Did you know that tens of millions of Americans move each year? And Americans can expect to move about 11 times over their lifetimes. So, the chances are good that you’re used to packing up your stuff and moving elsewhere. Maybe you’ve gone through the process several times.
If you own your home and are weighing whether or not to call a real estate agent, put your home up for sale, and move elsewhere, you’ll want to know you’re making the right decision. Timing is everything, so you’ll want to ensure the time is right before you sell your residence.
Keep reading for a look at five reasons to sell your home and relocate someplace else.
1. Job Opportunity
One reason you might want to sell your home is to take advantage of a job opportunity. If you want to accept your dream job in another location, you might need to sell your home and move closer to your new job location. Whether your employer has offered you a promotion requiring you to work at another office or you have a great job offer from another company, you might need to move elsewhere. Sure, you could commute. But if you don’t want to spend hours commuting to and from work, moving might be the best option.
2. Empty Nest
Have you lived in the same place for a long time, raised a family there, and seen many of your offspring move out and live as independent adults? If so, you might have way more space than you know what to do with. When the nest empties, it sometimes makes sense to sell the family home and move to a new home that is more appropriately sized.
3. Relationship Breakdown
Another reason to consider selling your home is if you’re going through a divorce. Depending on the agreement between you and your spouse, you may need to sell the family home. That way, both parties can get whatever percentage of the proceeds they’re entitled to. Whatever you do, ensure you get counsel from a family law lawyer so the process is fair for all sides.
What happens if a parent or grandparent passes away and you receive a house as an inheritance? You’ll have various options. But if there’s no scenario under which you intend to live in the house or rent it out, you’ll want to consider selling it and using the sale proceeds for something else. While one way to go about it is to hire a realtor, another way is to sell it for cash without a middle person to muddy up the process.
One platform for selling homes for cash has a three-step process to simplify selling your home:
- Request an offer online
- Receive a competitive cash offer — with no obligation on your part to accept it
- Schedule a fast closing, and receive the sale proceeds in as little as a week
If you want to sell a home without unnecessary stress, you may want to avoid having to call a realtor, fund costly upgrades and fixes, and deal with a bunch of would-be buyers viewing the home. Selling for cash through an online platform can make selling a home stress-free.
5. Debt Load
Yet another reason to consider selling a home is if you want to pay off a debt load. You can sell your home, pay off debt, and buy a less expensive home with the remaining proceeds.
These are some reasons why it can make sense to sell your home and move elsewhere. The odds are you will move several times in your lifetime. Just ensure you know how to do it, when to do it, and where to go.