Top Reasons Homeowners Are Selling

Given that mortgage rates are still somewhat high compared to the last couple of years, you might be hesitant to sell your home. Although rates are higher, there are other non-financial variables to take into account before making a decision.

Although your mortgage rate is crucial, there may be other aspects of your life that make a transfer absolutely necessary. As National Association of Realtors (NAR) Vice President of Demographics and Behavioral Insights Jessica Lautz explains:

“Home sellers have historically moved when something in their lives changed – a new baby, a marriage, a divorce or a new job. . . .”

So, if you're considering selling your home, it might be beneficial to look into the additional factors influencing today's home sales. Recent home sellers were questioned why they chose to sell in a poll by realtor.com. What they said is as follows (see below):