Two Reasons You Should Sell Your House

<article class="post-663564 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-663564"><span class="entry-date">April 4, 2023</span><div class="entry-header center-block text-center"><h1 class="entry-title">Two Reasons You Should Sell Your House</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=Two+Reasons+You+Should+Sell+Your+House&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Ftwo-reasons-you-should-sell-your-house%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="Two Reasons You Should Sell Your House Simplifying The Market" decoding="async" loading="lazy" src="https://media.agentaprd.com/sites/222/20230404-2-reasons-you-should-sell-your-house-KCM.webp" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width="358"/>
<p>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 <a href="https://www.realtor.com/research/2023-q1-sellers-survey/" rel="noopener noreferrer" target="_blank">survey</a> from <em>realtor.com</em> asked why homeowners are thinking about selling their houses this year. Here are the top two reasons (<em>see graphic below</em>):</p>
<p><a href="https://files.keepingcurrentmatters.com/content/images/20230403/20230404-why-are-you-considering-selling-your-home-in-2023-MEM.png" rel="noopener noreferrer" target="_blank"><img decoding="async" src="https://files.keepingcurrentmatters.com/content/images/20230403/20230404-why-are-you-considering-selling-your-home-in-2023-MEM.png"/></a></p>
<p>Let’s break those reasons down and explore how they might resonate with you.</p>
<h4><strong>1. I Want To Take Advantage of the Current Market and Make a Profit</strong></h4>
<p>When you decide to sell your house, how much you’ll make from the sale will likely be top of mind. So, here’s some good news: according to the latest data, the average seller can expect a strong return on their investment when they make a move. <em>ATTOM </em><a href="https://www.attomdata.com/hnr/us-home-seller-profits-top-50-percent-in-2022-despite-market-slowdown/" rel="noopener noreferrer" target="_blank">explains</a>: </p>
<blockquote><p><em>“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.”</em></p></blockquote>
<p>Even though home prices have declined slightly in some markets, they’re still much higher overall than they were just a few years ago. To understand what’s happening with home prices in your area and the current value of your house, work with a local real estate professional. They can give you the best advice on how much you could gain if you sell this year.</p>
<h4><strong>2. My Home No Longer Meets My Needs</strong></h4>
<p>The average person has been in their house for <a href="https://www.nar.realtor/blogs/economists-outlook/eleven-takeaways-from-the-2022-profile-of-home-buyers-and-sellers" rel="noopener noreferrer" target="_blank">ten years</a>. That’s a long time when you think about how much may have changed in your life since you moved in. And typically, those changes have a direct impact on what you need in a home. Whether it’s more (or less) space, different features, or a location closer to your work or loved ones, your current house may no longer check all the boxes of what feels like home to you. If that’s the case, it could be time to work with a real estate agent to find a better fit.</p>
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