4 Signs It's Time to Buy a Home in Alaska
The Alaskan real estate market can cross over both ends of the homebuyer spectrum— on one side there are homebuyers ready and motivated to purchase a home and on the other, a group of potential buyers still on the fence about when to make the leap.
If you find yourself on the sidelines wondering when to make that purchase, here are a few tips to help you decide if it's time to buy a home in Alaska:
You want control of your home and its surroundings
One of the biggest reasons Alaskan homebuyers are in the market this year is to take over complete control of a property. If you're sharing a space or even renting, oftentimes making a space your own is not possible. With homeownership in Alaska, you can make as many improvements and changes as you'd like. If this is one of your top reasons for moving to a new home in Eagle River, Palmer, Fairbanks or Anchorage, you might be ready to buy.
You need more space
Have you outgrown your current home in Alaska? It might be time to buy and trade up! Many homebuyers in today's market are citing space as a motivating factor. When you begin your house hunt, you'll be able to narrow down properties by the amount of space and overall size of the home.
You want to live in a specific area
Homebuyers in Alaska have a specific area in mind where they'd like to live. Are you dreaming of a home in Fairbanks or Anchorage, Eagle River or Palmer? It might be time to make your location more permanent. If you have children, school districts might also be important to you and a deciding factor on where to purchase a home.
You have the downpayment ready
One thing holding homebuyers back from purchasing in Alaska is the lack of a downpayment. Regardless, you can always consult your real estate agent for options in your area, but if the downpayment is in your pocket, you're more than ready to go! Don't be afraid to part with your downpayment— you might think something bigger and better will come along, but now is the time to buy before rates increase even more.
Madden Real Estate can help with your homebuying process, no matter what stage you're in! We can help recommend finance experts for pre-approval and with our Love It or Leave It Guarantee, we eliminate the worry. If you buy a home through us and you're not completely happy, then we will list it for free while you look for a different home that you love.
We look forward to hearing from you!