Over the past few years, some homeowners have delayed their move due to concerns about higher mortgage rates. But a growing number are deciding they can’t wait any longer, often due to significant life changes.
“Some homeowners are opting to bite the bullet and give up their low rate in order to move. Many are selling because a major life event like a job change, or divorce…”
Time for a Change
A new job in a different city, desire to be closer to family, or simply wanting a change of scenery can spark the need to sell.
Space Limitations
Growing family, need for a home office, or more room for entertaining can drive the decision to upgrade to a larger space.
Retirement & Downsizing
Children moving out, retirement, or wanting less maintenance can lead to downsizing for a simpler lifestyle.
Relationship Changes
Major life changes like divorce, separation, or marriage often necessitate new living arrangements.
Health & Mobility
Health concerns affecting mobility may require moving to more accessible spaces or assisted living facilities.
Bottom Line
“Deciding whether it’s the right time to sell your home is a very personal choice. There are numerous important questions to consider, both financial and lifestyle-based… Your future plans and goals should be a significant part of the equation.”
– Bankrate
If a major life change has you thinking about moving, now might still be the right time to sell. Work with a trusted real estate professional to help you navigate the process.