What’s motivating your move?

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

Let’s take a closer look and see if they’re motivating you to make a change too.

1. To make a profit

If you’re thinking about selling your house, you probably have a lot of questions on your mind. Well, here’s 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 percent return on investment.”

And although that’s a nationwide average, it’s significant. And here’s 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.

Even 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 affordability challenges when you turn around and buy your next home.

If you want to know how much your house is worth now and what’s going on with prices in your area, talk to a local real estate agent like Steve Reese! 

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. Or maybe you’re 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® (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.”

Bottom Line

If you’re thinking about selling your house, there’s probably a good reason for it. Let’s talk so you have help making the right move to reach your goals this year. Call/text 405-585-6580 or email Hello@SoldonShawnee.com.

Knowing when the best time to sell can be difficult to know, or how to get the most money for your house. But you don’t need to go through the process alone. Our free guide Things to Consider When Selling Your House will answer many of your questions and likely bring up a few things you haven’t even thought about yet.