Considering selling your house? As you contemplate your decision, reflect on what's motivating you to consider a move. A recent survey conducted by Realtor.com delved into the reasons behind people's desire to sell their homes this year. Here are the primary motivations:

1. Maximizing Profit

If the idea of selling your house has crossed your mind, you likely have various questions swirling around. Well, here's some promising news – recent data indicates that most sellers reap substantial returns on their investments when they sell. According to ATTOM, a leading property data provider:

“. . . home sellers pocketed a $121,000 profit from the average sale in 2023, translating to a 56.5 percent return on investment.”

This is noteworthy. One key contributing factor is the surge in home prices during the pandemic. With an imbalance between buyer demand and available homes for sale, prices soared. While home prices continue to rise, the pace has slowed slightly. This ongoing appreciation spells good news for your financial outlook. Any profits you make could alleviate some of the affordability challenges associated with purchasing your next home.

If you're curious about your current home's market value and the pricing trends in your area, it's wise to consult a local real estate agent.

2. Family Considerations

Perhaps you're contemplating a move to be closer to family members, whether to assist with the care of elderly relatives or to enjoy greater familial support nearby. Alternatively, you might be eager to share special occasions such as birthdays and holidays with loved ones.

Selling your house and relocating nearer to those who matter most fosters stronger connections. If physical distance is causing you to miss out on significant milestones in their lives, it might be time to engage with a local real estate agent to explore options in proximity. According to the National Association of Realtors (NAR):

“A skilled real estate agent will assist you in your home search with an impartial perspective, aiding you in achieving your buying objectives while staying within your financial means.”

In Conclusion

If the thought of selling your house is on your mind, there's likely a compelling reason behind it. Let's have a conversation so you can receive guidance in making the optimal move to achieve your goals this year.