5 Alaska Real Estate Mistakes to Avoid When Buying in Winter
Despite the current global health situation, Alaska real estate is still booming! In fact, during a time when you'll find yourself thinking you're one of few trekking through the snow to find the perfect Alaskan home, you might be surprised to know other buyers are out in high numbers doing the same thing.
This winter will be different in the local real estate market and assumptions you have about buying an Alaskan home in the winter could cost you.
Below we're sharing five common mistakes to avoid when buying a home during this time of year. After all, you don't want to lose out on your dream home just because you thought others were waiting until spring to buy!
Ending up in Holiday Debt
In order to remain in good standing to buy a home in Alaska, you'll need to avoid racking up holiday debt on buying gifts. This will have a major affect on your debt-to-income ratio, which is what lenders use to determine your ability to purchase a home, and could negate your pre-approval.
Seeing Past the Snow
You'll need to use your imagination when shopping for Alaskan homes in the winter months. Remember, there won't always be snow on the ground. Don't write off a property because of the dead trees and sad-looking landscape just yet. Imagine what it could look like come springtime!
All buyers will need to have some degree of flexibility when buying a home during the winter. Weather can cause unexpected delays in showings and you'll need to be willing to adjust your schedule if you truly want to score the property. If not, other determined buyers certainly will be ahead in the offer department.
Thinking You'll Get a Great Deal
Just because it's winter doesn't mean home sellers in Alaska are willing to drop their price significantly. While typically home prices are lower in winter and sellers are motivated, inventory is lower, so the number of people competing for a smaller amount of homes means getting a sweet deal might be out of your reach.
Lowballing the Offer
Many buyers tend to think those selling their properties during winter must be desperate, and therefore, try to lowball offers to create their own discount. Unfortunately, it doesn't always work that way. Not only can a low offer be off-putting to a seller, but it might mean they close the avenue to counteroffers from you as well.
Madden Real Estate is happy to help you find the home of your dreams this winter. We will put our expertise to work for you and help you gain an edge over the competition.
We even have a Love It or Leave It Guarantee which means, If you buy a home through us and you are not completely happy with it, we will list it for free while you search for a home you love!
We look forward to hearing from you!
The Madden Real Estate Team
Madden Real Estate with Keller Williams Realty Alaska Group
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