Third of investors unprepared for buying process
Posted by Steve Harmer on
Third of investors unprepared for buying process
It is a cardinal sin for investors not to be prepared or knowledgeable about the home buying process, but new figures point out that a third (32 per cent) of first-time investors admit to just that.
The survey, published by the Real Estate Council of Ontario (RECO), also found that 26 per cent of investors wished they had a better grasp of the buying process, 21 per cent wished they had looked at more properties and 14 per cent wished they had a better understanding of the contracts involved.
Other findings include:
- 43 per cent said there were sections of the real estate contract when they bought or sold a home that they did not fully understand.
- 36 per cent mistakenly think that after…
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