People move for a variety of different reasons.  Some are happy moves and some are not.  Because of the numerous reasons for moving, there are always people on the go at  all times of the year.  February is usually a very busy month for purchases.  Many people are suffering from cabin fever from being cooped up all winter. 

Also this is a good time to buy if you want to be moved in to enjoy the summer in the new house.  Here is a list of many of the top reasons why a For Sale sign goes on the front lawn.


1.Home is too small --- an increase in family size can cause the "starter home" to shrink especially with the size of baby toys and apparatus these days.


2. Downsizing --- the opposite of number 1. Empty nesters need less space. Some DON'T want to have extra rooms for the "kids" to come back home.

3. Aging systems and decor  ---  A home gets to a certain age when you must replace the roof, windows, furnace, air conditioner, kitchen, bathrooms, etc. Some people prefer to move to a new house before these large ticket items need replacing.

4. Purchase a new build-- In communities of large growth and development, new subdivisions offer homes with all the bells and whistles and the buyer gets to go shopping to pick out their upgrades, colours, etc.

 5. New home build wasn't  as expected --- Many people who buy from house plans and move in to the newly built  homes find that when the fences go up, the lot sizes are too small, the driveways aren't big enough, there is too much vehicle congestion on the street and nowhere for children to play.

6. Change in family circumstances -- Family separation or divorce, blending of families, just married, mother-in-law moving in.

7. Retirement --- Time  to choose an alternate lifestyle --- condos, moving to a warmer climate or to their recreational property, moving closer to their children.

8. Moving closer to elderly parents --- The  younger generation is moving to be closer to their elderly parents to help care for them. 

9. Seniors moving to retirement homes and nursing homes --- many have been in their homes for 40+ years. This is a large adjustment and requires much care and understanding from their REALTOR.

10. Health Reasons ---  Another sector of people must move due to physical ailments. Knee or back problems can force the need to move from a two storey or split level home to a bungalow to reduce the number of stairs.

11. Neighbourhood changes --- Anticipating highway construction, new home or condo development, changes to school boundaries, are some reasons that people decide to leave a neighbourhood before the situations arise, often because they feel the value of their homes may decrease with these changes.

12. Commute to work --- Many people are relocating closer to their place of employment because of the long commute.

13. Corporate transfer --- Job relocations often take homeowners to a different province or out of the country. 

14.Renovating and Flipping ---- There are a percentage of homeowners who enjoy buying fixer uppers and renovating them only to turn around and try to sell them to see a monetary return on their investment. This type of buyer must be very careful to know what is happening with house values and know whether the market is favouring the buyer or the seller everytime they start a new project.

 15. Cashing out --- Some homeowners decide that the time is right for them to take advantage of the equity that is in their home and sell so that they can buy a motorhome and travel, purchase recreational property up north or abroad or just rent in the city..

16. Financial Stress ---Some homeowners must sell if they become unemployed or are finding the mortgage payments too difficult to make.

17. Difficult Neighbours --- Many people end up selling if they cannot get along with their neighbours.  Often this is due to shared driveways, issues with children, pets, fences, etc.


    

 Jenny Kotulak Broker - RE/MAX Aboutowne Realty Corp. Brokerage, Oakville, Ontario 905-842-7000

             www.oakvilleontariorealestate.ca

Wishing You All The Very Best Of The Season

 

 

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10 Comments on The Moving Process - Part 1 - Why Do People Move ?

DEC
01
259,210 Points 1 Featured Post Localism Sponsor Outside Blog Hit Router

All of the reasons above are signs of motivation the key behind any great and successful real estate transaction. Thanks for the informative blog.

8:47pm • #1
226,034 Points 2 Featured Posts Outside Blog

Hi Jenny...There is a lot of work done here...do consumers know all the reasons they buy or sell a home..Did you miss "I like it" or  " I hate it" :O))

Cheers

10:30pm • #2
377,690 Points 34 Featured Posts Outside Blog

Hi Jenny... WOW!  This is the most comprehensive list of its type that I have ever seen.  Impressive!

10:46pm • #3
DEC
02
103,857 Points 1 Featured Post Outside Blog

Let's hear it for Change.  It's what feeds us.  Change is good...for real estate sales.

2:20am • #4
103,857 Points 1 Featured Post Outside Blog

Each of your 17 reasons could be a niche market unto itself.

2:21am • #5
142,053 Points 5 Featured Posts

Jenny - Excellent list!  It is so important as REALTORS to know all of these reasons and be ready to "serve" when the time comes.  We moved when we adopted our dog...she needed a fenced in back yard.  Have a great day!!

4:39am • #6
203,290 Points 1 Featured Post Outside Blog

Wow Jenny, we think you covered the whole gambit.  Aren't we glad there are that many reasons for a move!  Some also just get bored with the old homestead too.

8:15am • #7
155,167 Points 7 Featured Posts Outside Blog

Hi Heather, I appreciate your comments

Hi Fred - I was sticking to why people sell in this post.  But that's a good idea.  I should do one on what makes people buy a particular house.

Thanks Steve - Hope you are having a good week.

Hi Jim - I never thought of the niche marketing aspect but you are right.

Hi Amy - you moved for your dog?  Well maybe I should add that one to my list lol.

Al & Peg - There are probably lots more reasons that I didn't even touch one.  Boredome is a good one.

 

6:04pm • #8
172,109 Points 10 Featured Posts Localism Sponsor

Hi Jenny, I think it's a fantastic list! I've known some who just need a new project.

11:12pm • #9
DEC
06
155,167 Points 7 Featured Posts Outside Blog

Hi Mary - I think a lot of people have gypsey blood in them.  Funny how some people settle down for 30 or 40 years and are never tempted to move.  Luckily for us not everyone craves that stability.

10:18pm • #10

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Jenny Kotulak Oakville Real Estate

Oakville, ON

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Broker RE/MAX Aboutowne Realty Corp. Oakville, Ontario

Address: 418-2 N. Service Rd. E., Oakville, On, L6H 5R2

Office Phone: (905) 842-7000

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