In the 2022 Summer Sellers Survey conducted by realtor.com, home sellers mentioned some reasons why they decided to sell. Below is a breakdown of their top answers:
Features And Amenities
Some of the selling points of certain communities are the features and amenities that they offer to homeowners. Now that people are staying more at home, amenities have become more valuable. Some of the favorites are: swimming pools, tennis courts, playgrounds, and gyms.
Some homeowners may need to sell their homes because of their needs. It could be that their families are getting bigger or they have more tasks that they need to do indoors. Sometimes more space is necessary to be able to accommodate growing needs.
Working from home has become more common these days. About 26% of the people in the survey believes this is a good reason to find a home with a flexible working space. For those who are living in smaller spaces, it may be necessary to move into bigger homes so they create a customized working space to suite their needs.
Getting Closer To Loved Ones
A strong support group is important not only emotionally, but also mentally. Being close to loved ones is one of the reasons why people are keen to move into bigger homes where they can accommodate close friends and relatives. Some may also move into homes that are nearer to their families so they can spend more quality time with them.
On the other hand, there are also people who sell their homes to move into smaller spaces. Some believe that it is easier to maintain smaller houses than bigger ones. Minimalist themes have become popular nowadays, as well as tiny houses.
Since many people can work virtually, they have the option to stay in other places. Unlike before, it is no longer a must to live near the office just to skip the traffic during rush hours. Today, many have the option to move into their preferred cities while doing their jobs.
If you're keen to know how to sell your home and want to know the pros and cons, feel free to reach out to your trusted Realtor® Kyle Kelly or any member of The Island Wide Team. They can help you understand the real estate market and make things easier when it comes to homebuying or selling.
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