Moving Forward: How to Know If It's Time to Find a New Home

Owning a home provides a sense of ownership and a place that meets your needs, but life is full of changes. As your needs and circumstances evolve, your current home may no longer be the best fit for you and your loved ones. If this resonates with you, it could be a sign that it's time to consider making a move.

The National Association of Realtors (NAR) reports that the average person has lived in their current house for about ten years. During this time, many aspects of your life may have changed significantly. Even if you initially believed your current home would be your forever home, it's important to remember that circumstances can shift over time.

To explore your options and make an informed decision, it's recommended to work with a local real estate agent who is knowledgeable about the market. They can help you assess your current home's suitability, understand your options for selling or buying a new home, and guide you through the process. By working with a professional, you can gain a comprehensive understanding of the real estate market and make choices that align with your evolving needs and goals.

That’s actually what a lot of homeowners are doing right now. A recent survey from Realtor.com finds that, of people who are considering selling in 2023, one in three are thinking about moving because their home no longer meets their needs. And according to the same report from NAR, that’s consistent with this year’s top reasons for selling, which include:

  • Want to move closer to friends or family
  • Moving due to retirement
  • Home is too small or too large
  • Change in family situation
  • Job relocation

If things in your life have changed, it may be time to make a move. And there’s good news: it’s still a great time to sell. Here’s why.

In the current housing market, sellers are in a favorable position due to high demand and limited inventory. Homes that are priced appropriately and well-maintained are attracting attention from buyers and selling quickly. To ensure you make the most of this sellers' market, it's important to rely on the expertise of a trusted real estate advisor who can guide you through the process.

One advantage of selling your home in a strong market is the potential to unlock equity. Over the past few years, home prices have experienced significant appreciation, which means there's a good chance you have built up substantial equity in your property. When you sell your home, you can use this equity to finance your next move.

According to the National Association of Realtors (NAR), 38% of recent buyers used the proceeds from the sale of their previous home to cover the down payment on their next home. This demonstrates how tapping into your home equity can be a valuable resource when making your next purchase.

To determine the amount of equity you have and explore your options in today's housing market, it's recommended to work with a local real estate agent. They can provide you with a comprehensive analysis of your home's current value and guide you on how to leverage your equity effectively.

By partnering with a real estate professional, you can gain valuable insights into the market, understand your financial opportunities, and make informed decisions to maximize your selling potential and facilitate a smooth transition to your next home.

Bottom Line

If your home no longer meets your needs, consider selling it so you can find your dream home. Let’s connect so you can learn about your options.

2292 Properties
Page 1 of 191
$1,395,000
Neighborhood: One Watergate
2
Beds
2
Baths
1,577
Sq.Ft.
1974
Year Built
1
Day on Site
A4589450
MLS
$1,799,000
Neighborhood: Sara Sands
4
Beds
3
Baths
3,568
Sq.Ft.
1968
Year Built
1
Day on Site
A4601427
MLS
$1,385,000
Neighborhood: San Marco
3
Beds
2F11/2
Baths
2,578
Sq.Ft.
2006
Year Built
1
Day on Site
A4601531
MLS
$3,000,000
Neighborhood: Saint Armands Division John Ringling Ests
3
Beds
3
Baths
1,799
Sq.Ft.
1950
Year Built
1
Day on Site
A4601594
MLS
$725,000
Neighborhood: Gulf Gate Woods
2
Beds
2
Baths
1,960
Sq.Ft.
1973
Year Built
1
Day on Site
A4601288
MLS
$515,000
Neighborhood: Central Park
2
Beds
2
Baths
1,260
Sq.Ft.
1985
Year Built
1
Day on Site
A4600619
MLS
$465,000
Neighborhood: Sandleheath
2
Beds
2
Baths
1,236
Sq.Ft.
1985
Year Built
1
Day on Site
A4601515
MLS
$360,000
Neighborhood: City Park Sub
4
Beds
2
Baths
1,176
Sq.Ft.
1958
Year Built
1
Day on Site
A4601632
MLS
$1,849,000
Neighborhood: Siesta Estates
3
Beds
3
Baths
2,484
Sq.Ft.
1997
Year Built
1
Day on Site
A4601112
MLS
$985,000
Neighborhood: Sarasota-Venice Co Sub
5
Beds
3F11/2
Baths
2,910
Sq.Ft.
1987
Year Built
1
Day on Site
A4601474
MLS
$599,000
Neighborhood: Pelican Cove Vi
3
Beds
3
Baths
1,977
Sq.Ft.
1978
Year Built
1
Day on Site
A4601642
MLS
Open 3/2
5438 Kelly Dr #12 Sarasota,  FL 34233
$449,000
Neighborhood: Crestwood Village Of Sara 3
3
Beds
2
Baths
1,803
Sq.Ft.
1989
Year Built
1
Day on Site
A4601034
MLS

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