there have been six major reasons why and when people sell their homes:
family issues, employment changes, financial conditions, lifestyle changes, neighborhood changes, and market conditions.
family issue home owners cite more than any other when deciding to sell
is increased family size. The other reason is mostly from first time
home buyers who find their family has simply outgrown their starter
home. Empty nest is another very common reason. The kids have grown up
and moved out and the owners want a smaller home.
Another common reason are personal relationships like moving in with a
partner or getting married so one of the parties will need to sell or
both parties will need to sell and then buy something together. On
other hand, break-ups cause home owners to sell when there is no enough
money to buy other party or the home holds bad memories and parties
want fresh start.
There are also other reasons like: selling and move to be closer to relatives and see family more often. Usually
parents want to be near children and grandchildren. In some cases
people want to see family less often, so they will move to put more
distance between them and relatives. Dysfunctional and fractured
families have been known to blossom being separated.
reality is that with interest rates as attractive as they are today, it's
possible than ever to sell, buy something else and make a major move without lowering your family's
standard of living.
ChangesJob transfer can affect a decision to sell. There's the obvious matter of
if a new job or promotion takes you to a different city or province. In this case,
selling most often becomes a necessity for many to pull up roots and move, unless the home owner wishes to
a property for investment or some other purposes.
property and moving option for people who are commuting and the
distance exceeds an hour. Most people would prefer not to spend two or
more hours in traffic every day.
Selling and moving
to a smaller urban centre may also be one of the reasons for selling.
People will have opportunity to buy either a
home for less money or a bigger one for the same outlay. Even if your
employment changes don't require you to move a great distance, you
should use the
to assess your home ownership needs and move up if you can.
Sellers financial conditions are of the utmost importance in every real estate transaction. Some
sellers want to cash in equity and want to sell property to pocket the
money. Others don't have enough money to maintain the property. There
are property owners who want to help kids or other family members
and sell property
to help them. Whatever the reason for selling, financial conditions may play big role in decision making. After all, it's the
who is putting property, equity and sometimes, years of hard work on
so much at stake, it's imperative that sellers have the needed knowledge and/or
hands-on experience of
real estate industry to get the best possible price for the property
they plan to put on the market. If they don't have knowledge and
experience, than quality professional help is the best option.
now, interest rates are near their lowest in decades, so this has lead to
unprecedented opportunities for those wishing to buy. Often, mortgage
will be less than rent on an apartment or townhouse. Therefore, a large
number of consumers are considering ownership, many for the first time.
For sellers, this holds the big potential.
most common lifestyle change that motivate sellers is retirement.
For those planning to retire, truly enjoying their latter years may
a "cashing in" of assets and move to active adult communities with golf
courses, workout facilities, social gatherings etc. Others want to
travel, pursue a hobby, be less responsible or realize some other
in lifestyle can include things such as buying a condominium to ease
workload involved with maintenance and upkeep; city dwellers who want
live in a more rural environment, or even those who want to set up a
Sometimes lifetime changes are influenced by aging and health problems.
Physical ailments such as knee or back problems make it difficult for
an aging population to climb stairs in a two-story, so a one-story home
or condo may be more practical. Sometimes a good solution for elderly
people with more serious health problems is to move into assisted
If your reason for selling are lifestyle changes, take your time and try to look far enough ahead
order to use the real estate market to your full advantage and sell your property at a good price.
The neighborhood issue homeowners cite more than any other when deciding to sell
is change for the worse.
Most often, people don't want to live near some new noisy business development or new freeway constructed nearby.
Sometimes the reason for selling are the next-door neighbors,
decrease in maintenance of individual properties in the area, or crime in the neighborhood
every aspect of real estate involves market conditions and timing, so it's a wise to look far enough ahead
order to use the market to your advantage and sell at a good price.
all heard of "buyer's" and "seller's" markets. These terms refer to the
proportion of people wanting to buy versus the number of homes on the
If the number of homes for sale outstrips potential buyers, then it's a
buyer's market. If there are not enough homes to satisfy demand, then
a seller's market.
you're selling for financial gain, you'll obviously want to do so in a
seller's market. But, if you plan to purchase another home after sale,
there isn't as big a difference as you would first think.
a seller's market, you may sell your home more quickly and for a better
price, but you'll be facing the opposite challenges when purchasing. In
a buyer's market, you may have to wait longer to get a fair price, but
you'll have more selection and pricing options when looking for your
is a term that is used to gauge when home sales are expected to
Although this is only one factor to be considered when selling,
springtime tends to be a time of higher activity. Buyers with children
especially prefer to look in the spring in order to settle in a new
before school begins in the fall..
If you plan to sell house in near future, you're in a good position relative to today's
marketplace because you can afford to put in enough time to sell at the
right price and then find a home that suits your new requirements.