Making the decision to sell a home can be a very difficult decision to come to even when you know that selling your home may be in your best interest. There are many reasons people choose to sell their home. If you are considering selling your place you are in good company. Listed below are some of the reasons we find that people decide to sell.
1. Sellers want an upgrade. An upgrade can mean different things. Sellers may want
an upgrade in the size of their home. An increase in the number of family members may require additional room space. Also as children get older and long for more privacy; parents may also decide it is a good time to spread out. Sellers may also want an upgrade in home features. Many times the addition of more space and features come together in the next home purchase. The second or third time around you are a more seasoned home buyer and can quickly decide what will work best for you and your family.
2. Relocation. Relocation is another big reason sellers decide to sell their home. The relocation can be to a new city or it may just be relocating to a different part of town. Other times relocation is due to a job change or transfer. In those instances many sellers recognize the difficulties of maintaining a property when you live outside of an area and may opt to sell their home to recoup their investment and make a fresh start in the new city or state.
3. Maintenance. As people mature or become bogged down with other areas of life they may decide to sell because their current home requires more maintenance and responsibility to care for. They may not have the time and the energy they once did and may opt to sell the higher maintenance home for a home that requires less to maintain.
4. To avoid financial hardship. Life doesn’t always go as planned. An unexpected job loss or sudden disability can hugely impact a person’s financial profile. There may be instances when a seller is looking to sell their home before losing the home to foreclosure. If the seller has equity in their home, that equity can be used to help the seller gain a fresh start or just maintain their lifestyle until financial stability returns.
There are many reasons a seller may decide to part ways with their current home and start anew. If you are considering selling your home be sure to discuss your decision with all those that will be impacted. If you would like to discuss selling your home. Please give our office a call today at 615-534-2511. We would be happy to discuss your options with you.
