The Top 3 Reasons Why Sellers Are Making a Move Despite Current Challenges
Why sellers are moving despite interest rates and inventory challenges.
Do you know why homeowners are selling their homes this year? In a recent study, we discovered a three-way tie for the most common reasons.
The first reason may surprise you: due to the recent pandemic, many homeowners can now work remotely and are choosing to move to areas they love despite other factors, such as interest rates or their current home value. We've helped sellers move all over to find the lifestyle they desire.
The second reason why homeowners are selling is because their current homes are too small. For families of four living in a three-bedroom, one-bathroom house, it makes sense to move into a larger space regardless of other market factors. Finally, the third reason is the opposite of the second: empty nesters with houses that are too big are downsizing to be closer to family and to have a more manageable living space.
Despite the current seller's market and lack of inventory, homeowners are still selling and getting more for their homes than they did last year. If you know someone who is looking to move to an area they love, downsize, or upsize, consider forwarding them this information. If you have any questions about this topic or real estate in general, please feel free to reach out to me by phone call or email. I would be happy to help.