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 ...
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...
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.
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...
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...
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...
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...
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...
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 ...
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...