trees
New Member
As I understand it during the past few years in central Toronto it has been very common for sellers to hold back on viewing offers for several days after putting their house on the market.
Recently I have heard from several different sources (including some real estate agents) that this practice is no longer as common as it was—and indeed that it is now considered to be inadvisable. The only explanation I've heard for this development is that "buyers have got tired" of the system, or more particularly that they are leery of getting involved in bidding wars and therefore, if the sellers are holding off, some potential buyers will decide not to make an offer.
I haven't seen any statistics to back up the claim that the method is not much used anymore, or to show that if the method is used now it may backfire.
I'd be very happy to get more information about this — or just to hear the opinions of forum users on the subject.
regards to all from
trees
Recently I have heard from several different sources (including some real estate agents) that this practice is no longer as common as it was—and indeed that it is now considered to be inadvisable. The only explanation I've heard for this development is that "buyers have got tired" of the system, or more particularly that they are leery of getting involved in bidding wars and therefore, if the sellers are holding off, some potential buyers will decide not to make an offer.
I haven't seen any statistics to back up the claim that the method is not much used anymore, or to show that if the method is used now it may backfire.
I'd be very happy to get more information about this — or just to hear the opinions of forum users on the subject.
regards to all from
trees