Whether you're currently searching for the right home in Fairbanks, Anchorage, Eagle River, Palmer or North Pole or have just purchased one, this will likely be the biggest purchase you'll ever make. Many months, even years, of saving go into a home purchase, so it's important to be financially smart during this time.
Many homeowners get carried away once inside their new Alaskan property and start buying items to make their house feel like a home. While some of this is necessary and exciting as a new homeowner, below are five ways to avoid over-spending once you are handed the keys.
Don't purchase costly furniture
If you've just moved into a home in Fairbanks, Anchorage Alaska,...
Early in the year has been hailed as one of the best times to list your home in Fairbanks or Anchorage— but what exactly does that mean? According to supply, demand and outcomes for home sellers, the time is now! Mid-March to mid-April is a window of opportunity for home sellers who are motivated to move.
Patterns of home sale productivity tend to follow the weather; the exact time to list your home can ultimately be pin-pointed based on temperature. Now given that we've had a warmer past few weeks, listing your home now through mid-April would be a wise choice, but as always, Madden Real Estate can help you find the best timing for your specific situation.
Listing during this window of opportunity—mid-March to mid-April—is typically when home sellers are...
With spring just around the corner, Alaskan residents are ready for a fresh start. Many will begin home improvement projects, boost curb appeal, clear out the old clutter and most importantly, start the process of spring cleaning. Not only will spring cleaning help to scrub away the dull effects of winter, but it can make a big difference in the eyes of a homebuyer.
Regardless if you're planning to sell your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla or North Pole this year, consider this your guide to spring cleaning and giving your property a much needed face lift.
Start by getting organized
Just like with any project involving...
With mortgage rates low and new down payment programs in place to widen access to homeownership, Alaskan homebuyers are feeling confident. However, the age-old question persists: Do you jump into the real estate market and buy a house in Alaska or stay in your safe zone and continue to rent?
It is true that the reasons are different for every homebuyer and each financial situation will vary. But given where home prices are headed in 2015, it's time to set your sights on homeownership! Here are 4 important financial reasons to consider in your decision to buy:
2014 seemed to be a series of ups and downs for the real estate market and now that we're into the new year, we've turned a corner. According to Time Magazine, 2015 will be a "drama-free zone" for housing. This year, the market will be back to fundamentals and both Alaskan homebuyers and home sellers can benefit.
Also contributing to a calmer, healthier real estate market is the growing economy, coupled with low mortgage rates."The 30-year fixed [rate mortgage] isn't likely to pass 5%," reported Time. "Bubbly gains in housing are [also] unlikely."
Although these are just two reasons the real estate market is returning to a...
According to a new study by real estate brokerage Redfin, winter is the best time to sell your Alaskan home. In fact, the season poised between December 21 and March 20 brings more focused buyers and sellers to the market than any other time of year.
Now that the new year is here, it's time to get a jump on selling your home in Fairbanks, Anchorage, Eagle River, Palmer or Wasilla and with a few specific resolutions, you can take advantage of all that this opportune real estate season has to offer.
Appeal to buyers where they look
Most homebuyers in the Alaskan real estate market today begin their search for a new home online. Optimizing your listing with quality photos and descriptions is...
It's Christmastime year-round in North Pole, Alaska, but with the holiday officially here next week, it's time for the surrounding communities to prepare to relax and enjoy. And not just to open your Fairbanks, Anchorage home to family and friends— there are a few steps to take to ensure you have a stress-free week sans holiday disasters.
- Be aware of what you're sharing on social media. Don't be too quick to detail your plans for a holiday vacation online, including where you're going, when you're leaving, when you'll be back. You don't want anyone to know exactly when you won't be home.
- December is the worst month for electrical fires. Be careful not to overload outlets and extension cords. Always check your holiday lights for...
If you're a first-time homebuyer in Alaska or have simply not owned a home in several years, obtaining a mortgage is about to get easier for you. All thanks to new lending guidelines from Fannie Mae and Freddie Mac that will allow for down payments as low as 3 percent.
This week, both mortgage giants announced the new 3 percent down payment options on home purchases. For Fannie's program, first-time homebuyers can start to take advantage of the low down payment option as early as December 13. For Freddie, the new program will officially roll out on March 23, 2015.
These new mortgage...
Whether you live in Fairbanks or Anchorage, Eagle River, Palmer, Wasilla or North Pole, winter in Alaska can be a wonderful time of year. However, when the temperatures dip low and your home isn't prepared to keep you warm, your attitude toward the season can take a turn. We recently shared a few tips for preparing your Alaskan home for winter, but the following are especially important for staying cozy through the cold months ahead.
The process of buying and selling a home in Alaska can be overwhelming, no matter how many times you've been through it. Along the way, questions will need to be answered, contracts will need to be signed, and mortgage terms and conditions will need to be discussed— that's where a real estate agent comes in! Madden Real Estate makes sure the process is as easy as possible for you and will handle everything from home search to home closing and everything in between.
Before you decide to go it alone this year, consider these four reasons to work with a real estate agent:
We handle the paperwork
Whether you're buying a home in ...
Winter is almost here again in Alaska, which also means the holidays are right around the corner! There is no better place to spend the holiday season than in Fairbanks, Anchorage, Eagle River, Palmer and especially North Pole. There are many festive ways to get into the spirit in Alaska this time of year, including the following events coming up next week:
Skinny Raven Turkey Trot
November 27th, 2014
Dena'ina Civic and Convention Center
The annual Turkey Trot race is perfect to participate in before your Thanksgiving dinner. This year, the 5K and 3K have new loops and both start and finish inside the ...
Despite the current real estate market conditions—mortgage rates, increasing inventory—some Alaskan homebuyers are still on the fence about purchasing a new property. However, some of the common reasons for not buying can be explained away as myths. Don't let these stop you from settling into your dream home in Alaska yet this year.
Madden Real Estate can assist from home search to home closing, including debunking these common homebuyer myths:
You can't afford a home
This is likely the most common myths that will delay a home purchase, but the truth is you can afford it. Mortgage rates are still low by historical standards and depending...
As a homeowner in Fairbanks, Anchorage, Eagle River or Palmer, you design your home to fit your needs and tastes. However, as a home seller, you need to see your home through a different perspective. This fall, many Alaskan homeowners will make updates and check home improvement projects off of their lists before winter arrives— just don't get too carried away.
There are a few updates that are not appreciated by all homebuyers. Keep these in mind in order to avoid turning homebuyers away from your property in Fairbanks or Anchorage. When your home closing arrives, you'll be happy you removed that wobbly ceiling fan and decided against the wallpaper.
Homebuyers in Alaska...
The real estate market has recently seen a series of welcome changes that could greatly help Alaskan homebuyers purchase their dream home in Fairbanks, Anchorage, Eagle River, Palmer or North Pole this fall. Mortgage rates dipped to their lowest levels in over a year, thus making homes more affordable for Alaskan buyers, and existing home sales have reached their highest annual pace! Not only are buyers confident in their ability to purchase a home, but in their ability to purchase one at a great price.
However, the common question facing homebuyers in Alaska is not always if they should buy a home, but when they should buy a home. Prospective homebuyers are constantly trying to "time" the market...
It seems like fall only just started, but we're now already nearing the end of October! The winter months will be upon us before you know it and preparing your homes in Fairbanks, Eagle River, Anchorage and Palmer Alaska now will keep you from tackling tiresome projects in the cold. If you haven't already, this fall is the time to cross items like checking the furnace and storing garden hoses off of your list. You can also use the following as a checklist to ensure you'll be able to enjoy the busy holiday season in beautiful Alaska without a homeowner hassle.
You'll want to take care of the exterior of your Alaskan home before the mercury takes a tumble, especially your yard and roof. Any damage or debris that is present now can present many problems if left unattended and covered in snow or ice.
Home sellers in Fairbanks, Anchorage, Eagle River, Palmer and North Pole this year will begin to think about the special aspects of their home that will set it apart from others in the Alaskan real estate market. Is it the number of bedrooms, the square footage or the prime location that will bring the homebuyers to the front door? Not this fall! The "Special Function" room is back in demand for Alaskan homebuyers— meaning if you have an outdoor living space, home office, mudroom or media room, your home could bring more traffic than others.
For some time, special function rooms had disappeared from Alaskan properties, especially newly-built homes when the market was headed downwards. But now that both homebuyers and home sellers...
For the first time in eight years, consumers have a positive outlook on the real estate market and feel confident it is headed in the right direction.
The findings are a result of a new Gallup poll that previously pegged Americans losing hope in the market from 2003 to 2008. During that time, home prices had begun falling rapidly and homeowners were losing value. However, the overall view of real estate has since made a sharp turn from these low points and suggests both homebuyers and home sellers are expecting a bright recovery.
We have just stepped out of the busy summer buying season, but fall can be just as lucrative a time in the local Alaskan real estate market. Below are a few of the reasons this season is optimal...
Sometimes the decision to sell your home in Fairbanks or Anchorage has nothing to do with the mortgage rates or the real estate market at all. For many home sellers in Alaska, deciding to sell can simply be because the home isn't doing it for you anymore. Whether that means the home needs repair after repair, you've outgrown it, or the upkeep is just too much— the team at Madden Real Estate is your go-to for getting out of a home you loathe and into a home you love.
Not only do we have a custom marketing plan, but a Guaranteed Sales Program that ensures a successful home sale— or we'll buy the house from you! If you've been feeling the separation from your current Alaskan home, here are four solid...
A new season is here in Fairbanks, Anchorage, Eagle River, Palmer and along with it comes new festivals for residents and tourists alike to enjoy. Fall is a great time to get out and explore everything Alaska has to offer, including the beautiful landscape and changing colors. No matter where you live—from North Pole to Chugach to Wasilla— there are plenty of events to enjoy!
Here are three events you can plan to attend this October:
Make It Alaskan Festival
October 3-5, 2014
Friday: Noon to 8 PM; Saturday: 10 AM to 7 PM; Sunday: 11 AM to 6 PM
The Make It Alaskan Festival returns again this year, just minutes from downtown Anchorage. The oldest and largest event of its kind in Alaska,...
When you purchase a home in Alaska, you are likely thinking about new home projects, your finances, the mortgage payment. What you might not be thinking about is how much of an impact that home sale has on the local Alaskan economy in places like North Pole, Eagle River, Fairbanks and Anchorage.
The National Association of Realtors recently recorded findings from a Bureau of Economic Analysis & Macroeconomic Advisors study, taking into account the results of a home purchase. As it turns out, the total impact one typical home sale has on the local economy is just over $52,000.
Alaskan homebuyers are often unaware of how much their single home purchase can affect their community and tend to sit on the sidelines...