Wednesday, April 11, 2018   /   by Ernie Arrizza

Virtual Staging

There has been a lot of advances in technology this year, and one of the areas is virtual staging. It has come down so much that some agents are looking at this as viable alternative to staging, rather than have the place look empty on photos and videos.

In my personal experience, I think that this is setting your potential buyer up for a disaster when they go visit the house. If they don’t visit the house and buy the property online line (ya right!) then it is a great way to showcase the house.

Here’s the thing, when they go to the house, and see empty rooms, they are going to be disappointed, it is deflating to expect to see a beautifully arranged house, then go and you look at empty rooms.

While some people might have an imagination, some and most people don’t. I learned this the hard way of being in this business for a while. You say “oh, its just a little clutter, image the house without all this garbage and plants everywhere”. That doesn. ...

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Thursday, January 18, 2018   /   by Ernie Arrizza

Buying a New Build From A Builder Sucks

I’ve had enough of these builders and you should really beware before buying a new build.
Over the past 10 years I’ve been selling Real Estate, I’ve had one bad situation over another with my clients. The past two years, I’ve reached my limit and I’m here to say don’t buy a new build, you’re better off buying something that is built already and let somebody else deal with the stresses that come along with closing a house.

I will play devils advocate and say that if for some reason you find a reputable builder and have dealt with that builder, then you could actually make some money, and have a great experience. On the other hand, in my experience, I have been seeing one bad situation over and over to warrant that most builders are not doing a great job and really screwing the end user you at the end. Here are all the things I’ve had to deal with my clients that should not be happening.

1. Closing Cost: While most lawyers will put! ...

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  condo, investment property, new build, new building, new construction

Tuesday, January 16, 2018   /   by Ernie Arrizza


The purchase price of your home is only one of the costs you’ll encounter. Here are other possible costs you need to consider:

Mortgage loan insurance: If you are putting less than 20 per cent of the house value down, you’re going to need mortgage loan insurance. Depending on the lender, the premium can be added to mortgage payments.
Appraisal fee: Lenders typically loan a percentage of the home’s purchase price or the market appraisal of the property. Cost depends on the size and complexity of the assignment.
Land survey: The lender may ask for a current survey or certificate of location before signing off on the loan. There can be a substantial cost for having a new survey done on the property.
Deposit: A deposit normally goes with the formal offer to purchase.
Insurance: The lender will require proof of property insurance for the replacement value of the house and its contents from the day you . ...

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  condo, investment property, new build, new building, new construction, additional costs, buyer, buyer agent, buying home, home, piggy bank, saving to buy a home

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

Tuesday, October 7, 2014   /   by Ernie Arrizza

Common Promises from Realtors and For Sale by owner companies that are lies.

As part of my job, I must interview for jobs. I must explain to people my process and how I work and the things I will do to market and sell their house. Somewhere in there I hear, well the last guy said that we could get this, and do that. Making statements and saying that you will definitely get a certain dollar figure or sell your house by a certain date is a lot of horse crap.
A few things that I’ve learned about my industry is that Realtors and even now, For Sale by Owner sites and appraisers can give you a gage at something but nothing is written in stone. So many factors can affect your sale for one better or worse. Something could happen in the marketplace that could dramatically change what the last house sold for and your house will sell for now. It can go either way. You could be on the benefitting end of a change, or you could lose.
A good example of this is you put your house up for sale. The last comparable house sold for $650000, it is an identical model. Yo ...

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