residential real estate and helping buyers and sellers in the Grand Forks, North Dakota area. Katlyn is committed to providing her clients with excel....

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