The question on many Alaskan homeowner minds right now is whether or not to sell yet this winter or wait for better weather in the spring. It may be tempting to want to wait until the warmer months to list, after all more buyers will be out and about in the spring, right? Not so fast! That is not always the case!
There are many perks to selling your Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, or North Pole area home this winter, without waiting until spring, and as your local experts, Madden Real Estate has listed a few of them below.
There will be more competition in spring
By listing your Alaskan home now, you avoid the wave of...
Fall is here in Alaska and with the changing of the seasons comes a new opportunity to start fresh in a new home! Summer may indeed be one of the busiest times for real estate, but that doesn't mean your time to buy ends when the clock strikes fall.
Now is one of the best times to make a move to a new home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla and North Pole and we've included a reasons for you below:
Mortgage rates are rising
It is true that mortgage rate are still near record lows in Alaska, but they won't stay this way forever! 30-year mortgage rates have already increased half a percentage point and are expected to rise again over the next 12 months. In fact, by this time...
If you're just beginning the home buying process in Alaska, your first step will be getting pre-approved with a local lender. Next up? Finding your dream home and submitting a mortgage application to keep the purchase moving forward. However, many buyers find their application in the rejection pile due to factors they weren't aware of at the time.
As your local real estate experts, Madden Real Estate has provided below four reasons why your mortgage application may be rejected so you can be sure to avoid them:
You don't have enough credit
While poor credit can put you in a sticky situation with lenders, not enough credit can do just the same. It is essential to...
You likely already have a picture in your head of what you'd like your dream home in Alaska to look like. Maybe it's a new construction home in a family-friendly neighborhood or maybe it's a fixer upper that you can make your own. If the latter is more your style, you'll want to keep your eyes peeled for a certain set of features that will help you tell the difference between a property with potential and a money pit.
Below are four things to look for in Alaska fixer upper homes to avoid a homeowner headache down the road:
Sound Structural Elements
When you move into a new home in Alaska, it can be quite costly to need to replace major structural parts like the...
You've found a buyer for your Alaska home, they've put in an offer, but now what? How can you be sure you won't receive a better offer than the one they submitted? Will you be able to accept a better deal if it comes along? As a home seller, you'll want to get to know the bump clause.
Bump clauses are getting a lot of air time in today's real estate market as they allow the seller to enter into a contract with a buyer while continuing to market their property. If they get a better offer, they can "bump" the original buyer.
Bump clauses are commonly used when a buyer has a contingency attached to their offer, meaning they need to sell their current home first or have placed the sale contingent upon factors like the inspection or appraisal. The bump clause will allow sellers to attempt to reach another buyer...
When shopping for homes in Alaska, it is easy to get distracted by home features like the number of bedrooms, bathrooms, kitchen updates, backyard, and of course, the location. And while it is important to take note of these items on your buyer wish list, you will want to keep your eyes open for flaws or major problems that could be covered up by home staging.
Below are four signs a Fairbanks AK home seller could be trying to hide something with home staging:
Even though you have pets of your own, that doensn't mean you want to pay for another homeowner's pet damage. If you happen to pull up carpeting in an Alaskan home and notice paint on the floor, the homeowner could be trying to cover up pet...
After months of the snow and cold, it's finally time to welcome the warm weather, green grass, and sunshine back to Alaska! But even though we'll all be headed outdoors this summer, there are still a few projects to check off of your homeowner to-do list to ensure your property is ready to handle the season.
Powerwash your home's exterior
From the driveway to the siding, the winter dirt and grime can take a toll on your Alaskan home's exterior. Consider renting a powerwasher—or purchasing one if you'll get more use out of it—to get your home looking clean and fresh for the new season.
Seal your deck
If you haven't properly sealed your deck, months of moisture have likely been seaping into the wood which can pave the way to rot and a less-than-ideal appearance. Test a patch by pouring...
Everyone loves a good deal— especially when it comes to real estate! However, in today's real estate market, actually purchasing a home for under asking price can be a rare occurrence. Real estate agents in Alaska—and all over the country, for that matter—typically advise against making lowball offers as you could risk offending the sellers and lose out on the home entirely.
But does that mean it can't be done? No! With the right expert on your side and under the right conditions, you can successfully make a lowball offer on a home in Anchorage, Fairbanks, Eagle River, Palmer, Wasilla, or North Pole. Below are four scenarios that would call for making a low offer:
The home is outdated
Home sellers in Alaska can turn...
Many Alaskan homeowners tend to believe spring is the best time to list their property and prepare to move on to a better, more suitable home. And while they may not be wrong, it is important to note that selling is not always the best answer for every scenario. Depending on how long you've spent in the home and your location—among other factors—it may be ideal to consider staying put and simply making a few improvements.
Below are five questions to ask yourself as you determine whether to sell or renovate your Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, or North Pole home this spring:
How long have you been in the home?
If you have spent decades...
September is here! Temperatures have started to cool down here in Alaska and it's time to begin thinking about all that fall and the coming months will have in store. And while changing colors and pumpkins are just two aspects to look forward to, wet weather and falling leaves are also major players, so you will want to make sure your Fairbanks AK home is prepared!
Set aside a weekend or two to complete the following five tasks around your Alaskan home this month:
Clean the gutters
When the leaves start to fall and the rainy days become more frequent, it's always helpful to have your gutters in clean, working order. If there aren't there yet, grab your ladder and head up to the roof to give them a thorough cleaning. Gutters should be free of all debris and clogs before the season...
Spring is an exciting time of year where everything is beginning to come alive again— the weather, the flowers and even, the homebuyers! Many first-time buyers will enter the Alaskan real estate market in the coming weeks and months, ready to land their dream home. However, the truth is if you're not careful or prepared, you could run into the same common obstacles that others have tripped over.
Below are four mistakes that first-time buyers should avoid this spring:
Rushing into the purchase
As you shop for homes in Alaska this spring, it's important that you take your time. Do not feel pressured into a home purchase simply because there are other offers on a property or due...
When it comes to buying a home in Alaska, there are many moving parts that can easily begin to overwhelm you and cause you to step back. For instance, did you know that misinformation about how much is required for a down payment is one factor that keeps buyers from purchasing their dream home?
Don't let that be you this year! The fear of not being qualified to purchase a new home in Alaska may seem very real, but there are a few simple ways you can keep it affordable!
Strengthen your credit score
Before you take the initial steps to buy a home in Alaska, it's important that your credit score is as high as you can manage. The ball is in your court with this...
While many Alaskan homeowners tend to believe that spring and summer are the best months to sell, winter presents a wealth of opportunities that the other seasons just do not. For instance, did you know that homes tend to show better in the winter months? The cozy feelings of the cold weather season can play to your favor when appealing to buyers in Fairbanks, Anchorage, Palmer, Wasilla, Eagle River, North Pole and the surrounding communities.
However, that doesn't mean your home is automatically ready to list and successfully sell this winter. There are a few extra steps you may need to take to ensure you're in tip-top shape for today's buyers. Below are four ways to set yourself on the right path as an ...
There's no doubt about it— the cold is here! You may have started reaching for more layers, piling on extra blankets and turning up the thermostat in your Alaska home, but there are a few more ways to bring extra warmth indoors this winter.
As your local real estate experts in Anchorage, Fairbanks, Eagle River, Palmer, Wasilla, North Pole and the surrounding communities, we are happy to provide the following tips for keeping your Alaskan home warm this winter.
Use your curtains
Thicker curtains are a simple way to keep heat inside your home this winter and avoid losing it through the windows.
Let the sunlight in
During the day, open the curtains and blinds and let as much natural light in as possible. As soon as the sun fades, you can return them to their closed position...
With mortgage rates slowly climbing, many residents in Anchorage, Fairbanks, North Pole, Palmer, Wasilla and the surrounding areas are wondering if now is the time to purchase a home or if they should wait it out to see what the new year brings. As your local real estate experts in Alaska, Madden Real Estate can share that now is the perfect opportunity to become a homeowner!
In fact, buying a home is now cheaper than renting in 100 of the largest metro areas by nearly 40 percent! Owning a home is not only a great way to begin building wealth, but it acts as a means of "forced savings" where you can essentially pay yourself just by paying down the balance of your mortgage.
Below, we've included five reasons to help you determine if...
Deciding to buy a home in Alaska is a big step! But next on your list? Finding the perfect real estate agent to help you through the process. By choosing just anyone, finding your next home can be more of a headache than a happy time— but by choosing an expert, you will eliminate many of those problems that can easily arise.
Below are four things to expect from your real estate agent in Alaska and remember, you can always count on Madden Real Estate to provide each one!
They should find you the right home
The right real estate agent in Fairbanks, Anchorage, Chugiak, Eagle River, Palmer, North Pole, and Wasilla will not be focused solely on making a sale, but instead on finding you...
After you've purchased your first home in Alaska, there are many tasks to tackle— from moving all of the furniture to organizing to landscaping. In fact, new homeowners can be so busy with the hustle and bustle of their new property that home security measures can fall by the wayside.
New homeowners can be especially vulnerable to security risks and as your local real estate experts in Alaska, we're sharing five tips to follow for peace of mind:
Know before you buy
Before you buy a home in Anchorage, Fairbanks, North Pole, Eagle River, Palmer, or Wasilla, it is wise to research the...
Fall is an excellent time of year to consider selling your home in Anchorage, Fairbanks, Eagle River, Palmer, North Pole, Wasilla and the surrounding areas! And a major part of your home sale success? Staging!
Staging allows your home's best features to shine through, sparking buyer interest, and bringing you the offers you've been dreaming about. It's essential to stage rooms in your Alaskan home like the kitchen, living spaces and bedrooms, but what about the basement? If your Alaskan property boasts a large basement, you will certainly want to show it off with the following tips!
Organize the space
You can use your basement for storage, but if you're ...
Fall is officially here in Alaska! The kids are back in school, temperatures have already started to dip and the leaves are now turning colors and falling. Soon enough, we'll be tempted to turn up the heat and settle in for the long months ahead. But is your Alaskan home prepared?
Madden Real Estate has included several tips below to help you get your home ready for the upcoming fall and winter seasons:
Clean your gutters
Clogged gutters can cause serious problems like water damage to interior falls, leakage through your foundation into your basement, rodent infestations and more. Not to mention, in the winter months, clogged gutters can lead to ice dams. Now is the time to clean them out and run water though them—you can do so with a hose—to ensure there are no blockages....