When Is It Time to Sell Your Home?

Deciding to sell your home can be tough for some people. After all, you may have a beautiful home that you enjoy being in. However, it may not stop you from thinking, "When is it time to sell my home?" A home is a major purchase and, oftentimes, the largest one a typical American will make. Here are some reasons why people decide to sell their homes at different points in life.

Growing Family

Maybe the starter home you had as a single couple is no longer enough to hold your expanding family. As you add children, dogs, and possibly your elderly parents, it may be time to have a bigger home that can accommodate everyone. Some people may add additions to an existing home, but it may not always be feasible in your existing plot of land. As your family grows, you may also realize some areas may not be as conducive to raising children as it was to being a single and carefree couple.

Realizing Your Home is Empty

Fast forward several years ahead. Your kids are now grown and moved out on their own. Your last one is off to college, and you have empty nest syndrome. Now may be the time to think about downsizing or moving to a home in a new location.

Wanting Easier Living Situation

According to the National Association of Realtors, the average person selling their home is around 60 years old. Seniors may be the most popular home sellers because they may have reached a point where they no longer want to tend to a large home on their own. Once the kids are gone, they may prefer to live in a community around other people their age. Whether they're independent and want a house in a 55+ community or need more assisted living help, seniors have several housing options to consider.

Changing Neighborhood

If you've been in your neighborhood long enough, you may have seen some changes. Those changes may be good or bad. There are places where crime has gone up, school systems have gone down, and businesses have closed. If your once beautiful neighborhood is a shell of what it once was, that's usually a sign to look for a sell my home service.

Moving for Change of Scenery

You may have a beautiful home and neighborhood, but maybe your preference has changed. Maybe you're tired of cold winters and prefer sunshine all year. Weather is one of the main reasons why many American seniors retire in places like Florida or Mexico. You may want to move from the city to experience life on the waterfront or a quiet rural life with more land.

Wanting to Downsize

A large home may have been fine when you were younger and had more energy. Or you may be in over your head financially based on the overhead cost of utilities in a large home or taxes that keep rising in your area. If your house is too much for you to handle in terms of daily activities, taxes, mortgages, etc., you can always move on to a more manageable place.

Wanting Your ROI

You may feel you've put enough time into your existing home. After watching your equity rise, you may be willing to cash out with a nice profit and downsize to a smaller home. Then you can enjoy your money in other ways. Take that money and travel for a while, help your kids buy a house, or buy a smaller or cheaper home in cash in another country, as you make your profit stretch.

As you can see, there are several reasons why people decide to sell their homes at different points in life. They may be a younger person transitioning from a starter home to the main home to raise a family. Some people may want to downsize and have more money in their pocket. As some people age, they may desire a community that caters to them. The sky's the limit in terms of reasons, but when you need to sell your home, there's a potential buyer to be matched with you. When you need a sell my home service in Pocono Summit, PA, our team is the one to call. We help people sell, buy, and get financing for homes, so contact E-Realty Services today.