Home Selling Advice When You Own a Modest Property in Anchorage

Posted by Dan Wolf on Thursday, March 19th, 2015 at 11:11am.

At first blush, you may think it’s a negative thing to own a modest or small home when home selling in Anchorage, Alaska. In reality, there is a huge demand for entry-level or starter type homes in Anchorage. While it’s true some real estate agencies advertise their luxury home listings, a good and reputable Anchorage Realtor will welcome homes in a lower price. According to an article by The Pueblo Chieftain, people who want to sell a modest home shouldn’t panic. Years ago, a lot of people followed the advice to buy a home you could afford in the best possible neighborhood. For many home owners in Anchorage, Alaska, that advice has paid off. You will likely be surprised by how much your home is worth even if it’s a small or modest abode.      

•    Estimating your home’s value

A good Realtor will provide you with a comparative analysis of homes in your area. If you own a smaller home in a great neighborhood, you shouldn’t expect to get the same price as a home that’s twice as large. However, on a price-per-square-foot basis, you should come out ahead compared to large homes in declining neighborhoods with a lot of foreclosures and short sales.

•    Being strategic with your price

Once your Realtor provides you with an estimate of your home’s market value, discuss your listing price. Experts advise against pricing a property too high. Your home will be worth more per square footage if you have updated your property with modern appliances, floors, custom cabinetry and finishes.

•    Making your home really shine

Owners of small or modest homes can do a lot with curb appeal. If your home doesn’t have any curb appeal now, consider stone façade, a bay window, impressive entry doors or upgraded driveway and sidewalk pavers. A landscaper can design a beautiful yard that looks good throughout the seasons in Alaska.

Experts and designers also recommend the sellers of modest homes think about how they stack up compared to new construction. Take a tour of models homes with the same square footage. What kind of flooring do you see in the new construction homes? How does the designer stage with furniture and accessories?

At Wolf Real Estate, we love to help clients who own homes of any size in Anchorage Alaska real estate. We can market your modest home as a starter home to well-qualified buyers. For more home selling tips in Anchorage, please contact us at 248-9653 or visit us online at www.anchoragehomesearch.com.

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