Reasons to Sell Your House

• Reasons to Sell Your House
• Introduction
• The Size of Your Family is Changing
• Relocating for a Job or Trying Something New
• You or Your Spouse are Approaching Retirement
• The Neighborhood is Taking a Turn for the Worse
• Worry Less about Maintenance & Buy Something Newer
• The Market is Hot

Introduction

We're going to talk about the best reasons why you should sell your home. Homeowners have many different reasons for selling their homes, and you must be aware of all of them before you decide what to do with your house. Think about whether there is a need for more cash flow in your life, or if you need something newer than an older home. If any of those things sound like they apply to you, then you might want to bookmark this article!

The Size of Your Family is Changing

If you are selling your home for the first time, chances are that your family has changed slightly. You may have a teen who is now living on their own or an empty nester couple looking to downsize. Homebuyers want an idea of how many bedrooms they will need and whether or not space would accommodate parties with friends and family members when visiting from out of town. If any lifestyle changes happen after purchasing a new property, it can be difficult to sell because no one knows what's going to happen next!

Relocating for a Job or Trying Something New

If you are moving for a job, you must sell your home before the new position starts. Once you have found the perfect place to live in your new location, mention it at work as soon as possible so they can start advertising and looking for a buyer. Homeowners who want to move often delay their decision because of emotional attachment or other reasons. However, if there’s no current reason to stay, then don't hesitate to make this happen! Rochester homes for sale today are typically all-cash offers with speedy closing dates (sometimes within 24 hours). If someone wants a Rochester home for sale quickly but doesn't find any good options available when they're ready -  they'll offer more money than what was originally agreed upon.

You or Your Spouse are Approaching Retirement

Home ownership is a blessing and can be an incredible asset to your retirement. If you are approaching retirement, consider selling your home to generate more cash flow or for the freedom of not having any upkeep responsibility at all. You will also have access to the equity that may allow you to invest elsewhere now or later when it's time. Also, speaking about cash flow, there are tax benefits!

Home ownership is an asset that can generate more income for you to use now and later. Homeowners are eligible for a $500,000 capital gains exclusion when they sell their primary residence after living in it as the owner for at least two of five years during the eight-year period ending on the date of sale (or if sold sooner, one out of three years). Homeowners who don't need to live in their home anymore may also qualify to exclude up to $250,000 from taxable gain. In this situation, homeowners have lived in their home as owners less than two out of five years preceding its sale or had not lived there at all within five years before the sale. Let us work with you on finding the perfect property so that as soon as possible, you don't need one!

The Neighborhood is Taking a Turn for the Worse

One of the most common reasons homeowners decide to sell their home is if they notice that the neighborhood has turned for worse. Homeowners may have noticed an increase in crime, several properties being abandoned, or homes in need of repair.

Worry Less about Maintenance & Buy Something Newer

Another reason why many individuals are selling their homes these days is that they're tired and frustrated with maintaining it - especially as age catches up with them; this might be due to renovations not completed (or started) by previous owners, which can get expensive when you hire someone else to complete them (you might end up paying twice). If there's one thing we've learned since our inception in 2008, it's that people don't like spending money unless necessary.

The Market is Hot

If you're thinking about selling your house, the market is hot. Home prices for Rochester homes for sale are up - in some cases more than doubling since 2009. Look at it this way: If you bought a home five years ago and put 100% of the purchase price down on that property, then today's $250k investment would be worth over $500k!