Check this CTV story out of an open house in the ultra-competitive Toronto housing market where the Lister has put a home up for sale around $100K below list price.
What happened? Well over 200 people showed up as interested buyers for the duplex. The seller said she got what she wanted in terms of response, and said the demand and bidding for the home will raise the value to what the market is really worth.
We’ll see if this tactic works in Toronto.
The video can be seen here: http://www.ctvnews.ca
Post written by Alexis Hlady