Hyde Park London Ontario Houses & Condos Not All Realtors Are The Same

For townhouses and apartment condos, 89 changed hands as of November 2, 2019, from a low of $235,500 and up to $630,000, selling for 101.87% of the asking price and on the market an average 27 days!

   In 2018, 245 houses in Hyde Park sold for a median price of 102.19% of the asking price and these took about 22 days to change hands at an average price of $429,302.

For condominiums in Hyde Park, 98 sold in 2018, including apartment-style and townhouses for a median price of $299,553, which was 101.54%  of the asking price and took about 25 days to trade.

  When we see less than three weeks on the market for a home to sell, and sold prices being close or above the asking price, that means it is a seller’s market in London and especially this neighbourhood.

Hyde Park London Ontario real estate sales in 2017 set a record for home sales with 300 houses selling through MLS for 103.07% of the asking price and on average, taking seven days to sell!

 One hundred twelve condominiums in Hyde Park sold, average 100.04% of the asking price and the median days these took to sell was only 15 days!

Hyde Park is a neighbourhood located in North West London, with  Fanshawe Park Road West to the north Hyde Park Road & Sarnia Road centres the area and east of Wonderland Road north, all the way to the south-west corner of Oxford Road W. 

 Hyde Park Neighbourhood as per The City of London  

        Buying a House In Hyde Park London Ontario

As a home buyer in London, Ontario and area, being your first time or your 5th, most buyers face at least one of these situations.

•  You’re looking to make one of the most important purchases of your life, and you don’t want to get burned because of not knowing whom you can trust, or making a mistake that could cost you thousands of dollars later.
• You think you know the values in the marketplace but are not sure. You know how much you are pre-approved for, but you don’t want to go that high. What you really would like is to be assured of getting the most that you can for your money, without having any regrets after your closing.
• You are feeling out of control because there are so many unanswered questions you do not have answers for, thus making it hard to know where to start.

     Is there a more natural way? Not really! I believe these are all prime concerns because you are spending hundreds of thousands of dollars. You should be very cautious about how you proceed.

There is no need for a buyer to have this uncertainty and fear of the unknown. If you take a deep breath and get the facts and not opinions on price and neighbourhoods around London, Ontario, the home buying process will at least be more transparent.

Basing your decisions on logic and controlling your emotions goes a long way in ensuring the home you buy will be a wise financial decision. The hundreds of buyers we have helped sure think so because they told us.

Does it not make sense that for you to make one of the most critical decisions in your life, you may want to be well informed and protected?

 What Price Do You Pick When Deciding To Sell A Home in Hyde Park, London, Ontario?

   What price do you choose when deciding to put your house or condo for sale on MLS? I won’t go into the debate about “free advice,” you know what I mean, your hairdresser, co-worker, Uncle Ted, who knows everything about everything, your financial advisor, or the “Free Market Evaluation” postcard or online generalities you get bombarded with every day.

 Below are a few things you may want to give considerable thought to:

• Not choosing the right price when a property is first listed. In other words, thinking, “We can always come down.”
• Putting the property on the market at an unrealistic price for your neighbourhood should be priced on a comparative basis to the other similar features. (I should add, everyone thinks their home is different, but buyers and their Realtor do not think so.)
• Not relating the time your house will take to sell compared to the price you want. Generally, the quicker you want to sell, the less you should be willing to take.
• It is calculating brokerage fees on top of the sales price. A home is worth what it is worth, with or without a commission.
• Thinking that buyers aren’t comparing your home, on a dollar-for-dollar basis, with every other house on the market
• Do not add up all your credit card debt, car loans, a line of credit, mortgage, that one-month luxury cruise and then $20,000 just for the heck of it, and that is the price! (Think I am joking here, I was on a listing presentation, and the amount they wanted was to be able to do the above. First off, I did not take the listing because they wanted $66,000 too much, plus, they went through 3 Realtors and ten months and got $81,000 less than their original asking price!)

  There is a better way!

Over the years helping hundreds of home sellers successfully sell their home, we designed a series of checklists, a set 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 might as well.

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

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