Falling out of Love with Your House? It May Be Time To Move.
Lisa Mailhot | April 21, 2023
Sellers
Lisa Mailhot | April 21, 2023
Sellers
Are you a homeowner wondering what to do when your needs change? Owning a home gives you the freedom to have a space that perfectly suits your family's location, features, and size requirements. However, as time goes by, you may find that your current living situation no longer meets your needs. If this sounds familiar, it might be time to consider making a move to a more suitable home.
The latest Home Buyers and Sellers Generational Trends Report by the National Association of Realtors (NAR) reveals that the average homeowner has lived in their current residence for ten years. Have you been in your home for a while? If so, you may have experienced significant life changes since moving in. Although you may have thought your home would be your forever home, it's okay to consider other options. Partnering with a knowledgeable local real estate agent can help you explore all the possibilities available in today's market before settling for your current home.
Many homeowners are currently contemplating selling their homes as their current living situations no longer meet their requirements. Realtor.com's recent survey reveals that one in three individuals who are planning to sell their homes in 2023 are doing so for this reason. The latest report from NAR also confirms this trend, indicating that the leading reasons for selling a home this year include:
Want to move closer to friends or family
Moving due to retirement
Home is too small or too large
Change in the family situation
Job relocation
If things in your life have changed, it may be time to move. And good news: it’s still a great time to sell. Here’s why.
In the current real estate climate, it's a strong sellers' market. As a result, homes that are listed at market value and in good condition are receiving significant attention from potential buyers and selling rapidly. It's recommended that homeowners seek the guidance of an experienced real estate advisor to ensure that their house is adequately prepared for sale and to receive the best advice possible.
Your equity can power your next move, and there's a good chance you have a significant amount of equity right now thanks to record levels of price appreciation in recent years. When you sell, you can use that equity to help afford your next home. In fact, as per NAR's report above, 38% of recent buyers used the money from the sale of their previous home to cover the down payment on their next one. To learn how much equity you have and what you can do with it in today's housing market, it's best to work with a local real estate agent.
If your current home no longer suits your lifestyle or meets your needs, it might be time to consider selling and finding your dream home. Our team of experts can provide you with valuable insights into the current real estate market and help you explore all of your options. Contact us today to learn more!
Housing starts across the U.S. fell in August, marking the lowest levels since May. Both single-family and multi-family construction declined, while permits also slowe… Read more
Homebuilder sentiment remains low as reliance on price cuts grows, but optimism is building with the potential for a Federal Reserve rate cut. Mortgage rates have alre… Read more
Mortgage applications just hit a three-year high as rates dip to their lowest since October 2024. Learn why this could be a window of opportunity for both buyers and s… Read more
The U.S. rental market is heating up again, with asking rents climbing at the fastest pace since 2022. Limited new apartment construction and strong demand are fueling… Read more
A new Redfin analysis shows the U.S. homeowner population ticked down 0.1% year over year in Q2 2025 while renter households jumped 2.6%. Prices remain high, mortgage … Read more
Pending home sales are climbing for the second month in a row, while mortgage rates have dropped to their lowest level in 10 months. More affordable listings are hitti… Read more
New-home sales slowed in July 2025 as affordability challenges weighed heavily on buyers, despite builder incentives and discounts. With prices dropping below existing… Read more
Nearly half of U.S. workers are reconsidering big financial moves like purchasing a home because of concerns over job stability, according to a new Redfin survey. Whil… Read more
July 2025 housing starts data shows single-family construction climbing in the South while slowing in other parts of the country. For Orange County buyers and sellers,… Read more
Let's find a time that suits you best to chat about your goals, show you how we work, and figure out how we can help you the most
Get In Touch With Lisa
Broker Associate
949-877-7087
124 Tustin Ave Suite 200, Newport Beach, CA 92663