Lucky address can add up to big gains in house sales

Posted by Real Estate Snatch Wednesday, March 26, 2014

on average, around five figures when superstitions run in a seller’s favour.

You don’t have to believe in superstition for it to hex your house, if the results of a forthcoming Canadian study are any indication. Reporting in the journal Economic Inquiry, researchers uncover enormous costs associated with “magical thinking” in real estate transactions in neighborhoods with a high concentration of Chinese residents.

The good news, however, is that they also identify payoffs on average, around five figures when superstitions run in a seller’s favour.


READ FULL STORY:  Courtesy of business.financialpost.com

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REAL ESTATE SNATCH is the independent real estate blog of Samir Safadi, Sales Representative of West-100 Metro View Realty Ltd, brokerage it is dedicated to covering Real Estate News, digital culture, social media and technology, providing analysis of trends, Market Data , reviewing new development. Offering Real Estate services resources and guides. Services are provided to prospective buyers and sellers of real estate by Samir Safadi, Sales Representative, West-100 Metro View Realty Ltd, brokerage, duly registered in the province of Ontario, under Real Estate and Business Brokers Act, 2002 (REBBA 2002) and Member in good standing with

 

 

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