Are you considering selling your house this year but unsure whether it’s the right move for you? A recent survey conducted by realtor.com found that the top two reasons homeowners are considering selling their homes in 2022 are: taking advantage of the current market to make a profit and a need for a home that better meets their needs.
If you’re motivated by the opportunity to profit from your home sale, the latest data shows that sellers can expect a strong return on their investment. On average, homeowners made a profit of $112,000 from the sale of a median-priced home in 2022. This represents a 51.4% return on investment compared to the original purchase price, which is up from 44.6% in 2021 and 32.8% in 2020. Even though home prices have slightly declined in some areas, they remain higher than they were just a few years ago. Your local real estate professional can provide you with the best advice on the current value of your home and the potential profit you could make if you sell this year.
Alternatively, if your current home no longer meets your needs, it may be time to consider selling and finding a better fit. As the average person has been in their house for ten years, it’s common for life circumstances and needs to change, such as needing more or less space, different features, or a new location. Working with a real estate agent can help you identify what you need in a home and find the right fit.
Overall, if you’re thinking about selling your house, there’s likely a good reason behind it. A real estate agent can help you determine if it’s the right move for you and guide you through the process to achieve your goals.
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