Summer is upon us and it's an exciting time in local real estate! The conditions are ideal for moving, homebuyers are feeling motivated, and Alaskan home sellers are ready for a change of scenery. However, despite the market statistics on rising mortgage rates and housing prices, there are still a few buyers on the fence.
If you find yourself wondering if now is the right time to buy in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, or North Pole, consider these top five reasons to own a home:
Paying rent is not the best investment
If you're currently renting, ask yourself where your money is going every month. When you rent a home in Alaska, you are paying down your landlord's mortgage, not your own. When you own...
When it comes to buying a home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, and the surrounding Alaskan communities, there are many options for mortgage loans. Alaska homebuyers can shop around for a mortgage loan and see what works best for them and their finances.
As your local Alaskan real estate experts, Madden Real Estate is here to offer you some general information on your down payment options. There are many programs out there now that allow to you put down as little as 3 or 5 percent on an Alaskan home. With VA loans for veterans, you don’t need any down payment.
These programs are wonderful for families who...
With buyer demand soaring and inventory still trending lower, the ball is in the seller's court in the local Alaskan real estate market.
But that doesn't mean you can simply place a "For Sale" sign in your yard and the offers will begin to pour in. There are several mistakes that can actually hold you back from selling your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, or North Pole and as your local experts, we've included them below!
If you plan to sell your Alaska home this summer, be sure to avoid the following:
In order to attract buyers and prompt them to write an offer, your home needs to be priced well from the beginning. Overpricing can cause buyers to pass over your property entirely, given their search parameters,...
Excitement runs high when you have an accepted offer on your Alaskan home, but what comes next could bring you down if not properly prepared for— the home inspection. The inspection could make or break your deal and is a contingency often written into most offers, meaning the buyer could walk away if the results are less than ideal.
Below are just a few of the items that inspectors will be looking for during their time at your property in Fairbanks, Eagle River, Palmer, Wasilla, North Pole, and beyond:
1. Structure: Integrity of your foundation, state of windows, doors and frames
2. Grounds: Faulty grading, dilapidated pathways and walks, trees, and any standing water
3. Roof: Defects in shingles, flashing, fascia, gutters, chimney and skylights
With the weather beginning to warm up and the official start of spring finally here, many homeowners in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, and North Pole are looking for ways to improve their property.
But if you're one of those making a home to-do list this spring, it's important to consider the projects that will be worth your while in terms of boosting curb appeal and adding value.
Consider the following home projects that will pay off when it comes time to sell your home in Alaska:
Clean it up
Before you can start on improvement projects like adding new landscaping or painting the shutters, start by giving your home's exterior a good cleaning. Power wash away all of the grime, dirt and mildew that could have built up over the long winter. Wash the windows, inside and...
Real estate has just been voted the best investment for the eighth year in a row— better than stocks, gold, and savings! But that’s not all real estate can hold its own against by comparison.
Real estate is also a time-honored inflation hedge. In fact, for the last decade, home price appreciation has beat inflation by several percentage points.
During times where inflation is mounting, rising costs of rent can also be a major concern. However, as a homeowner, fixed-rate mortgages can help you keep your monthly housing payment the same.
“A fixed-rate mortgage allows you to maintain the biggest portion of housing expenses at the same payment. Sure, property taxes will rise and other expenses may creep up, but your monthly housing payment remains the same,” said James Royal, Senior Wealth Management Reporter at Bankrate....
As an Alaskan homeowner, you've probably heard dozens of real estate myths bouncing around from family and friends— running the gamut from when to sell your home to how much buyers are willing to pay.
However, it's important to note that these should be taken with a grain of salt—unless they come from a trusted real estate expert—and in some cases, ignored entirely.
If you plan to sell your home in Anchorage, Fairbanks, Eagle River, Palmer, Wasilla, North Pole, or beyond this year, you will want to ignore the following home selling advice:
You will sell at the open house
Open houses can be beneficial for Alaskan homeowners in that they attract many eyes to your property at once— but that doesn't mean it will always end in a sale. While many buyers may come through your home, don't expect all of them...
As we get closer toward spring (it does come around eventually!), dozens of Alaska residents begin to contemplate buying a new home. In fact, spring is the time of year when the real estate market starts to really heat up and buyers descend upon local homes for sale!
However, if you're a first-time buyer in Alaska this year or are feeling overwhelmed by the process, don't worry! It may be best to break it down into simple steps, so you too can take advantage of this exciting time.
You can count on Madden Real Estate to clarify any questions you have about buying a home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and the surrounding areas and simplify the path to homeownership.
Below are five steps...
Once you've found your dream home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, or North Pole, it can be hard to erase the picture from your mind. You start to envision yourself living in the space, how your furniture will fit, and what paint colors you will choose. But in today's real estate market, you may find yourself competing with cash buyers who can snag the home quicker and easier than those with financing.
You will need an edge to land the property over those cash buyers and below are a few ways for you to do just that:
Be straightforward about your finances
Sellers often accept cash deals as every aspect of the transaction is laid out on the table for them to see. As a buyer with financing, it is essential that you do the same if you are to compete with cash buyers. Be straightforward with your finances— provide a...
When the Alaska real estate market is hot, buyer demand is high, and sellers have the advantage, of course looking for the highest offer is a common strategy. However, there are a few other factors—besides money—that can contribute to a strong offer.
If you’re selling your Alaskan home this year, be sure to dive deeper when reviewing those offers and see if the following factors are included. Every seller would do well to consider all aspects, beyond the dollar amount, before settling on a buyer!
As a home seller in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, or North Pole, you likely have a dollar amount in mind that you would like buyers to meet or exceed. But just remember that...
Many homeowners in Alaska are now realizing the positive direction in which the market is heading— and as a result, plan to sell their homes in 2022. Low mortgage rates are said to continue, as well as steady home value appreciation, and an increasing number of motivated homebuyers.
If you’re ready to sell in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, or the surrounding communities this coming year, here are three home seller’s resolutions that can help bring you success in 2022.
Appeal to buyers online
As your real estate experts in Alaska, Madden Real Estate has a strategy for seeking out homebuyers in the first place they look— online. Listing photos are especially important to grabbing a buyer’s attention. Staying away from the online aspect of a listing...
When it comes to buying a home in Alaska, you would be surprised by the number of potential buyers that sit back because they do not think they will qualify for a mortgage. However, the reality is that qualifying for a mortgage is simpler than you think and as a result, you are missing out on the many benefits of homeownership!
If you're sick of renting in Alaska, given the increasing costs each year, and are ready to settle into a place of your own, now is the time! Don't allow yourself to put off homeownership any longer, just research the facts.
Consider the following your checklist of what it takes to qualify for a mortgage in the Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, or North Pole areas:
1. A Down Payment
Did you know nearly half of all ...
When buying your first home in Alaska, it’s easy to get caught up in the excitement of house hunting and dreaming of what memories you’ll make there. However, as fun as it is to begin the process of buying a home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, or North Pole, it’s also important to be realistic about what it takes and what you’ll find.
Too often, homebuyers are caught off guard once they enter the local real estate market, only to find their dreams may not always be achievable. As your local real estate experts in Alaska, it is our goal to help you manage expectations and find the perfect home as we head into the new year.
Below are some of the top Alaskan homebuyer myths to debunk in 2022:
Thanksgiving is in just a few weeks and Alaskan homeowners may already be planning to bring all of their decor out of storage, preparing to deck the halls for the holidays. However, if you're a home seller, there are a few key rules to keep in mind as you decorate.
You can find great success in selling your home during the holiday season and the right staging can help buyers feel more at home. Remember the following tips for staging during the holiday season and you could just give your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and beyond the competitive edge it needs to sell!
Curb Appeal Begins at the Front Door
The front door is one...
When you think about the holiday hustle and bustle—shopping, events, decorating—it may seem like the last thing you should add to your plate is selling your home.
After all, aren't spring and summer the best times to list your home in Alaska? In the past, that may have been the case, but this year is shaping up to be different and the holidays could end up being the best time of year to sell your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and beyond.
Why? A recent Foot Traffic report from the National Association of Realtors shows that there are more buyers out right now than there have been at any time in the last twelve months. This also means that there are more buyers currently looking for homes than there were during the busy spring ...
Homebuyers today are faced with the age-old question in real estate, "To buy or to rent?" As you look closer at the costs of renting, you will quickly notice that the prospect of buying a home in Alaska is much more lucrative, especially when it comes to long-term wealth.
Homeownership offers a better way to produce wealth and helps boost your net worth, unlike renting. If you are considering purchasing a home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, or the surrounding areas this year, below are four reasons why you're making one of the wisest financial decisions to date:
You are paying your own mortgage
Each month you have a housing cost, but the question is whose housing cost are you paying? When you own a home...
As you think about selling your home in Alaska, one of the first questions to cross your mind is likely, "How much is my home worth?" Your home value will play a major role in the success of your sale, but there are many aspects of finding this number that Alaskan homeowners simply do not understand.
We've included a few key ideas to consider as you research your home value and prepare to sell your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and the surrounding areas this year:
Listen to your real estate agent
Determining your home value is a task best left to the experts, so do not be afraid to consult your real estate agent. Your agent can run what's called a "comparative market analysis" to find similar...
Fall is a great time to sell your home in Alaska— in fact, the market has been heating up for months! Motivated buyers are everpresent in today's real estate market, home prices are rising, and more importantly, properties are moving quicker than they have in the past. Listing your home now is an excellent idea as buyers may not have found "the one" on their search this summer and yours could be it!
So what comes next? Soon after listing your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, or the surrounding areas, you may find buyers scheduling showings to take a tour or have an open house planned and it's important to be prepared.
Follow these tips for securing your home for a showing or open house in Alaska:
Take your remotes
You may not think about it as you head out the...
If you've been considering buying a larger or more luxurious home in Alaska, now is the time to start taking those next steps! Buyer demand is high, which means you could be competing with others for a property, however, with home prices and mortgage rates expected to increase, you won't want to wait any longer.
As your Alaskan real estate experts, Madden Real Estate is here to help you through your next home purchase in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, and the surrounding communities— and that means making sure you are an informed buyer, especially when upsizing.
Below are three things you should know about moving up to a new home this year:
Note what you want vs. what you need
When it comes to your...
Fall is nearly here! But before the leaves begin to drop from the trees and we finally turn down the AC, there are a few tasks to tackle around your Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, and North Pole area homes. From cleaning the gutters to turning off the water to the garden hose, Madden Real Estate has compiled a list of fall home maintenance tasks to add to your to-do list.
Clean out the gutters
To make room for the leaves and debris that will fall into your Alaskan yard this fall, it's important to clean out your gutters now. While you're on the roof, you can also check for any damaged shingles that may have occurred over the summer and take the necessary steps to repair them.
Turn off outdoor water
You probably have your garden hose hooked up and have used it all summer, but you'll want to turn off that...