Is Your Home No Longer Meeting Your Needs?

As life changes, so do our housing needs. While owning a home provides a sense of stability and security, it's important to reassess whether it still meets your needs. According to the National Association of Realtors, the average person lives in their current house for ten years, but if you find yourself in a situation where your current home no longer suits you, it may be time to consider a move.

If you're thinking about selling your home in 2023, you're not alone. Realtor.com reports that one in three potential sellers are considering a move because their current home no longer meets their needs. The top reasons for selling, according to NAR, include moving closer to friends or family, retirement, changes in family situations, job relocation, and homes that are either too small or too large.

Fortunately, it's still a great time to sell, as we're currently experiencing a strong sellers' market. Homes listed at market value and in good condition are attracting buyers and selling quickly. With expert advice from a local real estate agent, you can ensure that your home is ready for the market and priced appropriately.

Moreover, if you've been in your home for a while, there's a good chance you have a significant amount of equity built up. This can be used to power your next move, whether you're downsizing, upsizing, or relocating. In fact, NAR's report indicates that 38% of recent buyers used the money from the sale of their previous home to cover the down payment on their next one.

To make the most of your equity and find your dream home, work with a real estate professional who can guide you through your options in today's housing market. Don't settle for a home that no longer meets your needs when there are so many opportunities available to you.