New Build | Real Estate Blog

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 mental ...

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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

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 spurt ...

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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

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

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 ...

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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.  ...

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

Century 21 Kelleher Real Estate Inc.
Ernie Arrizza & Heath Joshi
2155 Leanne Blvd, Unit 259
Mississauga, ON L5K 2K8

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®.
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2021 Last Updated March 3, 2021
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