Wednesday, January 12, 2011

Reasons Why People Buy or Sell a Home

  • Schools – get their children into the school district of choice
  • Upgrade to a bigger, better home
  • Downsizing to something more manageable
  • Death in the family
  • Divorce
  • Inheritance
  • Investment purposes
  • Relocation due to job transfer
  • Weather
  • Marriage
  • Lifestyle changes
  • Second home/lake property
  • Sick of their neighbors
  • Business reasons
  • Peer pressure
  • Tax advantages (mortgage interest deduction)
  • Act while interest rates are low
  • Property value appreciation
  • Growing family
  • Tired of the landlord’s rules
  • Want a yard
  • Avoid foreclosure
  • Job promotion or job loss

Notice that none of these reasons relate to a federal tax credit.  Most of these reasons have nothing to do with interest rates.  Most of these reasons exist in good economies and bad.

As Realtors we need to keep our antenna up and respond to these situations as they are presented and sell people of the idea of making the move rather than delay.  There is no time like the present to move forward.

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