FHCE Professor Finds Re-listing House brings Positive Result

December 5th, 2014 Author: Sheri Worthy  |  706-542-4877  |  More about Sheri
Contact: Sheri Worthy

Velma Zahirovic-HerbertTo 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. 

Categories: Financial Planning, Housing and Consumer EconomicsGraduateResearchHomes
Related Event: FHCE Seminar- The Effect of Relisting on House Selling Price
Tags: real estate, housing, fhce seminar

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