1,596,440
Because Life Happens...
Marriage
Birth
Divorce
Promotion
Transfer
Deployment
Death
Bankruptcy
Medical Issues
Neighbors suck
Neighborhood changes
Lottery Winner
Inheritance
and...
and...
and...
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Ruth Gebrewolde
Pinole, CA
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Steve Higgins
Kelowna, BC
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
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Dario Ferreira
Attleboro, MA
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
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Dan & Laurie Pittsenba...
Bellingham, WA
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Brenda Mayette
Glenville, NY
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Peter Mohylsky, Beach ...
Miramar Beach, FL
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Debe Maxwell, CRS
Charlotte, NC
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Thomas J. Nelson, REAL...
La Jolla, CA
5,410,064
- 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.
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Steve Higgins
Kelowna, BC
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
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Peter Testa
Danbury, CT
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Dan & Laurie Pittsenba...
Bellingham, WA
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Doug Dawes
Topsfield, MA
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Dario Ferreira
Attleboro, MA
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Kathleen Daniels, Prob...
San Jose, CA
1,527,864
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.
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Dan & Laurie Pittsenba...
Bellingham, WA
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Dario Ferreira
Attleboro, MA
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
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Peter Mohylsky, Beach ...
Miramar Beach, FL
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
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Steve Higgins
Kelowna, BC
3,397,944
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.
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Steve Higgins
Kelowna, BC
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
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Peter Testa
Danbury, CT
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Dan & Laurie Pittsenba...
Bellingham, WA
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
2,471,497
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.
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Steve Higgins
Kelowna, BC
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Michael Jacobs
Pasadena, CA
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Peter Testa
Danbury, CT
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Dan & Laurie Pittsenba...
Bellingham, WA
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
2,820,950
Trade-up or trade-out
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Michael Jacobs
Pasadena, CA
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Dan & Laurie Pittsenba...
Bellingham, WA
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Doug Dawes
Topsfield, MA
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Brenda Mayette
Glenville, NY
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Peter Mohylsky, Beach ...
Miramar Beach, FL
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
821,560
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.
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Peter Testa
Danbury, CT
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Dan & Laurie Pittsenba...
Bellingham, WA
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
309,321
Getting older
Weather
Neighborhood change
Death of spouse
Financial situation
Schools
Won the lottery :)
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Dan & Laurie Pittsenba...
Bellingham, WA
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
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Peter Mohylsky, Beach ...
Miramar Beach, FL
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
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Steve Higgins
Kelowna, BC
2,105,053
Job change... baby on the way... kids have moved out "empty nest"... looking for a new project... need something to blog about...
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Dan & Laurie Pittsenba...
Bellingham, WA
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
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Steve Higgins
Kelowna, BC
4,674,957
Changes: Job. Household Size.
There's a start.
Maybe it's time to start some internal brainstorming.
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Peter Testa
Danbury, CT
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Andrew Mooers | 207.53...
Houlton, ME
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Steve Higgins
Kelowna, BC
1,236,550
Life situations such as health, death, job relocation, job loss, won the lottery, inherited $$, becoming a multi-generational household, military etc
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Kathleen Daniels, Prob...
San Jose, CA
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
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Peter Testa
Danbury, CT
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Doug Dawes
Topsfield, MA
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Dan & Laurie Pittsenba...
Bellingham, WA
921,504
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.
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Bob "RealMan" Timm
Minot, ND
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Peter Testa
Danbury, CT
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Dan & Laurie Pittsenba...
Bellingham, WA
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
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Brenda Mayette
Glenville, NY
556,936
In my second home market there is 7 year itch that dominates. After that it is the 3ds. Death, disease and divorce
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
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Dan & Laurie Pittsenba...
Bellingham, WA
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
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Brenda Mayette
Glenville, NY
925,938
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
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
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Dan & Laurie Pittsenba...
Bellingham, WA
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Dario Ferreira
Attleboro, MA
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
469,515
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.
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Steve Higgins
Kelowna, BC
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
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Peter Testa
Danbury, CT
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Doug Dawes
Topsfield, MA
5,398,149
Just time to move on and we are in a position to do it!
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
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Dan & Laurie Pittsenba...
Bellingham, WA
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
3,416,159
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...
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
3,204,701
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.
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
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Doug Dawes
Topsfield, MA
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Dan & Laurie Pittsenba...
Bellingham, WA
771,355
An upcoming assessment!
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Steve Higgins
Kelowna, BC
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
915,283
Taxes got too high; knees too weak to tackle the stairs; move closer to kids; tired of shoveling snow and so on...
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Michael Jacobs
Pasadena, CA
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Bob "RealMan" Timm
Minot, ND
8,052,043
With so many job losses, many are unable to pay their mortgage payments. We will see more multi-generation occupants in homes.
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
182,965
Kids settled need to move to other area they want to live close to nature.
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Michael Jacobs
Pasadena, CA
2,425
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.