Wes Madden's Real Estate Blog

Selling Your Alaska Home During the Holidays

Many Alaska homeowners are left wondering whether or not they should sell their properties once the busy spring and summer seasons are over. While it may seem like the end of the year isn't the best for sellers, the short answer is yes! Today's homebuyers are constantly searching for homes on their smartphones, computers, and even have set up email alerts when a new Fairbanks, Anchorage, Eagle River, Palmer, North Pole, or Wasilla home becomes available and meets their requirements.

Don't be afraid to list your Alaska home during the holidays! It is still an opportune time to sell and as your local experts, Madden Real Estate has included a few tips below on achieving a successful sale!

Boost your online appeal
When you work with ...

How to Begin Your Home Search in Alaska

If you're not fully prepared to navigate the Alaskan real estate market, it can be overwhelming— especially if you're a first-time homebuyer. It helps to know the facts from the beginning of your home search, as well as have a local real estate expert on your side, like our team at Madden Real Estate

Below are four ways to start your home search in Fairbanks, Eagle River, Palmer, Wasilla, North Pole, or Anchorage:

Get Preapproved
This should always be your first step when shopping for homes in Alaska. Even if the market begins to slow down, you will be able to better understand your budget and whether or not your dream home is within your reach. Not to mention, this documentation tells sellers...

5 Signs It's Time to Sell Your Alaska Home

While every homeowner's reasons for selling their Alaskan home varies, there are a few significant signs that it's time to move on to a new property. Perhaps you've outgrown the space, your job is taking you to another area, or you're simply ready to take advantage of the current market— no matter what your reasoning is, you can count on Madden Real Estate to help you through the process.

Below are five signs it's time to move on to a new home in Wasilla, Fairbanks, Chugiak, Anchorage, Palmer, North Pole or Eagle River:

The market is booming
When sellers have an edge in the market, it's a great sign it's time to list your property and move on! If buyer demand is high and you have equity in your home (Find out with our Home Valuation!), you might like to sell and...

Why Fall Is a Great Time to Buy a Fairbanks AK Home

Fall is here in Alaska and with the changing of the seasons comes a new opportunity to start fresh in a new home! Summer may indeed be one of the busiest times for real estate, but that doesn't mean your time to buy ends when the clock strikes fall.

Now is one of the best times to make a move to a new home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla and North Pole and we've included a reasons for you below:

Mortgage rates are rising
It is true that mortgage rate are still near record lows in Alaska, but they won't stay this way forever! 30-year mortgage rates have already increased half a percentage point and are expected to rise again over the next 12 months. In fact, by this time next...

How to Prepare Your Alaskan Home for Fall

The official beginning of fall is just a few weeks away and while you may have brought your pumpkin decor back out of storage, there are a few more steps to take to ensure your Alaskan home is ready for the season. As your local real estate experts in Anchorage, Fairbanks, Eagle River, Wasilla, Palmer, North Pole, and beyond, we've rounded up our best tips for preparing your home for fall.

Clean the Gutters
There is no denying that the fall season brings it's fair share of wind and rain, which means debris like limbs and leaves scatter into your yard— and gutters! You'll want to be sure your gutters are clear to allow for what the season has in store, otherwise they could overflow and wreak havoc on your siding or worse, your home's interior walls.

Put Away Furniture
Whether you have a small deck or a large patio...

What You Need to Know Before Accepting or Rejecting an Offer for Your Alaska Home

Every Alaskan home seller dreams of earning top dollar for their property. Once the For Sale sign is posted in the yard and buyers begin to arrive for showings, you'll start to wonder when the offers will land in your lap. But no matter how many offers you ultimately receive, remember that the best one may not be immediately clear to you and come packaged with a big, red bow. 

There are many factors that should be considered in your decision to accept—or reject—an offer on your home in Anchorage, Fairbanks, Eagle River, Palmer, Wasilla, or North Pole. As your local experts in Alaska, we have listed four of the most important areas to research before you determine the best offer.

Contingencies
Even if you receive an offer over asking price, you'll want to make note if there are any contingencies. For instance, does...

4 Reasons Why Lenders Reject Alaska Mortgage Applications

If you're just beginning the home buying process in Alaska, your first step will be getting pre-approved with a local lender. Next up? Finding your dream home and submitting a mortgage application to keep the purchase moving forward. However, many buyers find their application in the rejection pile due to factors they weren't aware of at the time. 

As your local real estate experts, Madden Real Estate has provided below four reasons why your mortgage application may be rejected so you can be sure to avoid them:

You don't have enough credit
While poor credit can put you in a sticky situation with lenders, not enough credit can do just the same. It is essential to build...

How to Tell a Great Fixer Upper in Alaska from a Money Pit

You likely already have a picture in your head of what you'd like your dream home in Alaska to look like. Maybe it's a new construction home in a family-friendly neighborhood or maybe it's a fixer upper that you can make your own. If the latter is more your style, you'll want to keep your eyes peeled for a certain set of features that will help you tell the difference between a property with potential and a money pit.

Below are four things to look for in Alaska fixer upper homes to avoid a homeowner headache down the road:

Sound Structural Elements
When you move into a new home in Alaska, it can be quite costly to need to replace major structural parts like the roof,...

What is a Bump Clause in Alaska Real Estate?

You've found a buyer for your Alaska home, they've put in an offer, but now what? How can you be sure you won't receive a better offer than the one they submitted? Will you be able to accept a better deal if it comes along? As a home seller, you'll want to get to know the  bump clause.

Bump clauses are getting a lot of air time in today's real estate market as they allow the seller to enter into a contract with a buyer while continuing to market their property. If they get a better offer, they can "bump" the original buyer.

Bump clauses are commonly used when a buyer has a contingency attached to their offer, meaning they need to sell their current home first or have placed the sale contingent upon factors like the inspection or appraisal. The bump clause will allow sellers to attempt to reach another buyer that may...

Home Staging vs. Hiding in Fairbanks AK Real Estate

When shopping for homes in Alaska, it is easy to get distracted by home features like the number of bedrooms, bathrooms, kitchen updates, backyard, and of course, the location. And while it is important to take note of these items on your buyer wish list, you will want to keep your eyes open for flaws or major problems that could be covered up by home staging.

Below are four signs a Fairbanks AK home seller could be trying to hide something with home staging:

Painted Floors
Even though you have pets of your own, that doensn't mean you want to pay for another homeowner's pet damage. If you happen to pull up carpeting in an Alaskan home and notice paint on the floor, the homeowner could be trying to cover up pet damage...

The Cost of Waiting to Buy a Home in Alaska— Rising Interest Rates!

It is not uncommon for Alaskan homebuyers to sit on the fence, wondering if there will be a better time to purchase a home down the road. Will you be able to get a better deal on a property in a few months? Will the real estate market slow down? These are all valid questions, but it's also important to consider the flip side and what it could cost you if you choose to wait to buy a home.

In today's market, interest rates continue to rise and waiting as little as a few months could cost you more than you think in your monthly mortgage payment. According to real estate news outlet Keeping Current Matters, the cost of waiting to buy is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time.

For instance, in today's real estate market with an interest rate of 4.4 percent...

Your Alaska Summer Home Maintenance Checklist

After months of the snow and cold, it's finally time to welcome the warm weather, green grass, and sunshine back to Alaska! But even though we'll all be headed outdoors this summer, there are still a few projects to check off of your homeowner to-do list to ensure your property is ready to handle the season.

Powerwash your home's exterior
From the driveway to the siding, the winter dirt and grime can take a toll on your Alaskan home's exterior. Consider renting a powerwasher—or purchasing one if you'll get more use out of it—to get your home looking clean and fresh for the new season.

Seal your deck
If you haven't properly sealed your deck, months of moisture have likely been seaping into the wood which can pave the way to rot and a less-than-ideal appearance. Test a patch by pouring a small...

When to Make a Lowball Offer in Alaska Real Estate

Everyone loves a good deal— especially when it comes to real estate! However, in today's real estate market, actually purchasing a home for under asking price can be a rare occurrence. Real estate agents in Alaska—and all over the country, for that matter—typically advise against making lowball offers as you could risk offending the sellers and lose out on the home entirely.

But does that mean it can't be done? No! With the right expert on your side and under the right conditions, you can successfully make a lowball offer on a home in Anchorage, Fairbanks, Eagle River, Palmer, Wasilla, or North Pole. Below are four scenarios that would call for making a low offer:

The home is outdated
Home sellers in Alaska can turn a blind...

The Best Month to Sell Your Alaska Home

As a homeowner in Anchorage, Fairbanks, Eagle River, Palmer, Wasilla, or North Pole, deciding to sell your home is major move that should not be taken lightly.  In fact, there are dozens of factors to consider— from the price at which you will list right down to the time that your Alaska home will hit the market. But before you start to worry that the best window of opportunity to sell your Alaska home has passed, you should note that now is that time! 

May has been recognized as the best month to sell your home as homeowners have been known to yield more of a financial gain from the sale as well as sell within a shorter time frame than any other time of the year!

Selling Faster
...

How to Find the Perfect Neighborhood for You in Alaska

When you're a homebuyer in Alaska, there are many factors to consider—from square footage to outdoor space—in order to find the perfect property. But there's a reason "location, location, location" is a popular phrase in real estate and smart buyers will note that the neighborhood is just as important as the home itself.

Below are 5 things that can help you identify a great neighborhood when you're house hunting in Anchorage, Eagle River, Palmer, Wasilla, Fairbanks, North Pole, and the surrounding communities this spring:

Pet-friendly areas
If you have a dog, don't leave their needs out of the homebuying process! Look into the closest dog parks or places where you can enjoy the outdoors with your pet, whether it's a trail or off-leash green space.

...

Should You Sell Your Alaska Home This Spring or Simply Renovate?

Many Alaskan homeowners tend to believe spring is the best time to list their property and prepare to move on to a better, more suitable home. And while they may not be wrong, it is important to note that selling is not always the best answer for every scenario. Depending on how long you've spent in the home and your location—among other factors—it may be ideal to consider staying put and simply making a few improvements. 

Below are five questions to ask yourself as you determine whether to sell or renovate your Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, or North Pole home this spring:

How long have you been in the home?
If you have spent decades in...

Questions to Ask Yourself While Shopping for Houses in Alaska

Spring is officially here in Alaska and the real estate market is only beginning to heat up for the busy season ahead! And while it can be easy to get ahead of yourself when you first begin to search for Alaska homes for sale, it is important to first outline your priorities to streamline the process— and avoid falling in love with a property that's out of your budget!

Below are three important questions to ask yourself as you begin house-hunting in Eagle River, Anchorage, Palmer, Wasilla, Fairbanks, and North Pole:

How long do I plan to be in this home?
Before you can start searching for properties, ask yourself if this is a forever home. How long do you plan to stay? If the answer...

How to Boost Your Alaska Home Value Before Spring

Temperatures may still be low here in Alaska, but that doesn't mean that the real estate market takes a dive along with them! The market is only beginning to heat up for the warmer months ahead and if you're planning to sell your home in Palmer, Fairbanks, Anchorage, Wasilla, North Pole, or Eagle River this spring, now is the time to work toward increasing your value!

Below are three ways you can increase your home value before spring:

Replace appliances
For buyers making their way from renting to homeownership, shiny, new appliances can be just the hook they need to move forward with an offer. Replacing one or all of your appliances with more energy-efficient models can also be a great...

5 Things to Avoid When Preparing to Buy a Home in Fairbanks AK

With spring just around the corner and the Alaska real estate market preparing to pick up for the busy season ahead, there are numerous buyers on the fence wondering about their first step. Should I get pre-approved? Should we wait until we have a 20 percent down payment?

All of the questions running through your head are important to answer to get a better handle on the mortgage process, and as your local real estate experts, we're breaking down the steps you should avoid so you can embark on your homebuying journey with few hiccups along the way.

Do Not: Wait until you have a 20 percent down payment
Mortgage rates today are still hovering around historic lows— but not for much longer! We've...

How to Declutter Your Fairbanks AK Home Before You Sell

Before you list your Fairbanks AK home, there is a list of tasks to check off to ensure the property is ready for the market and will appeal to today's buyers. You'll need to give the landscaping a spruce to boost curb appeal, fix that leaky faucet, and even consider updating your kitchen or bathroom.

But there is one more step that will make the most impact on Alaska buyers— decluttering. Below are five key decluttering tips to help your home feel more open and inviting, without throwing everything away!

Organize by category
Your Alaska home may...