Should You Sell Now? The Lifestyle Factors That Could Tip the Scale

<article class="post-1180656 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-1180656"><span class="entry-date">September 3, 2024</span><div class="entry-header center-block text-center"><h1 class="entry-title">Should You Sell Now? The Lifestyle Factors That Could Tip the Scale</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=Should+You+Sell+Now%3F+The+Lifestyle+Factors+That+Could+Tip+the+Scale&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fshould-you-sell-now-the-lifestyle-factors-that-could-tip-the-scale%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="Should You Sell Now? The Lifestyle Factors That Could Tip the Scale Simplifying The Market" decoding="async" loading="lazy" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240829/20240903-Should-You-Sell-Now-The-Lifestyle-Factors-That-Could-Tip-the-Scale-original.png" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width=""/>
<p>Are you on the fence about whether to <a href="https://www.simplifyingthemarket.com/2024/08/08/where-will-you-go-after-you-sell/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">sell your house</a> now or hold off? It’s a common <a href="https://www.simplifyingthemarket.com/2024/07/31/should-you-rent-out-or-sell-your-house/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">dilemma</a>, but here’s a key point to consider: your lifestyle might be the biggest factor in your decision. While financial aspects are important, sometimes the personal motivations for moving are reason enough to make the leap sooner rather than later.</p>
<p>An <a href="https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers" rel="noopener noreferrer" target="_blank">annual report</a> from the <em>National Association of Realtors</em> (NAR) offers insight into why homeowners like you chose to sell. All of the top reasons are related to life changes. As the graph below highlights:</p>
<p><a href="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240829/20240903-Top-Reasons-for-Selling-original.png" rel="noopener noreferrer" target="_blank"><img alt="No Caption Received" decoding="async" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240829/20240903-Top-Reasons-for-Selling-original.png"/></a>As the visual shows, the biggest motivators were the desire to be closer to friends or family, outgrowing their current house, or experiencing a significant life change like getting married or having a baby. The need to <a href="https://www.simplifyingthemarket.com/2024/9/2/could-a-55-community-be-right-for-you/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">downsize</a> or <a href="https://www.simplifyingthemarket.com/2024/07/22/how-affordability-and-remote-work-are-changing-where-people-live/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">relocate</a> for work also made the list.</p>
<p>If you, like the <a href="https://www.simplifyingthemarket.com/2024/07/30/the-biggest-mistakes-sellers-are-making-right-now/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">homeowners</a> in this report, find yourself needing features, space, or amenities your current home just can’t provide, it may be time to consider talking to a <a href="https://www.simplifyingthemarket.com/2024/08/20/how-to-choose-a-great-local-real-estate-agent/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">real estate agent</a> about selling your house. Your needs matter. That agent will walk you through your options and what you can expect from <a href="https://www.simplifyingthemarket.com/2024/08/09/home-inspections-for-sellers-how-to-prepare/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">today’s market</a>, so you can make a confident decision based on what matters most to you and your loved ones.</p>
<p>Your agent will also be able to help you understand how much <a href="https://www.simplifyingthemarket.com/2024/08/05/what-every-homeowner-should-know-about-their-equity/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">equity</a> you have and how it can make moving to meet your changing needs that much easier. As Danielle Hale, Chief Economist at <em>Realtor.com</em>, explains:</p>
<blockquote><p><em>“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. </em><strong><em>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</em></strong><em>.”</em></p></blockquote>
<h3>Bottom Line</h3>
<p>Your lifestyle needs may be enough to motivate you to make a change. If you want help weighing the pros and cons of selling your house, connect with a local real estate professional today.</p>
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