As housing prices and mortgage rates continue to rise across the country, many home sellers are now aware that the time is right to list their Alaskan homes. But before you place that For Sale sign out front, take a few moments to go over the basics of selling a home in Alaska. The Madden Real Estate team can help answer any questions you may have and the following will go that extra step. When the offers begin to come in for your homes in Fairbanks or Anchorage, you'll know the in's and out's of each option, from cash to closing. A few options you may encounter on your home selling journey within the Alaskan real estate market include:
A Cash Offer
As they often come with a quicker home sale and closing, cash offers typically catch the attention of Alaskan home sellers. From a financial standpoint,...
The Walden Madden Real Estate Blog
If you're like many Alaskan homebuyers wondering if now is the time to buy, on the fence about real estate, there is good news in store for you. You may have noticed a few factors in the Alaskan real estate market over the past months that halted your home search, including rising rates and housing prices, as well as the fact that the “median home sale price rose 11.6 percent in February on a year-to-year basis,” according to MSN Real Estate. The long winter did indeed have an impact on every component of the industry from appraisals to closings in Fairbanks and Anchorage real estate, but now it seems the market is shaping up to be both busy and positive this spring.
Many experts are predicting sales to move forward this season. Alaskan homebuyer confidence is soaring and as a result, the demand for homes in Fairbanks and Anchorage is rising as well. To illustrate this point,...
Research shows that more and more homebuyers are ready to buy a home this spring— according to MSN Real Estate, 17 million to be exact. That's one million more homebuyers than last year! But are they all prepared? The timing is right in the market to buy Alaskan real estate, given rising mortgage rates nationwide and housing prices that continue to increase, but is your timing right? Below are the top things you should keep in mind when buying homes in Anchorage or Fairbanks this year.
Commit to Staying Put
Do you have plans to move next year or don't really know what the future holds for your job location? Buying may not be for you right now. If you cannot commit to staying put for the next few years, hold off on your real estate purchase. The investment of a home will indeed grow over time and home equity is back in positive territory, but selling quickly may see homeowners...
With a new season comes a wave of excitement and motivation for new beginnings. That may mean you've started the process of homebuying with a home search for Alaskan real estate, but are your finances in order? Before you move too much further into your homebuying process, take the time to spring clean your finances this season and you'll be in great shape for buying a new home in Fairbanks and Anchorage. Here are a few places you can start spring cleaning your budget, credit and bank accounts:
Start With Your Budget
When preparing to buy a new home in Alaska, your budget will be the foundation. It's time to sit down and examine your finances, taking note of your spending habits over the past few months. Have you found areas in which you're spending more than others? Is this necessary spending or something you could cut out? After you've identified the categories of your spending, you can...