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Buying a property with plans to refinance can be a good plan even if interest rates are high. Here are three reasons why: Locking in the Property: High-interest rates may mean higher initial mortgage payments, but they also tend to depress property prices. By purchasing a property during a period of high-interest rates, you may be able to negotiate a lower purchase price since fewer buyers may be in the market. This can result in a better deal on the property itself. Once you’ve locked in the property, you can then wait for interest rates to drop or for your […]

Predictions for 2024 Market Stabilization: Expect the market to stabilize as the effects of the pandemic-driven surge subside. Prices may plateau or experience moderate growth rather than the steep increases seen in previous years. Interest Rates: Higher interest rates could deter some buyers, especially those who are highly leveraged, potentially leading to a slight decrease in demand.  However we do expect to see a rate decrease at some point this year, likely closer to the Fall. Inventory Levels: Inventory might increase as more sellers list properties to capitalize on the high prices, providing more options for buyers and reducing bidding […]

Investment Potential: Haliburton County has been steadily growing in popularity as a vacation destination and a place for secondary residences. As a result, property values have been appreciating over the years. Investing in a cottage in Haliburton County could potentially offer a good return on investment as the demand for such properties continues to rise. Escape from Urban Life: With the ongoing trend of remote work and a desire for a healthier work-life balance, many individuals and families are seeking refuge in nature. Haliburton County offers an escape from the hustle and bustle of urban life, providing peace, tranquility, and […]

Correcting the pitch of a house roof can be a complex and costly undertaking, as it often involves structural changes and should be done by a professional to ensure safety and compliance with building codes. However, if you’re looking for relatively inexpensive ways to address minor issues or improve the appearance of your roof, here are three options: 1. Roof Coating: Applying a roof coating is a cost-effective way to extend the life of your existing roof and improve its appearance. Roof coatings are typically made of elastomeric materials and can help seal minor leaks, reduce heat absorption, and protect […]

Deciding whether a “fixer-upper” property is worth purchasing involves careful evaluation and consideration of various factors. Here’s a step-by-step guide to help you determine if a fixer-upper is a good investment for you: 1. Assess Your Goals and Resources: – Define your goals for the property: Are you looking for a long-term residence, a rental property, or a quick flip? – Evaluate your budget: Consider not only the purchase price but also the funds you’ll need for renovations, repairs, and holding costs during the renovation period. 2. Evaluate the Location: – Research the neighborhood: Assess the property’s location, nearby amenities, […]

Getting pricing right for real estate listings is incredibly important. The price you set for a property can significantly impact its marketability, the speed of sale, and the final selling price. Here’s why pricing is crucial in the real estate market: **Attracting Buyers:** A well-priced property will attract more potential buyers, leading to increased interest and a larger pool of potential offers. Overpricing can deter buyers, causing your property to sit on the market longer. **Competitive Advantage:** In a competitive market, properly pricing your property can give you an advantage over similar listings. Buyers are more likely to consider and […]

In real estate, a buyer’s market is typically characterized by conditions that favour buyers rather than sellers. During a buyer’s market, there tends to be an abundance of properties available for sale, fewer buyers actively seeking properties, and prices that may be more negotiable. Here are some indicators that can help you determine when it is a buyer’s market in real estate: Inventory levels: Check the number of properties listed for sale in your target area. If there is a high inventory of available properties, it indicates a buyer’s market. Sellers may have to compete with each other, giving buyers […]

  I was fishing off my dock a few days ago, I happened to catch a big smallmouth bass… It was a beautiful big fish, but it was not bass season.  The female bass are laying their eggs in safe places while the male are fertilizing the eggs and protecting them.  It is very damaging to their natural process to disrupt them during this crucial stage.  A very important part of enjoying fishing in cottage country is understanding how we all can play a role in keeping the lakes and fish healthy and sustainable by understanding the following. When catching […]

Cottage docks can be challenging to maintain due to various factors such as exposure to the elements, wear and tear from usage, and the potential for damage caused by natural forces like waves, ice, and storms. However, there are several strategies you can employ to minimize these issues and keep your cottage dock in good condition. Here are some recommendations: Quality construction: Build your cottage dock using durable and long-lasting materials. Consider using pressure-treated wood, composite decking, or aluminum, which are resistant to rot, decay, and insect damage. Regular inspections: Conduct routine inspections of your dock to identify any signs […]

When interest rates rise, several potential effects on the real estate market for cottages can be expected: Increased borrowing costs: Higher interest rates typically result in increased borrowing costs for potential buyers. This can reduce affordability and make it more challenging for buyers to qualify for mortgages. As a result, demand for cottages may decrease, leading to a potential slowdown in the market. Reduced purchasing power: Rising interest rates can reduce buyers’ purchasing power. As mortgage rates increase, the monthly mortgage payments also rise, potentially limiting the budget buyers can allocate towards a cottage purchase. This can lead to a […]