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7 Life Stages When Selling Your Home Makes Sense

7 Life Stages When Selling Your Home Makes Sense

Life is full of transitions—seasons of joy and sadness that are constantly evolving and ever-changing. Entering a new phase of life can trigger significant changes in order to adapt and adjust.

If you find yourself on the precipice of change, ask yourself what you can do to navigate the next season more peacefully. Often, significant changes result in a shift in your housing needs, and suddenly, it’s time to sell.

Whatever season you find yourself in, your home should work for you. If your home is no longer ideal, it’s time to consider your options. If a transition is in order for you and your family, finding quick cash home buyers might be easier than you think.

If you are currently in one of these stages, a real estate agent or investor in your area is ready to help get you into a home that fits your needs.

1. Growing Family

A new baby is all the reason to celebrate. But every new family member requires a little bit more space in your home. When a baby is on the way, consider selling your starter home and finding something with room to grow.

2. Kindergarten

Parents commonly want their kids in the best schools. Seeking out a home in the ideal school district might require a change from the neighborhood that met all of your needs through the preschool years. As your kids prepare to head to Kindergarten, it’s the perfect time to consider a switch.

3. Empty Nest

The house can feel empty and hollow when the kids have grown and flown. Parents often find themselves choosing between keeping the family home filled with memories or moving to something more fitting for an empty nest. If your kids have moved out on their own, and the upkeep of your home suddenly feels like a burden, it may be time to put your home on the market.

4. Multi-Generational Living

Multi-generational living is becoming more common. As parents age, sometimes it makes sense to combine households. Multiple generations under one roof mean that everyone has the help they need. This living arrangement generally requires more space and possibly a mother-in-law suite. If your family is ready to take the leap, it often requires selling two homes and combining assets to purchase a larger, more functional space.

5. Divorce

Couples that split must decide how to handle the family home. While there are many different ways to navigate this transition, people often find their house is too expensive for just one person to afford. By selling the home and dividing the equity, both people will have the cash they need to start their next chapter.

6. Change After Loss

When you lose a family member, it’s hard to predict how you will handle the heartbreak. While some people can’t leave a home filled with happy memories, others need a fresh start. Selling your home and moving into something new and exciting might be the best way for some people to transition through grief.

7. Preparing to Age In Place

Aging is inevitable. At a certain point, we all must consider what changes we will need to make as we age. Find a home with minimal upkeep, a layout you can navigate if your mobility declines, and close to people who can look out for you. By selling your home and investing in a new one that will allow you the freedom to age in comfort, you might avoid a care facility down the road.

Unique Times When All Homeowners Should Consider a Change

If you find yourself in a market or situation that is uniquely advantageous to homeowners, consider whether selling makes sense for you. While not common, it might be your sign that it’s time to list your home. Here are some indicators to watch:

  • Hearing it’s a “Sellers Market.” Every once in a while, inventory will be so low that people are begging for houses to buy. If you find yourself in a seller’s market, you might take advantage of buyers willing to pay more than the value of your home, especially as you can sell your house as is.
  • Low Interest Rates. When interest rates go down, you will find yourself contemplating a refinance. While a refinance will lower your house payments, there are costs associated with it. Before you refinance, make sure your home will meet your needs long enough to justify the closing costs of your refinance. If you don’t see yourself in your home long-term, the time for change could be now.
  • Significant Appreciation. If your house value has appreciated significantly, consider selling your home and pocketing the cash. While you will need to buy a new home, you’ll have a hefty down payment, or you can use the money to achieve other financial goals.

Whatever phase of life you are in, your home should be a place you cherish. When you walk in the door, you should feel safe and comfortable. Don’t be afraid to consider selling when your home no longer meets your needs. Selling your home to accommodate your next phase of life may open doors to an exciting future.

About Paul Abrams

About Paul Abrams

Paul Abrams is the Managing Director of Operations at Express Homebuyers, bringing nearly three decades of extensive real estate expertise to our team. His rich background in business and real estate significantly boosts our operational processes and performance. Leading our Operations Department, Paul focuses on identifying growth opportunities and enhancing process efficiency.

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