By now, you may have heard about a lack of inventory in the real estate market or noticed it for yourself as you begin house-hunting in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, or the surrounding areas. Inventory has been trending on the lower side for months and while it may be frustrating for buyers, it has contributed to what’s called a “seller’s market.”
A seller’s market is one in which homeowners have the upper hand, which can lead to quicker and easier sales. For buyers, it likely means more competition for the house of your dreams in Alaska.
If you are a home seller this year in Alaska, mind the following ways you can prepare for a successful sale:
Inspect and disclose
As a homeowner, it is wise...
March has arrived and before we know it, the birds will be singing, the weather will start to warm up, and spring will be in full bloom. But before we can get there, there are a few tasks you will want to cross off of your Alaskan homeowner to-do list— cleaning your gutters, for instance.
Below are four tasks to add to your homeowner to-do list this month and you will be ready to enjoy the spring season ahead!
Clean your gutters
Debris has likely built up in your gutters over the past few months and if not tended to, it can cause a variety of problems both inside and outside of your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and beyond. Take a weekend to clean out the gutters and flush water through to ensure the spouts are in proper working...
If you've been thinking about selling your home in Alaska, 2021 is the perfect time to do so! Many buyers, both first-time and seasoned, are in the real estate market in droves, all searching for their dream home, but are being met with less inventory than there has been in the past.
Alaskan home sellers are in high demand, but you may be contemplating the best route to take— FSBO (For Sale by Owner) or work with a real estate agent? The perks of working with an experienced agent are numerous and if your motive for considering FSBO is simply to save money, you might like to think again!
Your agent will do the negotiating
Think of all of the parties involved in a home sale in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and beyond, from the buyer and their...
We've shared recently about Why You Should be Optimistic About 2021 Real Estate and to continue on down that path of real estate positivity, we're now breaking down why the current market offers the best opportunity to sell in YEARS!
If you're a homeowner in Alaska, don't be too quick to write off this spring, given the global health situation, as a poor time to list your home. In fact, the local market conditions present a lucrative scenario for sellers!
Below are five reasons why now is the best time in years to sell your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole or the surrounding areas:
Home Buyer Demand is High
The pandemic may have slowed many things, but buyer demand is not one of them. Buyers are determined to...
Did you know selling your Alaskan home in the fall and winter can be just as lucrative as selling during the spring and summer? It's true! However, that is if your property is well prepared for the market!
There are many ways to improve your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, and North Pole before listing it for sale, including removing the following five items that have been known to turn buyers away!
Even if you have a few ladybugs taking up residence in your home's windowsills, it's best to remove them before buyers arrive. This is one of the easiest turn-offs for Alaskan buyers as it can give the impression that your home is not clean or well cared for.
No matter if it's stamps or holiday...
When you first move into a home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla or North Pole, you might be overwhelmed with home project ideas. From painting the house to renovating the kitchen, it's hard to prioritize what needs to be done and how to stay on budget.
If you've just moved into your Alaskan home or are in the process of house hunting and deciding which home to buy, below are a few tips to help you stay on task.
Take notes around the home
Any time you decide to take on a home project, you should plan out the process and assess the conditions of the space. For instance, what needs to be done versus what you'd like to get done first. Is the flooring damaged? Are the appliances not running their best? These may be prioritized ahead of simply...
Spring is nearly here and what better time to "green" your Alaskan home than now? It's actually easier than you think to turn your home into an eco paradise and you probably have all you need already on hand!
Make it a weekend project or go room by room this week to spring clean and spring green the property. What's more, when you're ready to sell, homebuyers in Fairbanks, Eagle River, Palmer, Wasilla, North Pole, and beyond will notice that your home is already up to "green" standards or on it's way!
Detox the Bedroom
An easy way to "green" your bedroom is to detox all of the linens and especially the curtains. You may wash your sheets and bed linens often, but how about your pillows? Cleaning your pillows will help keep toxins and dust mites at bay. You can also keep mold away in the bedroom by opening your curtains and shades and letting...
The idea of cutting your monthly mortgage payment down by refinancing your loan may sound intriguing to you as an Alaskan homeowner, but there is much more to consider before diving in. In fact, there are cases in which refinancing does not truly pay off for the homeowner. But don't worry! As your local real estate experts, you can count on Madden Real Estate to help you make the best decision for your situation.
Below are four factors to consider before making the decision to refinance your mortgage:
Refinancing is not free
Just as you likely paid some closing costs when you purchased your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and the surrounding areas, you will be required to again...
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!
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? Buyers will want to know!...
With the majority of buyers today starting their Alaskan home search online, it is important to wow them during this initial look. If Fairbanks or Anchorage area buyers see something they don't like just from flipping through listing photos, they are less likely to ever make it to the front door for a showing or visit an open house.
So how do you pique the interest of buyers in Alaska without turning them off? Below are five things you will want to avoid as a home seller in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole and the surrounding areas:
Do not convert your garage
Keep in mind that a large number of buyers who will begin house hunting this spring are first-timers who are tired of renting, with others simply in the market for more space...
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
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 buyers who may...
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...
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...
As I mentioned in our recent blog post, selling your home during the holidays in Alaska can be just as successful as selling during the spring and summer! But that doesn't mean you can simply add a For Sale sign to your yard and watch the offers roll in! Your Alaskan home must be well prepared for the market and up to par with what buyers want.
As your local real estate experts, Madden Real Estate can help you avoid turning away buyers unintentionally and that begins with removing a few of the following common items from your home:
Damage from pets
Remember that not all buyers will love pets like you do! If you have pet damage in your Alaskan home, like scratched floors or stained carpet, consider having them re-finished or install new carpet prior to listing.
Even if you just have the occasional...
The official beginning of fall is just a few weeks away and while you may have brought your pumpkin decor back out of storage, there are a few more steps to take to ensure your Alaskan home is ready for the season. As your local real estate experts in Anchorage, Fairbanks, Eagle River, Wasilla, Palmer, North Pole, and beyond, we've rounded up our best tips for preparing your home for fall.
Clean the Gutters
There is no denying that the fall season brings it's fair share of wind and rain, which means debris like limbs and leaves scatter into your yard— and gutters! You'll want to be sure your gutters are clear to allow for what the season has in store, otherwise they could overflow and wreak havoc on your siding or worse, your home's interior walls.
Put Away Furniture
Whether you have a small deck or a large patio for entertaining at your ...
After months of the snow and cold, it's finally time to welcome the warm weather, green grass, and sunshine back to Alaska! But even though we'll all be headed outdoors this summer, there are still a few projects to check off of your homeowner to-do list to ensure your property is ready to handle the season.
Powerwash your home's exterior
From the driveway to the siding, the winter dirt and grime can take a toll on your Alaskan home's exterior. Consider renting a powerwasher—or purchasing one if you'll get more use out of it—to get your home looking clean and fresh for the new season.
Seal your deck
If you haven't properly sealed your deck, months of moisture have likely been seaping into the wood which can pave the way to rot and a less-than-ideal appearance. Test a patch by pouring a small amount of water onto the deck—...
As a homeowner in Anchorage, Fairbanks, Eagle River, Palmer, Wasilla, or North Pole, deciding to sell your home is major move that should not be taken lightly. In fact, there are dozens of factors to consider— from the price at which you will list right down to the time that your Alaska home will hit the market. But before you start to worry that the best window of opportunity to sell your Alaska home has passed, you should note that now is that time!
May has been recognized as the best month to sell your home as homeowners have been known to yield more of a financial gain from the sale as well as sell within a shorter time frame than any other time of the year!
As I mentioned above, ...
Many Alaskan homeowners tend to believe spring is the best time to list their property and prepare to move on to a better, more suitable home. And while they may not be wrong, it is important to note that selling is not always the best answer for every scenario. Depending on how long you've spent in the home and your location—among other factors—it may be ideal to consider staying put and simply making a few improvements.
Below are five questions to ask yourself as you determine whether to sell or renovate your Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, or North Pole home this spring:
How long have you been in the home?
If you have spent decades in ...
Temperatures may still be low here in Alaska, but that doesn't mean that the real estate market takes a dive along with them! The market is only beginning to heat up for the warmer months ahead and if you're planning to sell your home in Palmer, Fairbanks, Anchorage, Wasilla, North Pole, or Eagle River this spring, now is the time to work toward increasing your value!
Below are three ways you can increase your home value before spring:
For buyers making their way from renting to homeownership, shiny, new appliances can be just the hook they need to move forward with an offer. Replacing one or all of your appliances with more energy-efficient models can also be a great buyer attraction for the...