Do you want to sell your home this year? contemplate what is prompting you to contemplate moving as you make your decision. According to a recent survey, homeowners are considering selling their homes this year for a variety of reasons.

Let's break down those reasons and see if they resonate with you.

1. I Want To Take Advantage of the Current Market and Make a Profit

When you decide to sell your home, you're probably thinking about how much money you'll make. So, here's some good news: according to the most recent data, the average seller can expect a high return on investment when they sell their home. According to ATTOM:

“The $112,000 profit on median-priced home sales in 2022 represented a 51.4% return on investment compared to the original purchase price, up from 44.6% last year and from 32.8% in 2020.”

Even if housing prices have fallen marginally in some cities, they are still significantly higher than they were only a few years ago. Work with a local real estate agent to understand what's going on with property prices in your area and the current value of your home. They will be able to provide you the most accurate estimate of how much you could profit if you sell this year.

2. My Home No Longer Meets My Needs

The average person has lived in their current residence for ten years. When you consider how much has changed in your life since you moved in, that's a long time. And, in most cases, such adjustments have a direct impact on what you require in a home. Whether it's more (or less) room, different features, or a location closer to work or loved ones, your existing home may no longer tick all the boxes for what you consider to be home. If this is the case, it may be time to contact a real estate professional to discover a better match.

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