If you are buying or selling a home, then it is good to spend a few minutes thinking about the reasons anyone would buy or sell a home. Not all reasons apply to everyone but they can help to understand a buyer or a seller’s motivation. Knowing what the other party wants or needs out or the transaction can help you and your realtor create a custom offer to meet those needs and insure that everyone is happy with the outcome of the home sale.
Lives change and so do our needs, this includes your needs from your home. Maybe your family is growing and you need a larger home. Or later in life you become empty nesters and don’t need all of the extra space. It just takes too much time and money to maintain space that you never really use. Or maybe you keep the family home until you retired and now you are ready to sell that house and spend your retirement in a sunny warm climate. If you have always lived in a great climate but now a two story house is not accessible due to medical issues then selling to find a one story home makes perfect sense. Many families find that they are relocating because of a job change. Getting a great job offer shouldn’t be ignored just because it is in a new city. The average family moves about every 5 to 7 years. So pack the family, sell the house and begin a new adventure in a new city. Family has a big impact on almost everyone’s life. You might choose to move to be closer to older parent who need help or to be closer to grandchildren. Or you might decide after parents are gone that it is time to make a fresh start in a new city.
Let’s be honest, not every choice that we make works out as a long term solution. If you purchased a home and are just not happy, then selling it and moving on is certainly the best idea. Your home should be a happy and comfortable place and if it isn’t then find a place that suits you better. If you have not had time to keep up on repairs or renovations then selling might be better than living in a construction zone for months as the renovations are completed. Selling your home as a fixer upper to someone who will enjoy customizing the house to meet their needs will be the best solution for you and the new owner.
You might be considering a move to enjoy a new activity or hobby that you have. Maybe you have taken up surfing or scuba diving and it has always been your dream to live near the beach. Buying your dream home on a sandy beach will enhance your hobby time and every aspect of your life. Maybe you want to dedicate your time to a charity or a cause in a specific community or area. Moving to that location to pursue your charitable endeavors is a worthy motivation. There are literally dozens of reasons that drive a home sale. But understand those will help to make a buying or selling experience more enjoyable for both the buyer and seller.