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

UpscaleTownhouse For Sale in Stoney Creek London Ontario

Photo Link
Quality Finishes Through Out for this great 3 bedroom, 2 1/2 bathroom townhouse for only $259,900 and located at 1921 Father Dalton Ave in London Ontario

What a fabulous split level condo townhome with 3 bedrooms and 2 1/2 baths in the Stoney Creek neighbourhood of London, close to great schools, the Y and plenty of shopping.

This unit has some recent upgrades, such as new hardwood through out, paint and trim, carpet in two bedrooms, new stove and dishwasher, back splash in kitchen. A raised deck off the kitchen eating area is a very nice touch for relaxing or that BBQ dinner.

A beautiful bright and eat in kitchen, built in computer work station and on the upper level is the huge master bedroom with an ensuite.

The lower level has a nicely finished rec room, utility and laundry with lots of storage. 6 appliances, central vacuum and all window covers are included. A real pleasing, warm, family home, lots of guest parking.

This is a gem, there will be an Open House on Sunday July 9 between 2-4 and offers will be presented at 6:00PM that day.

Property 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!

Cosigning a Loan To Buy a Condo in London Ontario?

What are the consequences if your daughter and her husband want to buy a home, but recently asked you to “Co-Sign” on the loan?

Cosigning a loan for a condo

There’s nothing wrong with helping a family member or close friend with buying a home.  However, co-signing on a loan should be done with great care and knowledge of the consequences.  Co-signing means that you are extending your personal credit for the benefit of someone else.  Problem is, if the borrower defaults, the lender will look to you for full repayment.  So you’re not really a co-signer, you’re a co-debtor.  Here are a few tips that may prove helpful when co-signing:

Although you’re co-signing, make sure your co-borrower is putting cash into the transaction.  The more they put in, the lower your risk.

Obtain a credit report on the person you’re co-signing for, even if it’s another family member.  If they’ve defaulted on other debts, there’s a good chance they’ll default on the debt you’re co-signing.

Ask the lender to release you from the loan when the principal balance is reduced to a certain amount.

Examine how your credit rating and ability to borrow will be impacted.  Co-signing on a loan can sometimes impact your ability to get financing if you need it.

Make sure your name is listed on the deed as a co-owner.  And by all means, speak with a good real estate lawyer.

If your son or daughter separate, who owes what on the home? You could end up buying out one or the other.

If the home is sold, will you share in any appreciation or gain in value?

These are only a few of the consequences let alone the dis-harmony between families or a friend. I have advised and helped many families over the years, so not only is a competent lawyer and lender required, but a real estate person with your interests in mind.

Let me share my experience with you.

Reading This Will Cause Your London Ontario Condo To Sell

I read that most people spend more planning a vacation than their financial future and as a Realtor, I can say most people do not spend enough time planning the sale of their condo!

Focus sells condos

Oh, they may read articles about staging, lighting, maybe even search properties on line and then , that is it!

Very little planning is done about how the condo could be marketed better, when it should be marketed, who will market it, what skills do the people you choose to help have, including your lawyer, a listing Realtor who has experience with condos, perhaps even  your finacial advisor or accountant.

 Here are some free links to help nudge you toward making wise decisions!

Pine Valley Condos London Ontario in Demand

The one floor Pine Valley Condo town homes (townhouses) in London Ontario are highly sought after because of the location and the size of the units.

There are 4 clusters of these on Pine Valley, being:

Starting in the $260’s, they offer one of the best values in London Ontario. At present, with the demand for one floor condos being extremely high, there are none available for sale, but stay tuned, I have a few coming up soon.

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:

Great Tips Buying a London Ontario Condo

  Condominium living is a popular option for many as it can be a relatively carefree housing option and London Ontario is no exception and by following these tips, it will definitely be carefree!

happy condo buyers 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.

  Millennials buying 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 Condos in London guide is 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.

Cadeau Terrace Condos in London Ontario Sales 2016

2,5,6,7,9,10,14,18 Cadeau Terrace is an  adult orientated condo community  in  Byron, Warbler Woods neighbourhood of London Ontario. Most of these one floor condominium town homes  have a double car garage and some backing on to green space.

Cadeau Terrace  Condos London Ontario

An excellent quiet location for nature lovers, golf enthusiasts and for those who travel and would like a safe upscale neighbourhood. depending on the Cadeau Terrace address, some of these are detached with walk outs.

A very well maintained area, easy access to shopping, services and downtown London located off of Commissioners Road West.

 2 Cadeau Terrace 75 Units 

5 Cadeau Terrace 48 Units 

6 Cadeau Terrace 13 Units

7 Cadeau Terrace 34 Units

9 Cadeau Terrace 39 Units

10 Cadeau Terrace 9 Units

14 Cadeau Terrace 36 Units

18 Cadeau Terrace 43 Units

These are all the condos & houses currently listed for sale on MLS in Byron.

                        

                         Average Prices as per MLS

Address 2015  2016
2 Cadeau $289,788 $334,400
5 Cadeau $294,600 $315,000
6 Cadeau $358,900 $313,750
7 Cadeau No MLS Sales $274,250
9 Cadeau $265,000 $278,000
10 Cadeau $369,900 No MLS Sales
14 Cadeau $360,167 $330,000
18 Cadeau $314,199 $344,950

Note: When you see a large spread between the 2015 prices to 2016, there can be many reasons for such an increase or decrease from year to year. There is no question that demand and appreciation have an effect, but also condition of the property, location, updates and the motivatiion of both the seller and the buyer.

For my clients I do a detailed comparison to explain why!