The real estate market is finally slowing down after a white-hot couple of years.
Homes are taking noticeably longer to sell in 2023 compared to how quickly they sold in 2022 and 2021.
Thats why we have six strategies for selling your home faster.
And the share of for-sale homes with a price reduction has more than doubled.
However, the housing market at the local level varies quite a bit.
; Boise, Idaho; and Albuquerque, New Mexico.
Homes in Baton Rouge stayed on the market the longest, with a median of 93 days.
Our team has compiled alist of creative waysyou can fatten your bank account this week.
This is a long list, so dont get overwhelmed.
Go ahead and start now, but be sure to bookmark this post so you could easily return later.
Well keep it updated as offers changes or expire.
Homes in Rochester stayed on the market the shortest amount of time, with a median of 47 days.
iBuying might be for you.
An iBuyer takes it off your hands and takes care of the rest.
Virtual Staging Is a Big Deal
Making your house look pretty in an online listing is nothing new.
During the pandemic it became more important than ever, and that hasnt changed.
Virtual stagingisnt just taking a photo of your sunlit room.
Virtual staging software allows you to add and move around furniture in an empty room.
It gives a potential buyer a better idea of what the room could look like fully decorated.
That means no heavy lifting on your part.
Its much cheaper than traditional staging.
The price difference is astounding, and you literally cant tell that those rooms were staged virtually.
You Still Need a Real Estate Agent
In some cases, you might consider afor sale by ownersale.
The great thing abouthiring a real estate agent: Theyve been there before and have the experience.
They will take care of negotiations and paperwork.
And they have the connections you might need to hire a handyman, photographer or stager.
The real estate market can be unpredictable, but real estate agents arent going anywhere.
But as we know, these arent normal times in the real estate market.
All of these things will affect your homes sale price.
Be strategic about what you want to fix or replace and what you are content with leaving as is.
Robert Bruce and Mike Brassfield are senior writers for The Penny Hoarder.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
