Living in Alaska

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Whether you are a first-time homebuyer in Anchorage, Alaska or a step-up buyer, real estate trends may be of particular concern. Step-up buyers may worry they may be trading their lower interest rates of 3 or 4 percent for higher rates in the New Year if they make a move. The New Year will bring changes for homebuyers. The key is to have an experienced Realtor who knows the Anchorage real estate market so you can benefit from the positive real estate trends and be sheltered from any negative trends. Of course, many real estate predictions are simply predictions.     

•    Looking at interest rates rising

According to a recent article by The Washington Post, mortgage rates are headed to 5 percent. From a historical perspective, 5 percent is still low

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Whether you are planning to retire or starting a new business venture in Anchorage, moving is still one of the most stressful life events. For couples who can’t agree on how much to spend on a new home, which neighborhood and what kind of home features, the prospect of relocating to Anchorage is even more daunting. Fortunately, your Anchorage Realtor can work as a mediator for you and your spouse as well as for the two of you and the seller. According to a story by The Boston Globe, buying a home often taxes a relationship. If you and your spouse are opposites, the problem is even more pronounced. At the same time, use the process of buying a home in Anchorage as an opportunity to negotiate, work as a team and learn the art of compromise.          

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 Buyers and sellers may encounter a different real estate market in the New Year because of the ongoing housing recovery and exit of many investors.  Home buying in Anchorage, Alaska may pick up among the Millennials in their 20s and early 30s. According to a recent report by U.S. News & World Report, prices of homes have been on an upward climb, but that may level off somewhat. First-time buyers in Anchorage will get a boost as they can now get a mortgage from Fannie Mae and Freddie Mac for as little as 3 percent down as long as they pay the PMI or private mortgage insurance. When it comes to home buyer, the real estate climate is looking rosier.   

•    Rising home prices level off

Experts predict that home prices will increase gradually instead

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Alaska appeals to many baby boomers that are considered part of a trailblazing generation. Many retirees and pre-retirees in their 50s and 60s aren’t interested in living in traditional 55-and-older communities, according to an article by The Street. In fact, a Better Homes and Gardens Real Estate survey cited by The Street reveals 57 percent of people between the ages of 49 and 67 plan to move when they retire. Instead of downsizing, many boomers want to upsize to the nicest home they’ve owned in their lives. While no one needs a “trophy home” to impress others, many boomers worked hard to afford a luxury lifestyle in retirement. When relocating to Anchorage for retirement, enlist the help of a seasoned Realtor who knows the intricacies of the Anchorage

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When you are ready to sell your Anchorage home, you want to make improvements that will increase your home’s value. Curb appeal was important when you bought your home 10, 20, 30 or more years ago and it’s still important today. But how you enhance your home for the most return on your investment is a little different. According to an article by Yahoo Homes, Remodeling Magazine recently released its most current cost versus value study. Many of the renovations and updates that are most valuable relate to curb appeal. For home sellers in Anchorage, it’s all about making your home stand out in booming real estate market.  

•    Replacing the front door

This year’s annual report showed home owners can get a 101.8 percent return on their money by

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When it comes to buying or selling a home in Anchorage, Alaska, there’s a lot of activity and movement as move-up buyers trade up to better digs. Overall, the Anchorage Alaska real estate outlook is rosy because of low-interest rates and a favorable lending environment. According to a recent article by Time, the housing outlook is most positive for sellers. Experts say homes are no longer undervalued. Most sellers in Anchorage aren’t upset that investor interest is waning since most investors don’t pay top dollar anyway for a home.  

•    A great time to sell

According to a survey conducted by Time, consumers think it’s a good time to sell a home. Seventy-four percent of adults surveyed said that owning a home is still part of their personal

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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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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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