We find there are many reasons people choose to sell and /or buy homes. First time home buyers are looking to not throw money away on rent. Empty nesters don’t need all the space in their large home anymore. The family is growing larger and more bedrooms are in order. New job requires relocation to a new city. I could go on with a lot of reasons we’ve helped people with their real estate needs. But everything and anything as to why people move falls into one common reason: Life Happens.
When buyers are looking at a home they often ask why the sellers are moving. Of course they want to know if there is something wrong with the home, area, etc. but it’s also a basic curiosity. Unless the seller has OK’d it we cannot disclose this type of personal information. But then we are not disclosing anything when we honestly say ‘Life Happens’.
Often we’ll hear from a seller they had no intention of selling anytime soon, but then suddenly something comes up and now they are in a hurry to sell. A lot of things can change a sellers mind suddenly such as the aforementioned job transfer. But other times it’s not good news that is the cause. We as realtors often deal with joyless reasons such as the seller’s health issues, relationship problems, or even deaths.
So the main thing I think everyone should take away from this blog post is there are many reasons you can find yourself in need to sell your home and buy another. Be careful not to box yourself in thinking you’ll never move from your current home. We’ve been told by many sellers that they expected to die in the home (as stay forever) as we signed the listing contract. For whatever reason you may find yourself selling unexpectedly it’s because ‘Life Happens’.
The main problem we see when someone has to sell their home unexpectedly is when they have been using their home as a loan bank and tapping the equity to pay bills or make large purchases. All the sudden they find the ‘value’ the bank used to give the loan does not match the market value and now they have to pay money to sell their home. Be very careful when utilizing your home’s equity in loans because you know, Life Happens.
When Life Happens and you need to sell or buy a home, be sure and call or text The Derrick Team at 317-563-1110. We understand there are many reasons to move and we will be there to help you no matter what your situation is. We understand that somethings are beyond your control because Life Happens.