(Source: Toronto Star)

In a market where listings are down significantly compared with those of a year earlier, it has become standard practice for some agents to try to stimulate multiple offers for a property.

The controversial marketing method has caused frustration with buyers and agents. And it has also created something of a backlash by those who say it is misleading, if not unethical.

But the tide may be turning. Some vendors are deciding not to participate. And some buyers are avoiding properties that seem deliberately underpriced.

Read Tony Wong’s full article “
House sellers, buyers balk at bidding wars” in YourHome.ca (February 27, 2010).

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