WHY SHOULD I SELL MY HOME?
Moving on Up
People outgrow their homes in a figurative sense as well: Their careers are flourishing or they've come into money and can afford a bigger, grander, more expensive residence.
Some people don't want to put on a new roof, replace the siding, or buy a new furnace, so it's easier to buy a newer home. When you figure the life of most residential infrastructures is about 15 years, it could make sense to get out before it's time to spend the big bucks.
Cash in Equity
Some homeowners can't stand the fact their place is worth all that money and they can't, as the saying goes, eat the house. Rather than stare at four walls with empty pockets, they find it more financially expedient to sell and use the funds for other things. So they cash in, taking advantage of the appreciation in property values.
Life changes in a lot of ways that have little to do with money or the size of one's family. When owning a house is the only thing keeping a homeowner tied to a specific area, it might be time to consider cutting ties to the house as well.
New Job or Transfer
Obviously, work-related relocation makes it necessary to pull up roots—and it doesn't have to be a full-fledged move to another town or state. Many people draw the line at a commute that exceeds a certain distance, especially if it means driving in heavy traffic.
See Family More Often—or Less
People frequently move to be near relatives, especially as they age. Conversely, some homeowners move to put distance between themselves and their kin. Dysfunctional and fractured families have been known to grow closer after being separated.
Changes in Relationships
Moving in with a partner or getting married usually means selling for one or both of the homeowning parties. Conversely, breakups also are a common reason for people to sell homes. One party may need to buy out the other and not have the cash available, the place may not be affordable to sustain on a single income, or the home simply holds bad memories.