Homeowners' Top Reasons to Sell. Better be Competitive!
** Click to watch my 2-min Video: Be Competitive ** Why would I trade a 3% for a 7%? Many homeowners are reluctant to sell their home today. Here we are on the sidelines, once again! In the past couple years, the primary hesitation was to avoid the drama of the buy side in a highly competitive market. Now, with the drama removed, homeowners don’t want to lose the historically low mortgage rate they have on their current property. However, there may be other non-financial factors to consider when it comes to making a move. In other words, your mortgage rate is important, but you may have other things going on in your life that make a move essential, regardless of where rates are today. National Association of Realtors (NAR), reports: “Home sellers have historically moved when something in their lives changed – a new baby, a marriage, a divorce or a new job...” A survey by Realtor.com asked recent home sellers why they decided to sell. The visual below breaks down those ...