Sutton Group Envelope Real Estate Brokerage Inc.
Envelope Real Estate Brokerage Inc 181 Commissioners Road W London, ON N6J 1X9
Phone: 519-435-1600

Wortley Village Old South London Ontario Real Estate


 Wortley Village Old South London Ontario real estate sales from January 1 to October 7, 2018 saw 148 houses change hands through MLS at an average 102.49% of the asking price and median days on the market was 9!

  6 condos in Old South sold as well through our local MLS system, having a median 23 days to sell for a median 97.65% of the asking price.

 Scroll down this page and you can download the actual sales prices and how long your neighbour's house took to sell, find out who was telling the truth or not!

 As you can see, houses in Old South Wortley Village sell in a short period of time & in most cases, above the asking price! However, some houses took much longer to sell and in most cases , the cause was the condition, layout and, of course, the price!

  When buying a house in Old South, make sure your ducks are in a row, sometimes older homes can deplete your bank account or line of credit. Some houses, like people, are attractive from the outside but when you get to know more, leave you feeling depleted as well.

 

 The character and charm of this great London neighbourhood is what attracts home buyers and the people who do live in Old South love the ability to walk and shop in the Wortley Village core, with tree lined streets and very few  cookie cutter homes.

The Charm of Old South London Wortley Village          

 

Check out these homes for sale in Wortley Village & Old South London ON MLS

 

                         Wortley Village  in Old South London    

   Wortley Village is heart of Old South London. The unique village ambiance associated with Wortley Road is the result of a century of change and adaptation.An attractive commercial setting has developed into a unique shopping & dining area.

 Wortley Village London Ontario

 

 Near by is Thames Park, which provides recreational activities including  4 tennis courts, playground equipment, outdoor pool,  picnic areas, and access to London's riverside bike and walking trails.

 

   trails in London Ontario

 With some buildings over 100 years old, over 80 small businesses and establishments  and with an abundance of inviting parks, Old South is the only region in London which offers an enticing blend of history, shopping and nature in a few square kilometers.

 The homes in Wortley Village and Old South offer uniqueness, style and a neighbourhood belonging with quite a few events held yearly . The new YMCA has proven to be quite popular and another drawing card for Old South London

 The Old South Wortley Village Business Association does a fine job of hosting and presenting community events.

   Old South Wortley Village

 

                               A Map of Old South London Ontario

                                               Old South London Ontario Map

    All Houses For Sale London Ontario on MLS             All Condos For Sale in London Ontario & Area on MLS

   Other London Neigbourhoods


Old South London Wortley Village Real Estate


Old South London Wortley Village real Estate Numbers

  Our role  as real estate professionals is to provide clients with as much factual information as possible because when it comes to real estate, there are many biased opinions, false perceptions, unbridled optimism and misinformation .

  It is essential that a buyer or a seller be aware of all aspects of the real estate market before making a major decision.

 You can access these reports now!

Old South Wortley Village Condos That Sold January 1 to October 7, 2018 Through MLS
There were 6 that sold through our local MLS system, but, more have been built and are for sale now
Old South Wortley Village Houses That Sold January 1 to October 7, 2018
There were 148 of them, find out what they sold for on your street!
Step by Step Seller Chart
This simple, one page process chart starts with you thinking of moving and ends with you moving into your new place, hundreds of our clients have followed these steps, if you do too, it will make your life much, much easier!
Step by Step Buyer Chart
Follow these steps from starting to think about buying a condo to getting the keys from your lawyer to be able to move in. Miss any of these steps and you may have a few challenges!
Old South Wortley Village 2017 House Sales Analysis
This 8 page report includes the 225 sale prices Old South London & Wortley Village for 2017, such as asking price and sales price along with how many days they took to sell and percentages.
Old South Wortley Village 2017 Condo Analysis
This report includes the 11 sale prices of the condos that sold in Old South London & Wortley Village for 2017, such as asking price and sales price along with how many days they took to sell and percentages.

Old South London Wortley Village Home Seller Fears


   What are some of the fears when someone lists a home for sale  with a Realtor?

  For most, its worry about being locked into a lengthy listing agreement with a less than competent Realtor, costing valuable time and exposure on the market.

   Agreement for sale of a house in London

  

  • How quick will it take to sell?

  • How do I get as much money as I can for the house?

  • How do I avoid paying a huge commission fee and I don’t want to go to a discount, bare bones real estate brokerage or even to try to sell it myself?

 

 Over the years helping hundreds of home sellers successfully sell their home, we designed a series of check lists, a series on pricing, a series on the process and what to expect, from start to finish, the good and the bad. Our clients love it and I thought that you may as well.

 You see, we also work with hundreds of buyers as well and if you saw or knew what we see some sellers do or not do is amazing, and the unfortunate thing is, those sellers do not know they are not maximizing their sold price, their marketing and exposure of their home.

  Sell house London Ontario

   There are little subtle things that start to add up and if not checked in time, can mean the difference between your asking price & actual sale price and how much longer it will take your home to sell, not sell or unecessary problems that can occur!

 Before selling your home in London Ontario & area up for sale, learn how

 Shouldn’t I pick an “area specialist” to sell my home?

   There are Realtors who focus primarily in one geographic are or neighborhood. But buyers come from all over the city and in some cases, all over the province, not just from that small neighborhood. So an area specialist usually really means “listing agent” in the area.

 But MLS, social media, the web and phones have changed that aspect of the real estate business. Now the important points in selecting a Realtor are experience, track record, technology and marketing skills.

   Also, buyers do not care whose sign is on the lawn, they want to see your home. Oh, the one that amazes me the most " I live in the neighbourhood" . So what, so do children, just because a Realtor lives in the neighbourhood does not make them an expert or a seller of houses.

  'What do you call a doctor who finished last in medical school? Doctor

  

 


Extra Costs When Buying a House in Wortley Village


    When Buying a House in Wortley Village in Old South  London Ontario, You Will Have Some Extra Fees To Pay.

  It will take much more money than just the purchase price of the property, and not the  things like moving costs, furniture, paint, rakes or shovels, blinds and all the thing most of us never even think about!

  I’m talking about the actual costs of buying real estate, below are some costs, either hidden, or included in your mortgage or money that you will have to spend right away. Of the hundred’s of transactions we do, very few people even take these into consideration.

 Now, you can!

it takes more money buying a home

  Purchase Price
duhhhh! you say, of course, but this is just the starting point in your calculation.

  Registration Fees
 Fees paid to the provincial government for recording a title transfer, mortgage registration or other instruments.

  High Ratio Insurance (CMHC)
 Must be purchased if you are buying a home for less than 20% down. A sliding fee scale applies, depending on the percentage of the purchase price required in a first mortgage (some minor exceptions) which can be added to the mortgage. More information.

  Compliance Letter
 Obtained by your lawyer and required in many municipalities throughout Canada before a property transfer can take place. This is an acknowledgment from the building department that the property either has, or is clear of outstanding work-orders. Work-orders are specific clean-up or fix-up requirements that the owner is legally required to do, and which must be completed before ownership can be transferred.

paperwork for buying a house London Ontario

  Tax Certificate
 Obtained by your lawyer at the time of sale to confirm that local taxes have been paid and are up-to-date. If they are not up to date, the seller is required to pay them from the proceeds of the sale. If there are insufficient proceeds, then you may be legally required to pay the outstanding taxes. If, on the other hand, taxes have been prepaid, you may have to compensate the seller for them.

   Provincial “New Home Warranty Program” premiums — New Homes Only!
 A third party (provincial) warranty program between a builder and a buyer. With the exception of Ontario and Quebec, membership in such a program is voluntary for the builder. Through these programs, your home is guaranteed against defects for at least one year.  See Tarion. 

   Mortgage Appraisal and Application Fees
 Application feees &  appraisal fees are common. Generally $150 — $235 each would apply. (Be careful here, ask your lender what the fees are and if they can waive some or all of it)

  Home Inspection
 A report commissioned by you, the buyer, usually to verify the condition of a property prior to the “firming up” of a purchase agreement. The scope and detail may vary, but most reports outline any particular problems and associated repair costs. Unfortunately, home inspectors in Ontario are not licsenced!

   Land Survey
  The legal written and/or mapped description of the location and dimensions of your land. The survey should also show the dimensions and placement on the lot of any structure, including additions such as pools, sheds and fences. An up-to-date survey is often required by a lender as part of the mortgage transaction, although Title Insurance is more prevalent and is usually included in your lawyer’s fee.

  Title Insurance
Title insurance can be purchased by home buyers to protect against potential deficiencies in a number of areas, such as the land survey.  More about title insurance.

  Connection Charges
Some local utility companies (hydro, gas, oil) charge a fee on closing to connect new buyers up to their service. More common, however, is an extra charge on the first billing.

property taxes in London Ontario

  Property Tax and Prepaid Utilities Adjustments
  If the previous owner prepaid property taxes or other utilities, they will be credited the prepaid portion on closing. If they paid all their taxes by April, expect a large adjustment cost on closing!

  Interest Adjustment 
If you arrange to make your mortgage payments monthly on the first day of the month, and your transaction closes after the first day of the month, your lender will charge you interest on closing to the next interest date, called the Interest Adjustment Date (IAD), when your payment cycle will commence. This can be a sizeable amount, but it is the correct interest you should pay. For example, close on June 15th, pay 15 days interest on closing and start payments on August 1st.

  Property Insurance

  Home insurance covers the replacement value of your home (structure and contents). Your lending institution will request proof that you are insured as it protects their investment on the loan.

 Legal Fees

Shop around here; rates vary depending on the complexity issues or experience of the lawyer or the cost of their overhead and associates.

  Mortgage Loan Insurance Fee

In the event of disability or death, your insurer will pay your mortgage or mortgage payments. *** Be very careful here; compare rates with your lending institution and your life insurance sales person.

 Mortgage Broker Fee

Shop around; most lending institutions will pay the mortgage broker’s fee, not you. Ask up front, “Do I have to pay any fees by using your services?”

 Mortgages & Buying real estate London Ontario

 Moving Costs

$80-$100/hour for a truck and 3 movers, 10 –30% higher at end of month and other peak times

 Maintenance Fees

Condos charge monthly fees and vary depending on the building.

 Local Improvements

 If the area you are moving to has made local improvements (such as sidewalks or addition of sewers), this could impact a property’s taxes by thousands of dollars.

 Land Transfer Tax

 This tax is applied whenever property changes hands and the amount varies on the purchase price of the property. Your lawyer or I can let you know what this amount will be. More info.

 Congratulations, you’ve read this far! Believe it or not, you are a minority and the type of person we like to work with, thorough, willing to learn, careful and prudent!

 As you can see, there are extra costs to consider before you make that purchase. By working with a very good Realtor, you will be aware of these and some you may prevent.

  We use a spread sheet that we developed that comes pretty close to giving you an idea of how much extra you may need when buying a home in London.

 Do not stress yourself out! Be prepared! Let us organize your steps towards getting the house you want!