In my own experience, my husband and I have been motivated to sell based on the neighbourhood’s selling rate, limited competition, and life changes creating the need to move.
People decide to sell their home for many reasons, but there are some common reasons they decide to put their home on the market. Here are the top 5:
- Your life has changed, and your home needs to change with it
- You need the financial advantage of upselling or downselling
- The market and your personal financials are aligned
- Your home/space needs are expected to change in the next 1-2 years
- Where you want to live will be the same for the next 5-10 years
Keep in mind, fall/winter is a good time to sell since there is less competition than if you were to sell in the spring. With a 30-60-90 day closing on your home, you could be buying your new home when there is buyer power with more houses on the market in the spring.
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