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Editor’s Note: This story originally appeared on The Penny Hoarder.
The last year in the real estate market has been, well, something.
Home prices have skyrocketed across the country, and homebuyers have been paying an average of $50,300 more for a typical single-family home, according to the National Association of Realtors. As a result, this market has produced some profitable opportunities for a lot of homeowners.
To say it’s a “seller’s market” is an understatement. So, with that, what have we learned about selling a home in 2021, and what can homeowners looking to sell in 2022 expect?
1. iBuying Is Here to Stay
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Not interested in all the hassle that comes with staging and open houses and waiting to close before you buy another home? If so, iBuying might be for you.
Selling to an iBuyer is a simple way to sell your home, as is, at a “fair market price.” They take it off your hands and take care of the rest. This concept has been around for years but now larger real estate companies, like Redfin and Open Door, have made it a competitive industry.
Though Zillow Offers closed up shop this year, selling to an iBuyer is a legitimate way to unload your house at a decent price.
2. Virtual Staging Is a Big Deal
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Making your house look pretty in an online listing is nothing new. But, thanks to the coronavirus pandemic over the last year and a half, it’s become more important than ever.
Virtual staging isn’t just taking a photo of your sun-lit 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.
That means no heavy lifting on your part. And even better? It’s much cheaper than traditional staging.
“I paid $1,200 to have one room traditionally staged for a three-month term, versus $100 for three virtually staged rooms,” says real estate agent Shea Adair of Sell Raleigh Home Fast. “The price difference is astounding, and you literally can’t tell that those rooms were staged virtually.”
3. You Still Need a Real Estate Agent
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In some cases, you might consider a “for sale by owner.” But, for the most part, hiring a real estate agent will save you time, effort and money.
In 2017, the National Association of Realtors found that the median selling price for homes sold by agents was $60,000 to 90,000 higher than those …….