Fairbanks AK Real Estate Rules to Follow This Year

When preparing to buy a home in Fairbanks this year, there are a few "unwritten" rules to follow. Following these best practices as both an Alaskan homebuyer and home seller, you can be assured your real estate journey will be a smooth one. Your real estate agent will also be able to suggest tips and tricks along the way to help you make the right decisions. So before you jump into Fairbanks real estate this year, take a look at some of the best real estate rules of the road.

Use a Real Estate Agent
One of the best decisions you can make as both a homebuyer and home seller involves hiring a real estate agent. When it comes to the stacks of paperwork involved, negotiations, and more, it pays to have an expert in your corner. Navigating the Alaskan real estate market alone can be complicated and your real estate agent is there to explain everything along the way. Whether than means taking note of red flags in a transaction, simplifying contracts and documents, or even answering every question that arises, a real estate agent is your best bet when it comes to buying or selling in Fairbanks.

In fact, "nearly 90% of homebuyers use a real estate agent or a broker," according to the National Association of Realtors. 

Take a Tour In Person
More and more homebuyers are beginning their home search online, but touring a home in person is an unparalleled experience. Touring homes for sale in Fairbanks online can indeed be helpful for those moving great distances, across states or even from overseas. However, for local homebuyers, simply viewing photos should be used in addition to touring in person. In love with a home online? See if you can set up a time to view the property and see how you feel once you're inside— you may end up with a completely different perception once through the home's front door.

Get Pre-Approved
Serious about buying a home in Fairbanks or Anchorage? Take the time to get pre-approved. This means a lender has looked into your credit and finances and is willing to continue with the mortgage process. Not only does a pre-approval letter detail how much home you are able to purchase, but it provides both you, as the homebuyer, the home seller and your real estate agent with peace of mind going forward. These can provide a confidence boost for all parties involved and solidify your homebuying experience.

Have more questions about the Alaskan real estate market? Contact the professionals at Madden Real Estate. We’re ready and willing to guide you through the home buying process from start to finish. We look forward to working with you!

Wes Madden, CEO/Broker
Madden Real Estate
(907) 452-3000

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