Frustrated Finding London Ontario Condos?

Are you spending countless hours searching the MLS, real estate magazines, weekend classified ads and real estate websites looking for the ideal condo, be it an apartment in a high rise, a two storey townhouse or a detached town home , that is within your price range and in a good neighbourhood in London Ontario?

searching for a condo in London Ontario

Going to Open Houses? Going To Builder’s Models?

Have you missed out on some because they already have an offer or were sold before you even knew about it being for sale?

You may be missing out on some great condos that sell in a day or two or one that was priced so   agressively that it sells as soon as it comes on the market or in a specific area?

Is all that searching working for you  or is that you wish to avoid a pesky or bothersome real estate person (don’t blame you)?

Or, perhaps you are curious or you are in the ‘just thinking stage’ of real estate. Perhaps to purchase or sell.

Regardless, like fashion, real estate changes fast, people change, neighbourhoods change, real estate markets change and the motivation of buyers and sellers change.

So how do I, as a real estate professional, as a Broker of Record and Owner keep you, the curious, the maybe, the must have by the end of the month, the retiree, the downsizer, the upsizer, the DINK’s (double incomes,no kids), the tire kicker, deal maker, bread winner or just plain ready to move informed about real estate in London Ontario?

My asociates and I view a lot of houses and condos every week. We do loads of searches daily for clients, we are constantly researching properties, even For Sale By Owners.

we find houses in London Ontario

As professional house hunters in London we know the jungle, the alleys, the streets, avenues, crescents  and can guide you on the right path to ensure your purchase is wise & financially sensible.

You won’t have to jump off any cliffs, scale any mountains, wrestle a crocodile, put up with a pushy real estate salesperson, cross-eyed lawyers, impotent mortgage lenders, near sighted home inspectors, all you have to do is put up with us!

  These folks did and they are still with us!

Everything There Is To Know About Condos in London Ontario

If you are thinking about buying a condo in London Ontario or area, do you feel you know everything there is to know about buying one?

Or, were you going to just wing it or have just any  Realtor drive you around and then you buy one? Sounds foolish, doesn’t it? Yet, what do most people do? Yes, you are right!

Condos in London Ontario

 How much would you save in money, stress or issues if you knew about the following?

  • Four Fears Most Condo Buyers Have & What To Do About It
  • Four Important Questions To Ask Your Mortgage Lender Before You Sign Anything.
  • I’m The One Buying The Condo Who Are All The Other People Who Get Involved And Why?
  • When I Go To Buy A Condo, How Can I Protect Myself? Before & After?
  • New or Resale, What You May Not Know.
  • Why You Shouldn’t Buy a Car or Furniture Right Before You Buy a Condo.
  • Five Strategies To Never Ever Overpay For a Condo.
  • Getting a Home Inspection For A Condo? Do I Need One?
  • How Credit Reports And Credit Scoring Affects How Much Condo You’ll Be Able To Buy
  • What Pricing Strategies Are Sellers & Their Realtor Using To Get You To Buy?
  • A Proven Way To Avoid Frustration When Looking For Condos in London Ontario & Area.
  • How Can I Remember Each Condo When I’ve Seen So Many?
  • Five Questions You Should Ask Your Realtor At Every Condo You Visit.
  • Six Things Most Builders Hope You NEVER Hear.
  • 8 Signs That Could Mean Expensive (hidden) Trouble
  • Avoid Being Beaten Out By Other Buyers Who Want The Same Condo As You Do.
  • A No Fail Guide To Finding A Mover That Won’t Take You To The Cleaners.
  • Ways You Can Save Thousands of Dollars In Interest And Pay Your Mortgage Off Years Sooner.
  • Why Just Any Lawyer Will Not Do
  • How Important Is a Status Certificate? Why Do I Need One? Who Pays For It?

As you can see, we do not leave any stone unturned when it comes to helping you BEFORE you buy a condo. You should see what we do when we help buy one!.

Why not sign up for our condo buyer insider scoop email subscription now, there is no cost, there is no obligation and the best part is, you will definitely save money and time.

Condos in London Ontario, Buy One The Right Way

When looking at condos in London Ontario,it can be an emotional experience, perhaps even trying and scary. It can also be time consuming and comes with a myriad of details that should not be overlooked. Some buyers, (and even their Realtor), can get caught up in the excitement of buying a place and then tend to forget a few things. Their condo experience then could turn into an unpleasant turn of events, such as:

  • Paying too much
  • Losing the perfect condo to another buyer
  • Not buying in the right neighbourhood or building
  • Feeling rushed
  • Not enough due diligence done through the process and omitting a few steps

                                        Looking to buy a condo through the internet on MLS

                          Make Buying a Condo in London More Pleasant

The specific way you progress through a condo buying transaction varies but there are many  buying steps that are standard, even though they might not be accomplished in the same order in every location.

You’ll feel more confident about your condo buying journey when you understand what is required of you and every other person who is involved in the transaction.

I believe that there should be a thorough plan BEFORE a  buyer even starts looking  because when there is a systematic plan in place before you shop, you’ll know what to expect and if any unforseen events occur, you will know how to overcome them.

                             Working to ensure you find the right condo for you

I know there are buyers who prefer to search MLS real estate listings, go to lots of open houses, spend weekends & evenings looking and looking and trying to find the right place or perhaps, even a bargain.

As a professional Realtor , I have helped hundreds of house & condo buyers in London Ontario and I can veify that buying a home can take an enormous amount of time, even patience,  I do it every day, so for the ‘lone rangers’, go for it!

search condos in London Ontario on MLS

For those of you who are looking for that ideal condo, perhaps one not even on MLS yet & would like professional real estate guidance, negotiation, diligence and care, our “Dedicated Home Buyer Program” may be something that you have been looking for.

  Condominium living :

Couple buying a condo in London Ontario

    Most  newspapers now include a condominium section which recognizes the increasing number of people who already live in—or aspire to live in—a condominium.

  The Canada Mortgage and Housing Corporation (CMHC) has created a  guide to help you become an informed condominium buyer and to help you make the best choice. At the end of the CMHC Guide you will find full definitions of some of the terms used.

   It will identify important questions to ask—and the people you should be asking—before you make this important purchase.

  Searching to buy a condo in London Ontario

 At the end of the report, there is a selection checklist to help you narrow down the choice between the different types of condominiums you might see.

  Another great information tool is our own Condos in London guide,  one that I have been providing to Londoners for the last 15 years, in it you will see price ranges and styles of condos, neighbourhoods, specific buildings or complexes, local London Ontario links and telephone numbers, maps and tips.

I hope you will find it as helpful as hundreds of clients have.

   Try this Tool Kit if you are looking for tips and ideas when buying real estate

 homebuyers toolkit

 

3 Condo Buying Choices You Control in London Ontario

There are 3 condo buying  choices you have control over in London Ontario.

Get results, work with us when buying a condo

1. You’re looking to make one of the most important purchases of your life and you don’t want to get burned because of not knowing whom you can trust, or making a mistake that could cost you thousands of dollars later.

2.   You do not know the values in the marketplace and you want to be assured of getting the most that you can for your money, without having any regrets after your closing?

3. You’re feeling out of control because there are so many unanswered questions.  Making it hard to know where to start.

Is there an easier way to prepare before buying a condo in London Ontario? There is no easy way, but there are steps that if taken logically and followed, will help make your choices easier because you will be better informed than most condo buyers.
What would it be worth to you if you spent 32 Minutes Of Your Time Talking or Meeting With Me and You Learned:

  • Real facts about the market and not biased opinions?
  • The best neighbourhoods?
  • The best buildings?
  • The better property managers?
  • Condo fees and what they cover and the condo rules?
  • A 154 step by step condo buying system?

Let’s discuss your needs and concerns, it won’t cost you a penny and you are under no obligation what so ever!

You don’t buy a car without a test drive, why not give us a test drive!

A Poor London Ontario Condo Decision?

This complex is located right across from Masonville Mall and bordres on Richmond St and Sunnyside. Over the years these 1, 2 and 3 bedroom units have been sought after because of the location, price and the proximity to The University of Western Ontario.

The 4 buildings at Masonville Gardens were in need of updating, be it the windows, lobbies, roof, electrical, facade and eliminating the wood fireplaces and restructuring the balconies and excavating the foundation around all 4 buildings.

Jacksway Court troubles

The complex will look great when completed however, right now there is a legal quagmire, see this link here in The London Free Press.

There have been some sales over the past year or two and I have talked a few buyers from buying these, especially investors and parents for their children. What amazes me the most are the buyers who have purchased in there without getting a status report or their lawyers not thoroughly reviewing the report and allowing their clients to buy!

An experienced professional Realtor would know about troubled condo corporations, the history and the challenges. That is not to say those challenges could not be overcome by a professional, (there is always a way), yet people make poor choices when spending $1000’s of dollars because they will not listen or allow their bravado to overcome common sense.

Great Tips Before Buying a Condo in London Ontario

 Before buying a condo in London Ontario, following these ideas, tips and real life experiences and then implementing them most likely will save you money, time, worry and allow you to sleep better!

Buying a condo in London & South West Ontario can be a roller coaster of emotions …. Finding the right one that fits your budget and lifestyle…. Securing a mortgage….. moving in. And, if you’re like most, this condo may be your largest investment. Emotions over such a large and personal purchase can often cloud common sense & unbridled enthusiasm.

condos

Many condo buyers do very little research before “diving in” and investing their hard-earned money. Oh, they may have been going to ‘open houses’, searching MLS or viewing realtor websites and that is usually all they do, but there is more that could be done before making an offer.

Below are a few ideas and with the help of the right real estate professional, (ask them these 11 questions first)you’ll make a good sound decision that you’ll be happy and proud of for years to come.

Inspect, Review and Double Check:

Get a home inspection by a professional home inspector who is thorough and can explain to you his or her findings. For apartment condos, you may or may not want to do the inspection yourself because the windows, doors, roof etc are covered by the condo corporation. Turn on all the appliances, the heat or A/C, all lights, flush the toilets and run all the taps in the house and check electrical switches and receptacles.

​  Have your lawyer review the Status Certificate which will cover  the by-laws and  fees, restrictions and the financial staus of the condo corporation.

Don’t take anything for granted… inspect everything!

    Imagine the unit vacant:

Your furnishings and decorations will be the ones filling this new residence. Don’t be swayed by beautiful furniture….it leaves with the owner.

    Income plus Lifestyle Equals Mortgage Payment:

  Sit down with us and honestly discuss your income level and living expenses. Take into account future considerations like: job security or transfer, life style, amenities or fix-ups.

View More Than One Building or Neighbourhood:

Go through at  least 4-6 properties. Don’t get excited on the first property you see, if you really like it, use it as a yard stick and if the others do not compare, act quickly.  With a patient Realtor, you’ll be able to view enough properties to get a good overall perspective of your market. And when you find the right property, all the leg work will be worth it.

  Utilize The Professionals You Are Working With: 

  By aligning yourself with the right real estate professional, you’ll have an entire group of professionals working for you. Top Realtors have lenders, inspectors, appraisers, lawyers, trades people, cleaners….an entire group of trained professionals making the whole buying experience simple and easy for you.

   More Checking to Do: 

 Check out all your costs and expense before you sign: condo fees, utilities, cable, taxes and insurance. Make sure all utilities are on (gas, electricity, and water) when you do see the unit,  so you can inspect everything is in working order, Ask lots of questions and be very detail conscious. (I use a detailed room by room review manual with every client, it covers everything)

   Do a Final Walk-Through Before Closing: 

 Visit the property 2-3 days with your Realtor  before you move in to make sure there are no surprises. Be absolutely sure the appliances, fixtures and any chattels are still there  as you had agreed upon when the offer was accepted. Many times, things are unintentionally overlooked that could have been spotted in a final walk-through. (This is a standard clause in my Agreement of Purchase and Sale)

  Plan for Flexibility if Needed: 

 Closing dates are not written in stone. Allow for contingencies and have a back-up plan. If you or the sellers need a little more time to conclude the final arrangements, don’t let these delays upset or frustrate you. These types of circumstances are not uncommon in a real estate transaction; however, with a great real estate professional and his/her teams, this will seldom occur.

  If it’s Not in Writing, It Doesn’t Exist: 

 All promises and discussions are to be in writing. Don’t make any assumptions or believe any assurances from any one. Even the best intentions can be misinterpreted. Have your real estate professional keep an ongoing log (in writing) of all discussions, and get the seller’s written approval for all agreements.

happy condo buyers

A few more ideas

Buying a London Ontario Condo?

In a recent survey, the biggest and most costly error home buyers make is how they start the process of buying a home in London.

Usually the first step is deciding you want to move,  to stop renting or downsizing from a larger house. All good so far.

searching to buy a condo in London

Then, most will go and talk to a good mortgage lender( this is a major and crucial step and be careful whom you talk to, I cover that in another report) to see if you qualify and for how much. How much of a down payment and what would your average payments be. Again, you are on the right track.

Then what?

Yup, most start searching the MLS listings, Kijiji, real estate websites and real estate magazines (that are usually a month late) and what do they do? Call 4 or 5 real estate sales people who have listings they want to see and set up an appointment.

While making those appointments you hear the same thing:

  • Are you preapproved for a mortgage?
  • Are you working with an agent?
  • Do you have a house to sell?
  • Perhaps a few more personal questions or the name of your cat or dog!

Questions about buying a home in London Ontario

Then you go see a few homes, if you like one you may put in an offer with the listing sales person  without any research or thought of the long term consequences.

Or, the homes you have seen are not to your liking, but you like the sales person and they convince you that they can help you look for something else, again, without any research of that agent or thought of the long term consequences!

The wisest thing you can do after you have made the decision you want to move, is to research and contact the real estate sales person who has the skills and experience and whom you will entrust your hard earned money to!

Maybe interview two or three.

Then when you have confidence in the sales person you have chosen, that good real estate person will research properties on your behalf, make appointments to match your time table, protect you in the buying and offer process and be there if any challenges come up.

Do you not think that having that type of representation would be better for you than just entrusting that binding faith with just anyone? A friend of a friend, Uncle Joe’s distant cousin who just got her license and needs some money, or your co-worker who’s husband ‘does’ real estate on the side!

11 Questions You may Want To Ask a Real Estate Person BEFORE you start!

Why Not Own a London Ontario Condo?

Why not own a London Ontario condo, especially if you are paying rent over $850 per month!

Have you been renting your place for long?  If so, you have probably become intimately familiar with the disadvantages of being a tenant:  increasing rents, odours, uncorrected maintenance problems, and unsympathetic landlords.

Sound familiar?

Why, then, are you renting?  Others who have just purchased their first house or condo tell me they rented for three basic reasons:

  1. Lack of down payment money.
  2. Fear of not being able to qualify for a mortgage.
  3. Uncertainty of the benefits of home ownership.

As homeowners today, or should I say condo owners, they now realize their fears were groundless.  There are many mortgage options available and with today’s low interest rates, monthly payments, condo fees and taxes can be lower than the rent you are currently paying!

Does that not make sense?

If you want to own your own house or condo, call me today at 519-435-1600 or drop me an email, I will be happy to explain the benefits and make arrangements for a prequalification telephone or face to face interview with a mortgage lender or two.  They will be able to guide you and make recommendations so that you will be able to buy, even if it is 3-6 months from now.

Then, with your questions answered, and knowing where you stand, you will be free to make your house or condo buying dreams come true!

Why not contact me today?

Having Trouble Finding The Right Condo in London Ontario For You?

Would you like an  easy way to find all the  MLS condos or houses for sale in London Ontario & area?

Would you like answered these 3 very important questions before you buy?

  • What is the property worth in today’s market? (most important)
  • How flexible is the seller on the asking price? (very important)
  • What’s wrong with the property? (extremely important)

One Floor Condo Townhomes (Townhouses) in London Ontario

one floor condo in London Ontario

​And of course, if you want to see any property,  let me know the property you want to see, and I’ll work promptly & quickly to get a showing scheduled for you.

I have access to the lockbox of any property listed on the London & area MLS to let you in.

For a more precise search, such as by postal code or even draw your own map, go here.

 I have access to properties for sale that are not listed for sale on MLS (Property owners have asked us to help them sell, but there’s few days lag time before they are searchable on MLS or they are doing a few bits of tidying up)

London Ontario Real Estate Information

How Not To Overpay When Buying a Condo in London Ontario

How do you, a buyer of a condo in London Ontario, able to act quickly when the condo you like either has multiple offers or the threat of one?

Yes, the condo market in London Ontario is heated as these April statistics say it all.

Being prepared ahead of time is one thing you could do, the other is what I call market education. That means knowing what is on the market as far as styles, prices, neighbourhoods go. What will happen is that once you grasp what the condo market is doing, you can make a decision based on facts and not fear of loss or impulse!

Do not be lulled into complacency as the results can be you overpaying or choosing the wrong condo in London Ontario!