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Monday, December 14, 2020   /   by Ernie Arrizza

The Market Speaks

Who determines the final sale of a property when you sell it? 
 
There are many factors that go into getting offers when you list your house. If you read my article last week, Real Estate Formula you will realize that having everything in that formula is key to maximizing your potential, even in a blazing hot market. 
 
It doesn't take a brain surgeon to understand that there needs to be people interested in the property at one particular time at that particular place and willing to pay that particular amount. It's supply and demand. We all know that because that's how we get a bidding war. 
 
Sometimes agents and owners try to artificially create this by under pricing properties, and in some cases pretending illegally there is a buyer. It happens, It happens. 
 
In the end, it whether or not a buyer is willing to pay the price and whether or not in most cases the bank will finance this venture. A bank will only finance a hous ...

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  buyer agent, buying home, investment property, new building, new construction, real estate investment, buyer, home, real estate, sell investment, additional costs, real estate agent, realtor, interest rates, real estate formula, list your house, listing agent, sell a house, selling price

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

Price Drop for Condos here's why

This year has definitely been a very interesting year for Real Estate in Ontario, Canada. While most people thought that Real Estate prices would plummet everywhere, it didn't. in fact in many areas of Ontario it has gone bananas. Places like Windsor and little towns with cheap real estate prices suddenly were doubling and tripling in value over night. These are phenomena that we've only seen in the Greater Toronto Area. Houses while always in demand, are almost impossible to find and afford. The one casualty that has come from the pandemic is condos. Here's why.
 
1. Immigration: Condos have become the first vehicle into the housing market for many people either coming to Canada. It is the cheapest and lowest form of real estate and generally if you live in the city you do not have to own a car, you can use public transportation. Since immigration has a been totally stopped, this whole pool of buyers are not there. 
 
2. Investors: An easy way to get into real estn ...

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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

Friday, December 4, 2020   /   by Ernie Arrizza

Selling Your Investment Property? Some Things to Consider.

It's an easy decision. Sell the extra investment because right now its down. I've spoken with many investors and I get it. Here are some reasons why you shouldn't be selling your investment right now that you may not be considering. 


Right now investment properties and rentals are at an all time low. Nobody wants to deal with those renters with all of their new regulations. Nobody. Here's the thing, you might want to think about keeping your property if you can. 


Some negative reasons for not selling right now. You will have to pay capital gains on that property. You will get the lowest price possible right now. You may have some government funds you are eligible for because you are a landlord. You may be eligible for some government grants. You may able to use this property as a right off. Depending on your business structure that is doing well right now, you may be able to use this property as a loss = pay less taxes next year. 


Do you sell a s; ...

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  condo, investment property, new build, new building, new construction, additional costs, buyer, buyer agent, landlord, real estate investment, sell investment