600 Talbot Street London Ontario


        600 Talbot St London Ontario is a 104 unit  high rise condominium apartment building in downtown  London Ontario near trendy Richmond Row. Great dining, entertainment, theatre and Harris Park with access to walking and biking trails.

  This recently upgraded building has underground parking and lots of guest parking. The building has an exercise room, party room, indoor salt water pool, sauna and storage lockers are available.

  • 2016 1 bedroom average sale $165,000

  • 2016 2 bedroom average sale $203,750

  • In 2015, there have been 6 sales, averaging $121,000. These owners discounted the special assessment and wanted out and I and my client have purchased two of those as we believe the location and convenience that this building offers will bold well for the future. Now that the work has commenced on the building and the special assessment can be paid monthy, expect prices to get back to the market price again.

  • 2014 was an anomaly in this building with price of two bedroom units as low as $112,000 and as high as $214,500! Obviously the condition of the individual units makes a huge difference and the motivation of the seller!

  • The special assessment will be on average a little over $21,000 per unit and the work to be done will allow this building to keep it's charm and a desirable building to live in.

  • The condo fees of $445 plus the upgrades the building is under going makes a difference as well. The building looks great, has a new management company and the location in London is very convenient. 

  • 2013 1 bedroom average price $163,900

  • 2013 2 bedroom average price $204,900

  • 2013 3 bedroom average price $349,000

  • 2014 was an anomaly in this building with price of two bedroom units as low as $112,000 and as high as $214,500! Obviously the condition of the individual units makes a huge difference and the motivation of the seller!

  • The special assessment will be on average a little over $21,000 per unit and the work to be done will allow this building to keep it's charm and a desirable building to live in.

  • The condo fees of $445 plus the upgrades the building is under going makes a difference as well. The building looks great, has a new management company and the location in London is very convenient. 

  • Google Map

 


Condo Apartment Buying in London Ontario? Some ideas


   Buying a condo in London Ontario can be an emotional experience. It can also be time consuming and comes with a myriad of details. Sometimes  buyers get caught up in the excitement of buying a condo & tend to overlook some items and their condo purchase  could turn into an expensive process! These unhealthy events to your bank account and stress level generally fall into three areas:

                          The wrong condo in London Ontario

  • Paying too much. (Remember, price is what you pay, value is what you receive!)

  • Not getting the condo you really like because another buyer saw it first 

  • Moving in and finding out later that the condo you bought is not for you.

    I have found over the years that using a systematic plan before you even start the process, ensures a successful transaction and a pleasant experience from start to finish! Here are some of the steps in this plan that I use with all my clients, they love it!

  • You never make an offer without sufficient factual information.

  • What is the right condo for you?

  • The many hidden costs when buying a condo

  • 17 Steps to ensure you do not rush the closing, this is where 88% of mistakes happen!

 

                                                  happy buying a condo in London

 

            The above ideas are actually the tip of the iceberg, below the surface there is a lot more to buying a condo than most people realize. In a recent survey, 77.8% of Canadians either paid too much for their condo or made a huge mistake somewhere in the buying process!

     Do not be that 77.8% group!

 

Why Some Condos in London Did Not Sell


  The reason reason some condos and houses  did not sell may not have anything to do with your home or the market activity. In reality, your condo may have been one of the more desirable properties for sale                                   

Your condo in London did not sell

 Below are some of the reasons properties do not sell.
 

  • You missed marketing opportunities that are proven that they work to sell homes in London Ontario

  • The marketing was not customized to your personal needs and desired outcomes. 

  • Your sales person may not of been a buyer magnet. 

  • Your features and benefits of the property were not adequately marketed and distributed to the world through an assertive search engine optimization procedures and many channels. 

  • Your price needs to be adjusted. There is a delicate balance of pricing at the next level to take advantage of a better market with lower interest rates, but not too high as to be rejected by appraisers. How many times was your price adjusted up or down to make allowance for the market?

  • You or your sales person may need to better get a grip of  comparable sales and the market.  Some improvements greatly increase prices, some reduce. Decorating brings out emotion, emotion brings a  sales offer. Our research department spends hours daily researching tjhe market so that we have personal knowledge of the solds, not solds, conditional sales, trends  and the staff to help you make changes to your condo, if you desire.

  • Perhaps your listing lacked creativity.  Through experience, innovative innovation gets homes sold.

  • Showings on your home were not seamless. How easy was it to see your condo? One of the biggests frustrations a buyer and their Realtor have is trying to book an appointment to see a home and not hearing back from the listing sales person  or excuses why the seller does not anyone to see their place. 

  • You did not evolve with the market. Every 10 working days, I have a discussion with my clients to look at the changes that can be made based on the competition, the sales, and the feedback. We have a fluid marketing plan to provide what the market calls for in obtaining offers.

  • Interest did not result into an offer. I follow up on interest with the buyer's sales person and make suggestions on how an offer can be formulated to achieve the buyer’s goals while keeping your needs in mind. 


 Not all REALTORS* are the same. The relationship between you and your Realtor  can make the difference between selling your condo, and not selling it at all.

 In today’s busy world, your condoneeds to stand out and be marketed. 

  I just don't list houses or condos , I sell them!

  Your condo did not sell