Oakville Real Estate Blog --- Opening Doors In Oakville
Wife, mother, Real Estate Broker, Blogger??? A natural progression right? I figure with 20 years of experience in Real Estate I must have something to contribute. I can't think of a better community to raise a family in and I want to share what Oakville has to offer. What's that saying? A picture is worth.....
Thursday, September 25, 2008
Top Reasons Why People Sell Their Homes
(Not in any particular order)
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. Deferred maintenance --- 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 builder's home or custom built home -- 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 property was too small --- On the other hand many people who move in to the new 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. Personal relationships -- Family separation or divorce.
7.Personal relationships Part 2 ---- Today's blended families require space for everyone.
8. Retirement --- Decisions are made to choose an alternate lifestyle --- condos, retiring to the cottage, moving closer to their children.
9. Moving closer to elderly parents --- We are also seeing the children moving to be closer to their elderly parents to help them with health care, etc.
10. 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.
11. 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.
12. 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.
13. Job transfer --- Depending on the commute, some people feel it necessary to relocate closer to their work.
14. Corporate transfer --- We are not seeing this type of transfer as much as in the past. Many Corporate Employers prefer that their transferee rent instead of purchase as often these moves are short term and the Employer does not want the risk of trying to sell the home in such a short period of time and perhaps losing money.
15.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.
16. 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.
17. Last but definitely not least are the folks that move because they CANNOT STAND their neighbour. Yes this is a larger factor than you may think. Shared driveways can cause shared headaches. Thin walls can often let you get to know your neighbour more than you wish to. After hearing "naughty neighbour" stories from clients for the past 20 years I could write a whole blog on the subject.
Hmmm, but that would be another blog for another day.
Yours In Selling
Jenny
http://www.oakvillerealestateonline.ca/
Jenny Kotulak
Real Estate Broker
RE/MAX Aboutowne Realty Corp. Brokerage
Oakville, Ontario
905-842
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