Wes Madden

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...

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
...

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...

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...

How to Know If You're Ready to Buy a Home in Alaska

With the rising costs of rent in Alaska, it is no longer a smart financial decision for area residents to choose renting over buying. Not to mention, mortgage rates are still historically low!

However, if this is your first time purchasing a home in Alaska, you need to be ready to assume the responsibility of homeownership. Here are four questions to ask yourself to determine if now is the right time for you to buy:

Can you afford the costs?
If you have been saving for a downpayment and other costs over the past few years, you'll be in great shape this summer. You should have enough to cover 20% of the home's purchase price to secure the best mortgage rate and avoid private mortgage insurance (PMI).

It is also wise to be prepared to pay closing costs which can typically range from 2 to 5% of the home's purchase price....

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
...

How to Avoid Buyer's Remorse in Alaska Real Estate

House-hunting can be a lot of fun for new buyers in the Alaska real estate market, but your judgement can also quickly get away from you. It is easy to focus more on features of the home rather than costs like upkeep and utilities and buyer's remorse can set in after you've signed on the dotted line.

But as your local real estate experts in Anchorage, Fairbanks, Eagle River, Palmer, Wasilla, North Pole and beyond, it is our priority to ensure buyer's remorse never crosses your mind! Madden Real Estate will work with you to determine your wants versus needs as well as what is realistic for you in terms of price and home size.

In the meantime, keep in mind the following four common sources of homebuyer's remorse, especially as you tour available properties in Anchorage, Chugiak, Fairbanks, Eagle River,...

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 ...

Money-Saving Tips for Alaska Homebuyers To Follow This Spring

While we are only days into the new season, this spring is already projected as a stand-out period for first-time buyers to enter the real estate market. Mortgage rates are still historically low, home prices are rising in addition to rents and first-timers are ready to invest into something of their very own in Alaska.

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 to our experts at Madden Real Estate with any questions!

Look past cosmetic issues
Many first-time buyers in ...

3 Things to Do Before Buying Fixer Upper Homes in Alaska

So, you think you want to buy a fixer upper home in Alaska? While your dreams of renovating a property may be driven by what you've seen on real estate or home improvement television shows, it's important to remember that the reality of updating a home from start to finish can be much more time-consuming, tedious, expensive, and drawn-out than you realize.

As your local real estate experts in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and beyond, I am sharing below three things to do before you commit to buying fixer upper homes in Alaska this year:

Research the location
Not only should you research the location of a home before purchasing, but also look into the zoning. What you may not know is that every community has zoning districts and restrictions surrounding what can and cannot be done to homes within their limits....

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...

Don't Wait Until Spring to Sell Your Fairbanks or Anchorage Area Home

The question on many Alaskan homeowner minds right now is whether or not to sell yet this winter or wait for better weather in the spring. It may be tempting to want to wait until the warmer months to list, after all more buyers will be out and about in the spring, right? Not so fast! That is not always the case!

There are many perks to selling your Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, or North Pole area home this winter, without waiting until spring, and as your local experts, Madden Real Estate has listed a few of them below.

There will be more competition in spring
By listing your Alaskan home now,  you avoid the wave of homeowners that will...

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...

New Year's Resolutions to Help You Buy a Home in Alaska

If you haven't yet sat down to make a list of new year's resolutions for 2019, what better time is there than now? It's always a fun exercise to take stock of your goals for the year ahead and make a plan on how to achieve them. For many in Alaska, you might find that they are personal or health related, but one of your big resolutions or goals might be buying a home!

There are dozens of steps to take to successfully become a homeowner in 2019 and as your local real estate experts in Anchorage, Eagle River, Fairbanks, Wasilla, Palmer and North Pole (and beyond!)Madden Real Estate is happy to help you make that a reality! Below are 5 new year's resolutions to make in order to buy an Alaskan home in the new year:

Eliminate indulgences
It might not be your favorite route toward ...

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...

Staging Your Alaskan Home During the Winter

There's no doubt about it, winter has arrived here in Alaska! But if you have your sights set on a new home in Anchorage, Fairbanks, Eagle River, Wasilla, Palmer, or North Pole for the new year, don't let that stop you from listing your property now! There are plenty of ways to pique buyer interests during these colder months and with Madden Real Estate on your side, you can count on us to help you make it happen!

Home staging is one smart way to grab a buyer's attention and below are five ways to stage your Alaskan home successfully during the winter:

Boost winter curb appeal
Adding winter decor to the exterior of your Anchorage or Fairbanks home can boost your property's curb appeal, but it should lean on the simple side. Try a holiday wreath or fresh greenery outdoors, make sure all pathways are clear of snow for buyers, and consider adding classic...

How to Avoid Turning Away Alaskan Homebuyers

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.

Bugs
Even if...

Selling Your Alaska Home During the Holidays

Many Alaska homeowners are left wondering whether or not they should sell their properties once the busy spring and summer seasons are over. While it may seem like the end of the year isn't the best for sellers, the short answer is yes! Today's homebuyers are constantly searching for homes on their smartphones, computers, and even have set up email alerts when a new Fairbanks, Anchorage, Eagle River, Palmer, North Pole, or Wasilla home becomes available and meets their requirements.

Don't be afraid to list your Alaska home during the holidays! It is still an opportune time to sell and as your local experts, Madden Real Estate has included a few tips below on achieving a successful sale!

Boost your online appeal
When you work with Madden Real Estate...

How to Begin Your Home Search in Alaska

If you're not fully prepared to navigate the Alaskan real estate market, it can be overwhelming— especially if you're a first-time homebuyer. It helps to know the facts from the beginning of your home search, as well as have a local real estate expert on your side, like our team at Madden Real Estate

Below are four ways to start your home search in Fairbanks, Eagle River, Palmer, Wasilla, North Pole, or Anchorage:

Get Preapproved
This should always be your first step when shopping for homes in Alaska. Even if the market begins to slow down, you will be able to better understand your budget and whether or not your dream home is within your reach. Not to mention, this documentation tells sellers that you are serious about...

5 Signs It's Time to Sell Your Alaska Home

While every homeowner's reasons for selling their Alaskan home varies, there are a few significant signs that it's time to move on to a new property. Perhaps you've outgrown the space, your job is taking you to another area, or you're simply ready to take advantage of the current market— no matter what your reasoning is, you can count on Madden Real Estate to help you through the process.

Below are five signs it's time to move on to a new home in Wasilla, Fairbanks, Chugiak, Anchorage, Palmer, North Pole or Eagle River:

The market is booming
When sellers have an edge in the market, it's a great sign it's time to list your property and move on! If buyer demand is high and you have equity in your home (Find out with our Home Valuation!), you might like to sell and ...