Reasons Motivating Homeowners to Move Right Now

In recent years, many homeowners have postponed selling their homes, primarily to avoid taking on a higher mortgage rate for their next property. If you’re hesitant to sell for this reason, you’re not alone—it’s a common barrier that has contributed to the low number of available homes on the market.

However, a growing number of homeowners are finding they can no longer wait. Often, it’s due to personal or lifestyle changes. As Redfin puts it, “Some homeowners are opting to bite the bullet and give up their low rate in order to move. Many are selling because of a major life event like a job change or divorce.” If you’re considering selling, exploring why others are making the move may help you decide if now is the right time for you, too.

When It’s Time for a Change

Life transitions, such as a new job in another city, wanting to be closer to family, or simply seeking a fresh start, can create a strong motivation to move. For instance, if you’ve received a job offer that requires relocating, selling your current home may be the next logical step.

Outgrowing Your Current Space

As families grow, work-from-home needs increase, or you simply want more room to entertain, a larger space might become necessary. For example, if you’re living in a condo and expecting a baby, it may be time to sell and find a home that better suits your expanding lifestyle.

Retirement or Downsizing

On the flip side, some homeowners are looking to downsize. Reasons include children leaving home, retirement, or a desire for a simpler life. Downsizing to a smaller home can free up time and resources, allowing you to focus more on this new phase of life.

Changes in Relationship Status

Significant life changes, such as marriage, divorce, or separation, often lead to a change in living arrangements. For instance, if you’ve recently gone through a divorce, selling the home you once shared may allow you both to move forward and find a living situation that better suits your needs.

Health and Accessibility Needs

Health concerns, especially those affecting mobility, can also drive the decision to move. If a home once suited your lifestyle but no longer meets your physical needs, selling to find a more accessible property—or even funding assisted living—could greatly enhance your quality of life.

Final Thoughts

Selling your home isn’t just about interest rates or market conditions; it’s about making the best choice for your lifestyle and future. As Bankrate notes, “Deciding whether it’s the right time to sell your home is a very personal choice. There are numerous important questions to consider, both financial and lifestyle-based . . . Your future plans and goals should be a significant part of the equation.”

If a major life change has you thinking about moving, now might be the right time to sell. Let’s connect so you have a trusted expert by your side to help navigate the process.