The Business News Source for the Community of Sarnia - Lambton

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Neighborhood shopping

Tue, 08/07/2018 - 08:40 -- Mario Fazio

A good question by buyers, rarely asked, is if there are any little known problems with the neighbourhood where they are house hunting. The traditional questions  “What are the neighbours like?”, “Is the neighbourhood quiet?”, “What is the school district?”, “Is it a safe neighbourhood?”, are all important to get answered, but there are other areas that can lead to serious concerns later, if not investigated before you buy.

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Current home values

Fri, 06/29/2018 - 15:49 -- Mario Fazio

All around Ontario there is talk of a “housing price bubble” and a “hot seller’s market”, along with the fear of prices collapsing. In Sarnia, Lambton we have only seen a slight increase in home values and solid house sales. Some people are wondering why  prices are going up in our area, when our population seems to be stable with near zero growth. There are several factors influencing the local real estate market, including retirees coming in from other areas, as well as newcomers replacing our retiring workforce.

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Home Inspection Advice

Fri, 06/01/2018 - 08:11 -- Mario Fazio

Occasionally, after the long process of searching and finding that home that fits your needs, the home inspection report uncovers several items in need of repair or correcting. Your offer was subject to receiving a satisfactory home inspection report, but what happens when the report reveals problems? This is where an experienced realtor that you trust is helpful. You don’t want to walk away from that near perfect home you found, but you do not want to get stuck with the extra after sale costs of correcting the problems.

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Unsolicited real estate offers

Tue, 05/01/2018 - 12:43 -- Mario Fazio

Sarnia- Lambton is experiencing some record breaking real estate sales volumes, and in some cases record high sale prices. Some neighbourhoods and home owners are being solicited every day by realtors or individual people looking to move into desirable neighbourhoods. You could get touching letters from possible buyers, or compelling letters from realtors claiming to want your home or to have someone to purchase your home.

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Tips When Selling

Tue, 04/03/2018 - 16:14 -- Mario Fazio

A few critical steps need to be followed when you attempt to sell your home for top dollar, and in a timely manner. Begin by letting go of the emotional attachment to your home, and try looking at it from a buyer’s perspective. Here are ten points to consider.

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New home builders

Mon, 03/05/2018 - 09:05 -- Mario Fazio

Sarnia -Lambton has  between 150-200 new homes built and sold every year. Each and every one of them should come with a new home Tarion warranty. But remember that although the warranty is always identical for every builder,there are good builders and poor builders, as well as inexpensive builders and overly expensive builders. The warranty is only as good as the builder behind it. Getting a builder that will come back and service your needs is important. Most new builders must take several courses from an accredited college, and must pass exams.

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Choosing A Realtor

Mon, 01/29/2018 - 15:42 -- Mario Fazio

Whether buying or selling real estate, obtaining the services of the right realtor can make all the difference to your wallet. In today’s fast paced and ever changing world, you need someone that can give you real service and value for your money, and choosing correctly should be your first priority. In Ontario, all realtors must be licensed and follow a strict code of rules and regulations, but this is where the similarities end. There are many consumers who believe all realtors are the same and provide the same level of service, which is simply not the case.

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Will NOVA’s plans affect pricing?

Fri, 12/29/2017 - 16:13 -- Mario Fazio

With the latest good news for Sarnia-Lambton,  the new NOVA plant, we continue to be on an economic roll in the right direction. Everyone either assumes or believes real estate prices will be affected.Let’s analyze the current economic conditions to see how, and if, this holds true. NOVA announced a new 2.2 billion dollar plant that will require at peak 1400 to 2000 construction workers for the next three years, and ultimately 150 new permanent company workers.

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No housing bubble here

Tue, 11/28/2017 - 15:46 -- Mario Fazio

So far, in 2017, our real estate market is moving right along at a healthy clip. Our average price, locally, is moving up and will probably land in the $250,000.00 range. This is still well below the provincial average of $450,000.00, and the national average of $500,000.00. If you remove the Toronto and Vancouver area’s average house prices, our national average would land further down around the $380,000- $400,000.00. So there is no danger of a house value bubble bust here, since we are well below the national average.

Mario Fazio's picture

Neighborhood shopping

Tue, 10/31/2017 - 14:11 -- Mario Fazio

A good question by buyers, rarely asked, is if there are any little known problems with the neighbourhood where they are house hunting. The traditional questions  “What are the neighbours like?”, “Is the neighbourhood quiet?”, “What is the school district?”, “Is it a safe neighbourhood?”, are all important to get answered, but there are other areas that can lead to serious concerns later, if not investigated before you buy.

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