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

Monday, December 14, 2020   /   by Ernie Arrizza

Interest rates hold!

If you've been living under a rock for this past year, you might not be paying attention to what is holding this economy right now. It's the interest rates. Money is cheap to borrow, everybody that qualifies is doing so. The interest rate is staying where it is and as the bank of Canada has stated, it will stay there for some time or even go lower. 

What this means... more borrowing, more demand, more debt. Is this a good thing? Possibly. Housing could get out of control and out of reach for middle income people. Debt could sky rocket to a point where people cannot ever pay back. People will further be living on credit and not saving money for a rainy day. 

On the flip side, we are seeing people put away financial help from the government, applying for lines of credit and waiting to use it and applying for loans that will help people stay afloat until this economy gets back to full strength. We are also seeing some people invest in their own properties, move up; ...

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  bank of canada, interest rates

Monday, December 14, 2020   /   by Ernie Arrizza

Real Estate Formula

Some people think that you just take a few pictures and put a property on mls and slap a price and a sign on the lawn. That might have worked in the 80's and 90's, but things are a little different now. Here is the formula to giving your home the best opportunity to get the most money even in a crazy sellers market. 

1. Staging: Whether you hire a professional stager, or use your own furniture, staging is a big compliment to any house. Painting is included here. 

2. Clean: Make sure the house has no clutter, and is clean. If your house smells like crap it doesn't matter you will be losing money. 

3. Is it available to show: If your house is great but you can't show it for one reason or another, those agents and buyers will walk away. 

4. Marketing: This has dramatically changed in the last ten years. 360 video, high def pictures, and how you present your house is a key component of selling your house. Especially online these days. This is the first impre; ...

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  buying home, real estate investment, sell investment, commercial real estate, real estate, real estate formula

Monday, December 14, 2020   /   by Ernie Arrizza

I'm Waiting for The Market to Fall

I hear this every year. Every year I hear this and I say to myself, I've only seen the market fall twice in 20 years, and basically those were due to one financial crisis in the US (we were not hit that bad) and in 2017 April when the Wynn Government came up with some ridiculous rules that trashed the market in one month. While this may happen again, with some new rules, it will not happen very soon due to the pandemic. Real Estate has been the only thing keeping this economy from totally zeroing out. 

The problem with waiting for the market to fall is that when you have this mentality, you never know when it is at its lowest and will bounce back. By the time you start looking for a property the prices probably already have started to climb. 

Let's use the Condo market right now as an example. The market has been its lowest we've seen in many many years. If you read my other articles you will know why this market has tanked. So If you are using this mentality you ar; ...

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  condo, investment property, new building, new construction, buyer, buyer agent, buying home, new build, real estate investment, business, piggy bank, requests

Monday, December 14, 2020   /   by Ernie Arrizza

Hiring a Realtor is a partnership not a Dictatorship

When I decided to become a Real Estate agent I did so to help people make a crucial decisions in probably the most important decisions of their lives. Yes some people buy multiple homes, multiple investments, but it still doesn't defer from the fact that these decisions are life changes. 
One of the things that have become apparent to me in my years of experience is that this is a partnership with whomever I'm trying to help. Sometimes it works seamlessly and sometimes there are expectations that come out of left field that simply cannot be met. 
I have many articles and videos that detail how and what to look for when Hiring a Realtor. The reason I write and make these materials is to give the public some knowledge of what our job is, and what should be expected. Some agents meet that, and some don't. Either way its a partnership non the less. 
I always tell my clients, here is my opinion, strategy and what I would do and you must make your own decision based on the ...

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  buyer agent, buying home, real estate investment, home, sell investment, real estate, industrial real estate, agent, real estate agent, realtor