Anchorage Alaska Real Estate: Consider Price, Location, Condition

Posted by Dan Wolf on Tuesday, September 8th, 2015 at 7:57am.

Baby boomers are a force in the Anchorage Alaska real estate market even as more young buyers buy and sell. While some of their peers might be moving to the Sunbelt to retire, a lot of people in their 50s and 60s feel content to remain in their hometown of Anchorage. If you are trying to get your home ready to sell, keep in mind that older buyers consider price, location and condition for real estate. According to a recent article by U.S. News & World Report, home sellers should know the baby boomer housing trends. If are a pre-retiree or retiree who wants to sell your Anchorage Alaska home, rely on the expertise of the Wolf Real Estate team.            

•    Buying a home outright

Because many baby boomers have paid off their mortgages, they have a lot of flexibility. When boomers sell, they can go on to make an all-cash purchase on a home. Experts say it’s a lot easier to win in a bidding war on a home if you are willing to pay all cash. The price of a home is important to boomers who want to either buy a home outright or have an extremely affordable mortgage payment.

•    Lowering housing expenses

The key to lowering housing expenses isn’t about downsizing in terms of square footage. If you want to stay in Anchorage Alaska, it’s possible to find a home that’s more affordable in a nearby part of town. In some cases, people trade up to a nicer home that actually costs them less each month in terms of payments or property taxes.

•    Living in a walk-able neighborhood

When it comes to location, experts say boomers love walk-able neighborhoods. They also want to own a home that’s close to their family and friends. U.S. News points out many older people like the comfort of their hometown. Research shows only 10 percent of boomers want to live in an age-restricted community.

•    Buying a move-in ready home

According to U.S. News, baby boomers aren’t enthralled with older homes that need a lot of work and maintenance. If you plan to sell your home, make improvements that will provide the new owners with greater convenience and enhance the home's condition. Some ideas include installing energy-efficient windows and doors, replacing old appliances and decorating in a modern style.

At Wolf Real Estate, we work with baby boomers and other home sellers and buyers in Anchorage Alaska. For more information about the best price, location, condition for Anchorage Alaska real estate, please contact us at 248-9653 or visit us online at www.anchoragehomesearch.com.

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