Why Sell?

Thinking about selling your home? As you make your decision, consider what’s pushing you to think about moving.

A recent survey from Realtor.com looked into why people want to sell their houses this year. Here are the top two reasons (see graphic below):

Let’s take a closer look and see if they’re motivating you to make a change too.

1. To Make a Profit

If you’re thinking about selling your house, 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. ATTOM, a property data provider, explains: “…home sellers made a $121,000 profit on the typical sale in 2023 generating a 56.5% return on investment.

That’s significant. And here’s another contributing factor. During the pandemic, home prices skyrocketed. There was considerably more demand than homes available for sale and that combination pushed prices up.

Homes prices are still rising, just not as fast. Prices on Cape Cod as of April are up 4.2%. That ongoing appreciation is good news for your bottom line because the profit from the sale of your current home will help address possible affordability challenges when you buy your next one.

(Inventory is up 15%, so competition is increasing as more homes become available.)

If you want to know how much your home is worth now, please visit www.make yourmovewithmari.com/evaluation.

2. For Family Reasons

Maybe you want to be near relatives to help take care of older family members or to have more support nearby. Or maybe you’re just eager to spend time together on special occasions like birthdays and holidays.

Selling your home 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 find a place closer by.

Being based on Cape Cod, we’ve worked with many individuals and couples who may have retired here, but make the decision to move closer to family. We also assist families who live elsewhere and find themselves needing to sell a parent or grandparent’s home. Hank is a certified Senior Real Estate Professional. He’s been trained in how to deal with the specific issues involved in these transactions.

Bottom Line

If you’ve been thinking about selling your home, there’s probably a good reason. We moved in 2022, because our three bedroom, two bath cape was too big for mostly just us.

So, we’ve “been there, done that.” Let’s connect at 508-360-5664 or [email protected] to develop a plan to help you successfully implement your decision.

Talk soon…

Mari and Hank

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision.