If you are one of those home owners who are desperate to sell their home, especially in this tough economic situation, then you should know these 12 reasons why there is a buyer out there for every house. You can focus your home selling marketing campaign based on these simple facts.
Need for a larger house
Many people start out small or their families grow bigger. Now they need a bigger house to accommodate extra family members or their way of life demands more space. For example, some people have home-based businesses and would like to separate their office from home chaos to focus on work. Sometimes kids need more space for toys or playtime. Sometimes it is an addition of a family member etc.
Need a more safe, stable and community-oriented neighborhood
People love safe, clean and comfortable neighborhoods with good school systems, shopping, dinning, parks, and recreation. If we live closer to parks, we can always get out for a quick walk when its sunny outside or take the dog out for a walk. If shopping and dinning are nearby, it will reduce the time and fuel consumed during frequent trips. (I know most women like to shop and dine occasionally).A safe neighborhood makes life more easy, relaxing, and less problematic. With a of community close by, families can organizing or participating in more activities and programs.
Need to be closer to work
This is probably one of the main reasons why we all live where we live. Being close to work not only reduces the commute, but also gives you some more time during a day. If your normal commute was 1 hour each way, then you could have about 1 and a half hour more to do things at home. It can also save the hassles to be at work in case there was trouble sleeping during the night or you could not wake up early. Saves you gas too.
Need to be closer to schools, daycares or babysitter’s house
This is a good reason to choose where to live for a lot of people with kids. Having a good school system makes it a worth-while investment not only at present but also a good selling point. There is always a good demand for houses in a good school district area with a low crime rate. Also, having a daycare close by can also reduce the commute because you will be making two trips 5 or more days a week to drop and pick up the child. Saves you gas too.
Need to be closer to friends and family members
Many people like to live close to friends and family. That is one of the main reasons why people like to buy a house in a particular neighborhood where they know people or relatives. It really helps to watch kids or go shopping together.
Need to stay away from friends or family
I know it sounds bizarre, but some people actually like to stay far from their relatives or certain friends. I think it has a lot to do with the past relationships not turning out right. For instance, an area may bring sore memories because of a previous divorce or broken relationship. If you share the same thoughts & experiences as Raymond from Everybody Loves Raymond, you would definitely look for a house away from your parents. (Unless your spouse is like Debra and wants to be near them.)
Need for a smaller home
Some people bought a house that is bigger than their needs. Like kids, parents, or relatives that were staying together and now they moved out or got married. Now the house is too big to handle that monthly mortgage, high utility bills, or lots of unused space. So it makes sense to buy smaller one to save big.
Need for a retirement home
Some people have worked hard in their life and earned good retirement benefits or pension. A lot of times people live a busy life and once they retire, they want to move away from that life and noise in a quiet neighborhood. With the retirement earnings, it’s possible to afford some mortgage payment. For most of these retirees, they already worked through their college days, paid all bills, and have improved credit that they can qualify for such a loan.
Need for a vacation house
Some people like to spend time away from the daily chaos and enjoy a scenic weather-friendly vacation. Sometimes its worth it to own a house at such a location than to pay for hotels or rentals. Plus, when it’s not being used the owner can always rent it out to help pay the mortgage payment. It can turn into a sizable chunk of cash if it is located nicely and managed properly.
Tax benefit
Home owners can write off the mortgage interest. You also get tax free profits from the sell of your home. Another tax benefit is that you can write off your property taxes paid, not escrow balances though. There are write offs for moving expenses too, depending on the mileage. On certain circumstances the home buyer can also deduct the mortgage points. Another deduction that you might be able to take advantage of is your PMI insurance. If you purchased your home after July 2008 but prior to April 2009, you can qualify for a first time home buyer deduction. IRA payouts can be penalty free for first time home buyers too. An unfair, but sweet deal is a D.C. homebuyer’s credit. You can get some relief in a sale if you keep improvement and repair receipts. Last, there are tax incentives in place for “energy saving” home improvements. WOW! All of this could equal to a pretty chunk of change.
Privacy
One very important reason for many people is the added amount of privacy you gain from owning your own home. For some people, sharing a wall with 1 or more families on either side is aggravating. You hear the neighbor’s music, the argument, the crazy unruly child, or constant bumping the walls. Now I know that not all places are built with wall this thin, but many are.
Freedom of Expression
In some apartments and even neighborhoods, you cannot change anything in the landscape. On the other hand you may not even have a yard at all. For some people with families, having a yard is an important aspect. Additionally, you can put your green thumb to work, barbecue with friends, just relax in a hammock, or whatever tickles your outdoor fancy. Owning a home can bring the nature nut this oasis in a greater way than the trails at the park could. Or maybe you want to have bold, loud red walls, but your landlord will not allow those changes to be made. You can in your own home, just change it prior to selling it. See more info on staging to sell.
If you are a home owner who don’t want to spend money to list your property,try 101 nice houses to sell your house free You have nothing to loose.