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What’s Motivating Your Move?

Thinking About Selling Your House in the Capital Region & Hudson Valley?

Are you considering selling your home in the Capital Region or Hudson Valley? It’s essential to reflect on the reasons behind your decision to move. A recent survey from Realtor.com sheds light on why many homeowners are opting to sell this year. Here are the top two reasons (see graphic below):

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Let’s delve deeper to see if these reasons resonate with your situation.

1. To Make a Profit

If you’re contemplating selling your house, you likely have several questions. Fortunately, the latest data indicates that most sellers achieve a substantial return on their investment. According to ATTOM, a property data provider:

“Home sellers made a $121,000 profit on the typical sale in 2023, generating a 56.5 percent return on investment.”

That’s impressive. One major factor is that home prices surged during the pandemic due to high buyer demand and limited inventory, which drove prices up.

Currently, home prices continue to rise, albeit at a slower pace. This ongoing appreciation is beneficial for your financial bottom line. The profit from selling your home can help mitigate some of the affordability challenges when purchasing your next property.

To understand your home’s current value and market trends in the Capital Region and Hudson Valley, reach out to a local real estate agent.

2. For Family Reasons

Perhaps you want to move closer to relatives to assist with elderly family members or to have a support network nearby. Or maybe you’re eager to enjoy more family time during special occasions like birthdays and holidays.

Selling your house and relocating nearer to your loved ones helps maintain those vital connections. If distance is causing you to miss significant milestones, it might be time to consult a local real estate agent to find a suitable home close by. The National Association of Realtors (NAR) highlights:

“A great real estate agent will guide you through the home search with an unbiased eye, helping you meet your buying objectives while staying within your budget.”

Bottom Line

If you’re contemplating selling your home, there’s likely a compelling reason for it. Why not discuss your plans with a local real estate agent? They can assist you in making the right move to achieve your goals this year. Contact us today to get started on your journey.

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