Home seekers in Jamaica are navigating the property acquisition process incorrectly, prompting calls from one industry expert for a re-evaluation of standard practices.
Ryan Taylor, managing director of TASC Property Appraisals Company Limited, has cautioned against the prevalent trend of signing sales agreements before conducting property valuations, a practice he deems problematic.
“What I’m saying, and I stand firm on that, that is wrong,” said Taylor in an interview with the Jamaica Observer. “You have to link a real estate professional, which is the appraiser, before you sign that sales agreement.”
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