Selling your home is both a financial and emotional decision, and one you should consider carefully. There are many different reasons for such an important step, such as problems or life-changing events. In this article, you'll find some good reasons why it no longer makes sense to continue living in your own home. We would like to support you in making such a far-reaching and serious decision and are happy to advise you. Of course, we can also help you sell your property in Norcross GA. When to sell a house – The 6 most common reasons
When to sell a house – The 6 most common reasons
1. New life, new love or new job
According to statistics, most Germans enter into more than one relationship in their lifetime. However, their focus can also change with their partner.
An unpaid home, purchased with an ex-partner, often represents a barrier to a new love. The new partner is reluctant to follow in their predecessor's footsteps. Anyone who wants to give new love a chance should ditch the old love (including the home).
To climb the career ladder, employees must be constantly mobile. Even mothers and fathers aren't immune to changes in their workplace.
The motivations for moving are numerous – from a new job to a new love to the desire to radically change one's life. Such a drastic change in living circumstances often involves a move and, consequently, the sale of a house.
2. Many children in the parental home or the children have moved out
Two, three, or even more children – some parents aren't entirely sure how many children they'll have, and often the unexpected happens, even though the topic of children had already been settled. Homeowners now have to make room – a two- to four-bedroom house doesn't offer the necessary space for either a small or large family. In this case, parents need to consider upgrading.
If your property is the right size for your offspring, you won't have to start thinking about your existing home until your youngest child turns 18 at the earliest. After the last of the family members has left, the family home becomes too big for most parents. This is a good time to sell the property and make a fresh start as a couple, perhaps traveling the world.
3. The owners are getting older
Grocery shopping, dusting, minor repairs, and climbing stairs are everyday challenges for seniors. Those who prefer a more age-appropriate home or want to live close to their children and grandchildren have good reason to sell their home. Selling a property is particularly worthwhile at the start of this age-appropriate phase of life. The proceeds can then be used to finance a place in a retirement home or an accessible apartment. Alternatively, selling your home and continuing to live there may be an option . We would be happy to provide you with detailed, free advice on this topic.
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Even the desire to live closer to their grandchildren motivates many grandparents to leave their homes, which have long since become too big for them. This way, they can relieve their children of work and contribute to the care and upbringing of their grandchildren.
4. Emigrate: The wide world is calling
Many of our fellow citizens will one day tire of German metropolises and be lured instead by large cities or the pristine nature of Asia, South America, or the breathtaking beaches of the Caribbean. However, for those who have already planned their life path, built a family home, and found a dream job until retirement, this is a momentous decision. However, those who want to emigrate permanently should build up financial reserves by selling their home so they can access them at any time. Read here how to make the move stress-free.
5. Debt and unemployment
According to German law, a 120-square-meter condominium or a 130-square-meter family home is considered adequately sized for a family of four. If, for example, you live in a larger apartment or a similarly sized property with only two people, you will no longer be entitled to unemployment benefit II after 18 months of unemployment.
The reason: Selling your house is a logical step to avoid a potential debt trap.
If you are over-indebted, you should also sell your home at a good price before it is sold at a foreclosure auction for less than its true value.
6. A painful death
Unfortunately, moving is sometimes necessary for unfortunate reasons. When family members suffer an accident or parents die naturally, there's no other option than to move out of the family home. Many people don't want to live in a house that constantly reminds them of deceased family members. Selling your home can therefore be a soothing experience and make it easier to enter a new chapter in life.
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Conclusion
Life circumstances change more often than you think. Whether due to professional or personal changes, your property can become a burden. If your home becomes more of a burden than a place of comfort, the best option is often to sell it. Of course, every situation is unique and there is no one-size-fits-all answer.
That's why we, as real estate agents in Norcross GA, are happy to provide you with further advice, and of course, also assist you in the event of a sale. We look forward to your inquiries
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