What’s Motivating Your Move to Los Angeles or Beverly Hills, CA?
What's Motivating Your Move to Los Angeles or Beverly Hills, CA? | Christophe Choo at Coldwell Banker Global Luxury is Your Local Real Estate Expert
Are you considering selling your home? Understanding the reasons driving your decision to move is crucial. A recent Realtor.com survey revealed the top two reasons people are motivated to sell their homes this year:
- To Make a Profit For those thinking about selling, you'll be pleased to know that many sellers are seeing substantial returns on their investment. According to property data provider ATTOM:
“. . . home sellers made a $121,000 profit on the typical sale in 2023, generating a 56.5 percent return on investment.”
This significant profit is largely due to the surge in home prices during the pandemic, driven by high demand and limited supply. While the rate of appreciation has slowed, it continues to boost property values, making it a great time to consider selling. For a personalized assessment of your home's value and an update on the market in your area, contact a local real estate agent.
- For Family Reasons Perhaps you're seeking to move closer to loved ones to support older relatives or to have family nearby for special occasions. Selling your home and relocating to be closer to those who matter most can bring invaluable benefits. If geographical distance is causing you to miss out on life's precious moments, it might be time to find a new place closer to your loved ones.
For Beverly Hills and Los Angeles real estate, consider the advice of the National Association of Realtors (NAR):
“A great real estate agent will guide you through the home search with an unbiased eye, helping you meet your buying objectives while staying within your budget.”
Bottom Line If you're contemplating selling your house, there's probably a good reason for it. Let's discuss your motivations and work together to achieve your real estate goals in 2024.
Call Christophe Choo at (310) 777-6342 to tour your future home "HERE" or click "HERE" to estimate your home value
