Basement | Blog

Monday, December 14, 2020   /   by Ernie Arrizza

What Do Vaccines Mean for the Real Estate Market?

It is hard to imagine that in a pandemic, the Real Estate numbers have shot through the roof in the past 9 months. Nobody could have predicted that there would be a mass exodus out of city's and move to anywhere but. 


When the pandemic started in March many of my clients opted to halt their Real Estate ventures and stay put. A month later, people started to feel cramped in their space and start looking beyond to see if they could afford a place with a backyard, some space and a home office. Many people did that and prices outside of the city core exploded. Prices also exploded all the way to Windsor and outskirts where nobody thought of. Find a nice peaceful town, with a backyard and pool, that's what people did. 


Places near the city with these features went through the roof, the reason being, it was outside enough of the city core, but had land and space inside an actual house. We are still seeing a trend going upward daily and right now. Each sale spurts the mark ...

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  condo, investment property, new building, new construction, buyer, buyer agent, home, additional costs, buying home, landlord, real estate investment, sell investment, business, commercial real estate, finished basement, home features, industrial real estate, real estate, requests, saving to buy a home, top features, covid 19, vaccine

Friday, December 4, 2020   /   by Ernie Arrizza

People Will Be Begging to Go Back To Work. Real Estate Up?

It's pretty bleak right now. Nothing is positive in many people's minds. People are stuck at home, people are stuck home schooling their kids, people are out of work and the list goes on and on. 
The state of commercial real estate is in dire straits like we've never seen before, businesses boarded up, and the ones still in business are hanging by a thread. 
There will be hope coming when things go back to normal and businesses that once would never thrive will. 
Have you ever wondered why the stock market goes down and everybody cries but then a few days later the stock market comes back roaring with a vengeance to break records. It just happened. The same thing will happen with businesses and people in general. 
At the beginning of the pandemic when people started working from home everybody loved it. That was the general sense. I don't have to go into work, I don't have to travel, I don't have have to spend money, dress up, and talk to anybody. Now the generan ...

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  condo, investment property, home, basement, landlord, piggy bank, real estate investment, sell investment, business, commercial real estate, industrial real estate, real estate

Friday, December 4, 2020   /   by Ernie Arrizza

Top Features Requested In Homes Right Now

Since people are pretty much going no where right now and for the past 9 months, people are starting to re-evaluate what they want in a home. They are re-evaluating where they want to live, and how their future might be in the next few years. Many are moving out of the city and looking for bigger homes, and also looking for specific features. Here are some features that buyers are putting at the top of their list:
 
1. Finished basement with bedroom & Washroom. I must've answered this question a million times in the past 9 months. Does it have a finished basement and a bedroom? Why? Everybody is either using it for a nanny, a parent, or a teenager that needs some space. 
 
2. Office: Everybody is working from home, so they need a space to work in. 
 
3. Pool: Since most pools are closed, and or people don't want to navigate going to a public pool, this has been a top selling feature this year. Jacuzzi's have also been up there. Pool prices have go; ...

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  condo, investment property, new build, new building, new construction, buyer, buyer agent, buying home, home, top features, home features, requests, finished basement, basement

Wednesday, October 12, 2016   /   by Ernie Arrizza

How To Avoid The Buyer Blues

Buying a house in a tough market like Toronto can be very emotional draining. There are many obstacles to overcome such as bidding wars, no inspection clauses, no finance clauses, and being unsure of so many factors.
In a crazy market, it is best to find your house first then sell after. The reason being that you will not be forced to buy something you don’t like if your time runs out on the selling end.
I have witnessed many buyers go through what I call the Buyers Blues through my travels, and in many cases there are a few steps to avoid this from the beginning. Here is my list of things to do:

1. DO NOT FALL IN LOVE with the house you see. When you are looking for a house, always keep in mind the house is not yours until you get the keys. Even if you have a firm deal in place there are many things that must happen before you are actually living there.

2. Be Realistic: Do not look at houses that are under priced and out of your price range. Examine your budget and what ; ...

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  buyer agent, buying home, condo, new building, new construction, real estate investment, buyer, home, new build, real estate, additional costs, piggy bank, requests, business, finished basement, real estate agent, realtor, saving to buy a home