January 2015

Found 8 blog entries for January 2015.

If you have been saving up or expect to walk away from your home sale with a lot of cash, you may wonder whether it’s smart to make an all-cash home purchase. Anchorage Alaska real estate prices are fairly high. Unless you are looking for an entry-level type home, short sale or foreclosure in Alaska, you will need a hefty amount of cash. For many baby boomers planning to retire, the thought of an all-cash home purchase brings a greater sense of security. According to an article by Investopedia, all-cash deals are a growing trend. In fact, last year a whopping 42.7 percent of residential property sales in the United States were all cash compared to about 19 percent the prior year. While it’s true some of the people who pay cash for      homes are wealthy

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A home is the probably the largest investment you will make in your life. When relocating to Anchorage, it’s wonderful to have an experienced Realtor on your side through the home-buying process. House hunting is one of the “fun” parts of the process that culminates with the closing. According to an article by Houzz, it’s important to stay organized when house hunting. Although everyone wants to feel swept away emotionally by a home, it’s also important that the home you buy in Anchorage meets the high-priority items on your wish list. In fact, Houzz recommends your first step when house hunting is to set your priorities. Communicate your priorities so your Realtor can show you the Anchorage homes that are a good match as well as negotiate the best deal

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With vacancy rates so low for Anchorage rentals, it is a good time to invest in real estate. When finding homes to fix up and turn into rentals, many investors gravitate toward foreclosures and short sales. On the downside, it can take a while to close on a deal on Anchorage foreclosures and short sales. On the plus side, you are more likely to get a great deal, which gives you more money to fix up the property to rent it out at a profit. An experienced Anchorage Realtor can also show you homes that are traditional sales. Some traditional sales also work as investment properties, especially if it’s a motivated seller. According to an article by interest.com, not all of the foreclosure deals are as compelling as they were when the housing recovery started.

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Even if you are trying to sell a home in an Anchorage neighborhood where there’s not a lot of inventory, the challenge with successful home selling is to find qualified buyers. While many people may love your house, not everyone can get the financing to pay top dollar. By working with a reputable Anchorage Realtor who negotiates on your behalf, you can win with your real estate transaction. Your Realtor can screen out prospective buyers who haven’t been pre-qualified for a loan so it doesn’t waste your time. According to an article by Realtor.com, the best negotiation strategies are ones that lead to everyone walking away with most of what they want.   

•    Detach yourself from the house

Realtor.com advises sellers to get some emotional distance

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For first-time homebuyers, buying a home in Anchorage has been somewhat elusive as home prices increase. Now there are some new mortgage options and programs to help young buyers and others searching for an Anchorage starter home. According to a recent article by Money, borrowers who take out a FHA mortgage will save an average of $1,000 on mortgage insurance premiums. The White House announced the government will lower insurance fees from 1.35 percent down to 0.85 percent. Borrowers who put down less than 20 percent on a home have to pay mortgage insurance to protect lenders if the borrower were to go into foreclosure. In addition to the lower costs for mortgage insurance, first-time homebuyers in Anchorage can take advantage of the Fannie Mae and

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When staging a home for sale, some people assume it’s best to have a home set up to look as though it has never been lived in before. When a home looks as though the previous owners have moved on, the buyer may start to sense desperation to sell. After all, few people want to be making payments on two mortgages. According to an article by The Tampa Bay Times, some home sellers are going so far as to hire “human props” to live in their homes until they get sold. While the house sitters do keep the home clean, they also make it look a little lived in. Homes, experts have found, sell faster when there are clothes left in the closet and dishes in the dishwasher. A Realtor who is experienced in the Anchorage housing market can offer you advice on how to stage

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If you have been hesitant to list your home for fear it’s not worth as much as you hope, contact Wolf Real Estate Professionals, a local Anchorage Realtor, to find out the truth. Home selling across the country has been somewhat stagnant since many people owed more on their mortgages than their homes are worth. However, with home values going up in Anchorage, Alaska, it’s a good time to list. According to a piece by the Los Angeles Times, homeowners underestimate how much their home is worth. The article cites a Home Price Perception Index created by Quicken Loans. It turns out 1.6 percent of homeowners underestimate how much their home is worth when compared to an appraiser’s estimate. Experts say owners are behind on home valuations because they aren’t

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Your credit history is you on paper to a mortgage lender. It is everything a lender needs to know up front. It is often the first thing lenders check before moving on to the second and third steps of loaning you money. A good credit score is also the best way to get a respectable interest rate, an aspect of home buying that people often overlook.    

So if you're looking of ways to boost your credit score in 2015 because  buying a new home is on the horizon, here are 3 ways to boost your credit.

1. Past Due No More: If you have accounts on your credit report that are supremely past due (90 days or more), your first goal is to do whatever you can to pay them off, and have them removed. Lenders use your payment history as a means of judging whether or

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