Selling Your Icon Condo Unit: Commissions

Considering the current economic situation, those looking to sell their ICON condo unit may also be trying to save a few bucks when it comes to listing services. With condos and homes sitting on the market for longer and not selling for the desired asking price, many sellers are requesting that their Realtor "cut" their commission on the listing side. If you find yourself asking for a reduced commission, read the following before talking to your Realtor.

1. Would you ask your hairdresser to reduce their cost for cutting your hair or ask your lawyer to reduce their fee? Don't forget that your Realtors career is to trade in real estate and they are considered an expert in their field.

2. By asking your Realtor to reduce their commission for selling your ICON condo, you are essentially asking for a minimal service. At a reduced commission, your Realtor will probably be less inclined to hold open houses, provide marketing material or have professional photos taken. These simple tools can help accelerate the sale of your condo unit by providing maximum exposure and help you get top dollar. In the end, you get what you pay for.

3. Don't forget that the commission you are paying your realtor is not the actual amount they will be receiving. There is a huge misconception that Realtors make tons of money. Real Estate brokerages take a percentage of that commission, with some as high as 50% depending on the program your Realtor is on.

4. Your Realtor will spend a lot of their own money and time helping to prepare your ICON condo for sale. Getting professional photos, floor plans, internet marketing and brochures made up all costs money. Your Realtor may spend thousands of dollars and a lot of their time preparing your condo unit with no guarantee that they will make commission if the unit does not sell or that the seller will change their mind.

By hiring a professional Realtor to sell your ICON condo, you are paying for a professional service. It is important to interview a few potential Realtors to see which one is best suited for your needs. Compare selling strategies and ask what is included in their commission that they are charging. The most important element when choosing a Realtor is that you feel comfortable with him or her and that they give you the confidence that your ICON condo will be sold quickly and smoothly.

If you are interested in selling your ICON condo, please contact us.

Fire Alarm Testing

The fire department will be testing the Icon's fire alarms on June 10th, 2009. No need to leave the building as it's just a test.

New Maintenance Fees

As of July 1, 2009, maintenance fees in the Icon are going up by 1%. If your monthly fees are already debited from your account, you do not need to do anything. However if you are paying by post dated cheques, please make sure to get them to the management office by June 22, 2009. Cheques are to be made out to TSCC 1441 and please do not forget to include your suite number on the cheques.

The Entertainment District on King Street West

Whether you are in the mood for pub grub, italian or asian fusion, the Entertainment District has it all! Vist the Royal Alexandra theater to watch the newest production and enjoy a nice dinner after with many options on King Street. This district is home to some of the best patios in the city. From Oasis, Grass to Schmooze- it's all just steps from the ICON Condos.

The ICON Condos Neighbourhood

The Clarence Park....

This is a wonderful park to spend a sunny afternoon having a picnic! It is also a gathering place for dogs. If you visit at 8:00am or 5:30pm, you will be sure to find many friends for your furry friend.

If you've wondered whats going up in the old parking lot which is now under construction at the corner of King and Spadina... well its going to be an LCBO! This is a much needed addition to this neighbourhood. With the closest LCBO at Loblaws in the St. Lawrence market area, this will surely attract more people to this neighbourhood.

The Icon Condos On Wellington, Toronto

The Icons (I say this because there are technically two condo buildings) on Wellington Street West in Toronto is a young professionals dream. I may be a little biased considering I do live in the condo building but I think it's safe to say that it's not only a very affordable condo but it is also extremely well maintained. You would never know that these buildings are close to ten years old.

With an exceptional exercise area, roof top terrace, party room, boardroom and 24 hour security and concierge, this building is hard to beat. (Did I mention all the pretty faces?) With tons of new condo projects going up around including the Festival Tower, the value of the condo building is naturally going up.

To make a long story short The Icon condo buildings accommodate investors, renters and buyers. If you have any questions regarding availabe condo units in the Icon please feel free to contact us- your Icon Condos residents.