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Selling Canada’s cheapest house

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Real Estate Professional | 29 Sep 2014, 09:11 AM Agree 0
Agents in large swathes of the country say they are now grappling with the double whammy of low commissions and a growing number of days on market.
  • Scott Simmons | 01 Oct 2014, 10:58 AM Agree 0
    I work in an area that does not have low price real estate but home do sit on the market for a long long time if they are over priced. Sellers seem to think Re Listing is the answer instead of dropping selling price. Re Listing will zero the days on the market. I have been trying to get our local board to change to aggregate days on the market. This would give buyer a real snap shot of how long a home has been listed. It would help sellers see it's probably overpriced. Changing agent or Re Listing with the same agent will not change the stale date.

    Most agents do not see this as a problem because it only happens in rural slow markets. Re Listing to freshen up a listing should be banned.
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