Temperatures may be dropping as we get closer to the official start of winter, but buyer activity is still picking up! The number of Alaska residents planning to buy a new home does not halt and go into hibernation during the winter, in fact buyers now look for homes all year long!
So with homebuyers in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, and North Pole flocking to local markets, how can you stand out? Grab a pen and paper and make yourself a checklist to ensure you're on the right track to buy a home in Alaska.
Here are a few tips to give you that homebuyer edge over the others during this time of year— and even into spring:
Clean Your Finances
After you deck the halls this holiday season, turn your attention to your finances....
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,...
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...
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. ...
It is a major step to sell your home in Alaska and one that brings many important decisions along with it. Homeowners in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole and beyond will need to tackle choosing when to list, staging and of course, pricing.
Pricing your home is a delicate process and it should be done right from the beginning. With our decades of real estate experience at Madden Real Estate, you can be assured we will arrive at the best price for your property and the area, but as a home seller, it is always wise to do the extra homework.
As you think over the pricing aspect of selling your Alaskan home, here are a few things to keep in mind:
The listing price is key
When you ...
As you're shopping for homes in Alaska, you're likely taking note of features like paint color, flooring, the number of bedrooms and bathrooms and even yard size. These are all essential in determining whether a property is for you, but there are also a few others that should ultimately raise red flags and cause you to move on to the next home in your search.
With decades of experience in helping buyers in Anchorage, Fairbanks, North Pole, Palmer, Wasilla, and the surrounding areas find their dream homes, I have included three deal breakers below to ensure you're not purchasing an Alaskan home that will be a source of stress later.
Cosmetic elements like paint colors and flooring can easily be changed, but altering the floor plan of a home may not be in the cards— and...
When it comes to buying a home in Alaska, you would be surprised by the number of potential buyers that sit back because they do not think they will qualify for a mortgage. However, the reality is that qualifying for a mortgage is simpler than you think and as a result, you are missing out on the many benefits of homeownership!
If you're sick of renting, given the increasing costs each year, and are ready to settle into a place of your own, now is the time! Don't allow yourself to put off homeownership any longer, just research the facts. Consider the following your checklist of what it takes to qualify for a mortgage:
1. A Down Payment
Did you know nearly half of all ...
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.
Dust screens and...
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...
Whether you intend to be in your next home in Alaska for two years or twelve years, it is always important to determine resale value. After all, your home is an investment and you wouldn't want to invest in a property that you would have a hard time selling when the time comes to move on. That would only mean more money and homeowner headache for you down the road!
As your local real estate experts in Fairbanks, Anchorage, Eagle River, Wasilla, Palmer, North Pole, and beyond, Madden Real Estate can help you determine the best possible property for your budget and your family's needs— and one with great resale value! Here are a few ways you can determine a property's resale value in Fairbanks, Anchorage, Eagle River, Wasilla, Palmer, North Pole and the surrounding communities:...
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...
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 next year, rates are expected...
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 that may not come with...
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 damage or water marks....
It is not uncommon for Alaskan homebuyers to sit on the fence, wondering if there will be a better time to purchase a home down the road. Will you be able to get a better deal on a property in a few months? Will the real estate market slow down? These are all valid questions, but it's also important to consider the flip side and what it could cost you if you choose to wait to buy a home.
In today's market, interest rates continue to rise and waiting as little as a few months could cost you more than you think in your monthly mortgage payment. According to real estate news outlet Keeping Current Matters, the cost of waiting to buy is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time.
For instance, in today's real estate market with an interest rate of 4.4 percent on a ...
Gone are the days where homebuyers only searched for properties in Alaska when the weather was warmer, they happened upon a listing in the newspaper, or drove by a For Sale sign. In today's Alaskan real estate market, buyers are always switched "on," constantly looking for properties on their smartphones and computers, even setting up search parameters so potential homes land in their email inbox.
It doesn't pay to wait as a homebuyer in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, or North Pole. Your dream home could be waiting for you—even in the winter months—so...
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...
Searching for your dream home in Fairbanks AK or the surrounding areas is an exciting journey and one you may have been thinking about for quite some time. You'll tour dozens of homes before you find the best fit, carefully considering the number of bedrooms, bathrooms, square footage, and of course, location. However, you may also discover that a property doesn't check all of the boxes on your priority list. So, when should you compromise?
As your local real estate experts in Fairbanks, Anchorage, North Pole, Wasilla, Eagle River, Palmer and Chugiak, we have included below a few compromises that are worth making when house hunting in Alaska:
The size of the yard
Homebuyers in Alaska...
Excitement runs high when you purchase a new home in Alaska— you start to envision where all of your belongings will go, where your family members will stay, the purposes for each room, you name it. But remember, there is only one person that knows the property better than you at the moment and that is the seller.
In order to avoid any surprises down the road, and to get to know certain quirks that the home may have (that won't be listed on the inspection report!), Alaskan homebuyers can ask the seller the following questions:
What quirks does the home have?
Does the window in the bedroom stick when it gets warmer? Does the refridgerator make noises from time to time? You'll want to gather...
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 one! Take...