Alaska Real Estate

How to Prioritize Home Projects as an Alaskan Homeowner

When you first move into a home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla or North Pole, you might be overwhelmed with home project ideas. From painting the house to renovating the kitchen, it's hard to prioritize what needs to be done and how to stay on budget.

If you've just moved into your Alaskan home or are in the process of house hunting and deciding which home to buy, below are a few tips to help you stay on task.

Take notes around the home
Any time you decide to take on a home project, you should plan out the process and assess the conditions of the space. For instance, what needs to be done versus what you'd like to get done first. Is the flooring damaged? Are the appliances not running their best? These may be prioritized...

How to Beat the Competition in Alaska Real Estate

It may seem hard to believe, but bidding wars are back! Competition has increased in Alaska real estate even amidst the current economic and global health situation. More and more homebuyers continue to flood the real estate market, and prices continue to rise, thus contributing to more competition with offers.

According to the NAHB's Quarterly Housing Trends Report, "30% of active buyers reported getting outbid by another buyer in the second quarter of 2020, significantly higher than the comparable 18% share a year earlier."" Bidding wars have been reported as most common for bargain-priced homes where buyers are forced to compete with real estate investors.

So, how do you make sure you snag your Alaskan dream home and outbid other interested buyers? How can you be certain your offer stands out among the rest?...

Why Older Homes in Alaska Might Appeal to More Buyers

For today's homebuyers in Alaska, there are many choices associated with local real estate. From when to buy or when to sell, which mortgage type is best and which Alaskan community to move into, there is also one other important question homebuyers must ask themselves— new construction or existing?

The prices can vary dramatically and while you may prioritize having a brand-new home over a lived-in property, it's important to consider the financial differences between the two.

New Construction Upgrades
When you visit a model home in an Alaskan community like Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole or beyond, it can be easy to feel attached...

3 Things to Consider When Moving to a Larger Alaskan Home

With mortgage rates still at historically low rates and home values rising, many Alaksan residents are currently contemplating a move— even in the midst of the current, and somewhat uncertain, economic climate. However, if you've been wondering, now is indeed the time to purchase a home with more storage space, more bedrooms, more overall square footage or even a home in a better neighborhood. 

As your real estate agents in Fairbanks, Eagle River, Palmer, Wasilla, North Pole, and beyond, Madden Real Estate is happy to help you find your bigger, better dream home, but there are just a few factors to consider in your decision to move up.

The right mortgage
When moving up in ...

5 Pandemic Real Estate Myths for Alaska Home Buyers and Sellers— Debunked!

These are uncertain times for everyone, no matter where in the world you live— especially when it comes to real estate. There are Alaska real estate rumors floating around about whether it's a good time to buy or sell your home amid a pandemic, and many more, but many of them can be debunked! 

As your local real estate experts in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and beyond, we are setting the record straight about buying and selling Alaska homes during this time!

Myth: It's a bad time to sell your home
Many homeowners who decided to sell this year have since pulled their homes from the market, mainly due to the fear of showings and others entering their property during this public health event. However, right now, research shows that buyers actually...

How to Lower Your Alaskan Home Utility Bills This Summer

The official start of summer is here in Alaska! And while we're all certainly looking forward to warmer temperatures, the summer heat can bring about a rise in utility bills for Alaskan homeowners.

There are dozens of ways to keep mounting utility costs at bay this year and as your real estate experts in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and beyond, we are happy to share a few with you below!

Clean your air filters
It's important to clean your air filters to keep your heating and cooling bills down this summer. When filters are dirty, these systems have to work much harder and use much more energy to function properly. With clean filters, your home can run as it is meant to and help bring down your utility bills.

Install a new thermostat
If you haven't already, consider installing a new thermostat...

The 5 Most-Viewed Alaska Real Estate Markets

Alaska home buyers have been actively viewing online listings in recent months, and certain zip codes are leading the pack in buyer interest. According to a national listing aggregator, the most popular Alaskan real estate markets for the first quarter of 2020 are:

  • 99705 North Pole
  • 99712 Fairbanks
  • 99709 Fairbanks
  • 99701 Fairbanks
  • 99518 Anchorage

The markets with the most online views also show the fastest pace of home sales! During the first few months of the year, homes in the most popular zip code area of 99705 spent a median of 43 days on market. The next most popular area in 99712 saw homes spending a median of 63 days on market.

For Alaska homeowners, there’s a couple of big takeaways from this info. First, the way your home looks online does matter! Your...

How to Go Green in Your Alaskan Home

Spring is nearly here and what better time to "green" your Alaskan home than now? It's actually easier than you think to turn your home into an eco paradise and you probably have all you need already on hand!

Make it a weekend project or go room by room this week to spring clean and spring green the property. What's more, when you're ready to sell, homebuyers in Fairbanks, Eagle River, Palmer, Wasilla, North Pole, and beyond will notice that your home is already up to "green" standards or on it's way!

Detox the Bedroom
An easy way to "green" your bedroom is to detox all of the linens and especially the curtains. You may wash your sheets and bed linens often, but how about your pillows? Cleaning your pillows will help keep toxins and dust mites at bay. You can also keep mold away in the bedroom by opening your curtains and shades and letting the sun...

What You Should Know Before Refinancing Your Alaskan Home

The idea of cutting your monthly mortgage payment down by refinancing your loan may sound intriguing to you as an Alaskan homeowner, but there is much more to consider before diving in. In fact, there are cases in which refinancing does not truly pay off for the homeowner. But don't worry! As your local real estate experts, you can count on Madden Real Estate to help you make the best decision for your situation.

Below are four factors to consider before making the decision to refinance your mortgage:

Refinancing is not free
Just as you likely paid some closing costs when you purchased your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and the surrounding areas, you will be required to again with...

5 Alaska Real Estate Reality TV Myths

Since it's winter in Alaska, we're all staying indoors a little more and perhaps you're even watching a few real estate reality TV shows— we've all seen a few by now! As these shows grow in popularity, it's important to keep in mind that not everything you see on your screen is actually reality.

Much of what takes place is staged and filmed in a much shorter timeline and as your local real estate experts in Fairbanks, Eagle River, Palmer, Wasilla, North Pole, and beyond, we've included a much needed reality check for you below!

Myth: Buyers only choose from 3 homes
In nearly every reality TV show based on homebuyers, there are typically three homes toured before the buyer makes a decision and chooses one. While there may be a small percentage of buyers that truly buy one of the first few homes they see in Alaska, remember that the average homebuyers tours at...

Top 3 Features Alaskan Home Buyers Want This Spring

Homebuyers will soon be out in droves as the busy spring real estate season gets underway in Alaska. If you've already taken the steps to list your property in Fairbanks, Eagle River, Palmer, Wasilla, North Pole, or beyond or are planning to sell soon, the next step involves highlighting your home's key features that buyers will love.

The following elements of your home may seem like nothing to you, but to buyers, they could be just what they are looking for— Don't be afraid to point them out!

Location
You've heard the phrase "location, location, location" before and it never holds more true than when assessing your home's value. Is your home located near restaurants, shopping and entertainment? Do you have an excellent commute time from your neighborhood? Buyers will want to know! And...

Homebuyer Checklist: Documents You Will Need to Buy a Home in Alaska

When it comes to buying a home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and the surrounding communities, many do not know what is actually involved. From how much of a down payment you need to your credit score, numerous would-be Alaska homebuyers hold off as they do not think they will qualify.

But that shouldn't stop you this year as Madden Real Estate will walk you through everything you need, including the factors mentioned above, and these 5 documents that will be necessary to move forward with your Alaskan home purchase:

Recent paychecks
When determining your ability to take on a mortgage, your Alaska mortgage lender will want to see proof of income. In most cases, your last two pay stubs will do the trick! In others, they may want as much as two years...

5 Money-Saving Tips for Alaska Buyers to Follow in the New Year

While we are only days away from the new year (and still much more winter ahead!), the upcoming spring season is always a stand-out period for first-time buyers to enter the real estate market.

Why? Mortgage rates are still low, home prices are rising in addition to rents, and first-timers are ready to invest into something of their very own in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and beyond.

But when you are new to purchasing a home, you can overlook the many ways you can potentially save money in the process. Keep the following in mind as you house hunt this spring and as always, do not hesitate to reach out with any questions!

Look past cosmetic issues
Many first-time buyers in Alaska tour a home only to write it off because they didn't like the paint colors. Remember that...

5 Things to Avoid That Will Turn Off Alaska Buyers

With the majority of buyers today starting their Alaskan home search online, it is important to wow them during this initial look. If Fairbanks or Anchorage area buyers see something they don't like just from flipping through listing photos, they are less likely to ever make it to the front door for a showing or visit an open house.

So how do you pique the interest of buyers in Alaska without turning them off? Below are five things you will want to avoid as a home seller in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole and the surrounding areas:

Do not convert your garage
Keep in mind that a large number of buyers who will begin house hunting this spring are first-timers who are tired of renting, with others simply in the market for more space (which...

Protect Your Alaskan Home from Winter Weather

There's no doubt, the weather is frightful out there with temperatures steadily dropping. If you're stuck at home or freezing as you head outside each morning, you may be wondering if there are steps you can take to protect your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole and the surrounding areas this winter, especially from the harsh cold temperatures.

And of course, there are! Whether you've just purchased this home as a first-time homebuyer or you're a long-time homeowner in Alaska, the following steps can help you protect your home before the winter taks a toll on the property.

Keep Your Pipes Warm
Winter weather can cause homes in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole and the...

Common Reasons Alaskan Homeowners Overprice Their Homes

With home sales prices rising, many residents in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and beyond have begun the process of listing their properties to take advantage of this time in the market. But one common disconnect between homeowners and their agents is the price at which they believe they should list the property.

The price homeowners have in mind is oftentimes not realistic for the local market and takes into account a variety of factors including their emotional ties to the home. Finding a comfortable price for you can be a major obstacle when selling your home and you may need to compromise— just take a look at these common reasons homeowners overprice their homes in Alaska:

You think your decor is the best
Naturally, ...

Top Tips for Selling Your Alaskan Home in the Fall

As you may have heard by now, the real estate market's supply of homes for sale is trending lower than it has been in past years. But does that mean you should shy away from listing your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, or the surrounding areas this fall? Absolutely not!

The real estate market could use your home and if you've been thinking about selling, below are the top tips for a successful sale during this time of year:

Clean up the yard
This time of year, the leaves have started to change and fall and may be cluttering up your yard. Take the time to rake all of the debris currently in your yard to make a nice impression on potential buyers who may drive by...

Alaska Home Buying Advice to Ignore This Year

While you are shopping for a home in Alaska this year, your friends and family will likely offer all kinds of tips and advice relating to the purchase— things they learned from their experience with home buying or information they've heard about the current Alaska real estate market.

But that doesn't mean you should follow every tip they give you; in fact, it is always best to consult your real estate agent with any questions you have.

As your local real estate experts in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and beyond, Madden Real Estate has included four pieces of home buying advice NOT to follow this year to help steer you in the right direction and avoid any regrets later:

Wait until prices drop to buy a home
When...

Rules of Real Estate for Alaskan Homebuyers

Fall can still be a busy homebuying season for those in Alaska and with more sellers confident in listing their Alaskan homes, it's important to keep the real estate rules of the road in mind. Below are just a few real estate rules to remember, like using an experienced real estate agent, that should help you in your home search or sale this fall:

Don't Make an Offer Without Pre-Approval
Know what you can afford. This all starts with a pre-approval, meaning a lender has vetted your credit and financials and is willing to continue with the mortgage process. A pre-approval letter will tell the real estate agent and home seller how much you can afford in a home and the confidence that you are able to follow through on the purchase.

...

3 Things to Consider Before Moving to a Bigger Alaskan Home

With mortgage rates still hovering around historically low rates and home values rising, many Alaska homeowners are currently contemplating a move. Now is indeed the time to purchase a home with more storage space, more bedrooms, more overall square footage or even a home in a better neighborhood!

As your real estate experts in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and beyond, Madden Real Estate is happy to help you find your bigger, better dream home, but there are just a few factors to consider in your decision to move up.

The right mortgage
When moving up in Alaska, the type of mortgage you obtain is crucial. An adjustable-rate mortgage may be for you if you're not planning on being in the home for an extended amount of time. Adjustable-rate mortgages...