Are you feeling the urge to sell your house, but wondering if now is the right time? If you’re one of the many homeowners who bought or refinanced during the pandemic to take advantage of record-low mortgage rates, you may be hesitant to give up your favorable rate. However, there are plenty of other reasons why you may want or need to sell your home, beyond just your mortgage rate.
Reasons to Sell Your House
According to RealTrends, homeowners who don’t have to move won’t be moving. However, the most common reasons for selling include downsizing, needing more space, and looking for better schools. If any of these factors are weighing on your mind, it may be time to consider selling your home.
Recent data from the National Association of Realtors (NAR) backs up these reasons. Their report shows that the top reasons for selling a home over the past year were:
- To move closer to family or friends
- Retirement
- Neighborhood became less desirable
- Need for more space
- Change in household structure
If any of these reasons resonate with you, it may be time to start thinking about selling your home.
Working with a Trusted Real Estate Professional
Once you’ve decided to sell your home, it’s important to work with a trusted real estate professional who can guide you through the process. They’ll help you determine the best time to sell, market your home effectively, and negotiate on your behalf.
But beyond just the logistics of selling your home, a real estate professional can also help you explore your options for finding a new home. They can provide insight into different neighborhoods, school districts, and home features that may be important to you. With their expertise, you can find a home that meets your needs and desires.
Making a Confident Decision
Deciding whether or not to sell your home is a big decision, and there are many factors to consider beyond just your mortgage rate. It’s important to weigh all your options and consider what’s best for you and your family. Working with a trusted real estate professional can provide you with the information and guidance you need to make a confident decision.
So, if you’re feeling the urge to make a change, don’t let your mortgage rate hold you back. There are plenty of reasons to sell your home, and a real estate professional can help you navigate the process and find the perfect new home for you.
Mortgage Rates Don’t Mean As Much as You Think
Perhaps you’ve been holding off on selling your home because of the current mortgage rates. After all, who wants to lose the historically low rates they secured during the pandemic? While this is a valid concern, it’s important to remember that mortgage rates aren’t the only factor to consider when making a move.
According to RealTrends, those who don’t have to move won’t be moving, but the most common reasons for selling include downsizing, needing more space, and looking for better schools. If you find yourself in a position where you’re wanting a change of location or more space, it may be time to consider selling your home.
Recent National Association of Realtors Report
A recent report from the National Association of Realtors (NAR) highlights some of the most common reasons homeowners have decided to sell over the past year. Topping the list was the desire to move closer to loved ones, followed by retirement and their neighborhood becoming less desirable. The need for more space and a change in household structure were also cited as reasons for selling.
If any of these reasons resonate with you, it may be time to start thinking about selling your home. While it can be a big decision, it’s important to work with a trusted real estate professional who can guide you through the process and help you weigh all your options.
Making a move is about more than just finances. It’s also about finding a home that meets your needs and desires. By working with a real estate professional, you can explore your options and find a home that’s the perfect fit for you. So, if you’re feeling the urge to make a change, let’s connect today to discuss the benefits of selling your home.
