Wes Madden's Real Estate Blog

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...

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—...

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
...

What You Should Know About Shopping for an Alaska Home in the Winter

Gone are the days where homebuyers only searched for properties in Alaska when the weather was warmer, they happened upon a listing in the newspaper, or drove by a For Sale sign. In today's Alaskan real estate market, buyers are always switched "on," constantly looking for properties on their smartphones and computers, even setting up search parameters so potential homes land in their email inbox. 

It doesn't pay to wait as a homebuyer in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, or North Pole. Your dream home could be waiting for you—even in the...

Why 2018 Is the Best Year for Buying a House in Fairbanks AK

It's a brand new year in Alaska and if you've started to map out your goals for the upcoming months, you might find buying a house in Fairbanks among the top priorities— and rightfully so! 2018 will be one of the best years for homebuyers to make a purchase and below we've included four reasons why you won't want to delay:

Inventory is returning
For the majority of the last year, inventory in the local real estate market has been lower, thus making it challenging for some buyers to find the right home that checks all of their boxes. However, 2018 will spark a recovery in inventory, especially in the middle...

10 Ways to Protect Your Fairbanks Alaska Home This Winter

The new year is nearly here and we're now in the thick of winter, with temperatures dipping low and snow piling up. While these conditions can make for beautiful scenery in Alaska, they can also wreak havoc on your Fairbanks AK area home if you aren't prepared. As your local real estate experts in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole and beyond, we have put together a list of top winter tasks to tackle in 2018 so you can enjoy the season without any surprises!

Consider the following your winter checklist for your Alaska home

Clean your chimney
If you use your fireplace often, you will want to make sure it's been properly cleaned and inspected. Creosote build up can give way to chimney...

5 Steps to Make Your Fairbanks AK Home Feel and Look Larger

Especially during the winter months in Alaska, homeowners can wrestle with how to make their living spaces feel both brighter and larger. After all, homebuyers today are looking for that open, airy layout! There are dozens of easy ways to go about it, and even if you are working with a smaller footprint in your Fairbanks AK area home, you can count on Madden Real Estate for expert tips!

Below are five ways you can make your Fairbanks, Eagle River, Anchorage, Palmer, Wasilla, or North Pole home feel and look larger:

Don't empty the room
If you're already prepping to sell the home—maybe you've even moved on to another property—don't feel tempted to leave the rooms empty. You...

How to Tell When Your Fairbanks AK Kitchen Needs Updating

Whether you're planning a home improvement project for the new year or are simply preparing to impress buyers when your home hits the Alaska real estate market, the kitchen is a great place to focus. After all, kitchens and bathrooms tend to make the biggest impact on homebuyers— in addition to your home value

But how can you tell if yours is in need of an update? As your local real estate experts, Madden Real Estate has included a few ways to help you decide:

Your appliances are outdated
This may be a smaller project, but swapping out old appliances can quickly make any kitchen feel like a brand-new...

Should You Buy a Home in Alaska During the Holidays?

The holiday hustle and bustle is just beginning in Alaska— from gatherings with friends and family to decking the halls, shopping, and even traveling. This time of year is undoubtedly one of the busiest and moving may be the last thing on your mind, but does that mean you should wait to buy a home in Alaska

As your local real estate experts in Alaska, you can count on Madden Real Estate to help you find your dream home and identify the best opportunities to do so— one of which is right now! Below are three reasons to consider buying a home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, or North Pole during the holidays:

There is less competition...

5 Updates Your Fairbanks AK Home Needs Every 10 Years

We recently shared how to get your home ready for fall with our Fairbanks Alaska Home Checklist for September, but there are dozens of other tasks to complete to make sure your Alaska home is at its absolute best. For instance, did you know ceiling fans have a typical lifespan of ten years? If you haven't replaced yours in the last decade or have just moved in to an older Alaska home, it may be time to swap it out for a newer model.

Below are a few more updates your Fairbanks AK home will need every 10 years:

Carpeting
Take stock of the carpet in your Fairbanks, Anchorage, Eagle River, Palmer, Wasilla or North Pole home. Do you know when it was installed?...

5 Ways You May Be Scaring Away Fairbanks AK Home Buyers

Selling your Fairbanks AK home is a big step and you might be eager to see that For Sale sign go up in the front yard. But once you've done so, you may find that the offers aren't rolling in as quickly as you had hoped. In fact, home buyers don't seem to be flocking to your property the way you think they should. Is it the market? Are buyers just not looking for homes in your area?

The answer may not lie with the buyer, but actually, with you as the seller. There are several ways you could be scaring away Alaska buyers without even knowing it and we've listed a few of them for you below!

High asking price
While you have memories in your home and undoubtedly have formed emotional ties to the property, that doesn't always mean it warrants a higher asking price. You must...

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?

Closing costs are made up of both recurring...

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
Homebuyers in Alaska value the outdoors and...

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 clogs before the season gets underway.

Clean up...

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 home appraisal so you can ensure...

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 to fully prepare you for buying a home— including naming common...

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 other than the 30-year fixed-rate option:

You plan to...

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 and the particular area in which your property sits. Listen to your agent's...

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 for a week and each night your lights are off, people can easily determine that...