1.
Need
for a larger home: Many people find that their home is too small as their family grows and they need to find a larger
home. The best advice for sellers is put their home on the market before
looking for a new home, price your home right, and understand that until your
home is in contract it can be difficult to get an offer on a larger home
accepted. Once you have a buyer for your home and you get into contract
on another home, you now have two deals that you want to be able to manage in
hopes that there will be little or no time laps between the closings.
(Best advice for the seller is to have your agent draft an addendum that
you may possibly need to rent back for a few days or couple of weeks and get
that agreed upon up front) If the buyer of your home has a home to sell there
are now 4 homes in the deal, in either case it requires a Realtor who is
experienced in closing multiple deals at one time with several different agents
involved. (The best thing would be to have the fewest number of agents
involved. (Using the same agent to sell and buy your new home
can be a huge benefit)
2. Upgrading: Many people move just because they want a nicer
home, better neighborhood, or perhaps they find a brand new home they want.
(Please read the information in scenario #1 as it could apply to
this case as well.)
3. Job
Transfer: Often we work with sellers who are moving
because of a job transfer, this can create a time line needing to be met. Sometimes it is do to a local transfer (1-2
hours away) and people just don’t want to commute. Or it can be a larger move to another state,
country, etc. Again pricing your home
right can make a big difference in meeting your timeline. (Because
Lyon is a member of Leading Real Estate Companies Around the World we can not
only help you with selling your current home but we can also refer you to an experianced
agent worldwide to help you find your new home.)
4.
Neighborhood Changes: Over time it is common to have a neighborhood change since the time
you moved there.
5. Life
Changes:
·
Marriage/Divorce, etc. Sometimes this can be a complicated sale and needs a realtor who
is experienced in helping these people through these changes. The important thing is the transaction gets
started off on the right foot to make it as easy as possible for all parties.
·
Children gone: Maybe needing a smaller
home. (Less to heat, cool, and clean)
·
Children move back: Creating
a need for a larger home.
·
Health Problems: Might
not be able to climb stairs, may need a
bedroom downstairs, one story home, or
perhaps assisted living.
·
Moving close to or away from relatives
6.
Free up the Equity/ Changes in Life Style: Often it is time to take out the money you have invested for so
many years and put it to other uses. I
know people when retiring who have chosen to buy a motor home and live on the
road traveling around the country or use the money to see the world. Some even buy homes in other countries where their
retirement money goes a lot longer way.
7. Investors: Many homes are owned and sold by investors. Some investors are wanting rentals and some
are flipping homes as a business. In
either case they often do a lot of cosmetic fixes so to the average person the
home looks great but forget the more costly fixes like roof, plumbing, electrical. (Again,
you need an agent who is experienced in these types of situations and can make
sure you are protected)
There are probably several
other reasons for selling but these are the majority of reasons.
Please check out our web
site for many more tips and ideas for buying or selling a home www.sborchelt.golyon.com or www.skrohn.golyon.com
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