<article class="post-636319 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-636319"><span class="entry-date">February 8, 2023</span><div class="entry-header center-block text-center"><h1 class="entry-title">The Top Reasons for Selling 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=The+Top+Reasons+for+Selling+Your+House&url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fthe-top-reasons-for-selling-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="The Top Reasons for Selling Your House Simplifying The Market" decoding="async" loading="lazy" src="https://media.agentaprd.com/sites/222/the-top-reasons-for-selling-your-house-kcm.webp" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width="358"/>
<p>Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s rates have started coming down from last year’s peak, they’re still higher than they were a couple of years ago.<!–more–></p>
<p>Today, <a href="https://blog.firstam.com/economics/why-housing-market-potential-increased-for-the-second-straight-month">93%</a> of outstanding mortgages have a rate at or below 6%. That means a strong majority of homeowners with mortgages have a rate below what they’d get if they moved right now. But if you’re a homeowner in that position, remember that mortgage rates aren’t the only thing to consider when making a move. Your mortgage rate is important, but there are plenty of <a href="https://www.simplifyingthemarket.com/2023/01/12/is-it-time-to-sell-your-second-home/?a=712984-fa409495d5d70154d03a25e81e9540e2">reasons</a> you may still need or want to move. <a href="https://www.realtrends.com/articles/15-predictions-to-help-you-plan-your-real-estate-business/?utm_campaign=Newsletter%20-%20RealTrends%20Daily%20Update&utm_medium=email&_hsmi=242803681&_hsenc=p2ANqtz–cgeSndq-bGP9pHDdzMaLYQzDYmTRBNTPj4HTxWlZvvqwyFWbY3LjDS8Un0xv50kKZdWj23iAj0m5-1VvPh2A9IFNzTwEjkv82QTcDm5ZDdRvaWE0&utm_content=242803681&utm_source=hs_email"><em>RealTrends</em></a> explains:</p>
<blockquote><p><em>“Sellers who don’t have to move won’t be moving. <strong>The most common sellers will be: Homeowners downsizing . . . people moving to get more space, [households] looking for better schools…etc.</strong>”</em></p></blockquote>
<p>So, if you’re on the fence about selling your house, consider the other reasons homeowners are choosing to make a move. A recent report from the <em>National Association of Realtors</em> (NAR) <a href="https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers">breaks down</a> why homeowners have decided to sell over the past year:</p>
<p><a href="https://files.simplifyingthemarket.com/wp-content/uploads/2023/02/02171201/homeowners-top-reasons-to-sell-MEM.png"><img alt="The Top Reasons for Selling Your House | Simplifying The Market" class="aligncenter wp-image-48755" decoding="async" fetchpriority="high" height="488" src="https://files.simplifyingthemarket.com/wp-content/uploads/2023/02/02171201/homeowners-top-reasons-to-sell-MEM.png" width="650"/></a></p>
<p>As the visual shows, the most commonly cited reasons for selling were the desire to move closer to loved ones, followed by moving due to retirement, and their neighborhood becoming less desirable. Additionally, the need for more space factored in, as did a change in household structure.</p>
<p><strong>If you also find yourself wanting a change in location or needing space your current house just can’t provide, it may be time to sell. </strong></p>
<p>What you want and need in a home can be reason enough to move. To find out what’s right for you, work with a trusted real estate professional who will offer <a href="https://www.simplifyingthemarket.com/2023/01/05/3-best-practices-for-selling-your-house-this-year/?a=712984-fa409495d5d70154d03a25e81e9540e2">advice</a> and expert guidance throughout the process. They’ll be able to lay out all your options – giving you what you need to make a confident decision.</p>
<h3>Bottom Line</h3>
<p>
When deciding whether or not to move, you have a lot to <a href="https://www.simplifyingthemarket.com/2023/01/10/the-truth-about-negative-home-equity-headlines/?a=712984-fa409495d5d70154d03a25e81e9540e2">consider</a>. There are plenty of non-financial reasons to factor in. Let’s connect today to weigh the benefits of selling your house.</p>
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