When buying your first home in Alaska, it’s easy to get caught up in the excitement of house hunting and dreaming of what memories you’ll make there. However, as fun as it is to begin the process of buying a home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, or North Pole, it’s also important to be realistic about what it takes and what you’ll find.
Too often, homebuyers are caught off guard once they enter the local real estate market, only to find their dreams may not always be achievable. As your local real estate experts in Alaska, it is our goal to help you manage expectations and find the perfect home as we head into the new year.
Below are some of the top Alaskan homebuyer myths...
Thanksgiving is in just a few weeks and Alaskan homeowners may already be planning to bring all of their decor out of storage, preparing to deck the halls for the holidays. However, if you're a home seller, there are a few key rules to keep in mind as you decorate.
You can find great success in selling your home during the holiday season and the right staging can help buyers feel more at home. Remember the following tips for staging during the holiday season and you could just give your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and beyond the competitive edge it needs to sell!
Curb Appeal Begins at the Front Door...
When you think about the holiday hustle and bustle—shopping, events, decorating—it may seem like the last thing you should add to your plate is selling your home.
After all, aren't spring and summer the best times to list your home in Alaska? In the past, that may have been the case, but this year is shaping up to be different and the holidays could end up being the best time of year to sell your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and beyond.
Why? A recent Foot Traffic report from the National Association of Realtors shows that there are more buyers out right now than there have been at any time in the last twelve months. This also means that there are more buyers currently looking for homes than there were during the...
As you think about selling your home in Alaska, one of the first questions to cross your mind is likely, "How much is my home worth?" Your home value will play a major role in the success of your sale, but there are many aspects of finding this number that Alaskan homeowners simply do not understand.
We've included a few key ideas to consider as you research your home value and prepare to sell your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and the surrounding areas this year:
Listen to your real estate agent
Determining your home value is a task best left to the experts, so do not be afraid to consult your real estate agent. Your agent can run what's called a "comparative market...
Fall is a great time to sell your home in Alaska— in fact, the market has been heating up for months! Motivated buyers are everpresent in today's real estate market, home prices are rising, and more importantly, properties are moving quicker than they have in the past. Listing your home now is an excellent idea as buyers may not have found "the one" on their search this summer and yours could be it!
So what comes next? Soon after listing your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, or the surrounding areas, you may find buyers scheduling showings to take a tour or have an open house planned and it's important to be prepared.
Follow these tips for securing your home for a showing or open house in Alaska:
Take your remotes
You may not think about...
Fall is nearly here! But before the leaves begin to drop from the trees and we finally turn down the AC, there are a few tasks to tackle around your Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, and North Pole area homes. From cleaning the gutters to turning off the water to the garden hose, Madden Real Estate has compiled a list of fall home maintenance tasks to add to your to-do list.
Clean out the gutters
To make room for the leaves and debris that will fall into your Alaskan yard this fall, it's important to clean out your gutters now. While you're on the roof, you can also check for any damaged shingles that may have occurred over the summer and take the necessary steps to repair them.
Turn off outdoor water
You probably have your garden hose hooked up and have used it all summer, but you'll...
In past blog posts, we've shared the answers to common Alaskan homeowner questions, including whether or not you should sell your home or simply renovate as well as trends to avoid to appeal to homebuyers. This week, Madden Real Estate is elaborating for those homeowners in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, and North Pole who choose to list their property and take advantage of the numerous buyers in the market.
But does everything need to be fixed before you can officially place that For Sale sign in the yard? Read on for four things that you can pass on this year:
Unless you plan to renovate your entire kitchen or bathroom, you don't need to bother making partial updates. For instance, don't bother placing an expensive new stone like a marble or granite on top of your old cabinets. Making...
Becoming a homeowner in the Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, and North Pole areas is exciting, but the thought of paying on your mortgage for the next 30 years may be anything but that. Not to mention, there are many other expenses associated with your home purchase— the inspection, the down payment, the closing costs.
Alaskan homeowners can easily feel overwhelmed, but as your local real estate experts, Madden Real Estate is happy to provide a few ways to keep those expenses down and pay off your mortgage early!
Make an extra payment
One of the simplest ways to start paying down your mortgage is to make one extra payment each month. Most lenders today do not have pre-payment penalties...
In today’s real estate market, inventory is low, competition is fierce, and other buyers are willing to do whatever it takes to secure a home. As a result, bidding wars are becoming more and more common and buyers can easily find themselves in a multiple offer situation.
Madden Real Estate has decades of experience to help you get through a bidding war in Alaska real estate and we've included a few of the best tips for local buyers in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and the surrounding communities below!
Set Emotions Aside
In a bidding war, it’s best to set your emotions aside. We know all too well how easy it is to fall in love with a home in Alaska, get your hopes up, and then quickly...
If you are a current Alaskan homeowner or renter, now may be the time to consider if your living space is suitable for both your immediate and future needs. Given the high number of buyers in today’s market and rapidly rising home prices, local buyers should act sooner rather than later when it comes to selling your Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, or North Pole home and moving on to make a purchase.
As your local Alaskan real estate experts, Madden Real Estate understands the importance of moving up (or down!) if it means your home will be better suited to your needs. How can you tell which is right for you this summer? We’re including a few of our best tips for you below!
If you’re not sure if you need to upsize or downsize ...
With the weather warming up, it seems obvious that buyers would be looking more closely at outdoor spaces when shopping for homes in Alaska. In fact, we even shared Outdoor Features Buyers Want This Year in a past blog post! That much is true— however, they may be even more specific when it comes to what they don’t want.
Buyers in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and the surrounding areas have a wish list and as the market heats up, their outdoor wants will become more important.
Below are a few outdoor trends to avoid when selling your Alaskan home this season:
Geometric or straight layouts
It used to be a popular trend in outdoor design to have crisp, clean, straight or...
Buying a home in Alaska is undoubtedly one of the biggest purchases you will make in your lifetime. It's important to thoroughly research ahead of time, especially as you begin the mortgage process and working with an Alaskan lender.
However, finding a lender you trust can be a process in itself, not to mention remembering to ask the proper questions. Below we've included five great questions to ask Alaskan lenders this year as you prepare to buy a home in Fairbanks, Anchorage, Eagle River, Wasilla, Palmer, North Pole or the surrounding areas.
1. Is now a good time for me to buy?
A lender will look at your financial situation and determine if now is the best time for you to buy a home.
2. Which debts should I pay down first? And how soon?...
Spring is a wonderful time of year in Alaska, but while it may be hard to believe, summer will be here before we know it! If you're planning to list your home when the weather is warm, there is one area that you may want to turn your focus to in order to boost buyer interest— the outdoors!
Late spring and summer are ideal for spending days outside in the yard, gathering on the patio or entertaining on the deck and homebuyers will be looking for Alaskan properties with outdoor spaces to offer. According to a new study, there are several outdoor trends that can help to sell your home this summer and Madden Real Estate is happy to share some of them with you below!
In past blog posts, we've shared how you can boost your curb appeal (including adding privacy!) in Fairbanks, Anchorage, Eagle River, Palmer,...
By now, you may have heard about a lack of inventory in the real estate market or noticed it for yourself as you begin house-hunting in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, or the surrounding areas. Inventory has been trending on the lower side for months and while it may be frustrating for buyers, it has contributed to what’s called a “seller’s market.”
A seller’s market is one in which homeowners have the upper hand, which can lead to quicker and easier sales. For buyers, it likely means more competition for the house of your dreams in Alaska.
If you are a home seller this year in Alaska, mind the following ways you can prepare for a successful sale:
Inspect and disclose
As a homeowner, it is wise to disclose any known issues associated with your property...
The two major costs associated with buying a home in Fairbanks, Eagle River, Anchorage, Palmer, Wasilla, North Pole, and the surrounding communities are the down payment and the monthly mortgage. However, there are a few others that buyers tend to overlook— causing both surprise and shock when the time comes to sign on the dotted line.
It is always wise to do your homework prior to house-hunting in Alaska to ensure that you understand each and every one of the costs involved.
Below are four hidden costs of buying a home and to avoid disappointment later, it is important to factor them into your budget before you find the one.
Alaskan home buyers can expect closing costs to span anywhere from 2 to 5 percent of the home's value. Your...
March has arrived and before we know it, the birds will be singing, the weather will start to warm up, and spring will be in full bloom. But before we can get there, there are a few tasks you will want to cross off of your Alaskan homeowner to-do list— cleaning your gutters, for instance.
Below are four tasks to add to your homeowner to-do list this month and you will be ready to enjoy the spring season ahead!
Clean your gutters
Debris has likely built up in your gutters over the past few months and if not tended to, it can cause a variety of problems both inside and outside of your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and beyond. Take a weekend to clean out the gutters and flush water through to ensure the spouts are in proper working order.
Repair cracks in walkways...
When shopping for a home in Alaska, there will be many factors to consider, making it easy to overlook others. For instance, if you're concerned with the number of bedrooms, you may be quick to pass over how long your commute might be in this new location (if you're not working at home these days, that is).
As your local Alaskan real estate experts, Madden Real Estate has included below five factors not to overlook in homes in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and beyond:
Your commute time
As we mentioned above, if you're not working from home and are driving into work, it is important to take into account how long it will take you to get there each day from a new location. You may love the home itself, but if it's going to take you much longer to commute every day, you will want to weigh your options.
The neighborhood at different...
If you've been thinking about selling your home in Alaska, 2021 is the perfect time to do so! Many buyers, both first-time and seasoned, are in the real estate market in droves, all searching for their dream home, but are being met with less inventory than there has been in the past.
Alaskan home sellers are in high demand, but you may be contemplating the best route to take— FSBO (For Sale by Owner) or work with a real estate agent? The perks of working with an experienced agent are numerous and if your motive for considering FSBO is simply to save money, you might like to think again!
Your agent will do the negotiating
Think of all of the parties involved in a home sale in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and beyond, from the buyer and their agent to the appraiser and inspection company. There are...
We've shared recently about Why You Should be Optimistic About 2021 Real Estate and to continue on down that path of real estate positivity, we're now breaking down why the current market offers the best opportunity to sell in YEARS!
If you're a homeowner in Alaska, don't be too quick to write off this spring, given the global health situation, as a poor time to list your home. In fact, the local market conditions present a lucrative scenario for sellers!
Below are five reasons why now is the best time in years to sell your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole or the surrounding areas:
Home Buyer Demand is High
The pandemic may have slowed many things, but buyer demand is not one of them. Buyers are determined to upgrades their homes, realizing that what they have may no...
As a home seller, it’s important to note that hiding flaws from buyers is simply not an option. If your Alaskan home is in need of repair, it’s better to remedy the problem entirely than to hatch a plan for a quick fix that could send buyers running for the door.
Fairbanks and Anchorage area home sellers will find their transaction runs much more smoothly if they fix the problem versus finding a way to cover it up for the time being.
If you’re planning to sell your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, or the surrounding communities this year, you’ll want to take a look at the following five problems that can arise for homeowners and how to fix them.
Problem: Stained Ceiling
How to Fix: Instead of painting over a stained ceiling, from a...