The Average Days it Took For a Condo Sell in 1600 Adelaide Street North Was 54 Days in 2016!
Why so long?
Successful condo sellers will tell you that listing a condo (is far different than listing a house for sale) will take more than just putting up a For Sale sign & putting your condo on MLS, then praying and wishing it will sell, anybody can do that!
Contrary to popular belief, when selling your London Ontario condo its value is determined by one thing and one thing only - what a qualified buyer is willing to pay for it. No more and no less. Sure, many sellers will argue that their condo has an insurance replacement value, or an appraised value, or a tax assessed value, but unless your insurance agent, your banker, or your tax assessor is willing to write you a cheque for the condo - guess what?
None of that matters.
A home without a buyer has no value in the market place. Sure it might have a value to you the seller, and it might have a value to your banker, and to your insurance agent, and to your appraiser. But none of these people are buyers.
The secret to pricing your condo to sell
It's not what you think the condo is worth that matters, it's what a reasonable buyer will think your condo is worth that will ultimately determine if your condo will sell.