While summer has just about finished and Alaska residents may not yet be ready to think about winter, homebuyers would be wise to start the real estate process early. There's a reason summer is busy for the Alaskan real estate market— conditions are ideal for moving and families are ready for a change of scenery. If you sat on the sidelines this summer, not quite ready to purchase a home in Fairbanks or Anchorage, no problem! But you won't want to wait until winter to make the move.
Prices will be higher
You may have already noticed that home prices and mortgage rates are rising, so don't delay. As we get closer to winter, the prices will continue to rise and as a result, so will your potential ...
It's time to get in the garage this weekend and organize the summer clutter that accumulated over the past few months. There is no better way to start the new season than with fresh, clean spaces— including your storage areas! Below are a few ideas for beginning the project, from cleaning and clearing to organizing and storing.
Remove all of it
The best way to start organizing your home in Fairbanks, Anchorage, Eagle River or Palmer, even the garage, is by taking all of the items out of the space. Remove every box from the garage and set it outside the door; you'll be surprised how much bigger the space looks and you'll be able to get a read on what you are actually storing. Next, go through the items and separate into "Donate, Keep and Sell" piles. If you haven't used something in the past six months, or didn't even know...
You may have read our previous blog post on how to know if you're ready to buy a home in Alaska and now it's the home seller's turn. This summer, homeowners were showing that they were finally ready to move and in some cases, finally able to move given their home equity. But how do you know if you are one of the homeowners that should take the leap?
Of course, there are many contributing factors that will ultimately place that "For Sale" sign in your yard, but below are a few tell-tale signs you're ready to sell your home in Alaska:
The home is no longer part of your plan
Perhaps your family is growing, you need more space or the home just doesn't meet your needs anymore— it might be time to...
The Alaskan real estate market can cross over both ends of the homebuyer spectrum— on one side there are homebuyers ready and motivated to purchase a home and on the other, a group of potential buyers still on the fence about when to make the leap.
If you find yourself on the sidelines wondering when to make that purchase, here are a few tips to help you decide if it's time to buy a home in Alaska:
You want control of your home and its surroundings
One of the biggest reasons Alaskan homebuyers are in the market this year is to take over complete control of a property. If you're sharing a space or even renting, oftentimes making a space your own is not possible. With homeownership in Alaska, you can make as many...
It's almost the weekend yet again and you're likely making plans in the Anchorage, Fairbanks, Eagle River or Palmer area to soak up the weather and enjoy some of your free time. The good news? This weekend, Anchorage is hosting three festivals for residents and visitors alike to attend, all varying in themes from food to the local nature scene. Mark your calendars for these three festivals celebrating the "Dog Days" and coming at the end of the month, you can prepare for the annual Alaska State Fair!
Dog Days of Summer Block Party
August 16, 2014
12 PM to 4 PM
Peratrovich Park and E Street
What better way to celebrate these dog days of summer than with a block party? Sponsored by the Anchorage Downtown Partnership, this party allows you to bring...
Alaskan homebuyers have a lot on their to-do lists this summer— from starting the house hunt to finding a home that meets their needs to putting in an offer and finally, getting that offer accepted. Especially if you need to sell your current home in Alaska, the entire process can be overwhelming. In fact, the last thing you want to happen is to put in an offer on your dream home only to have the seller accept another offer.
So how do you make sure your offer stands out as the best? These four tips are crucial to making an impression on a home seller in Eagle River, Fairbanks, Anchorage or Palmer:
According to Realtor Magazine, a homebuyer in the Alaskan real estate market should be likable and present themselves as such to sellers. Money is...
It's safe to say that all Alaskan homeowners aim for a healthy home value, one that doesn't take a hit when they decide to renovate. You may think you have your home's best interest in mind when bringing in new appliances, but their effect on the resale value may not be what you had hoped. Especially if you're planning to sell in the near future, be mindful of the factors that can influence the value of a home in Fairbanks, Anchorage, Eagle River or Palmer.
Consider these tips before you make any big changes to your Alaskan home this year:
Layout and Size
Despite what you may think about local real estate, larger homes are not necessarily what homebuyers want. With a larger home comes more upkeep, time and maintenance costs. Layout is a much more important...
You've heard of Christmas in July, but what about celebrating Christmas all year long? That's what you can expect in North Pole, Alaska. We have an office located in North Pole and this growing community is just one of many idyllic destinations in this great state that the Alaskan homebuyer dreams of calling home.
North Pole is a small community located just 15 minutes south of the state's second largest city, Fairbanks. It's a city that draws numerous tourists year-round for its dedicated to the Christmas spirit— simply driving through North Pole, you will notice decorations, street names and even light poles that reflect this cheery state of mind. There's even a Santa Claus Lane!
The city indeed comes alive during the holiday season, with the annual North Pole...
As part of working with Madden Real Estate, we guarantee your home sale or we'll buy it. It's part of our Guaranteed Sales Program and part of what makes us the team you'll want on your side when selling your home in Fairbanks, Anchorage, Palmer, or Eagle River this summer. We'll help you—as an Alaskan home seller— to come up with an overall strategy that works for your particular home, including a desirable listing price and perhaps even home staging.
Before you list your home this summer, or before you let prospective homebuyers through the door, keep these home staging tips in mind to give your home sale an added boost:
Bird's Eye View
Put yourself in the homebuyer's position...
When it comes to buying a home in Alaska, there are many moving parts. All along your homebuyer journey, from finding your dream home to the closing, there will be paperwork— some of which may include terms you've never seen if you're a first-time homebuyer in Fairbanks, Anchorage, Palmer and Eagle River AK.
"The challenging part of the closing process is perusing the transactional documents that indicate whether or not you are getting the deal you believe you negotiated or were promised," a mortgage expert tells MSN Real Estate. "This is the most challenging part of the process because the stakes are high, and the time pressures severe."
But don't stress about the process of understanding the paperwork for Alaskan real estate, homebuyers! The following can help you take one document at a time and by the time you close on your ...
More homebuyers are entering the Alaskan real estate market this summer, searching for new homes in Fairbanks, Anchorage, Palmer and Eagle River. If you're a home seller, one of the best steps you can take is to update the property and help the home stand out among the rest. While there may still be limited inventory in the local real estate market, these simple, inexpensive updates could be just what your Alaskan home needs to attract the right homebuyers.
Update the Front Door
Nothing can update the overall vibe of your home like a fresh coat of paint; it's also one of the most inexpensive fixes in terms of curb appeal. To grab the interest of an Alaskan homebuyer, you do not need to paint every room in your home. Before you start, put yourself in a homebuyer's...
If you'll be in the area this Independence Day, consider the Anchorage July 4th Celebration as this year will mark its 14th annual event. The event is held on the Delaney Park Strip and features over 50 local vendors, activities for the kids, and free entertainment. Anchorage residents have been enjoying this holiday celebration for years and if you haven't yet attended, this is your chance!
The July 4th Celebration in Anchorage has been described as "part of the fabric of Anchorage" by elected officials, with over a thousand active participants and 25,000 attendees. The event will kick off at 8 AM on July 4th with a pancake breakfast after which guests can begin settling in to enjoy the parade at 11 AM. A festival will follow the parade from noon until 6 PM, including a reading of the Declaration of Independence at 1 PM, rides, games, vendors and food. ...
You may have heard the buzz by now that mortgage rates are rising, housing prices are increasing and now is the time to purchase a home in Alaska— all of these may be true and in fact, point to a larger picture. While there are more homebuyers now ready to purchase homes in Alaska, home sellers are holding back. If you've been thinking about selling your home, it may be just as much your time. In today's market, with low inventory, it can be difficult to give buyers a property that is exactly what they're looking for— but you can make yours more appealing. Below are a few factors to consider to help your home stand out in the Alaskan real estate market this summer:
Know Your Competition
Home sellers will need to know the competition in order to successfully market their Alaskan homes in this market. When you work with Madden Real Estate...
The weekend is here again around the Fairbanks and Anchorage areas and there are many events to enjoy. Kick off the weekend with live music in Anchorage, catch a baseball game or local car show in Fairbanks, and embark on a nature hike in Eagle River. If you live near these communities, now is the time to get involved! This summer will be filled with events for the whole family—whether you're a longtime resident of Alaska or considering buying a home and making a move permanently—and here are just a few you won't want to miss:
Live After Five Concert Series
Friday, June 13, 2014; 5 PM to 8 PM
Town Square Park
Start your weekend on the right foot with this recurring Live After...
In a recent survey, it was found that more Americans believe housing is the best long-term investment and now even more are revealing this summer is the best time to buy a home. The Alaskan real estate market may be about to see a jolt of activity from both homebuyers and home sellers as rising rates and housing prices prompt Alaskans to make a real estate move.
Edelman Berland conducted a study among those in the market to buy or sell a home, with participants aged 25-64 years old, and found that there is a strong belief across the board that the housing market is right on track. Because of this, 7 out of 10 participants expressed a commitment to buy or sell a home this year. For Alaskan homebuyers and sellers, this could mean acting soon on your desires to move to a new home in Fairbanks, Anchorage, Eagle River, or Palmer as competition will soon be on the rise.
The survey found 77 percent of...
As you prepare to sell your home in the Fairbanks or Anchorage area, take a walk around your home. Are you using every room to its full potential? For instance, is that cramped, small spare bedroom being used as a bedroom or now as an office? Have you transformed that lone extra room into a closet or media room? Home sellers may be able to peak Alaskan homebuyer interest by rethinking rooms and using them as spaces that add appeal to a home, like a larger closet or even extra bathroom.
Many Alaskan homeowners may find there is one room in their home that is simply too small to be used as the bedroom it was intended to be. What's the solution? Consider changing the space over to a closet or an extra bathroom. Especially if the bathroom is located to another, it will be easy to make over the space and carry over the plumbing. As a homeowner, transforming the too-small bedroom into a closet not only...
For many Alaskan homeowners this year, remodeling will prove to be a better bet than selling altogether. In fact, a new survey found that most Americans believe real estate is the best investment for long-term wealth, over stocks, gold and savings! It is a great idea to invest in your homes in Fairbanks or Anchorage if you plan on staying put, but if you are planning to sell in the coming months, it's important to know which remodeling projects are worth your time (and money!). So, before you pick up that hammer or paintbrush, keep in mind the following tips:
Replacing the Front Door
According to Remodeling Magazine's new Cost vs. Value report, replacing your front door has the highest ROI (return on investment) of all remodeling projects. It's the first feature of your home a potential Alaskan homebuyer will see and will likely set the tone for their entire perception of the home. Old, faulty door?...
The beginning of spring marked a spike in Alaskan homebuyer confidence with many ready and willing to make a move to a new home in Fairbanks or Anchorage. But now as we get ready to head into summer, it seems home sellers are feeling just as confident. As you prepare to sell your Alaskan homes this year, take note of these costly seller mistakes that could spoil your excitement for your next dream home in Alaska.
Don't Choose the Wrong Realtor
One of the first steps you will take in selling your home in Alaska is choosing a real estate agent. It may be tempting to choose the one your friend recommends, but take the time to research. Madden Real Estate is happy to help answer any questions you may have about the Alaskan real estate market and can be just the team you need to sell your home and find you the next one that meets your home wish list.
Despite rising rates nationwide, including rising housing prices, it's a great time to break into real estate— no matter if it's your first time purchasing or your fifth. If you're on the fence about whether now is the best time to buy a home in Fairbanks or Anchorage, the answer is yes! Consider the following as timeline, your guide to preparing to buy Alaskan real estate. Madden Real Estate is here to help and happy to answer any questions you may have along the way!
Plan in Advance
If this is your first time purchasing a home in Fairbanks or Anchorage, it's time to use your handy mortgage calculator. You can determine whether now is the right time for you to switch to homeownership by weighing the costs of owning vs. renting. More often than not, the costs of owning a home prove a better investment than renting (a recent study found that owning a home is 38 percent cheaper than...
As housing prices and mortgage rates continue to rise across the country, many home sellers are now aware that the time is right to list their Alaskan homes. But before you place that For Sale sign out front, take a few moments to go over the basics of selling a home in Alaska. The Madden Real Estate team can help answer any questions you may have and the following will go that extra step. When the offers begin to come in for your homes in Fairbanks or Anchorage, you'll know the in's and out's of each option, from cash to closing. A few options you may encounter on your home selling journey within the Alaskan real estate market include:
A Cash Offer
As they often come with a quicker home sale and closing, cash offers typically catch the attention of Alaskan home sellers. From a financial standpoint, a failure to secure financing to purchase ...