Wondering if you should sell your house this year? As you make your decision, think about what’s motivating you to consider moving. A recent survey from realtor.com asked why homeowners are thinking about selling their houses this year. Here are the top two reasons (see graphic below):
Are you considering selling your house in 2023? If so, you’re likely doing so for one (or both) of the following reasons:
1. To take advantage of the current market and make a profit
The latest data from ATTOM shows that the average seller can expect a strong return on their investment when they make a move: “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.” To get an understanding of what’s happening with home prices in your area and the current value of your house, consult with a local real estate expert.
2. Because your home no longer meets your needs
If your home no longer meets your needs, it could be time to consider selling. It’s common for people to stay in their homes for an average of ten 年, so if you’ve been in your house for that long or longer, you may need a change. Whether that means more (or less) space, different features, or a location closer to your work or loved ones, a real estate agent can help you find a better fit.
If you‘re looking to sell your house in 2021, consider these reasons and see if they resonate. Working with a real estate professional can help you determine the best move for you and your goals this year.