Over the past few years, many homeowners have delayed moving to avoid higher mortgage rates on a new home. You may feel the same way—and it’s understandable. This has been one of the biggest reasons behind the limited supply of homes on the market.
However, more homeowners are now reaching a point where waiting is no longer an option. Often, personal or lifestyle changes are driving the need to move. As Redfin notes:
“Some homeowners are opting to bite the bullet and give up their low rate in order to move. Many are selling because of a major life event, such as a job change or divorce.”
If you’re debating a move, here are some of the top reasons others are choosing to sell—you may find similar motivations yourself.
Time for a New Chapter
A new job in a different city, a desire to be closer to loved ones, or simply wanting a change of scenery can all make moving feel essential.
For instance, if you’ve received an exciting job offer in another area, putting your current home on the market could be the logical next step.
Need for More Space
Sometimes, a home that once felt perfect starts to feel cramped. Whether it’s a growing family, the need for a dedicated home office, or more room for entertaining, a larger home can better meet your lifestyle.
If you currently live in a condo and have a baby on the way, selling might be the right move to find a space that better suits your family’s needs.
Downsizing for Simplicity
On the flip side, some homeowners are ready to downsize. This could be due to children moving out, retirement, or a desire for a simpler, more manageable living situation.
If you’re newly retired and envisioning a more relaxed lifestyle, moving to a smaller home could free up time and resources for the things you want to enjoy in this new phase of life.
Life Events and Relationship Changes
Big life changes like divorce, separation, or marriage often bring about a need for a fresh start in a new living arrangement.
If you’ve recently gone through a divorce, selling the home you shared might allow both of you to move on and find a setup that fits your new circumstances.
Health and Accessibility Needs
Health issues, particularly those impacting mobility, can also prompt a move. A home that once worked well may no longer be practical for your needs.
If this resonates with you, selling your current home to find a more accessible space, or to fund an assisted living arrangement, could make a meaningful difference in your quality of life.
Bottom Line
Selling a home isn’t just about market conditions or interest rates—it’s also about finding the right fit for your life and future. As Bankrate puts it, sometimes the best move is about so much more than numbers.
