Peter Mohylsky (PMI. Destin)

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Rainmaker
1,361,645
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Because Life Happens...

Marriage

Birth

Divorce

Promotion

Transfer

Deployment

Death

Bankruptcy

Medical Issues

Neighbors suck

Neighborhood changes

Lottery Winner

Inheritance

and...

and...

and...

Apr 27, 2020 09:42 PM
Ambassador
4,570,339
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!
  • Size
  • School zones are huge factors in my market.
  • Lifestyle changes necessitating different type of house.
  • Physical challenges - 2-story needs to be a ranch.
  • Familial changes
  • Divorce
  • Only had neighborhood changes for reasons like improved amenities.
  • Job change/promotion/transfer
  • Death (trust or probate sale)
  • Need to incorporate two homes into one multi-family living arrangement

And, the list goes on, I'm sure! These are just off of the top of my head from recent sales.

 

Apr 27, 2020 10:32 PM
Rainmaker
1,431,861
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Dario Ferreira has the ones I thought of.  In addition to his, moving for or because of a job comes to mind, as does divorce or death of a family member (or member of extended family), moving to care for elderly family or those left by the death of a family member.

Apr 27, 2020 06:02 PM
Ambassador
3,162,866
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

The list goes on and on and on and on ... 

as does the beat ... the beat goes on. 

You've got some great lists here including those from Debe Maxwell, CRS and Thomas J. Nelson.  

Apr 28, 2020 07:09 AM
Rainmaker
2,086,609
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Minot Air Force base accounted for half of my business... always coming and always going. Aside from that many sellers were retiring to the Southern States.

Apr 27, 2020 07:01 PM
Rainmaker
2,692,834
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Trade-up or trade-out

Apr 27, 2020 06:38 PM
Rainmaker
741,731
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

I think you named the top 3 here are some more, school districts, not enough natural light, not facing the right direction, neighbors, finaces, zoning laws.

Apr 27, 2020 06:02 PM
Rainmaker
228,701
Dario Ferreira
Attleboro, MA
Internet Marketing & SEO

Getting older
Weather
Neighborhood change
Death of spouse
Financial situation
Schools
Won the lottery :)

Apr 27, 2020 05:47 PM
Ambassador
1,879,095
Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

Job change... baby on the way... kids have moved out "empty nest"... looking for a new project... need something to blog about...

Apr 27, 2020 05:17 PM
Rainmaker
4,270,336
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Changes:    Job.    Household Size.   

There's a start.  

Maybe it's time to start some internal brainstorming.   

 

Apr 27, 2020 04:45 PM
Rainmaker
1,058,313
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Life situations such as health, death, job relocation, job loss, won the lottery, inherited $$, becoming a multi-generational household, military etc

Apr 28, 2020 07:14 AM
Rainmaker
916,348
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I've always practiced with the idea 'where you are going is more important than where you have been.'

They move because the see a place they want that suits them better. Of course that could mean moving to Madison where there work will be.

A motivated seller sees a place they want.

Apr 28, 2020 05:05 AM
Rainmaker
538,326
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

In my second home market there is 7 year itch that dominates. After that it is the 3ds. Death, disease and divorce

Apr 28, 2020 04:12 AM
Rainmaker
871,278
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Weather, job, retirement, age, marriage, divorce, kids, traffic, death of family member, assited living needed in near future, convenience to hospital, annoying HOA's, annoying neighbors, job transfer, get closer to grandkids, needs one level living, reduce or eliminate yard work, pets, access to public transportation needed, etc

Apr 28, 2020 03:42 AM
Rainmaker
468,849
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

Lots of great answers and I feel like the most common reasons have been covered. If you want to create a reason, one could add using the cycle of the real estate market and one's primary residence to create wealth - downsize in an up market, upsize in a down market. Note the "up" and "down" don't have to be the physcal size of the property - more like upgrade in down market  - sell the expensive home when prices are up and by a cheaper home. When the next down cycle comes along - sell the cheaper home and upgrade. When the market shifts to the next up cycle - ride it up for awhile - sell and repeat.

Apr 28, 2020 07:14 AM
Rainmaker
4,579,620
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Just time to move on and we are in a position to do it!

Apr 28, 2020 05:40 AM
Rainmaker
3,386,578
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Loss of job, divorce, relocating for work, can not go up and down stairs any more. Then having a baby, getting married to a girl with 3 kids who will also be moving in. Here is a few more...

Apr 28, 2020 05:50 AM
Ambassador
3,078,415
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

in my market there are two main reasons... older people moving "closer to kids and doctors" and weekend/vacation people "life got so busy we never come" sellers.  

Apr 28, 2020 12:46 AM
Rainmaker
710,199
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

An upcoming assessment!

Apr 28, 2020 09:57 AM
Rainmaker
850,562
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Taxes got too high; knees too weak to tackle the stairs; move closer to kids; tired of shoveling snow and so on...

Apr 28, 2020 12:54 PM
Rainmaker
7,052,178
Roy Kelley
Retired - Gaithersburg, MD

With so many job losses, many are unable to pay their mortgage payments. We will see more multi-generation occupants in homes.

Apr 28, 2020 07:29 AM
Rainer
180,515
Harjeet Bhatti
FITH THIRD BANK - Chicago, IL
Home Mortgage Consultant 25 States

Kids settled need to move to other area they want to live close to nature. 

Apr 28, 2020 03:12 PM
Rainer
2,425
Tina Strange
BGA Properties, Inc. - Palmdale, CA
Helping first time and newlyweds with real estate

There are many reasons for sellers to want to sell. For some older couples, empty nestors, once all the kids have gone off to college or moved out, their current home may be too large. So, yes, downsize is one motivating reason. Another reason expanding families may need more space. Or, for those who may be facing an unfortunate situation such as a job loss, divorce, etc, may want to or are forced to sell their homes. 

Apr 29, 2020 09:37 PM