Thinking about selling your house but unsure if now’s the right time? It’s a question many homeowners face, and while the financial aspects are always important, there’s another big factor to consider: your lifestyle. Sometimes, life’s changes can be the nudge you need to make a move sooner than expected.
According to the National Association of Realtors (NAR), lifestyle changes often drive the decision to sell. As shown in the annual report, many home sellers were motivated by the desire to be closer to family or friends, outgrowing their current home, or experiencing significant milestones like marriage or the arrival of a new baby. Others made the leap to downsize or relocate for work.
If you’re feeling the need for more space, better amenities, or different features that your current home doesn’t offer, it could be a sign that it’s time to explore your real estate options. Meeting with a real estate agent can give you the clarity you need. We’ll walk you through today’s housing market, the value of your home, and how your unique needs factor into the decision. Ultimately, this is about what works best for you and your loved ones.
One thing to keep in mind is the equity you’ve likely built up. With home prices significantly higher than they were just five years ago, many homeowners are sitting on a solid cushion of equity. As Danielle Hale, Chief Economist at Realtor.com, points out, this could make your move easier by reducing how much you’ll need to borrow for your next home.
Bottom line: If your lifestyle is pointing toward a change, it might be time to consider selling your house. If you want to weigh the pros and cons, I’m here to help. Let’s chat about what makes the most sense for you.
Posted by Shane Andersen on
Leave A Comment