Thinking of putting your home on the market in 2023? It's important to first explore why you are considering selling. Realtor.com conducted a survey to determine what is motivating homeowners to sell their properties this year - and the results have been enlightening. Respondents cited a variety of reasons, ranging from wanting to upgrade to more recreational space, relocating for work or family needs, or simply wanting a change. Other factors that influenced decisions included financial gain through increased equity and needing more room for an expanding family. With so many motivations for selling, it's important to understand your own reasons before you make the big move.
Let’s break those reasons down and explore how they might resonate with you.
When you decide to put your home up for sale, one of the things you will most likely consider is the return on investment (ROI) that you can expect. Fortunately, the latest data indicates that sellers can anticipate profiting considerably by taking advantage of the current market. A recent report from ATTOM explains: "Homeowners who sold their median-priced homes in 2022 secured an average profit of $112,000, a gain of 51.4% over their purchase price. This is an increase from 44.6% last year and 32.8% in 2020." Selling your home right now could bring a strong return on your initial investment.
Although some places have experienced a slight dip in home prices, they are still considerably higher than when compared to figures from a few years ago. To discern the current situation of home values in your area and exactly how much you would profit if you decided to put your house on the market this year, it is wise to consult with a qualified real estate professional. This expert can provide you with an accurate analysis of the expected financial gains and assistance in evaluating the best options available.
The home that I have been living in for years no longer suits my lifestyle and requirements.
After a decade-long stay in their home, the average person often finds that the property they own has failed to keep up with their changing needs. From requiring more or less space, different features, or even a location closer to one's job or family members, it can become apparent that one's current residence is no longer suitable for their lifestyle. In such circumstances, seeking assistance from a specialist real estate agent may be the best course of action to ensure an improved fit for one's future abode.
If you're considering selling your home, chances are there's a strong motivation for doing so. Let's talk and figure out how to make a move that will enable you to realize your objectives this year. Selling your residence is an important decision, so it's essential to be well-informed of the process and what it entails. There are various factors involved such as market conditions, pricing, paperwork, and marketing strategies that all need to be taken into account. Working with US will give you the guidance and expertise needed in order to find success with this endeavor. Let's collaborate so that you can make the right decisions for your future.