Buying a condo can be an emotional experience. It can also be time consuming and comes with a myriad of details that should not be overlooked. Some buyers, (and even their Realtor), can get caught up in the excitement of buying a place and then tend to forget a few things. Their condo experience then could turn into an unpleasant turn of events, such as:
Paying too much
Losing the perfect condo to another buyer
Not buying in the right neighbourhood or building
Not enough due diligence done through the process and omitting a few steps
Make Buying a Condo in London More Pleasant
The specific way you progress through a condo buying transaction varies but there are many buying steps that are standard, even though they might not be accomplished in the same order in every location.
You'll feel more confident about your condo buying journey when you understand what is required of you and every other person who is involved in the transaction.
I believe that there should be a thorough plan BEFORE a buyer even starts looking because when there is a systematic plan in place before you shop, you’ll know what to expect and if any unforseen events occur, you will know how to overcome them.
I know there are buyers who prefer to search MLS real estate listings, go to lots of open houses, spend weekends & evenings looking and looking and trying to find the right place or perhaps, even a bargain. As a professional Realtor , I have helped hundreds of house & condo buyers in London Ontario and I can veify that buying a home can take an enormous amount of time, even patience, I do it every day, so for the 'lone rangers', go for it!
For those of you who are looking for that ideal condo, perhaps one not even on MLS yet & would like professional real estate guidance, negotiation, diligence and care, our "Dedicated Home Buyer Program" may be something that you have been looking for. You can download this free 37 page report below.
Condominium living is a popular option for many Canadians as it can be a relatively carefree housing option. Currently, in some parts of the country, one out of three new homes built is a condominium and London Ontario is one
Most newspapers now include a condominium section which recognizes the increasing number of people who already live in—or aspire to live in—a condominium.
The Canada Mortgage and Housing Corporation (CMHC) has created a guide to help you become an informed condominium buyer and to help you make the best choice. At the end of the CMHC Guide you will find full definitions of some of the terms used.
It will identify important questions to ask—and the people you should be asking—before you make this important purchase.
At the end of the report, there is a selection checklist to help you narrow down the choice between the different types of condominiums you might see.
Another great Condos in London guide is one that I have been providing to Londoners for the last 15 years, in it you will see price ranges and styles of condos, neighbourhoods, specific buildings or complexes, local London Ontario links and telephone numbers, maps and tips.
I hope you will find it as helpful as hundreds of clients have.
Try this Tool Kit if you are looking for tips and ideas when buying real estate
I have helped hundreds of buyers over the years and especially when buying a condo in London or St.Thomas, I would say most were a little intimidated with the process or not sure where to start.
I put together a few guides for condo buyers to help them clarify in their mind the processes involved, questions to ask and where to start.