12 Tips To Sell Your London Ontario Condo

Even though houses in London Ontario are selling quite well,  36% of London Ontario condos and houses listed in the London area take over 60 days to sell or not sell at all!

To maximize your home’s selling price there are steps you can take to ensure that your home sells quicker, reducing stress and maintaining some control of one of your largest financial decisions in your lifetime.

Home not selling

Keep the reason you are selling to yourself and your Realtor.

Do not reveal your motivation for selling to anyone else because they may use it against you at the negotiating table. When asked, just say that your housing needs have changed.

Different goals will dictate different strategies.

What is more important to you: the money you walk away with or the length of time your property is on the market or both?

3 Do your homework before setting a price.

The average buyer will look at 15-20 homes at the same time they are looking at yours. That buyer will now have a basis of comparison, and if your home does not compare favorably with others in the price range, your home may sit on the market for a longer time.

More Homework.

 (A good Realtor should do this for you) Find out what homes in your neighbourhood have sold for in the last 6-12 months, and research what current homes are listed for. That is how a prospective buyers and their Realtor will assess the worth of your home.

Maximize your home’s sales potential.

You may not be able to change your home’s location or floor plan, but you can do a lot to improve its appearance. The look and feel of your home generates a greater emotional response than any other factor.

101 Ways To Sell Your House in London Ontario

Deciding upon a Realtor

You and your Realtor are partners in marketing your home. Choose carefully and wisely.

Make it easy for buyers to get information on your home.

Buyers calling for information on your home value their time as much as you do. They also do not want to be hassled or frustrated because they cannot get a hold of the listing Realtor or some of the information is incorrect.

Do not move before you sell.

Studies have shown that it is more difficult to sell a home that is vacant because it looks forlorn, forgotten and simply not appealing. As well, buyers may think because it is empty, you are motivated to sell fast and for a lower dollar.

Deadlines create a serious disadvantage.

Don’t try to sell by a certain date. This adds unnecessary pressure and is a serious disadvantage in negotiations.

10 Keep emotions in check.

Do not be offended by a low offer or certain demands from the buyer. A good listing salesperson can turn these negatives into a positive situation.

11 Be a smart seller- disclose everything.

Be proactive, by disclosing any problems or defects you are giving the buyer confidence that you are not hiding anything.

12 Make sure the contract is complete.

Ensure that all terms, conditions and responsibilities are spelled out in the offer and that you fully understand them.

.do not sign anything without checking first

All the above steps , though simple and easy to do, are not often done, perhaps because they are so simple and easy to do.

From experience, my clients have commented that thoroughness in getting their house sold and the systems I use were outstanding! (Their words, not mine!)

 Would you like to discuss how to maximize the price of your home?

Sunningdale London Ontario Real Estate Prices

    The first 6 months of 2017 for houses in the Sunningdale neighbourhood of London were quite volatile with 47 houses changing hands for an average selling price of $815,863 which was close to the asking price and the same for the 37 condos that sold for an average $463,555 , all taking about 30 days to sell!

The Sunningdale neighbourhood in London is reflective of the torrid pace of sales throughout London Ontario and the rise in prices.

Will it continue?

 

Search houses for sale Sunningdale London Ontario on MLS

2016 Numbers

75  houses in Sunningdale in London Ontario were sold in 2016 (same as in 2015)for as low as $410,000 to $866,000 and these sold for 98.6% of the asking price on average  and these took about 32 days to change hands!

31  Sunningdale condos were sold through our local MLS real estate board starting from $259,000 and as high as $629,000  which avearged 99.1% of the asking price and  took about 49 days to sell.

In 2015

  75 houses were sold on MLS in 2015 for an average price of $618,674 which was 98% of the asking price and these were on the market an average 68 days!

  19 condos changed hands at an average price of $368,408 and these were on the market an average 50 days and sold for 2% less than the asking price!

            one floor condo in Sunningdale in North London          A beautiful Sunningdale home in North London

    The Sunningdale neighbourhood is located in North London bordered by Fanshawe Park Road West, Richmond Street, Sunningdale Road West and Hyde Park Road and includes Medway Park and Hyland Estates.

   A very short drive to the Masonville shopping area and dining and the big box stores in Hyde Park. Easy access to the University of Western Ontario (UWO or Western), it’s hospital and nearby  research centre.

    5 minutes to downtown London and quick access to great beaches along Lake Huron such as Ipperwash, Pinery Provincial Park, Grand Bend, Bayfield and Goderich.

  The houses and condos in Sunningdale are tastefully laid out with many enclaves and one of a kind homes.

 

 Sunningdale Google Map

Other London Neigbourhoods

50 Nortumberland Road London Ontario Town Homes

In the last 6 months, 6 town homes at 50 Northumberland Road have sold, one for way over asking price and the other 5, close to asking price.

Yes, the demand for quality town homes is strong and with more buyers than sellers, prices are rising and most good properties, if priced correctly, are getting multiple offers.

The key words, ‘priced properly’ is paramount to ensure a smooth and quick sale and of course, the marketing of your home.

Just putting a sign on the property and putting it on MLS is not enough to attract that discriminate and capable buyer for your unit. You can have the nicest billboard in the world but if it is stuck out in the desert where nobody can see it, what good is it?

In a nuttshell, a skilled and focused approach will get results and after many years of getting results for my clients, there is no reason I cannot get results for you.

There is a huge difference between listing a home for sale and selling a home, that difference is your money, period!

Contact me or give me a call at 519-435-1600 for my exclusive home value analysis, a room by room review and valuation, a thorough process that has proven to get results.

By the way, you do not have to sign anything, you are under no obligation and you will not be given any sales pitches, just a one on one valuation that when I leave (45-55 minutes), you decide who will best be the one to market your home.

Townhouse Condos in London Ontario Are Selling Quickly!

When thinking about selling your townhouse in London or South West Ontario, where do you start? When do you start?

How would you feel if you knew some surefire ways to prepare before selling a condo, if you knew about the timely steps to take, the questions to ask, the caveats to be aware of?

This unbiased real estate white paper will get you thinking and keep you on track before, during and after you list your condo for sale.

Here it Is!

 

Over the years I have helped hundreds of condo owners sell their properties and most, if not all, had fears, some had poor perceptions or even false information and all had concerns about pricing , how long will it take, what will it cost and choosing the right brokerage and representative to help.

In this report I prepared,  you will learn and read about the proven methods of getting what you want when you sell your condo in London and a few things to be cautious about and how to know and judge for yourself that the choices you are making are right for you.

Choices in Real Estate

Choosing to choose is a mantra that successful people have used for years which translates into the fact that all the results we get are from our choices!

If things go right or wrong you:

  • Chose the listing price of your condo (or you agreed to what your sales person said the price should be, but it still was your choice)
  • Chose the real estate person to represent you
  • Chose how you wished to be treated, responded to
  • Chose the condition of your condo when it is on the market, the tidiness, cleaness and upkeep

 

Why I Sell Condos and Do Not Just List Them, a Huge Difference !

The condos & houses we list typically sell for more and quicker than the average Realtor because of effective marketing.

We accomplish this first by doing a supply/demand analysis in the immediate area for any home we consider marketing.

All Realtors have access to the same market information; it is the valuation and experience of what that information means to the marketing of a home that matters.

X-rays mean nothing until they are evaluated by a competent physician. Similarly, knowing what the market is doing affects both the marketing time and value

Not sold yet in London

A professional champion real estate lister will not let you gamble with your largest investment of your life, will not give you false hope or convince you to take what could be a very expensive risk on your part.

A true professional will explain the pros and cons of the options available and if you choose that professional, your condo will sell for the market price in the time frame you want and you can move with confidence.

Again, choose wisely!

Once you understand these important issues, you’ll know how to price and sell your condo for the fastest, most profitable sale.  Also, with this information, you’ll never pay too much for any real estate you ever buy again for the rest of your life.

 Read More:

Detached Condos in London Ontario

  What are detached condos ?

 Detached condos in London Ontario and area may look like single-family homes, they can be one floor bungalows or ranches or  two story homes but with condo community rules and regulations.

detached condos in London Ontario

There are technically 5 types of condos but most detached condos are vacant land condos, leasehold or freehold, this 4 minute explanation of the last 3 can be found here.

Detached condos give buyers the single-family homes they want and in some cases can eliminate exterior maintenance chores, just as with traditional condo townhouses.

In most detached condo communities each owner is responsible for their own interior maintenance.  Exterior building maintenance, such as windows, roof and ground maintenance in a detached condominium community may or not be the responsibility of the condo association. However, some detached condo communities may require each condo owner to see to her own exterior maintenance issues. As with all condo corporations, detached condo require monthly fees as well and are usually less than traditional townhouses.

Many detached condo communities have individual units that appear identical on the outside, while a few allow different designs. Detached condos are also similar to traditional condominiums in that they’re less expensive compared to actual single-family homes.

Like all other types of housing, detached condominiums come with advantages and disadvantages. Beside their relative price advantages, detached condos usually offer the safety of gated or controlled communities and normal condo amenities such as recreational facilities or a clubhouse.

Detached condominiums are a way to buy relatively more home for less money than compared to single-family homes.

London Ontario has quite a few detached condo communities with some having a low fee of $50-$150 per month with the condo owner being responsible for the roof and windows while the rest of maintenance is covered by the condo corporation.

As is the norm, real estate prices in London are very attractive and detached condos in London start as low as $310,000 and as high as $1,150,000. At present there are 37 detached condos in London Ontario for sale including new and re-sale.

Buying or selling a detached condo will require more diligence from you, your lawyer and your Realtor, choose the last two carefully!