Home Buying Tactics to Keep You Calm in a Hot Anchorage Market

Posted by Dan Wolf on Monday, September 14th, 2015 at 8:25am.

If you are planning to buy a home in the Anchorage, Alaska housing market this fall or winter, rely on an experienced Realtor to lead the way. With several home buying tactics to keep you from feeling overwhelmed or too emotional about the process, you can maintain a power position even when competing in a bidding war. According to a recent article by realtytoday.com, buying a home is the largest purchase most people will make in their lives. It pays to have a Realtor dedicated to your best interests as opposed to the interests of the mortgage broker, appraiser or home seller. In Anchorage, there is a growing inventory of homes available as well as more young millennial buyers hunting for a starter home.    

Have a plan

According to realty.com, it is important to have a plan when you start the home buying process. In addition to a budget cap, have a budget range. Having a budget range means you know the most money you can come up with if you find a dream home as well as the lower amount you think would get you what you want. To figure out what you can afford, talk to a mortgage lender and ask for a pre-approval letter instead of a pre-qualification letter. A pre-approval letter is more valuable and reliable.

Hire a Realtor

A Realtor that specializes in Anchorage real estate properties can take the stress off your back. Your Realtor will negotiate for you as well as show you properties that you could not find as quickly on your own. Communicate with your real estate professional. Some of the important information to rely includes your budget, your timeline, preferred neighborhoods, ideal amenities as well as “deal breakers” such as a home with one story instead of two stories. Be careful not to include deal breakers such as a fenced yard or stainless steel appliances since it is simple to fence in a yard or buy certain appliances on your own.

Research on your own

Even though you rely on a trained Realtor, you can do some research on your own. Find out about the schools and crime in various Anchorage neighborhoods. Before you take a home tour, take a tour of the neighborhood by visiting the library, police station, restaurants, coffee shops or grocery stores. Don’t be afraid to talk to neighbors or restaurant patrons to find out what the love or hate about a particular community. You can also research information about different homebuilders by reading reviews online or talking to homeowners.

The more information you have, the less stressed and overwhelmed you will feel. At Wolf Real Estate, we help our clients with home buying tactics in Anchorage, Alaska. For more information on home buying or selling, please contact us at 248-9653 or visit us online at www.anchoragehomesearch.com.

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