Top 10 Reasons People Sell A Home in South Florida

This is why I want to sell my home…

Here are the Top Ten things people tell us

Every week we receive calls from homeowners who want to sell their home (and save thousands with our flat fee program).  Most are looking forward to the move, others not so much.  Some want to get things going right away while others are not 100% sure yet.  We get calls from people who are still months away, but want information about our popular flat fee program.

I thought this might be interesting, so here are the top 10 reasons people give us for selling their home.

1) We are leaving South Florida.

People want to sell their home because of a job opportunity, other times it’s because a job was lost.  We’ve had people tell us they do not want to worry about hurricanes, while others just want to move to the mountains.  Some sellers want to move closer to family.

Home Value Report

2) We are downsizing.

We often hear from empty-nesters that no longer want to care for a big empty house.  Some are going to a smaller home, condo or townhouse.

3)  We need a bigger home.

Growing families and couples looking to start a family reach out to us.  Some people need more room because a parent or a loved one is coming to live with them.

4) We want a particular school district.

This is an example of why property values are often associated with school districts.   In demand neighborhoods with strong property values are usually found in good school districts.  You’ve heard the old saying … it’s all about location, location, location.  It can also be about schools, schools, schools.

5) We want to cash out and rent.

Since property values have appreciated so much over the last few years many people want to cash out and sell their home.  This is becoming more and more common as property values haven’t been this strong in a long time.

6) We are retiring.  

As the baby boomers age relocating to a 55+ community is popular.  Some stay local and choose a place like Wynmoor, Kings Point or Century Village, others move to a different part of the state.

7) We are getting divorced.

Always a sad one to hear a marriage didn’t work out.  These can be tricky if one person wants to sell and the other doesn’t.

8) We need a shorter commute to work.

Maybe they tried it for a year or so, but a long commute each day can get really old really quick.

9) Health problems

Sometimes special living arrangements are needed and unfortunately you have no choice but to sell your home.  It can translate into an assisted living facility, or it can be as simple as moving from a 2-story home to a 1-story home.

10) We can’t afford the payment anymore.

Thank goodness we don’t hear this as much today. Looking back a few years ago this would have been the number one reason people were calling us to sell.

 

According to recent 2018 consumer mortgage and banking study, the median duration of homeownership in the U.S. is 13 years before selling.

 

 

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