Madden Real Estate

5 Alaska Real Estate Reality TV Myths

Since it's winter in Alaska, we're all staying indoors a little more and perhaps you're even watching a few real estate reality TV shows— we've all seen a few by now! As these shows grow in popularity, it's important to keep in mind that not everything you see on your screen is actually reality.

Much of what takes place is staged and filmed in a much shorter timeline and as your local real estate experts in Fairbanks, Eagle River, Palmer, Wasilla, North Pole, and beyond, we've included a much needed reality check for you below!

Myth: Buyers only choose from 3 homes
In nearly every reality TV show based on homebuyers, there are typically three homes toured before the buyer makes a decision and chooses one. While there may be a small percentage of buyers that truly buy one of the first few homes they see in Alaska, remember that...

Top 3 Features Alaskan Home Buyers Want This Spring

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!

Location
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?...

Homebuyer Checklist: Documents You Will Need to Buy a Home in Alaska

When it comes to buying a home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and the surrounding communities, many do not know what is actually involved. From how much of a down payment you need to your credit score, numerous would-be Alaska homebuyers hold off as they do not think they will qualify.

But that shouldn't stop you this year as Madden Real Estate will walk you through everything you need, including the factors mentioned above, and these 5 documents that will be necessary to move forward with your Alaskan home purchase:

Recent paychecks
When determining your ability to take on a mortgage, your Alaska mortgage lender will want to see proof of income. In most cases, your last two pay stubs will do the trick! In others, they...

5 Money-Saving Tips for Alaska Buyers to Follow in the New Year

While we are only days away from the new year (and still much more winter ahead!), the upcoming spring season is always a stand-out period for first-time buyers to enter the real estate market.

Why? Mortgage rates are still low, home prices are rising in addition to rents, and first-timers are ready to invest into something of their very own in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and beyond.

But when you are new to purchasing a home, you can overlook the many ways you can potentially save money in the process. Keep the following in mind as you house hunt this spring and as always, do not hesitate to reach out with any questions!

Look past cosmetic issues
Many first-time buyers in Alaska tour a home only to write it off because they didn't like...

How to Stand Out as an Alaska Home Buyer

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. A seller...

Protect Your Alaskan Home from Winter Weather

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, Palmer,...

Common Reasons Alaskan Homeowners Overprice Their Homes

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
Naturally, ...

Top Tips for Selling Your Alaskan Home in the Fall

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 potential...

Alaska Home Buying Advice to Ignore This Year

While you are shopping for a home in Alaska this year, your friends and family will likely offer all kinds of tips and advice relating to the purchase— things they learned from their experience with home buying or information they've heard about the current Alaska real estate market.

But that doesn't mean you should follow every tip they give you; in fact, it is always best to consult your real estate agent with any questions you have.

As your local real estate experts in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and beyond, Madden Real Estate has included four pieces of home buying advice NOT to follow this year to help steer you in the right direction and avoid any regrets later:

Wait until prices drop to buy...

Rules of Real Estate for Alaskan Homebuyers

Fall can still be a busy homebuying season for those in Alaska and with more sellers confident in listing their Alaskan homes, it's important to keep the real estate rules of the road in mind. Below are just a few real estate rules to remember, like using an experienced real estate agent, that should help you in your home search or sale this fall:

Don't Make an Offer Without Pre-Approval
Know what you can afford. This all starts with a pre-approval, meaning a lender has vetted your credit and financials and is willing to continue with the mortgage process. A pre-approval letter will tell the real estate agent and home seller how much you can afford in a home and the confidence that you are able to follow through on...

3 Things to Consider Before Moving to a Bigger Alaskan Home

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. Adjustable-rate...

4 Rules to Follow When Pricing Your Alaska Home This Year

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 ...

How to Prepare Your Alaska Home to Sell This Summer

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 have thought about this...

Alaskan Real Estate Dealbreakers for Buyers in Anchorage, Fairbanks, and North Pole AK

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.

Floor plan
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 may be extremely costly....

Where to Save for a Down Payment in Fairbanks AK

For homebuyers in Alaska this summer, saving for the down payment is one of the biggest hurdles in front of the finish line. In the past, we've shared how to start saving for the down payment, but you might be wondering where to keep the money.

Below are four options for risk-free accounts in which you can keep your down payment. You may sacrifice return, but you can be assured the money will be there when you need it to purchase your home in Anchorage, Fairbanks, Eagle River, Palmer, Wasilla, or the surrounding areas!

Online savings account
Compare online rates to determine which online savings account is best, but this may be the easiest option for moving around funds. You can track the money easily via online banking and set up transfers in a snap. You also don't need to worry about the bank not being open when you need to pull your down payment.

CD or Certificate...

How to Move Your Fairbanks or Anchorage AK Closing Along This Summer

Buying a home in Alaska is a process that ultimately ends with your closing. However, there can be some bumps along the way that cause the closing date to be pushed back.

Closing delays can be caused by both the Fairbanks or Anchorage area home seller and the homebuyer— but, don't be dismayed! There are steps you can take to ensure the process moves smoothly this summer:

Have your agent help
Once your property is under contract in the Fairbanks, Anchorage, Eagle River, Wasilla, Palmer, or North Pole area, your real estate agent can check in with all of the parties involved once (or more!) per week. An expert real estate agent can notice surprises or changes in the transaction and work ahead to prevent any delays.

Keep in touch with your lender
...

What Do You Actually Need to Qualify for a Mortgage in Alaska?

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 homebuyers...

5 Tasks to Complete Before You Sell Your Alaska Home This Spring

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 to the roof. Don't forget to take stock of...

How to Determine Resale Value in Alaska Real Estate

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 beyondMadden 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:...

5 Things Not to Do When Buying a Home in Alaska in 2019

Buying a home in Anchorage, Fairbanks, Eagle River, Palmer, Wasilla, or North Pole can be an overwhelming decision, especially if it's your first time navigating the real estate market. And since this is likely the largest purchase you will ever make, it's important that you try to avoid the common mistakes that homebuyers have encountered before you. That's where Madden Real Estate comes in! We have included a list below of five things not to do when buying a home in Alaska, so you can enjoy a smooth process and settle into your new home with no worries!

Don't shop without an agent
Navigating the real estate market can be tricky, so why go it alone? Let Madden Real Estate be your guide to homes for sale in Alaska! You will want an agent who has your best interests in mind, who knows the in's...