Why Sell Now Even With Higher Mortgage Rates?

Why Some Homeowners Are Deciding to Sell Now

Lately, a lot of homeowners have been putting off moving because they don’t want to sell and end up with a higher mortgage rate on their next home.

Maybe you’re in the same boat? It’s one of the main reasons why there are so few homes for sale right now.

But, more and more people are deciding to sell anyway, for personal or lifestyle changes.

If you’re on the fence about moving, check out some of the top reasons others are choosing to sell. You might find these reasons convincing enough to make your move now, too.

Time for a Change

Sometimes, a new job in a different city, wanting to be closer to family, or just craving a change of scenery can make you want to sell. For example, if you’ve landed an amazing job offer that requires you to relocate, putting your current home on the market might be the next logical step.

Just Not Enough Space

Your current home might not fit your lifestyle anymore. Maybe your family is growing, you need a home office, or you want more room for entertaining. For instance, if you live in a condo and have a baby on the way, selling might be the best move so you can find a larger home that suits your needs.

Retirement or Downsizing

On the flip side, some people are ready to downsize. The kids have moved out or you just want less to maintain. If you’re newly retired and dreaming of a simpler lifestyle, downsizing to a smaller home could free up both time and resources to enjoy this new chapter of life.

Changes in Relationship Status

Divorce, separation, or marriage often mean you need new living arrangements. If you’ve just gone through a life changing event, selling might help you move forward and find a situation that works better for you now.

Health and Mobility Needs

Health concerns also drive the decision to sell. A home might no longer suit your needs. If this sounds like you, a more accessible space, or using the proceeds or selling for assisted living, could significantly improve your quality of life.

Bottom Line

Selling is about making the best decision for your lifestyle and future. If a major life change has you thinking about moving, now might be the right time to sell. Contact me as your trusted real estate professional to help you navigate the entire process.