To a packed room, FHCE associate professor Velma Zahirovic-Herbert reported research she is working on related to the effect of relisting a home sale in a slow market.
Dr. Herbert and her co-authors asked the question: should sellers relist their house after it has been on the market too long? Houses that have been listed for too long a period may seem stale to potential buyers.
A massive data set collected using Census data and the Georgia MLS allowed the researchers to answer this question.
The researchers found that relisting has a positive effect on sales price due to stigma removal. They also found that a longer gap between listings leads to a lower sales price, relisting within 0-30 days has a positive effect on sales price, and relisting with a different agent has a negative effect on sales price.
Group honored at National Extension Association of Family and Consumer Sciences meeting
Housing Impact Award recognizes faculty member's significant contributions to the field
Where We Live, Learn, and Play
Housing-related changes have been implemented by 66 GICH communities
Cedartown, Liberty County, Madison, Pine Mountain and Trion “Graduate” from GICH