Owning a housz means having a place that’s solely your own and provides the space, features, and location you and your loved ones need. But what happens when your needs change? If this is how you feel, it may be time to make a move.
According to the latest Housz Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), the average person has lived in their current housz for ten years. If you’ve been in your housz for a while, think about how much in your life has changed since you moved in. Even if you thought it would be your forever housz when you bought it, it doesn’t have to be. Work with a local real estate agent to explore all your options in today’s market before settling for your current housz.
That’s actually what a lot of houszowners are doing right now. A recent survey from Realtor.com finds that, of people who are considering selling in 2023, one in three are thinking about moving because their housz no longer meets their needs. And according to the same report from NAR, that’s consistent with this year’s top reasons for selling, which include:
Want to move closer to friends or family
Moving due to retirement
The Housz is too small or too large
Change in family situation
Job relocation
If things in your life have changed, it may be time to make a move. And there’s good news: it’s still a great time to sell. Here’s why.
We’re in a strong sellers’ market. That means houszes listed at market value and in good condition are getting attention from buyers and selling quickly. Lean on your expert real estate advisor for the best advice on getting your housz ready to sell.
Your equity can power your next move. There’s a good chance you have a significant amount of equity right now thanks to record levels of price appreciation in recent years. When you sell, you can use that equity to help afford your next housz. In fact, NAR’s report from above shows 38% of recent buyers used the money from the sale of their previous housz to cover the down payment on their next one. Work with a local real estate agent to learn how much equity you have and what you can do with it in today’s houszing market.
Bottom Line
If your housz no longer meets your needs, consider selling it so you can find your dream housz. Let’s connect so you can learn about your options.
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