Choosing to own a home involves making a decision to have a personal space that caters to your specific needs, including location, features, and space for you and your loved ones. By owning a home, you have the freedom to customize it according to your preferences, create a sense of stability, and build equity for your future. However, as time passes, circumstances change, and you may feel that your home no longer meets your needs. In such a situation, it may be time to consider moving. The National Association of Realtors (NAR) reported in their Home Buyers and Sellers Generational Trends Report that the average person has lived in their current home for ten years.
Therefore, if you have lived in your house for a while, you should think about how your life has changed since you moved in. Even if you thought it would be your forever home, it doesn’t have to be. It is advisable to work with a local real estate agent to explore your options in today’s market before settling for your current home.
In 2023, many homeowners are considering selling their homes, with one in three doing so because their homes no longer meet their needs, according to a survey by Realtor.com.The top reasons for selling a home, according to the NAR report, include wanting to move closer to friends or family, moving due to retirement, the home is too small or too large, a change in family situation, or job relocation. If your life has undergone changes, it may be time to consider moving. The good news is that it is still an excellent time to sell your home.
The current housing market is favoring sellers, which means that homes listed at market value and in good condition are receiving significant attention from buyers and selling quickly. To ensure that your home is ready to sell, it is advisable to rely on the advice of your real estate advisor who is an expert in the field. If you have been living in your home for a while, there is a high probability that you have significant equity, which can help fund your next move. Recent data from the National Association of Realtors (NAR) shows that 38% of recent buyers used the proceeds from the sale of their previous home to cover the down payment on their next one. By working with a local real estate agent, you can find out how much equity you have and what you can do with it in today’s housing market.
Bottom Line
If your current home no longer meets your needs, it might be time to consider selling it so that you can find your dream home. By working with a real estate professional, you can explore your options and find the best strategy for selling your current home and finding your next one. Don’t hesitate to reach out to me so that we can discuss your unique situation and create a plan that meets your needs.
Find out why Kaya Homes is the leader in Long Island Real Estate and are your go-to realtor in the Lynbrook, Oceanside, Malverne, Hewlett, Valley Stream, East Rockaway, Woodmere, Cedarhurst, Baldwin, North Woodmere, Woodsburgh, Hewlett Neck Hewlett Harbor, Bellmore,Wantagh,Merrick and Freeport area.www.kayahomesny.com
Wed, 19 Apr 2023 22:34:07 +0000
