When Pamela Herring bought her first home she didn’t open a bottle of wine to celebrate.
“I regretted [the purchase] the day after I moved in,” she said. “I had a meltdown and hated my home for a few months.”
According to the Toronto Real Estate Board, 13,000 homes were sold in 2009. Bob Pichut, a real estate agent for more than 20 years, says that in his experience, less than 10 per cent of home buyers sell in less than a year after purchase.
“It’s very rare,” said Pichut. “You can get cold feet. There’s a big fear factor when buying a home. The majority are ready, they’ve been saving and budgeting for this.”
Source: yourhome.ca SPECIAL TO YOURHOME.CA
October 12, 2010
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