Reasons Why Home Owners Sell Their Homes


According to the U.S. Census Bureau, an overall percentage of 14.19 Americans move annually. Typical property holders in America sell and move every five to seven years. Why do sellers move?

Typical Reasons Include:

1. Size Of The Home: The expanded family situation is the primary reason for people to shift.

2. Relocating Due To Job Transfer: Migrating to another place is one of the many reasons people sell their house. Instead of traveling for miles, it makes sense to buy a house that’s close to your work place.

3. Personal Relationships: Couples who’re moving in together may want to sell. And sometimes, couples going through a divorce may want to sell their matrimonial home.

4. Neighborhood: If you’re living next to neighbors from hell, selling the house may be the only sane option. Loud music, screaming children, or a long disputed argument could be a trigger.

5. Empty nest: The children may have grown up and moved out of the house. Elderly parents may find it difficult to maintain their big house; so they consider downsizing.

6. To be close to family: It is not uncommon for parents to be close to their children or grandchildren. Some would like to move to a retirement community to be close to people their age.

7. Health Issues: With age, come health problems. For those who cannot climb stairs or maintain their house any longer, selling their house is the only option.

8. House Repairs Works: If your house is damaged or needs to be fixed, you need to spend a lot on renovation. Instead of wasting time and money, home owners prefer selling.

9. Financial Difficulties: Some property holders sell their home as they may run out of money. These owners may not be able to pay back their outstanding debts.

10. Change In Lifestyle: Some people are just tired of routine. They choose to spend the rest of their lives wandering aimlessly.

11. Death Or Murder In The House: When you are not comfortable to live in a house after a sudden death or murder, you choose to sell your home.

12. Foreclosure Situations: When sellers fail to pay the mortgage, the bank takes back the property. To stop repossession, you can consider selling the house.

13. Houses In Probate: Probate houses are a headache; no wonder people are eager to sell them as quickly as possible.

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