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Sellers getting worried as the drop in sales continues in the first two weeks of March. Sales have fell each and every month since June of 2010. A co-worker is getting a divorce and they have put up their home with the hopes of a profit but after a couple of months and a couple of price drops nothing has happened. Now they don’t know what to do and don’t want to sell for a loss but they want to get rid of the house. Buyers are in the drivers sit and can low ball sellers in today housing market with falling sales. Realtors have done a good job with their propaganda and mis-information. Most people are surprised that sales have dropped every month since June 2010 in the GTA. Once people understand this reality prices will crash 10-15% in no time just like 2008. It’s coming and it’s going to hurt. |
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