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What an end to blind bidding for real estate could look like
Critics of the blind bidding system for authentic estate are pushing for what they say are practical solutions that could build a improved method for equally sellers and buyers. In provinces across Canada, blind-bidding is the default apply when a property attracts multiple offers. In this situation, customers compete to present the highest obtain price tag on a home with no figuring out the greenback quantity of the other bids. “I believe there are severe problems with the way we are conducting things ideal now,” reported Murtaza Haider, a professor of details science and true estate administration at Ryerson College. Haider states an conclude to blind bidding could have some…