The National Association of Realtors (NAR) has released its yearly report, providing valuable information on the reasons why homeowners, such as yourself, decided to sell their homes. The primary motivations all revolve around life changes, as illustrated in the graph below:
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 the homeowners in this report, find yourself needing features, space, or amenities your current home just can’t provide, it may be time to consider giving me a call about selling your house. Your needs matter. I will walk you through your options and what you can expect from today’s market, so you can make a confident decision based on what matters most to you and your loved ones.
Furthermore, I can assist you in finding out how much equity you have and how it can facilitate your transition to accommodate your evolving requirements.
As Danielle Hale, Chief Economist at Realtor.com, explains:
“A consideration today's homeowners should review is what their home equity picture looks like. With the typical home listing price up 40% from just five years ago, many home sellers are sitting on a healthy equity cushion. This means they are likely to walk away from a home sale with proceeds that they can use to offset the amount of borrowing needed for their next home purchase.”
Today's Total Active Homes For Sale
In Escambia and Santa Rosa County
3103
Above $600,000
569
Between $500,000 - $600,000
179
Between $400,000 - $500,000
375
Between $300,000 - $400,000
847
Between $200,000 - $300,000
847
Between $100,000 - $200,000
289
Under $100,000
36
RED is UP Black Remained the Same Green is DOWN
Mortgage Rate 30 YR Fixed 6.40%
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This article provides information and opinions but is not meant as investment advice. Skip Geiser LLC does not assure the accuracy or completeness of the information or opinions presented here. It is important to conduct your own research, due diligence, and seek professional advice before making any investment decisions. Skip Geiser LLC is not responsible for any loss or damage resulting from relying on the information or opinions in this article.
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