“Ready to cash in” covers retirement planning I would say. That and “tired of maintaining”.
By the way “when the market favors sellers” also means “buying is more”. Sell high, buy high.
RE agents are always eager for you to sell your home, but with demand outstripping inventory they’re especially into that now.
I think with the seemingly rise in interest rates from not being able to roll over $7 trillion in the national debt is a good reason to go small.
Realtors are like used car salesmen caked with makeup and lacquered with hairspray. Usually fat.
My next door neighbors just sold last week. Incredible amounts of walk throughs followed by a bidding war. I’m amazed anyone would be dumb enough to pay what they did for the house.
“When the Market Is Favoring Sellers”
It usually is not favoring buyers. If you sell, alot of times you’re going to need to purchase another place during that same sellers market. Unless you are relocating to an area with a lower cost of living, or building new. making out financially is not common.
Insurance payouts and rebuilding on site seems like a good option, unless someone gets killed, and only if the insurance company has a good reputation.
Remember when putting your savings into upgrades to your house was actually profitable. Those days are over. The mantra now is if you going to upgrade or enhance your property it’s for your own enjoyment not for resale profits.
I’m sort of in that zone, I’d like to sell my house but... I bought it at such an advantageous price I will make a profit but then I’ll have to turn around and buy a house of equal or lesser value in another area. So I look at other factors such as the crime around here is low, the people here are friendly, and I have everything I need close by without the hassles involved with suburbia, and the property taxes are tolerable. A rancher would be ideal though.
They sell this same old load of crap every year. But it's part of the same, SAME cycle. Real estate sales drop off towards the end of the year...but always pick back up after the first of the year.
I live in a good neighborhood. Houses have been selling day one for more than anyone originally expected.
No one has moved into any of these homes.
Something stinks.
This is months to 1.5 years in duration.
Mine were still at it at 96! Trees down, roof leaking, no power in snowstorms, yikes! Lived three years at nursing home, burned up all value
To a real estate agent, it’s ALWAYS time to sell your home. How do you think they earn their living?
Major Life Changes
30 illegals moved into the house next door.
house too big for couple or 1 person.
Note: in Cal if a senior 55 or over moves from a Cal county to one of 7 Cal Counties (most beach counties in soCal and a few others) they can transfer their property tax according to propositions 60 and 90.
Counties accepting pro 90: The following counties allow for Proposition 90 transfers into the county: Alameda, El Dorado, Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Mateo, Santa Clara, Tuolumne, and Ventura.
It is the county’s right to accept or reject the proposition 90. All counties accept prop 60: Proposition 60 allows for the transfers of a base year value within the same county (intracounty).
bump