According to the National Association of Realtors, the average amount of time a homeowner occupies a house is 10 years. However, some stay much longer than that while others are moving out sooner. It all depends on each resident’s time frame. Whatever the reason may be, there are some issues that can occur that ultimately cause a homeowner to move on to something new. Sometimes it’s financial, other times it’s emotional. Regardless, here are six ways to tell it’s time to move out.
You’ve stayed for at least five years (the recommended minimum time). Selling too soon means there is a chance you haven’t built up equity beyond the down payment, as mortgage payments are mostly just interest payments in the beginning. It’s not a good look to buyers if you haven’t been in the house for long. They’ll wonder if something is wrong with the house or the neighborhood to cause you to exit quickly. This could affect their decision to buy