December 2014

Found 8 blog entries for December 2014.

If you are contemplating becoming a home seller for the first time in Anchorage, Alaska, the first place to start is with a trusted Realtor who knows the area well, such as the Wolf Real Estate Professionals. A well-networked Realtor can be the difference between a home that languishes on the market for months or even years versus a home priced right with many showings and offers on your table. According to an article by HSH.com on home selling tips, just because you bought a home doesn’t mean you know everything there is to know about selling one. Novice sellers may assume they can list their home for an unrealistic price, especially when inventory is low down in Anchorage. However, other factors come into play such as how much a lender will loan an

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After you've decided on a home, then comes an important choice: How much money should you put down to secure the purchase? That's because, in home buying, the amount of money you put down is the determining factor for some important aspects later down the line.      

Here are 5 good reasons that your initial down payment should be substantial (more than 20%).

Assured Loan Approval

Doesn't seem like an issue at first, but the amount you put down can really help your approval process. The larger the amount, the more proof to lenders that you know how to manage money and know how to save. Two traits they love to see before loaning you large sums of money.

Better and more Manageable Interest Rate

In terms of the "loan-to-value" ratio, in

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Business owners and people who are self-employed in Anchorage, Alaska have a more difficult time getting a mortgage. When it comes to qualifying for the mortgage you need to buy your dream home, there are steps you can take to make the lending process less rocky. According to an article by CNBC, recent report by Zillow shows self-employed people often buy bigger homes and put more money down on the homes they buy. However, not as many lenders are willing to work with self-employed people who are seen as a higher risk. While employed people often have to provide paperwork such as proof they are still employed, their W-2 forms, pay stubs and financial records as well as tax returns, self employed people have to go above and beyond the standard.    

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Starter homes are generally the "Entry-level homes" desired by first-time homebuyers or young buyers just getting started with their jobs, careers and families.

These "starter homes" in Anchorage, Alaska also have great appeal to empty-nesters or retirees who want a vacation home or year-round home that fits their budget. According to an article by Bankrate.com, there are several reasons why there is a bit of a national shortage of entry-level type homes. An experienced Anchorage Realtor, like Wolf Real Estate Professionals,  can help you locate homes for sale in Anchorage Alaska in the lower price range that’s still in a desirable neighborhood. Bankrate.com points out starter homes are scarce right now because of investors who turned them into rental

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When you finalize your purchase after you buy a new home, you may not be prepared for all of the paperwork you'll have to complete.  Your lender will have given you a very detailed estimate and break-down of the closing costs, pro-rations of taxes, deposits and other fees you will be responsible for. Closing costs (a catch-all term for the last fees due) can be a bit overwhelming that it's like a second sticker shock for some.    

The fees start with the home inspection and credit report and then build to things like loan origination fees and appraisal cost. But there are some ways to save with a little extra savvy. Here are some tips to help you reduce closing costs.

Look for the lowest fee before you begin. Or even get several quotes from a

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You love the holidays but hate all the complication and clutter that comes with it. You have to buy, send and file Christmas cards; shop, wrap and give gifts; and unwrap and organize gifts that you get in your home with barely any space. Here are some tips for the current and next seasons that will simplify your life.    

Go digital.

Much of the holiday clutter comes from having to deal with physical items, such as gift wrap, gifts, and holiday cards inside your house. You can eliminate these complications for next season by putting them online. Do your shopping on popular consumer websites, have them wrap the gifts and add holiday greetings, and then ship everything to your recipient. As for the cards you do get from everyone else, either scan or

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When thinking of looking at homes for sale in Anchorage Alaska, most people have a few questions about the financing needed to buy a new house in Anchorage. We hear a lot of questions about down payments for Anchorage homes, so we wanted to discuss some of the typical down payments amounts to help prospective home owners prepare.     

Down Payment Amounts

Home owners can put own as little as 5 percent of their own money in as a down payment - and in some cases even zero percent down, such with Federal or State veterans programs and with other specific home buyer assistance programs. In these cases, home owners may need to purchase additional mortgage insurance that guarantees home mortgage payment.  As a general guideline to avoid mortgage

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Although spring and early summer may be prime time to sell an Anchorage home because of families trying to get settled in time for the school year, another good time to sell is during the holiday break. Often buyers have the time available to look for a home.  

When preparing to sell your home in the fall and winter, take full advantage of the holidays and the positive memories they may evoke. Whether you hire a professional or do it yourself, staging a home for the holiday season can be fun. According to an article by Realtor.com on home staging tips for the holiday, most real estate experts advise putting up non-religious decorations for open houses.

Appealing to the sense of smell

 Although 8 percent of Realtors surveyed by Realtor.com said

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