Wondering if you should sell your Tri-Valley house this year?
As you make your decision, think about what’s motivating you to consider moving.
Why are Tri-Valley homeowners thinking about selling their houses this year. Here are the top two reasons surveyed by Realtor.com (see graphic below):
Let’s break those reasons down and explore how they might resonate with you.
Bidding Wars are back in the Tri-Valley area!
1. I Want To Take Advantage of the Current Market and Make a Profit
When you decide to sell your Tri-Valley house, how much you’ll make from the sale will likely be top of mind. So, here’s some good news: according to the latest data, the average seller can expect a strong return on their investment when they make a move. ATTOM explains:
“The $112,000 profit on median-priced home sales in 2022 represented a 51.4% return on investment compared to the original purchase price, up from 44.6% last year and from 32.8% in 2020.”
Even though home prices have declined slightly in some markets, they’re still much higher overall than they were just a few years ago. To understand what’s happening with home prices in your area and the current value of your house, work with a local real estate professional. They can give you the best advice on how much you could gain if you sell this year.
2. My Home No Longer Meets My Needs
The average person has been in their house for ten years. That’s a long time when you think about how much may have changed in your life since you moved in. And typically, those changes have a direct impact on what you need in a home. Whether it’s more (or less) space, different features, or a location closer to your work or loved ones, your current house may no longer check all the boxes of what feels like home to you. If that’s the case, it could be time to work with a real estate agent to find a better fit.
Bottom Line
If you’re thinking about selling your house, there’s probably a good reason for it. Connect with a local real estate advisor so you can make a move that’ll help you accomplish your goals this year.
If you are considering moving to the East Bay Tri-Valley Area, please read Everything you need to know about the Tri-Valley.
Please let me know your thoughts on this.
I hope you enjoyed this article. Please let me know if you have any questions. Warren
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Hello…I work with both buyers and sellers in the Northern California area.
My real estate spans from the East Bay (Tri-Valley) to the Greater Sacramento areas.
To better understand what each city has to offer, I have created a Pros and Cons videos and articles for each:
Tri-Valley Area
If you are thinking about purchasing or selling a home, please reach out to me by text, phone, or email. If it is convenient, I can schedule a Zoom chat so we can discuss your home goals. Wishing you all the best on your home journey. Cheers!
eXp Realty
(925) 980-4603
DRE # 01861944
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