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...
While Alaskans "hunker down" and observe social distancing, the real estate market is going to slow. With business disruptions having a domino effect on incomes and the economy, a number of buyers and sellers will likely wait things out.
For Alaskan home buyers moving forward with their plans, there are 3 emerging trends to be aware of:
1. Mortgage lenders are beefing up credit quality. Higher credit scores, larger down payments and low debt-to-income ratios are being sought. Jumbo mortgages are seeing higher cash reserve requirements.
2. If sellers postpone their sales plans, home inventory could become very limited. As of early March 2020, the Anchorage area had just under 2 months of supply in price ranges under $350,000.
3. On the upside, mortgage interest rates should remain very low for a while.
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...
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...
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!
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?...
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...
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,...
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
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...
It's a busy season here in Alaska! In addition to summer vacations and fun in the sun, Alaskan homeowners will also be scheduling moves into the mix. This time of year, there is more time to pack, more time to scout where you'd like to live, more time to house hunt, more time to ensure you're getting the best possible deal and of course, more time to get your own home ready to sell.
Preparing your home to sell in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and the surrounding areas is equally as important as where you're going next. Before you list your property this summer, consider tackling these 5 important tasks that can really make an impact on local Alaskan homebuyers:
Clean out the drains
You may not...
Spring is almost here! And if you've decided to list your Alaskan home, it may seem like your to-do list grows longer and longer. You will need to start searching for a new home, clearing the clutter and packing up to make your move easier when the time comes. But it doesn't end there! One more added stress for you may be keeping your home buyer ready for showings.
There are dozens of little tasks you can check off to prepare your home for a showing in minutes and as your local Alaska real estate experts, Madden Real Estate is sharing a few with you below!
Mop or vacuum
Complete a quick cleaning of the floors in your entryway, kitchen and bathrooms. If necessary, spot clean debris on the floor with a sponge or towel.
We just shared Why You Shouldn't Wait Until Spring to Sell Your Alaskan Home, but now we're taking it a step further and sharing a few things you need to cross off of your homeowner to-do list before you officially list your property.
Remember that you will want to have your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, or North Pole in tip-top shape to outshine the others on the market and as your local real estate experts in Alaska, we are sharing a few tasks below to help you do just that!
Clean the gutters
Once the warm temperatures begin to set in, we're all eager to get outside again— but you're probably not in a hurry to venture up...
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 homeowners that will sell...
We recently shared How to Stage Your Alaskan Home During the Winter and this week we're taking it one step further with what exactly you should avoid when setting the scene in your Fairbanks or Anchorage home for buyers. Remember, staging can go a long way as staged properties oftentimes sell quicker and for more money than those that skip this step. However, that is only if you do it correctly.
As your local real estate experts in Alaska, you can count on Madden Real Estate to walk you through every step of the home selling process— including staging. Below are five things to avoid when ...
There's no doubt about it, winter has arrived here in Alaska! But if you have your sights set on a new home in Anchorage, Fairbanks, Eagle River, Wasilla, Palmer, or North Pole for the new year, don't let that stop you from listing your property now! There are plenty of ways to pique buyer interests during these colder months and with Madden Real Estate on your side, you can count on us to help you make it happen!
Home staging is one smart way to grab a buyer's attention and below are five ways to stage your Alaskan home successfully during the winter:
Boost winter curb appeal
Adding winter decor to the exterior of your Anchorage or Fairbanks home can boost your property's curb appeal, but it should lean on the simple side. Try a holiday wreath or fresh greenery outdoors, make sure all pathways are clear of snow for buyers, and consider adding classic white...
As I mentioned in our recent blog post, selling your home during the holidays in Alaska can be just as successful as selling during the spring and summer! But that doesn't mean you can simply add a For Sale sign to your yard and watch the offers roll in! Your Alaskan home must be well prepared for the market and up to par with what buyers want.
As your local real estate experts, Madden Real Estate can help you avoid turning away buyers unintentionally and that begins with removing a few of the following common items from your home:
Damage from pets
Remember that not all buyers will love pets like you do! If you have pet damage in your Alaskan home, like scratched floors or stained carpet, consider having them re-finished or install new carpet prior to listing.
Even if you just...
Many Alaska homeowners are left wondering whether or not they should sell their properties once the busy spring and summer seasons are over. While it may seem like the end of the year isn't the best for sellers, the short answer is yes! Today's homebuyers are constantly searching for homes on their smartphones, computers, and even have set up email alerts when a new Fairbanks, Anchorage, Eagle River, Palmer, North Pole, or Wasilla home becomes available and meets their requirements.
Don't be afraid to list your Alaska home during the holidays! It is still an opportune time to sell and as your local experts, Madden Real Estate has included a few tips below on achieving a successful sale!
Boost your online appeal
When you work with Madden Real Estate, you...
While every homeowner's reasons for selling their Alaskan home varies, there are a few significant signs that it's time to move on to a new property. Perhaps you've outgrown the space, your job is taking you to another area, or you're simply ready to take advantage of the current market— no matter what your reasoning is, you can count on Madden Real Estate to help you through the process.
Below are five signs it's time to move on to a new home in Wasilla, Fairbanks, Chugiak, Anchorage, Palmer, North Pole or Eagle River:
The market is booming
When sellers have an edge in the market, it's a great sign it's time to list your property and move on! If buyer demand is high and you have equity in your home (Find out with our Home Valuation!), you might like to sell and ...
The official beginning of fall is just a few weeks away and while you may have brought your pumpkin decor back out of storage, there are a few more steps to take to ensure your Alaskan home is ready for the season. As your local real estate experts in Anchorage, Fairbanks, Eagle River, Wasilla, Palmer, North Pole, and beyond, we've rounded up our best tips for preparing your home for fall.
Clean the Gutters
There is no denying that the fall season brings it's fair share of wind and rain, which means debris like limbs and leaves scatter into your yard— and gutters! You'll want to be sure your gutters are clear to allow for what the season has in store, otherwise they could overflow and wreak havoc on your siding or worse, your home's interior walls.
Put Away Furniture
Whether you have a small deck or a large patio for entertaining at your ...
The new year is nearly here and we're now in the thick of winter, with temperatures dipping low and snow piling up. While these conditions can make for beautiful scenery in Alaska, they can also wreak havoc on your Fairbanks AK area home if you aren't prepared. As your local real estate experts in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole and beyond, we have put together a list of top winter tasks to tackle in 2018 so you can enjoy the season without any surprises!
Consider the following your winter checklist for your Alaska home:
Clean your chimney
If you use your fireplace often, you will want to make sure it's been properly cleaned and inspected. Creosote build up can give way to chimney fires, so use...