Madden Real Estate

Misinformation About Buying A Home in Alaska Is Holding Back Would-Be Owners

With the rising costs of rent and mortgage rates that continue to dip below expected levels, dreams of homeownership are becoming quite commonplace for many renters in Alaska. However, many would-be buyers are holding back this year due to misinformation about what it takes to become a homeowner.

A new survey from Bankrate.com found that nearly half of all current renters say they haven't purchased a home yet because they don't think their credit score is high enough or they don't have enough money saved for a down payment

So what does it take? It's important to keep the following two factors in mind before you jump to conclusions about your ability to purchase a home in Alaska this year!

Credit ScoreAnother study from Fannie Mae recently...

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...

Should You Sell Your Alaska Home During the Holiday Season?

This time of year, schedules tend to pick with festive holiday events, traveling to visit friends and family far and near, gift shopping and as we are in Alaska, winter sports! But even with all of these on your calendar, that doesn't mean that selling your home should be placed on the back burner! The holiday season can be one of the best times to sell your home in the Fairbanks area and waiting to list until spring can cause you to miss out on the advantages in the real estate market right now.

Relocating for the new year
Did you know the holiday season is a popular time for families to relocate? With a job change among the many reasons to move during the winter, many buyers in the market right now are...

5 Ways to Avoid Wasting Energy in Your Fairbanks Alaska Home This Thanksgiving

As you prepare to host guests in your Fairbanks, Anchorage, Eagle River, Wasilla, Palmer or North Pole home this Thanksgiving, you likely have a to-do list that is keeping you on schedule. From cleaning the oven to changing lightbulbs to clearing off the sidewalk and driveway, there are many tasks that will require your energy in order to be fully prepared for the upcoming holiday. 

But while we're on the subject of energy, it's time to take a look at how much your home will use on this one, single day. Thanksgiving can be quite an energy gobbler, but if you mind the following five ways to avoid wasting it, you'll be much happier when you receive your next bill.

Install a dimmer switch in your dining room
You'll be spending the majority of Thanksgiving Day around your dining table, so start by saving energy there....

Why You Should Buy a Home in Alaska Before Winter Arrives

While winter has been named one of the best times to buy a home in Alaska, homebuyers may find themselves wishing they had moved before the holiday season rolls around. Schedules will soon grow busier, travel accommodations will be made and planning for the new year will begin, so if you're on the fence about buying a home in Fairbanks, North Pole, Eagle River, Wasilla, Palmer or Anchorage, consider the following reasons to buy now instead of waiting.

Prices are rising
Homebuyers in Alaska will find that prices continue to rise as we head toward the end of the year— and will continue to do so well into 2016. According to a new survey report from over 100 economists and real estate market analysts, price appreciation over the next five years...

5 Steps to Prepare Your Home for the Snow and Cold in Alaska

The end of September is here! Summer is officially over and the warmer temperatures are behind us— now is the time to start preparing your home in Fairbanks, Anchorage, Eagle River, North Pole, Palmer and Wasilla for the snow and cold that have seemingly already set in! So whether you've just purchased a new property in Alaska or you've happily settled into your dream home, consider the following tips for protecting it against the fall and winter elements.

Start outside
Before the temperatures drop even further, start outside your home by disconnecting any hoses from spigots, clearing gutters and outside drains so rain and snow can properly travel and freeing walkways of any leaves, tree branches or overgrown landscaping....

Should You Wait for a Larger Downpayment to Buy a Home in Alaska?

"Should I wait to buy a home in Alaska until I have a larger downpayment?" It's a common question on many Alaskan homebuyer minds as of late and yet, the answer may not be what you expect!

The downpayment is an important part of the homebuying process as it will ultimately lower your monthly mortgage payment and if you have saved up the 20 percent, can help you avoid private mortgage insurance (PMI). And while there are mortgage types that allow you to put down as little as 3 percent, many homebuyers are pondering the idea of waiting to buy until they have a larger downpayment.

The main reason for Alaskan...

4 Reasons to Sell Your Fairbanks, Alaska Home Now

The real estate market has been making positive strides for some time, but the changes do also have some Alaskan homeowners considering "waiting it out." While that is understandable, there are a few factors to take into account that could impact your decision! Mortgage rates, for instance, are on the rise and are projected to be up one full percentage point by this time next year. If you've been mulling over a move, now may be the time to do so to come out ahead!

Mortgage rates
As I mentioned above, mortgage rates are increasing! This should raise a flag if you have a home to sell in Alaska as that means homebuyers are getting less for their money. It could also mean home prices will lower...

Build Your Own Fire Pit

With the smoke, heat and burn bans across the State of Alaska this summer, you probably haven't thought much about a fire pit.  However, a fire pit can be an excellent addition to your outside living area.  And, what better way to enjoy those beautiful cool Alaskan fall evenings than sitting around a fire?  Building a fire pit is actually fairly simple, and we've put together this handy infographic to point you in the right direction!

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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 ...

Fun Summer Events Planned for Fairbanks and Anchorage Alaska!

Now that it's June and Memorial Day is behind us, we can welcome the "unofficial" start of summer to Fairbanks, Anchorage, Eagle River, Palmer, Wasilla and North Pole Alaska! The warmer weather has arrived and this month, there are many fun events planned to kick off the new season. As your local Alaskan real estate experts, we've rounded up events to add to your calendar and opportunities to get out and explore— take advantage of everything that our area has to offer!

Skinny Raven Twilight 12K & Skinny Mini 6K
When: June 5, 2015, 7 PM
Where: Anchorage, AK

This fun, evening race event returns for its 9th year this month! Hit the streets of Anchorage and follow this event's interesting road course (one of Alaska's most unique!). It's the race of the summer and this year, you can join in on the Skinny Mini 6K if the full...

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!

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