bidding wars

How to sell a house these days?

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This is just a story. A true story? Well, two similar houses were built on small lots in Fernwood by a developer. First sold within days for over half a million dollars. Second is still on the market, over two and a half months later.

Next door, is a ramshackle Fernwood traditional, probably circa 1914 or earlier, paint peeling, architecture similar to other houses in the neighbourhood. In realtor parlance, a "diamond in the rough".

So the developer approaches the owners of the rundown house and offers to paint it for free - cost is around $5000. Why? Well, it's right next to the house that hasn't sold yet.





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