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

Hyde Park London Ontario houses & condos are located in a neighbourhood 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. 

In the first six months of 2020, 101 houses in Hyde Park were sold through our MLS system, the lowest being $285,000, the highest $725,000 and taking 15 days on average to sell. For condos and townhouses, 43 changed hands from a low of $250,000 and up to $527,000 and taking 15 days to sell. Both houses and condos sold for asking price or above.

 281 houses were sold through MLS in the Hyde Park London Ontario neighbourhood in 2019, from a low of $238,000 and as high as $825,000, taking about 30 days to sell for 101.65 of the asking price.

For townhouses and apartment condos, 106 changed hands in 2019, from a low of $235,500 and up to $630,000, selling for 101.66% of the asking price and on the market an average 26 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,  including apartment-style and townhouses 98 sold in 2018, 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 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 more, 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 see daily, you most likely would be shocked! 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 unnecessary problems that can occur!

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