Some homeowners have been putting off their moves in recent years because they’re hesitant to sell and end up with a higher mortgage rate on their next home. You might be feeling the same way, and that's completely understandable. It's a common issue and one of the main reasons why the number of homes available on the market has stayed so low for an extended period.

A lot of homeowners are finding that they can’t put off selling any longer. This is often due to changes in their personal lives or lifestyles. As Redfin explains:

““Some homeowners are opting to bite the bullet and give up their low rate in order to move. Many are selling because a major life event like a job change, or divorce . . .”
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— Redfin

If you're considering a move, check out some of the main reasons people are deciding to sell their homes. You might discover that these reasons resonate with your situation and motivate you to make a move now as well.

It’s Time for a Change

A new job in another city, wanting to be nearer to family, or just feeling like it’s time for a change can all lead to the decision to sell your home.

If you’ve received a fantastic job offer that means you need to move, the next sensible move is to get your current home listed quickly.

There’s Just Not Enough Space in Your Current House

Sometimes, your current home may no longer suit your lifestyle. Whether it's due to a growing family, the need for a dedicated home office, or simply wanting more space for entertaining, these factors can all lead to the decision to move to a larger place.

If you’re expecting a baby and currently living in a condo, it might be a good idea to consider selling. This way, you can look for a larger home that better fits your growing family's needs.

Retirement or Wanting To Downsize

Some homeowners are looking to downsize. This might happen when the kids move out, during retirement, or just because they prefer to have less space to take care of.

If you've recently retired and are thinking about a simpler way of living, moving to a smaller home can help you save time and resources so you can truly enjoy this new phase of life.

Changes in Relationship Status

Big events like divorce, separation, or getting married usually create a need for new places to live.

If you've recently gone through a divorce, selling the home you shared can help both of you move on and find a living situation that's a better fit for your current needs.

Health and Mobility Needs

Health issues, particularly those impacting mobility, can influence the choice to sell a home. A property that was once a great fit might not meet your current needs anymore.

If you're finding yourself in this situation, selling your current home to move into a more accessible place or using the sale proceeds for assisted living can really enhance your quality of life.

Bottom Line

Selling your home goes beyond market trends and mortgage rates; it’s really about choosing what’s best for your lifestyle and future. As Bankrate points out:

““Deciding whether it’s the right time to sell your home is a very personal choice. There are numerous important questions to consider, both financial and lifestyle-based . . . Your future plans and goals should be a significant part of the equation.”
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— Bankrate

If you're considering moving due to a significant life change, now could be a great time to sell. Let's connect so you can have an expert alongside you to guide you through the process.