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Waiving Conditions: What are Your Risks

If you are a buyer in Toronto right now, you are familiar with submitting an offer with no pending clauses. The most important ones being Financing & Inspection. Two very important clauses. There are other potential ones but these are the cookies that matter.  Waiving these clauses and offering a good amount does not even…

18x24 Ernie Arrizza

Open House Thoughts

My open houses always fuels ideas about people looking to buy a house.  This particular weekend, I notice that people who are neighbours pretend to be buyers and are bad liars. One thing that I do when somebody comes into the open house, is question them ever so slightly. My questions might seem friendly, but…

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How To Win A Bidding War! Plain & Simple

Toronto’s market is getting crazy. Houses are going for over asking, partly manufactured by Real Estate Agents, and partly by buyers who will stop at nothing to win a fight! 1. Get Pre-Approved for a mortgage, and be 100% sure you will not get turned down. Before you put an offer in, send the listing…

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PHOTOSHOPPING YOUR HOUSE

Recently the press has had a field day with one house in Mississauga that has been photo shopped to make it look like it has a longer driveway. I believe the camera man also used a wide angle lens in the photo. There has been an article in a Real Estate news paper that CREA…

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Find a House with Good Guts

This philosophy is common but it does take people who are willing to put up with the renovations in the meantime.  A few things to look for in order to determine “good guts” 1. Roof: If the roof is ok, this is the first and most expensive place to start. If this is not good…

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Hot Market = Ridiculous Asking Prices

Recently I have been taking my buyers to properties and we have realized that because it is a hot market people are just throwing their houses on the market with ridiculous prices. Another key thing we are noticing is that rather than prepare their houses for showings they don’t bother to clean nor even have…

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Pet Odor Will Lose You Thousands of Dollars

  Beautiful House fully renovated, great neighbourhood, great schools and close to all amenities and highways. This is the blurb that attracts the most buyers when posting a house on MLS. I book an appointment, take my clients there, show them the pictures and match their criteria to this house. Looks great so far. This…