Reasons to Sell Your Home
American home owners sell and move, on average, every five to seven years. Below are the top 10 reasons why people sell and move. Different motives for selling can provide more or less flexibility later in the sale. It is important that first, you understand and accept your motivation and second, you communicate with others involved in helping you with the sale of your house.
1) Home Is Too Small. First-time home buyers often outgrow their "starter" homes. Increased family size is the main reason home owners say they need a larger home.
2) Upgrade. The grass is greener on the other side. People often want what they don't have and long for a bigger, more expensive and grander, upscale home. It's the American way.
3) Fix Purchase Error. Owners might believe they made a mistake when purchasing their present home and want to rectify that mistake. Maybe they thought they could get by without a back yard but yearn to garden, or the dining room in the center of the house annoys them, or they no longer enjoy the underbelly of planes flying overhead within inches of their face.
4) Job Transfer. Relocation makes it necessary for many to pull up roots and move. If the commuting distance exceeds an hour, most people would prefer not to spend two hours in traffic every day.
5) Personal Relationships. Moving in with a partner or getting married can mean one of the parties will need to sell, especially if both owned homes prior to the commitment. On the other hand, break-ups cause owners to sell as well.
6) Empty Nest. The kids have grown up and moved out. The owners want a smaller home. The older you get, the harder it is to keep a big house clean.
7) See Family More Often. Some people want to be closer to their family as they age and will move to be near relatives. Parents want to be near children. Grandparents, near their children and grandchildren.
8) Retirement. Active-adult communities are attracting many buyers over the age of 55. These planned communities have golf courses, club houses, workout facilities, week-end social gatherings, back-yard barbecue parties and more, all designed for people over 55.
9) 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 may be more practical. A trade-off solution for many elderly people who don't require round-the-clock care is to buy a condo or move into assisted living housing.
10) Lifestyle change. Others are simply tired of owning a home and would prefer to travel, pursue a hobby or be less responsible.