According to the National Association of Realtors recent “Focus on Sellers” survey, sellers have many reasons for moving, and these reasons vary by age. Selling a home because it was too small was the motivation for 21 percent of recent sellers. In fact, wanting to trade up to a larger home was the most frequently cited reason among all sellers, but especially for younger sellers (46 percent). Job relocation was the second most cited reason for selling a home — cited by 15 percent of survey respondents, but a decrease from the 21 percent of sellers who reported this reason in the previous profile. Job relocation was the most frequent reason for selling a home among those aged 45 to 54. Among those sellers 55 years old or older, moving closer to friends and family was the chief reason for selling a home, and it becomes an even more commonly cited reason among older groups.
The Creig Northrop Team of Long & Foster sells every price range, every day and works with all types of sellers. Whether you are trading up or sizing down, contact us today for extraordinary service at no extra cost!