Alaskan Real Estate Market

How to Avoid Turning Away Alaskan Homebuyers

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.

...

Why Fall Is a Great Time to Buy a Fairbanks AK Home

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...

What is a Bump Clause in Alaska Real Estate?

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...

Home Staging vs. Hiding in Fairbanks AK Real Estate

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:

Painted Floors
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...

The Cost of Waiting to Buy a Home in Alaska— Rising Interest Rates!

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 ...

What You Should Know About Shopping for an Alaska Home in the Winter

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...

10 Ways to Protect Your Fairbanks Alaska Home This Winter

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...

Compromises to Make When Buying a Home in Fairbanks AK

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
...

What to Ask the Seller Before You Move into a New Alaskan Home

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...

4 Ways to Keep Your Alaska Home Purchase Affordable

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...

How to Shop for an Anchorage, North Pole, Fairbanks AK Home in the Winter

We recently shared a blog post on the 4 Ways to Successfully Sell Your Alaskan Home This Winter, but now it's time to turn the tables and focus on Alaskan homebuyers! Winter can be an opportune time to find your dream home—even score a deal—and with the help of the experts at Madden Real Estate, you will know exactly what to keep in mind as you browse available properties in Anchorage, Fairbanks, Eagle River, Palmer, Wasilla, and North Pole

Below are four reasons why you're on the right track by shopping for a home in the Alaskan winter:

You can spot flaws
While ...

Easy Tips to Prepare Your Alaskan Home for Fall and Winter

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...

How to Prepare to Buy A Home in Fairbanks Alaska This Summer

While inventory may be lower than it has been in past months, there is no shortage of homebuyers in the Fairbanks Alaska area! Buyer traffic has continued to rise and with May having just begun, it's safe to say we are in for a busy summer in the local real estate market!

If you have just started your home search in Fairbanks, Anchorage, Eagle River, Wasilla, Palmer or North Pole, now is the perfect time to prepare to make your home purchase a reality. Below are five ways Alaskan buyers can prepare to purchase a home this year:

Research your creditYour credit score will be an important piece of the puzzle when meeting with a lender. They will comb through your credit, pulling your scores from the three major reporting...

Fairbanks and Anchorage AK Home Projects That Do Not Pay Off At Resale

In a previous blog post, I introduced you to how you can renovate your home in Alaska while increasing your property value. Projects like remodeling your kitchen and bathrooms, redecorating and boosting outdoor appeal are all excellent ways to ensure you have a favorable turn-out when the time comes to sell, but it's also important to keep in mind those that can do the opposite.

If you have home projects on the horizon this year, you will want to steer clear of the following three that can hurt your property value in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla and the surrounding areas:

Removing bedroom space
Maybe you'd like to expand your closet, create a recreational space or even make room for a master suite— but just remember, once you've decreased the number of...

3 Ways to Get Your Alaskan Home Ready for a Quick Sale This Year

If you read our last blog post on trends in Alaska real estate, you'll notice a common theme— lack of inventory! Alaska needs more listings in order to fulfill demand from those buyers currently searching for "the one," but left with few choices. So what's in it for you if you decide to pursue listing your home in Fairbanks, Anchorage, North Pole, Eagle River, Palmer or Wasilla now? Aside from the fact that homes in Alaska are still selling at reasonable rate, home values are also increasing!

Our team at Madden Real Estate can help you sell your home as efficiently as possible and to help move things along, we're sharing a few tips to help prepare your property for a quick sale:

...

Celebrate the Fourth of July in Fairbanks, Anchorage, Eagle River, Wasilla Alaska!

Fourth of July in Alaska is just two days away! It's time for parades, games and entertainment in the park, socializing with family and friends and celebrating America. Lucky for us, the communities of Fairbanks, Anchorage, Eagle River, Wasilla and more have dozens of fun activities and events planned to kick off the holiday. 

And with this year's holiday falling on a Saturday, why not start the weekend and celebrate a day early? The Eagle River Fireworks are just the place to begin the festivities! On Friday, July 3, 2015, Lions Community Park in Eagle River will host their community-wide celebration starting at 6:30 PM with entertainment and games. The event will end with fireworks at midnight, sponsored by the Lions Club. With 19 hours of sunlight, the fireworks will go up just as the sun goes down!

In ...

Curb Appeal Matters

It's true!  Even in Fairbanks, North Pole and Eagle River, curb appeal makes a difference.  What can you do to increase your home's ability to sell?  We've compiled a list of tips to help you increase your curb appeal.  Check it out!

...