Spring Real Estate Market London Ontario
The London Ontario real estate market is the most active I’ve seen – ever.
This isn’t a 2008-2009 bubble, either – loan standards are high. This is genuine buyer demand.
Last year as of April 9, 2021, there were 1,399 active homes for sale here; now, only 580. That’s crazy.
We just helped a buyer secure a 1.38% 20-year loan, too. They were 18% in the 1980s!
If you are thinking of selling your London area home this summer, you will likely get the highest price ever for your home. These past three months in the London area we’ve seen the average sales price rise to 36.2%!
With this shortage of homes, home buyers arewilling to pay “whatever it takes” to get into a bigger house in a desirable location since so many people are working from home.
It will give you a very accurate idea of what your home would sell for based on your neighbours’ recent home sales – we pay a lot of money for this tool, and it’s accessible to you.
However, the #1 concern I’m hearing from our clients is, “Where will I move if I sell now?” We have the exact solution to this very problem – few people know about it. We have lenders who can likely get you a “bridge loan.” For a few thousand dollars of interest or less (well spent), you can get cash upfront to buy your next home now – without selling your current home first. Yep, it’s possible to sell your house after buying now.
This way, you can make an all-cash offer to beat out everyone else (who are subject to getting a mortgage) and skip the hassle of timing your closing dates. You move into your new home, and then we sell your home – it’s what the super-rich do, now it’s possible for you.
This is how intelligent sellers are buying their next home in this hot market. You get the certainty of buying the new home you want first and then selling your old one.
If you’re thinking about selling your home this summer, please let us know – we can point you in the right direction of what you need to do now to make sure it’s a painless experience, and you sell your home for the highest possible price.
We know exactly what buyers are looking for – and with a few cheap improvements now – we can likely add thousands of dollars to your sales price.
Things are looking up after a crazy year this past year.
We are here to help.
Thanks for reading !