Updated from our “Buying Real Estate” Archives. Originally posted in December 2008

By Brian Madigan LL.B.

We all know the type: they look, look and look, but they never buy. For some strange reason, however, they keep on looking!

Five or ten years can easily pass, then they kick themselves for all the deals they have missed. Frequently, they can often recite all the features of a home including frontage, square footage, price and financing a decade later. Naturally, it’s now more than doubled in price. But, why didn’t they buy?

Oftentimes, the real estate procrastinator will have full market knowledge and just be apprehensive about actually doing the deal. There is always one more piece of information, one more item at the office, one more piece to the puzzle before they can say “yes”, let’s put in an Offer.

More frequently than not, these individuals will be highly-educated. They will require a great deal of information about a property before they can make a decision. But, why is this? [Read more...]