What’s Motivating Your Move?

<article class="post-1035998 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-1035998"><span class="entry-date">May 6, 2024</span><div class="entry-header center-block text-center"><h1 class="entry-title">What's Motivating Your Move?</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=What%27s+Motivating+Your+Move%3F&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fwhats-motivating-your-move%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div><img alt="What's Motivating Your Move? Simplifying The Market" decoding="async" loading="lazy" src="https://media.agentaprd.com/sites/222/240506-What-s-Motivating-Your-Move.webp" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width=""/>
<p>Thinking about <a href="https://www.simplifyingthemarket.com/2024/04/16/should-i-wait-for-mortgage-rates-to-come-down-before-i-move/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">selling your house</a>? As you make your decision, consider what’s pushing you to think about moving. A recent <a href="https://www.realtor.com/research/2024-q1-sellers-survey-btts/" rel="noopener noreferrer" target="_blank">survey</a> from <em>Realtor.com</em> looked into why people want to sell their homes this year. Here are the top two reasons (<em>see graphic below</em>):</p>
<p><a href="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240502/20240506-Top-2-Reasons-Homeowners-Plan-To-Move.png" rel="noopener noreferrer" target="_blank"><img alt="No Caption Received" decoding="async" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240502/20240506-Top-2-Reasons-Homeowners-Plan-To-Move.png"/></a></p>
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<p>Let’s take a closer look and see if they’re motivating you to make a change too.</p>
<h4><strong>1. To Make a Profit</strong></h4>
<p>If you’re thinking about <a href="https://www.simplifyingthemarket.com/2024/03/29/outdoor-projects-can-boost-curb-appeal-when-you-sell-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">selling your house</a>, you probably have a lot of questions on your mind. Well, here’s some good news – the latest data shows most sellers get a great return on their investment when they sell. <em>ATTOM</em>, a property data provider, <a href="https://www.attomdata.com/news/most-recent/attoms-year-end-2023-u-s-home-sales-report/" rel="noopener noreferrer" target="_blank">explains</a>:</p>
<blockquote><p><em>“. . . home sellers made a $121,000 profit on the typical sale in 2023, generating a 56.5 percent return on investment.”</em></p></blockquote>
<p>That’s significant. And here’s one contributing factor. During the pandemic, <a href="https://www.simplifyingthemarket.com/2024/04/22/what-you-really-need-to-know-about-home-prices-1/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">home prices</a> skyrocketed. There was way more buyer demand than homes available for sale and that combination pushed prices up.</p>
<p>Now, home prices are still rising, just not as fast. That ongoing appreciation is good news for your bottom line. Any profit you make can help offset some of today’s <a href="https://www.simplifyingthemarket.com/2024/04/18/is-it-getting-more-affordable-to-buy-a-home/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">affordability challenges</a> when you buy your next home.</p>
<p>If you want to know how much your house is worth now and what’s going on with prices in your area, talk to a local <a href="https://www.simplifyingthemarket.com/2024/02/28/why-you-want-an-agents-advice-for-your-move/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">real estate agent</a>.</p>
<h4><strong>2. For Family Reasons</strong></h4>
<p>Maybe you want to be near relatives to help take care of <a href="https://www.simplifyingthemarket.com/2024/04/25/is-a-multi-generational-home-right-for-you/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">older family members</a> or to have more support nearby. Or maybe you’re just eager to spend time together on special occasions like birthdays and holidays.</p>
<p><a href="https://www.simplifyingthemarket.com/2024/04/12/the-perks-of-downsizing-when-you-retire-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">Selling a house</a> and moving closer to the people who matter the most to you helps keep you connected. If the distance is making you miss out on some big milestones in their lives, it might be time to talk to a local real estate agent to find a place close by. The <em>National Association of Realtors</em> (NAR) <a href="https://www.nar.realtor/magazine/tools/client-education/handouts-for-buyers/7-reasons-to-work-with-a-realtor#:~:text=A%20great%20real%20estate%20agent,Give%20you%20expanded%20search%20power." rel="noopener noreferrer" target="_blank">says</a>:</p>
<blockquote><p><em>“A great real estate agent will guide you through the home search with an unbiased eye, helping you meet your buying objectives while staying within your budget.”</em></p></blockquote>
<h3>Bottom Line</h3>
<p><span style="color: black;">If you’re thinking about </span><a href="https://www.simplifyingthemarket.com/2024/04/10/should-i-move-with-todays-mortgage-rates/" rel="noopener noreferrer" target="_blank">selling your house</a><span style="color: black;">, there’s probably a good reason for it. Why not talk to a local real estate agent? They can </span><a href="https://www.simplifyingthemarket.com/2024/04/02/why-overpricing-your-house-can-cost-you/" rel="noopener noreferrer" target="_blank">help you</a><span style="color: black;"> make the right move to reach your goals this year.</span></p>
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