Deciding if you should sell? Let’s Talk About Your Lifestyle.
Deciding whether to sell your house now or hold off is a common dilemma many homeowners face. While financial considerations are always important, your lifestyle might be the most significant factor in your decision.
In fact, sometimes the personal motivations for moving are strong enough to make selling your home a priority, even if market conditions are only part of the equation.
COMMON REASONS FOR SELLING
An annual report from the National Association of Realtors (NAR) offers insight into why homeowners like you chose to sell. All of the top reasons are related to life changes. As the graph below highlights:
As the visual shows, the biggest motivators were the desire to be closer to friends or family, outgrowing their current house, or experiencing a significant life change like getting married or having a baby. The need to downsize or relocate for work also made the list.
If you, like many Omaha homeowners, find yourself needing features, space, or amenities that your current home just can’t provide, it may be time to consider talking to a real estate agent about selling. As your local real estate agent, I can guide you through your options and help you understand what the current market in Omaha, NE, looks like, allowing you to make a confident decision that’s based on your unique needs and lifestyle.
UNDERSTAND YOUR EQUITY
One key element to consider is the equity you’ve built up in your home. With home prices having increased substantially in the last five years, many Omaha homeowners are sitting on a sizable amount of home equity. Danielle Hale, Chief Economist at Realtor.com, explains it best:
“With the typical home listing price up 40% from just five years ago, many home sellers are likely to walk away from a home sale with proceeds that can offset the amount of borrowing needed for their next home purchase.”
If you’re considering a move in or around Omaha, understanding your home equity can help make the transition to a new home easier, especially if you need a place that better suits your current or future lifestyle.
The Bottom Line
Your lifestyle needs may be enough to motivate a change. If you’re a homeowner in Omaha, NE, and want help weighing the pros and cons of selling your house, let’s have a conversation. I’ll walk you through the local market, your options, and how your home equity can make your next move more achievable.
