Top Reasons Why Do People Sell Their Homes In Houston
Homeowners in America are some of the most restless people. They tend to move every five to seven years. There is a wide range of reasons why people decide to put their houses on the market, from things happening in their personal lives to the environment around them.
Still, a home that ceases to be a suitable home for one family can be a great one for another. If your home is no longer a good fit for your family, then it may be time to consider a change.
The reason behind a move can be attributed to the property itself, or the area it is in. This doesn’t necessarily mean that the home or the area is bad, but the situation of the homeowner might have become different, thus, needing a change.
- The Size Of The Home Isn’t Big Enough
If the homeowner has a growing family, the initial house can prove to be too small for the increasing family members. This is one of the most common reasons for selling a home and moving. People often look for a larger place as their kids grow.
- Made An Error
The homeowners might have overlooked some aspects of the home when purchasing the home but then later realized that the presence or absence of certain features is affecting their stay at that home. For example, they might have assumed that would manage just fine without a front yard, but then realized that they couldn’t bear the noise from the street just in front of their home. Maybe they are tired of tripping over the steps leading to the sunken living room. Regardless of the reason, homeowners might come to the realization that they made an error when investing in their current property and no longer want to stay there.
- There Goes The Neighborhood
The neighborhood might have experienced some drastic changes economically, socially, or in its infrastructure. It might be that the area has become too commercial, too young, too silent, or too busy, and the residents aren’t pleased with the fact.
Financial issues are another common reason that influence homeowners to move. Individuals’ incomes tend to change over time and property prices are constantly changing, which leads to another factor.
- Moving On Up
As people’s careers continue to flourish and their incomes improve or if they come across a significant amount of cash, they tend to improve their lifestyles, and this includes the homes they are living in. Even with small families, most will go for bigger, fancier, and obviously more expensive residences.
- Deferred Maintenance
Some homeowners might not see any value in investing in a new roof, replacing their siding, or purchasing a new furnace, hence, the best option for them is to just buy a new home. Considering that a majority of residential infrastructure has a lifespan of around 15 years, it can be a smart move to move out before you are forced to incur heavy repair and replacement costs.
- Cash In Equity
There are homeowners who can’t make peace with the fact that their house is worth a lot of money but, of course, they can’t eat the house. Instead of just staring at the ceiling with empty wallets, they consider it more financially convenient to sell the house and get the money they are so in need of. Hence, they choose to cash in as the property prices continue to rise.
Many circumstances arise in life, most of which have nothing to do with money or the size of the family. If your home is the only attachment you have to a particular area, then you might as well consider dropping your home from the list of attachments.
- New Career Opportunities Or Job Transfers
Career-related factors are another common motivation for a move. Considering how important one’s career is to their life, it makes it necessary to uproot one’s current life and start another where duty calls. Even though commuting might be an option, there is obviously a limit as to far one is willing to commute, particularly if daily heavy traffic is involved.
- See Family More Often – Or Less
As most people age, they often move to be closer to loved ones. One the other hand, some people move to be further away from their relatives. Fractured and dysfunctional families often benefit from spending significant time apart as it helps them grow closer after being reuniting.
- Thirst For A Fresh Challenge
There are people who find pleasure in fixing up a home – investing time, money, and effort on remodeling projects. However, they soon become restless after the job is done as they don’t have anything left to do. What’s better than selling and proceeding to the next fixer-upper.
- Varying Priorities & Interests
Some people just become tired of being stuck in one place and would prefer traveling, pursuing their favorite hobby, or having less responsibility. Thus, for such people, owning becomes less of a priority and selling the home offers them the opportunity to fulfill their dreams.
Life Cycle Reasons
As people achieve major life milestones, their preferences and needs in terms of housing tend to change.
- Changes In Relationship
When one moves in with their significant other or they get married, they are often forced to sell one of or both of their individual homes. On the other hand, breakups are also a big motivation to sell a home. One party might need to buy out their ex but not have the cash at hand, it may no longer be possible to sustain the place on a single income, or the home just brings about unpleasant memories.
- Empty Nest
One might also need to move in order to downsize a home, this is especially so for empty-nesters. The parents might desire a smaller place after their children have moved out. In addition, maintaining a big home becomes more difficult as you age, which makes a townhouse or apartment more appealing. Physical complications can make climbing stairs, walking long distances, maneuvering narrow spaces, and doing yard work almost impossible. Considering that refitting is an expensive affair, moving to a new place with a suitable layout or a condo complex that has maintenance staff offers a more convenient option.
Buyers mostly over the age of 55 are becoming more attracted to active-adult communities. Such communities have clubhouses, golf courses, recreational facilities, work out facilities, social facilities, and medical facilities, which makes it easier for the aging population in such places.
If one of the partners dies, the one who’s left in most cases finds that the house is either too big or it holds too many memories, which makes it harder for them to move on peacefully. In the case of grown children, they might find that keeping the familial home after both their parents are gone to be impractical. Homeowners will often be advised by their estate planners to transfer the title to their property into a trust. This enables the heirs to avoid proceedings, which makes the process of selling a home easier.
Assurance Of Cash From Haan Homes
The process of selling a home is very easy. Haan Homes is a professional house buying company that buys houses fast in Houston. We pay cash for homes, which makes the entire process simple and quick. Contact us or call us today for any help needed to sell your home quickly.
Our team will visit your home, take a look around and provide you with an offer within 30 minutes.
Our offer is completely a no-obligation offer, which means that you won’t have to do anything if you are not fully satisfied with our offer.