What’s Motivating Homeowners To Move Right Now

In recent years, many homeowners have postponed selling their homes to avoid taking on a higher mortgage rate for their next property. If you’re thinking along the same lines, you’re not alone—it’s a common concern and one of the main reasons housing inventory has remained low. Holding off on a move because of rising mortgage rates is understandable, but it also means fewer homes are available for buyers searching for the right property in today’s competitive market.

An increasing number of homeowners are choosing to sell despite higher mortgage rates, often driven by personal or lifestyle changes. Whether it’s a job relocation, family expansion, or the need to downsize, many find they can no longer delay their move.

As Redfin explains:

“Some homeowners are opting to bite the bullet and give up their low rate in order to move. Many are selling because a major life event like a job change, or divorce . . .”

If you’re considering a move, explore the top reasons others are selling. Life changes like new jobs, family needs, or downsizing might make now the perfect time for you to sell, too.

It’s Time for a Change

A new job in another city, the desire to be closer to family, or a need for a fresh start are all top reasons homeowners choose to sell.

If you’ve received a great job offer requiring relocation, quickly listing your home for sale may be the best next step.

There’s Just Not Enough Space in Your Current House

If you’re expecting a baby and currently live in a condo, selling to find a larger, family-friendly home may be your best move.

Retirement or Wanting To Downsize

Some homeowners choose to downsize due to kids moving out, retirement, or the desire for a more manageable home.

If you’re newly retired and seeking a simpler lifestyle, downsizing to a smaller home can free up time and resources to fully enjoy this new chapter.

Changes in Relationship Status

Major life changes like divorce, separation, or marriage often create a need for new living arrangements.

Health and Mobility Needs

Health issues, particularly those affecting mobility, can prompt the decision to sell a home that no longer meets your needs.

If health concerns are affecting your living situation, selling your home for a more accessible space or using the proceeds for assisted living can greatly enhance your quality of life.

Bottom Line

Selling your home is not only influenced by market conditions or mortgage rates, but also by making the right choice for your lifestyle and future. As Bankrate says:

“Deciding whether it’s the right time to sell your home is a very personal choice. There are numerous important questions to consider, both financial and lifestyle-based . . . Your future plans and goals should be a significant part of the equation.”

If a major life change is prompting a move, now could be the right time to sell. Contact us to connect with an expert who can guide you through the process.