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The home is outdated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...
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!
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:
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...
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?
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...
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:
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...
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—...
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
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...
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...
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...
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...
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...
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...
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:
Take stock of the carpet in your Fairbanks, Anchorage, Eagle River, Palmer, Wasilla or North Pole home. Do you know when it was installed?...
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...
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...
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...
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.
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...