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HOME

New Times lead to New Reasons for Selling a Home

Terry Riffe | June 3, 2015

An Flamand, Broker Orlando Vacation RealtyNew Times lead to New Reasons for Selling a Home. Decades ago, it was not uncommon for people to work at the same job for the entirety of their professional career. Similarly, many people kept the same home their whole lives. Those trends, however, have shifted. Today most homeowners buy and sell several homes throughout their lifetime. The reasons to sell one’s home have changed over time – changes in family situations, neighborhood transformations, financial changes, and many others. However, the most popular reason sellers decided to leave their home for another remains the same – outgrowing their homes. According to the National Association of REALTORS® 2014 Profile of Home Buyers and Sellers, 15 percent of sellers sold their previous home because the place was too small. That number was much higher (30 percent) among first-time sellers. Additionally, another 15 percent sold their last home due to job relocation.

For most home buyers, the purchase of real estate is one of the largest financial transactions they will make. Buyers purchase a home not only for the desire to own a home of their own, buy also because of changes in jobs, family situations, and the need for a smaller or larger living area.

If you are in the market for a new home or are looking to sell your existing home, I would be happy to assist you. You can email me an@orlandovacationrealty.com or give me a call 1(407)800-0888.