Are you unsure if you should sell your house now or wait? This is a common issue many face, but consider this: your lifestyle could play a major role in your choice. While finances matter, your personal reasons for wanting to move might justify making the decision sooner rather than later.

The annual report from the National Association of Realtors (NAR) sheds light on the reasons homeowners decide to sell. The main motivations are closely tied to life changes. The graph below illustrates this clearly.

The visuals indicate that the top reasons for moving include wanting to be nearer to friends or family, outgrowing their current living space, or going through major life events like getting married or becoming a parent. Additionally, downsizing or needing to relocate for a job were also significant factors.

If you’re in a situation similar to the homeowners in this report and find your current home lacking in features, space, or amenities, it might be a good time to reach out to a real estate agent about selling your house. Your needs are important. An agent can guide you through your options and explain what to expect in today’s market, helping you make a well-informed decision that prioritizes what matters most to you and your family.

Your agent can help you figure out how much equity you have, making it easier to move and adjust to your changing needs. Danielle Hale, Chief Economist at Realtor.com, elaborates on this.

““A consideration today’s homeowners should review is what their home equity picture looks like. With the typical home listing price up 40% from just five years ago, many home sellers are sitting on a healthy equity cushion. This means they are likely to walk away from a home sale with proceeds that they can use to offset the amount of borrowing needed for their next home purchase.”
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— Danielle Hale, Chief Economist at Realtor.com

Bottom Line

If you're feeling that your lifestyle needs are pushing you to consider a change, it might be time to talk. If you’d like to discuss the pros and cons of selling your house, I'm here to help.