330 Ridout Street North London Ontario
This luxury condominium building at 330 Ridout Street is in downtown London Ontario, steps away from fine dining, theatre, the Budweiser Gardens and Covent Garden Market and called The Renaissance ll, which has 188 suites on 28 floors, one and two-bedroom units & 21 penthouse suites overlooking the city’s core.
- There are three high-speed elevators.
- The residents’ lounge features a wet bar with stylish, comfortable furnishings and plenty of room out on the landscaped terrace, all on the seventh floor.
- Hollywood-style screening room with a projection screen featuring surround sound, Blu-ray player and comfortable theatre-style seating.
- Library Room
- The fitness centre features state-of-the-art workout machines, free weights plus space for stretching and meditation.
- A fully appointed guest suite is available for overnight and out-of-town guests.
- There are secure underground parking and common amenity areas protected with 24-hour security.
- High-definition colour security cameras are stationed at all entrances and include night-vision and live-time recording to a DVR system.
- Camera systems monitor visitor and delivery arrivals, all viewed from your in-suite televisions.
- The spacious underground parking garage is designed to ease access and traffic flow, and increase resident security.
- In 2019, 19 apartment condos were sold at 330 Ridout St, sixteen 2 bedroom residences from $385,000 to $800,000, one 3 bedroom apartment at $645,000 and two 1-bedroom apartments, one at $317,750 and the other $339,000. The norm for a sold unit is 10-35 days, however, eight of the apartments that did sell took 50 or more days to sell! This is another indication that marketing, negotiating skills and pricing are very important and why savvy sellers employ condo professionals to sell their apartment, not a generalist.
If you need surgery, do you go to a general practitioner or a specialist?
- In 2018, 17 residences sold, four one-bedroom apartments from $290,000 to $325,000 and thirteen two-bedroom units, ranging from $389,000 to $519,000.
- In 2017, 20 apartments units sold through our local MLS, eleven 2 bedroom apartments from $278,000 – $455,000. Nine 3 bedrooms from $385,000 to $720,000
- The Vienna is a one-bedroom +den 935 square feet with a 75 square foot balcony available on floors 8-23
- Valencia is an 1130 square foot 2 bedroom with a 74 square foot balcony on floors 8-23
- The Roma is 1549 square foot 2 bedroom + den, two bathrooms with a 184 square foot balcony available on levels 7-23
- The Penthouses have various layouts and are available on floors 24-28.·
The 12 Step Condo Seller Best Practices
Regardless of the present condominium market, (which is quite good, by the way!) to maximize your condo’s selling price there are steps you can take to ensure that your condo sells in a reasonable time, reducing stress and maintaining control.
1 Keep the reason you are selling to yourself and your professional condo lister.
Do not reveal your motivation for selling to anyone else because they may use it against you at the negotiating table. When asked, say that your housing needs have changed.
2 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 your price
The average buyer will look at 7-12 homes before making a decision. That buyer will now have a basis of comparison, and if your condo does not compare favourably with others in the price range, you will not be taken seriously by prospects or their sales representative. The result can be that your condo will sit on the market for quite a while and knowing this; buyers will think there is something wrong with your condo.
4 Oh no! More homework!
(An excellent professional condo lister should do this for you) Find out what condos in your neighbourhood have sold for in the last 6-12 months, and what is now listed for sale and at what price. That is how prospective buyers and their Realtor® will assess the worth of your home.
5 Maximize your condo’s potential
You may not be able to change your condo’s location or floor plan, but you can do a lot to improve its appearance. The look and feel of your condo generate a more significant emotional response than any other factor. Before showings, pick up, straighten up, unclutter, scrub, scour and dust. Present your condo to get a “WOW” response from prospective buyers. Allow the buyers to imagine themselves living in your condo. The decision to buy a home involves emotion, not logic.
6 Choosing a Professional condo Lister
The person you choose to market your home are partners with you and as you know by now, not having the right partner can be costly and time-consuming!
7 Make it easy for buyers to get information on your condo, 24 hours a day, seven days a week.
Buyers are 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 your real estate person or that some of the information in your listing is incorrect. Over 97% of condos are previewed over handheld devices, smartphones, tablets and desktops! Make sure who you choose to market your condo has a presence in all four models!
8 Try not to leave the condominium empty.
Studies have shown that it is more difficult to sell a condo 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.
9 Deadlines can be a serious detriment
Don’t try to sell by a specific date. Deadlines can add real pressure on you and even harm your negotiating strength.
10 Keep emotions in check.
Do not be offended by a low offer or specific demands from a buyer. A professional condo lister can turn negatives into a positive. You may have an advantage over others who get caught up emotionally.
11 Be wise-disclose
Be proactive, by disclosing any problems or defects; you are giving the potential buyer confidence that you are not hiding anything. Disclosures will prevent any liability or legal issues to follow. I even get a status certificate and pay for it so that a buyer and their lawyer do not have to wait ten days to say yes or no, and for my clients, we cut down on the limited time or eliminate it altogether.
12 Ensure your offer is correct and complete
Ensure that all terms, conditions and responsibilities are spelled out in the offer and that you fully understand them. A professional condo lister will take the time to educate you on the circumstances and terms and will insert additional clauses if required to protect you further.
One of our company’s principles is that we take the time before we start to market the home to discuss and review the pros and cons of different strategies and walk you through the steps of the selling process so that you are comfortable and more knowledgeable.
Over the years our clients have said they were more at ease with the process and extremely pleased with the results!
He or She Who Has The Answers For All Of The Following Will Get The Best Apartment, The Best Price And The Best Sleep!
If you are thinking about buying a condo in London Ontario or area, be it a townhouse, townhome or an apartment condo, do you feel you know everything there is to know about buying one?
Or, were you going to wing it or have just any Realtor drive you around and then you buy one? Sounds foolish? What do most people do? Yes, you are right!
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 Want To Know.
- We Will Show You Reasons Why You Should Not Buy a Car or Furniture Right Before You Buy a Condo.
- Five Strategies You Can Use To Never Ever Overpay For a Condo.
- What About Getting a Home Inspection For A Condo? Do I Need One?
- How Credit Reports And Credit Scoring Affects How Much You Can Qualify For & Able To Buy
- What Pricing Strategies Are Sellers & Their Realtor Using To Get You To Buy?
- We Will Show You 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.
- Is There 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!.