In 2018, 5.34 million homes were sold. Two years prior, homeowners sold their homes after ten years, on average. There are various reasons why people decide to part with their homes. The top reasons are as follows:
The kids have moved out, with their parents left to tend after themselves and their large home. A lot of empty nesters sell their bigger homes in exchange for a new one that’s easier to maintain. Climbing the stairs get more difficult as you age. In general, people who find themselves with less energy for upkeep get drawn to smaller and more compact homes. Even without having aged, people who value efficiency see sense in less-cluttered and smaller houses that are ergonomic in every way. Also, retirees who want to opt for less expensive upkeep also tend to downsize.
If some people downsize, some upgrade. Couples who have a growing family and homeowners who are doing well career-wise tend to choose a larger home. Neighbors are also valuable networks that make a house upgrade all the more attractive to some professionals. First-time home buyers naturally outgrow their starter residences, too, paving the way for another house purchase.
Established relationships frequently lead to living together, before and after marriage. The ending of this chapter can lead to parting ways with memories that both parties would work hard to forget. Breakups, instances of divorce, and death in the family are the emotional reasons that lead people to sell their homes. Due to the stressful nature of the situation, fast and convenient selling is a priority. If you find yourself in this situation while living at Delray Beach, search for sell my house fast Delray Beach, and this step can take you closer to moving on.
Other than an upsize or downsize, a change in lifestyle can lead to opting for mobile homes. Today, living in motor homes and camper vans are growing in popularity. When people take that leap towards their dream life, which is abundant in travels, they tend to live their previous life behind. They sell their homes for the motor accommodation of their dreams so they can live freely ever after.
Owning a home can be a fruitful investment. When the market is good, homeowners who see their houses as investments have no issues selling their property, once it reaches the target price. Apart from intentional investors, some unexpectedly find their properties appreciating in value. To them, a different house and a healthier bank account sound better than keeping the same home while expenses heavily deplete their resources.
Repairs and replacements
Managing a house is not a walk in the park. There are regular repairs and maintenance, similar to car ownership. Over time, repairs will no longer work, and replacements will be needed. Instead of refurbishing, some people would want a new home altogether.
Selling your home is almost a natural thing to do when you are a homeowner. Make sure you choose the right method of selling because some options are less stressful than others.