If you’re contemplating selling your Raleigh home this year, it’s important to understand the reasons driving your decision. A recent survey by realtor.com revealed the top two reasons why homeowners are considering selling their homes this year. Here are the top two reasons (see graphic below):
Let’s examine these reasons in more detail to see if they align with your own motivations.
1. Taking Advantage of the Current Market and Making a Profit
When selling a house, it’s natural to wonder how much profit you can make from the sale. The good news is that recent data shows that homeowners can expect a strong return on their investment if they decide to sell their Triangle area homes in 2023. According to ATTOM:
The $112,000 profit on median-priced home sales in 2022 represented a 51.4% return on investment compared to the original purchase price, up from 44.6% last year and from 32.8% in 2020.”
While home prices may have slightly decreased in some areas, they are still higher overall than they were just a few years ago. Linda Craft Team Realtors can provide valuable insights into what’s happening with home prices in the Raleigh area and the current value of your home, helping you determine how much you could gain if you decide to sell this year.
2. Your Home No Longer Meets Your Needs
The average person has lived in their home for ten years. During this time, many changes may have occurred in their lives, affecting what they need in a home. Whether you need more or less space, different features, or a location closer to your work or loved ones, your current home may no longer meet your needs. In this case, it may be time to work with Linda Craft Team Realtors to find a better fit.
Bottom Line
If you’re considering selling your Triangle home this year, there are likely compelling reasons behind your decision. By understanding the motivations driving your decision, you can make a move that will help you achieve your goals in 2023. Reach out to Linda Craft Team Realtors today to explore your options.