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Why Sellers Sell to Downsize

By
Real Estate Agent with Keller Williams Preferred Realty

When we work with Buyers, we're often asked, why are they selling? There are many reasons why Sellers are Selling Their Homes. First, we usually don't have insider information such as why a seller is selling.  In our area, there could be anywhere from 15,000 to 20,000 homes available for sale at any given moment.  A listing agent will protect their clients and not disclose why a seller is selling unless it is helpful to the seller to disclose that information and the seller gives their approval. 

There are many Reasons Why a Seller is Selling their Home.  Once of those Reasons may be to Downsize from their existing home. You might wonder, why someone would want to downsize.

Interestingly enough, there are several reasons.  This past year alone, I encountered a few sellers who downsized for the following reasons:

•1.       Preparing for a potential job loss

•2.       So wife could stay home with children

•3.       Home was too much for them to keep up.

•4.       Wanted lower utility bills.

•5.       No need for such a large home.

There are many other reasons one might want to downsize.  This economy isn't the best economy to sell a home and buy a less expensive home unless you must.

Posted by

Raleigh Cary Apex Realtor Carla Freund Realty

Presented by:

Carla Freund of Ask Realtor Carla

Carla Freund Realty Team

Keller Williams Preferred Realty

By Carla Freund Realty Team

Original Home of "Market In A Minute" Real Estate Report for Raleigh Cary CH & Durham Triangle

Carolina Life Real Estate and Relocation

 

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Contact Carla Freund, Broker, Keller Williams Preferred Realty,  Licensed Realtor® in North Carolina at 919-602-8489 to list your property for sale or to purchase a property in Cary, Raleigh, Morrisville, Apex, Fuquay-Varina, Garner, Holly Springs, Pittsboro, Durham, Chapel Hill, Johnston County, and the surrounding areas.

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Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. The Raleigh - Cary Home Reviews Blog, Keller Williams and Carla Freund does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either expressed or implied. Entries on Raleigh - Cary Home Reviews represent the opinions and ideas of the author(s). Raleigh - Cary Home Reviews Blog does not express the views of Keller Williams, or those of the broker.

 

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Comments (5)

Emily Medvec
eXp Realty LLC - Santa Fe, NM
Broker | Realtor | Serving Santa Fe & Northern NM

Excellent post about what could be the reason for downsizing. Next I'm staggered by your number of the 15K to 20K number of homes on the market at any one time. In Santa Fe, NM those numbers would be 25% of our population. However, folks downsize here too.

Jan 17, 2011 01:00 AM
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

Emily, Our MLS includes more than one county.  Plus, the Triangle as we're often referred to is Raleigh, Durham, and Chapel Hill along with other towns.  Yep, quite a few homes for sell.  Right now we're at 15k

Jan 17, 2011 01:07 AM
Not a real person
San Diego, CA

I discovered firsthand #5. I always thought I wanted a huge mansion, but after owning a 4,000-SF home for two years, and on two acres of land, we decided it was just too much for two people. We’re now quite comfortable in 1,753 square feet, especially since we don’t know any Joneses to keep up with! J

Jan 17, 2011 04:00 AM
Nevin Williams
Fairway Independent Mortgage Corporation - Cary, NC
Senior Mortgage Advisor

Carla - I live in a large home and can honestly say I think it's overrated.  I wish it were about 1/2 the size!  Sure having the room to roam is enjoyable but the maintenenace and cleaning get to wearing on you after a while.  Nice post!  I'll comment on some of your others from my NC blog  "FPFNC"

Jan 17, 2011 07:19 AM
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

Russel - You're funny. Yeah, I guess there are not as many Joneses around.

Nevin - I know what you mean. I like my home to be clean but, I don't want to spend all my time keeping it that way.  Too many other things to do in life.

Have a wonderful day!

Jan 19, 2011 12:02 AM