Selling your home is a big decision. After all, it involves pricing your home, staging it to perfection, negotiating with the buyers, and executing the perfect sale. Plus, once you finish all of that, you’re tasked with relocating!
While moving can be challenging, it’s not impossible. And, oftentimes, a sellers’ reasons for listing their home far outweigh any of the stresses involved with selling and relocating.
Interested in knowing why so many homeowners are choosing to sell? Here are the top three reasons for selling a home, broken down by age.
According to the National Association of Realtors’ Generational Trends Report, younger homeowners (aged 29 to 53) cited needing more space as a reason for selling their home.
Eventually, your needs outgrow the size of your “starter home.” Whether you want to add in a home office, plan for a growth in your household, or adopt a dog, needing more space in your home as you get older is a common reason for selling.
Relocating for Work
Finally, after years of applying and working, you’ve finally landed your dream job! The only catch: it’s in another state or city. For homeowners aged 54 to 63, this is the most common reasoning for selling one’s home.
Relocating for your dream job can be tricky. Let us know if you’d like help planning your upcoming move, or searching for homes in your new area!
Moving to Be Closer to Friends and Family
For homeowners over the age of 64, moving “to be closer to friends and family” is the most common reason for selling a home. Oftentimes, as homeowners grow older and enter retirement, they find that they don’t need quite as much space as they once did.
This, combined with the desire to be closer to extended family and friends, is a highly compelling reason to sell your home and relocate.