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Top Reasons for Homeowners to Sell Their Home Right Now

  • Nov 07, 2022
  • Real Estate
property seller agent

Are you on the fence about whether or not you should sell your home in 2022? Currently, seller’s  markets are prospering throughout most of Houston, Texas, hence, if you want to get a good price for your house, now is the time to sell.

The 2022 Summer Sellers Survey by realtor.com found out reasons why sellers have decided to sell their house – 31 per cent wants different amenities and features such as pool, outdoor space, recreational centre, for 29 per cent, their home is not meeting their requirements, 23 per cent wants to live near their loved ones and family, 17 per cent no longer requires to stay near their office, 22 per cent wants a smaller house for less cost and maintenance issue and 26 per cent needs a home office to work.

Here are Top Reasons to Sell Houses Right Now:

The House Is Too Small

The house is inadequate. People often sell their properties because their family size has grown. New homeowners frequently outgrow their starter homes. Many homeowners require a larger home as their children grow. Homeowners are also increasingly seeking multi-generational properties to accommodate aging parents or adult children returning home.

The Home Doesn't Meet Their Needs

Perhaps they believed they could manage without a front yard, but the street noise is just too loud. Maybe they don't use the pool since it's difficult to maintain. They might be tired of tripping on the stairs leading to the sunken living room. For whatever reason, homeowners may feel that they made a mistake in choosing their current residence and desire to move. 

The Neighbourhood Has Changed

Possible changes to the neighbourhood is also one of the factors why homeowners are looking to sell their property. Perhaps there has been an unfavourable development in the neighbourhood. It may have become overly commercial, busy, young, or quiet, for instance. 

Financial Reasons

Another frequent reason for moving is financial considerations. Along with changes in people’s salaries over time, housing values also changed through time, adding additional variables. 

Empty Nest

The children have grown and moved out. The homeowners desire a smaller house. Maintaining a large house and yard becomes more difficult as you age. It’s fairly common for retirees to downsize their homes.

Live near loved ones

Some people decide to relocate so they may be near their family when they get older. Parents prefer to be around their kids.

Upgrade

People frequently yearn for what they do not have, such as a larger, more expensive, and opulent home. Moving to a larger space is also one of the factors.

Job Transfer

Relocation forces many people to uproot and relocate. Most people will rather not spend two hours travelling every day if the commuting distance exceeds an hour.

Cashing In Equity

Due to difficulties in accessing the equity in their homes, some homeowners grow frustrated. Many people find it unappealing to take on extra debt, which is what home equity loans and lines of credit entail. They find it more financially advantageous to sell and spend the proceeds for other things rather than staring at four walls with empty wallets. They profit by cashing in on the increase in real estate values.

Death in the Family

When one of a pair passes away, the surviving spouse could find the house to be too huge or overflowing with mementos to stay there. Perhaps grown children find the ancestral house impractical to maintain when their remaining parent dies. Estate planners frequently advise property owners to put title into a trust so that their heirs might avoid probate procedures and sell a home more quickly.

Conclusion

Looking for a real estate agent in Texas to sell your house, get in touch with Jay Thomas Real Estate Team. They are a property seller agent and will get your home listed on the best Real Estate Multiple Listing Service (MLS) websites. The team offers a full-listing agent service for a 2% listing fee of the property's sale price, as opposed to the typical agent who charges 3% for a listing. They don’t charge any upfront fees or hidden costs to list your properties, so you make more money.

There will be more buyers because your home will be listed on all major real estate listing websites. They will organise, check the escrow and title firm, assess, and manage all documentation. Your property will be professionally photographed so that it can be posted on numerous websites. To broaden the appeal of your home up for sale, they employ the most innovative and effective marketing techniques.

Hello! I'm Jay Thomas, A REALTOR in Houston, Texas. Chances are you and I share a similar passion, Real Estate! I also have a passion for building businesses, working out, inspiring others, technology, sports, and people. Connect with me on Facebook and Instagram!

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