Two Reasons You Should Sell Your House

Wondering if you should sell your house this year? As you make your decision, think about whats motivating you to consider moving. A recent survey from realtor.com asked why homeowners are thinking about selling their houses this year. Here are the top two reasons (see graphic below):

Lets break those reasons down and explore how they might resonate with you.

1. I Want To Take Advantage of the Current Market and Make a Profit

When you decide to sell your house, how much youll make from the sale will likely be top of mind. So, heres some good news: according to the latest data, the average seller can expect a strong return on their investment when they make a move. ATTOM explains: 

The $112,000 profit on median-priced home sales in 2022 represented a 51.4% return on investment compared to the original purchase price, up from 44.6% last year and from 32.8% in 2020.

Even though home prices have declined slightly in some markets, theyre still much higher overall than they were just a few years ago. To understand whats happening with home prices in your area and the current value of your house, work with a local real estate professional. They can give you the best advice on how much you could gain if you sell this year.

2. My Home No Longer Meets My Needs

The average person has been in their house for ten years. Thats a long time when you think about how much may have changed in your life since you moved in. And typically, those changes have a direct impact on what you need in a home. Whether its more (or less) space, different features, or a location closer to your work or loved ones, your current house may no longer check all the boxes of what feels like home to you. If thats the case, it could be time to work with a real estate agent to find a better fit.

Venessa James - Broker Associate    

ABR, ALHS, CHMS, CNE, LUXE, SFR, SRS  

Platinum Experience Group KW Professional

: (281) 889-8292  

: venessa@venessajames.com      

: www.platinumexperiencegroup.com

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