There's been quite a few listings over the last week to pop up on MLS. Were you in the market over the last few months? Most weren't given the statistics. Well...I was. It wasn't my favorite market...but I was there. Sometimes just being there is helpful. I'm a lot better then the guy who just shows up. But this is a case where just showing up would certainly be a major step!
Why? Simple. Many of the listings aren't new to MLS. They didnt sell in their 90 day mandate that begun in June and now they're back (some with different photos, some with different agents...all with different MLS #s).
Why care? Well...the arguement is that the inventory may not be new. So statistically speaking, this is important as they're not truly "new" listings and it's also important b/c some have responded to the new market structure while others may have increased their prices. I'd think you'd like to know as a buyer coming to market this September.
The history of the exact listing is important for obvious reasons. The history of what's going on on the street is also important and the "feel" for what's happening on the ground is also crucial.
Again, this is stage 1. There's obviously much more to this. Just thought I'd offer up some free advice.
Call me this fall or email with any questions. Look forward to speaking with you.
Best,
Michael
http://www.TheSmithsBuyAHouse.com
http://www.PropertiesintheGTA.ca
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