TRUDY  WILSON

TRUDY WILSON

REALTOR® Broker

RE/MAX Eastern Realty Inc. Brokerage*

Mobile:
705-772-7598
Office:
(705) 292-9551
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TRUDY WILSON's blog

What's Going on with the Housing Market?

Have you heard that interest rates are rising? Recently, the federal reserve raised interest rates to help curb inflation. Experts are now projecting that standard interest rates will range from 3.5% to 4.5% in 2022.

For many buyers, this news can feel incredibly discouraging. Home prices are already high, but now you have to pay higher interest rates on top of it, right?

Not so fast. Our interest rates right now are actually super low, especially when we compare them to the interest rates of the 1970's-2000's.

Should You Price Your Home For Negotiations?

One of the most nerve-wracking things about selling a home is pricing it. Pricing makes such a big difference in how your property is perceived by buyers—and ultimately, it determines how much money you can get out of your home.

That means you want to get it right so you don’t lose out on any money. But going too high can scare away the perfect buyers. So what are you supposed to do?

Weekly Housing Market Update For Peterborough And The Kawartha Lakes From May 12th - May 19th, 2022

➡⭐ In the Peterborough Region this week, there are currently 125 active listings with 29 sales in pending status with a median sold price of $752,000 (listing price being $669,900). The median days on market for a residential home is 11 days.

Trudy Wilson, Broker at RE/MAX Eastern Realty Inc., Brokerage in Bridgenorth, ON. 

Never Do This if You’re Buying a House!

Buying a house is one of the biggest decisions you can make, and it’s a huge milestone in your life. And whether you’re buying a house for the first time or the fifth, you want to make sure you don’t accidentally sabotage your chances of getting the house you want. That’s why it’s so important to never apply for new debt when you’re trying to close on a house!

4 Ways to Improve Your Credit Score

If you want to buy a home soon, for the first time or the tenth time, you’ll need to take a look at your credit score. Your credit score is one of the factors a lender will look at when determining 1) if you qualify for a mortgage and 2) your interest rate on that mortgage.

How to Buy a New Build in Today's Market

New builds are looking better than ever, especially in a market like ours. But there are a few things you need to watch out for when buying a new build. Here’s what you need to know before you sign on the dotted line.

 

- Have pros on your team. Make sure you have a buyer’s agent! When you start walking through model homes, a “buyer representative” will be there to help you out. But they’re there to help the builder–not you. Having your own agent will ensure you get a good deal and don’t get taken advantage of.

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