Wes Madden's Real Estate Blog

Prepare for Closing Costs When Buying a Home in Alaska

The process of buying a home in Alaska can be both exciting and overwhelming, especially if it's your first time conducting a home search. There are many details to get in order, from the number of bedrooms you need to the best location, and it is easy for a few to fall through the cracks. One in particular that is commonly overlooked is the amount you will owe in closing costs. 

Many first-time homebuyers in Alaska are not aware of closing costs, but as your local experts in Anchorage, Eagle River, Palmer, Wasilla, North Pole and the surrounding communities, you can count on Madden Real Estate to ensure you know exactly what you're in for in today's real estate market.

What are closing costs?...

Compromises to Make When Buying a Home in Fairbanks AK

Searching for your dream home in Fairbanks AK or the surrounding areas is an exciting journey and one you may have been thinking about for quite some time. You'll tour dozens of homes before you find the best fit, carefully considering the number of bedrooms, bathrooms, square footage, and of course, location. However, you may also discover that a property doesn't check all of the boxes on your priority list. So, when should you compromise?

As your local real estate experts in Fairbanks, Anchorage, North Pole, Wasilla, Eagle River, Palmer and Chugiak, we have included below a few compromises that are worth making when house hunting in Alaska:

The size of the yard
...

Your Fairbanks Alaska Home Checklist for September

September is here! Temperatures have started to cool down here in Alaska and it's time to begin thinking about all that fall and the coming months will have in store. And while changing colors and pumpkins are just two aspects to look forward to, wet weather and falling leaves are also major players, so you will want to make sure your Fairbanks AK home is prepared!

Set aside a weekend or two to complete the following five tasks around your Alaskan home this month:

Clean the gutters
When the leaves start to fall and the rainy days become more frequent, it's always helpful to have your gutters in clean, working order. If there aren't there yet, grab your ladder and head up to the roof to give them a thorough cleaning. Gutters should be free of all debris and...

How to Prepare for Your Alaska Home Appraisal

The listing price of your Alaskan home is one of the most important aspects of the entire selling process. In fact, if the listing price is not reasonable from the very beginning, you could risk a whole segment of buyers passing over your property. What's more, there is one specific factor that will have the final say when it comes to what your Alaskan home sells for and it could make or break the deal— the appraisal.

If the appraised value of your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, or North Pole comes back too far from the listing price, any deal you come to with a buyer could fall through. Below are four ways to get ready for your ...

4 Hidden Costs of Homeownership in Fairbanks, Anchorage, Wasilla AK

Once you've made the decision to buy a home in Alaska, your next few steps will likely be entirely financial. From making a budget to going over your finances to meeting with a lender and getting pre-approved, every cost involved with your Alaskan home purchase should be considered to avoid any surprises.

However, many new homeowners in Fairbanks, Anchorage, North Pole, Wasilla, Eagle River, and Palmer often find there are a few hidden costs that they didn't account for going into the process. As your local real estate experts, you can count on Madden Real Estate ...

When a 30-Year Mortgage Is Not for You in Fairbanks AK Real Estate

One of the first steps you will take on your homebuying journey in Alaska is meeting with a lender to discuss your eligibility to take on a mortgage loan. You will likely be given a few quotes based on different loan products, each varying by terms, conditions, and interest rates. A 30-year fixed-rate mortgage is a common choice for homebuyers in Anchorage, Fairbanks, Eagle River, Palmer, Wasilla, North Pole and the surrounding areas, however, there are a few reasons why this mortgage may not be for you.

As you decide which mortgage may be right for you this year, consider the following reasons to choose a loan...

How to Get Top Dollar for Your Alaska Home

Selling your Alaskan home is a major task— one that requires much research and preparation. However, many homeowners in Alaska fail to check the important steps off of their list when listing their home and as a result, their home may "sit" on the market for longer than they'd like or they may end up getting less than they'd like for the property.

How do you avoid this slippery home seller slope? As your real estate experts, Madden Real Estate has included below five ways to get top dollar for your home:

Don't ignore your real estate agent
Remember that your agent has vast experience in selling Alaskan homes...

5 Ways to Protect Your Home While You're on Vacation

Now that summer has officially arrived, you likely have a few vacation plans in the works. Whether you're headed to a tropical beach destination or venturing out on a staycation right here in Alaska, you will need to protect your home while you're away. And that doesn't just mean locking your front door! 

Below are five ways you can secure your home while you're on vacation this summer:

Hold Your Mail
A pile of mail or packages both in the mailbox and outside your door is a big sign that no one is home. Have your mail held at the post office—you can do this easily in person or by filling out a form online—and pick it up when you return from vacation. This way, it is less obvious that you're away.

Set a Light Timer
Another major tell that no one is home is a dark house. If you head out on vacation...

What to Ask the Seller Before You Move into a New Alaskan Home

Excitement runs high when you purchase a new home in Alaska— you start to envision where all of your belongings will go, where your family members will stay, the purposes for each room, you name it. But remember, there is only one person that knows the property better than you at the moment and that is the seller.

In order to avoid any surprises down the road, and to get to know certain quirks that the home may have (that won't be listed on the inspection report!), Alaskan homebuyers can ask the seller the following questions:

What quirks does the home have?
Does the window in the bedroom stick when it gets warmer? Does the refridgerator make noises from time to time?...

Types of Debt That Can Affect Your Alaska Mortgage Approval

The summer season is upon us here in Alaska and with the market (and the weather!) beginning to heat up, many more buyers are out and about browsing available homes! But once you've found your dream home in Fairbanks, Anchorage, Eagle River, Wasilla, Palmer, or North Pole and you've moved on to applying for a mortgage, you may find that there is one factor that is stalling your loan approval— debt.

As we have mentioned in past blog posts, it's important to groom your credit score as much as possible before applying for a mortgage, but also to pay down high interest debt. There are a few common types of debt that will affect your mortgage approval and as your local real estate experts, we've listed them below!

Student Loans
Student loans—while considered...

3 Problems to Avoid When Moving to a New Anchorage AK Home

As the local Alaska real estate market continues to heat up and more buyers score their dream homes, thoughts will quickly turn to packing up and moving. Moving can be an overwhelming and stressful process, but like any task, with enough research and preparation, hiccups can be avoided! 

Madden Real Estate has provided three common moving disasters and how to avoid them below, so your journey to your dream home in Anchorage, Eagle River, Palmer, North Pole, Wasilla, or the surrounding area can be as enjoyable as possible.

1. Using a Bad Moving Company
Lost items, broken furniture, a miscommunication on which date to arrive— these scenarios can all...

5 Things That Can Bring Down Your Alaska Home Value

Selling your home in Alaska is a major decision with many moving parts. From preparing the property for sale to choosing the listing price to accepting the best offer and finally, reaching the closing table— it is essential to work with your real estate agent to ensure you stay on top of it all! If not, you may find yourself facing obstacles like a lower than expected home value. But lucky for you, that can be avoided!

Below are five factors that can bring down your home value. Keep these in mind in order to keep your home sale process running as smoothly as possible:

1. Poor location
While you may not be able to move your...

How to Negotiate Repairs After Your Alaskan Home Inspection

The home inspection is a crucial part of the home buying process in Alaska. It's what informs you of existing problems with the property, including everything from outdated plumbing to a faulty roof, and helps provide peace of mind for making such a big purchase. But for Anchorage area buyers, what comes after the inspection is just as important— negotiating home repairs!

Many buyers do not understand that negotiating can be done long before you even reach the closing table to sign on the dotted line and in fact, it's one of the ways you can land the best possible deal in the end. 

Below are three ways you can negotiate home repairs after the home inspection in Anchorage, Fairbanks, Eagle River, Palmer,...

5 Things Fairbanks AK Home Sellers Often Forget to Do

When selling your Alaskan home, it may seem like your to-do list grows by the minute. Cleaning out the garage, repairing that leaky faucet, choosing a real estate agent, staging, you name it! With all of these tasks at hand, it is easy for some to fall through the cracks— even the most important, like doing your due diligence on an agent.

If you're planning to sell your home in Fairbanks, Anchorage, Eagle River, Palmer, North Pole, or Wasilla, it is essential that you jot down the following tasks that are so often forgotten by Alaska home sellers!

Researching your agent
As I mentioned above, selling your home is a major decision and should not be handed over to just any real estate agent...

Madden Real Estate and The Walden Team at Keller Williams Merge

Two Top Alaska Real Estate Companies Joining Forces

Madden Real Estate and The Walden Team at Keller Williams Merge

 

Contact: Stacy Harvill 907-452-3000

For Immediate Release - Anchorage, Alaska (March 25, 2017) -   Madden Real Estate, the number #1 real estate team in Alaska since 2009, has announced a merger with The Dar Walden Team, a division of Keller Williams Alaska Group and Keller Williams Realty, the world’s largest real estate franchise with over 150,000 agents and approximately 800 offices worldwide.  This union will bring together two leading real estate...

Alaska First-Time Homebuyer Mistakes to Avoid This Spring

Spring is an exciting time of year where everything is beginning to come alive again— the weather, the flowers and even, the homebuyers! Many first-time buyers will enter the Alaskan real estate market in the coming weeks and months, ready to land their dream home. However, the truth is if you're not careful or prepared, you could run into the same common obstacles that others have tripped over.

Below are four mistakes that first-time buyers should avoid this spring:

Rushing into the purchase
As you shop for homes in Alaska this spring, it's important that you take your time. Do not feel pressured into a home purchase simply because there are other offers on a property or due to rising ...