Alaska Real Estate Blog

How to Sell a Home with Previous Damage When buyers make an offer and have a home inspected, it will probably be made clear to them that a home has had a history of damage from water, fire and other sources. If you have had to deal with such problems in your home, here are some tips to ensure the appropriate tasks have been done before selling.

Complete Recommended Repairs

People who involve a homeowner’s insurance company when damage occurs usually have a very detailed estimate of the damage and recommended repairs. The best thing you can do for a future sale is to ensure that every item was completed according to specifications. In some cases, this means shelling out more money than the insurance company paid to repair or replace some items within the home. However, being diligent

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All About Mortgage Rates for Second Homes Owning a home can be a great feeling, but for people who travel frequently to a certain location or who often take vacations in a favorite spot, some individuals may consider owning a second home, as well. If paying cash for that second home is not an option, then it's time to get a mortgage to make the dreams of owning a second home come true. But before a buyer heads out to the bank or starts applying for a loan online, there are important things to understand about taking out a mortgage on a home that isn't a primary residence. One of the most important considerations is the mortgage rate.

How Much is the Second Home Mortgage Rate?

Rates for mortgages on second homes vary. When rates are low overall these rates may be close to the rates for

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Guide to home warranty plans for new home buyers Purchasing a home can be a drain on any buyer's bank account, even when they have carefully prepared for the process by having adequate savings to cover the down payment and other expenses related to the move. So it makes sense to look for options to help limit further expenses that may occur after the purchase has closed and the buyers have moved into the home. Home warranty plans are one of the options often considered by buyers in this situation. But home warranty plans are not always the best choice for every situation. If you are planning to buy a home soon and considering whether or not to opt for a home warranty plan, here are some options to consider while weighing the decision. 

What is a home warranty plan? 

Defined as a service

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Rural Home Financing Imagine wanting to buy a home, but having little in savings and no real way to come up with a down payment. Many buyers might think they have to come to terms with the idea that home ownership may never happen. What if there was a loan program that didn’t ask for any cash down and made buying a home far easier than you ever thought?

The United States Department of Agriculture has created a home financing program that provides potential buyers with the ability to purchase a home as long as they meet some specific criteria. The goal of the program is to promote individuals living in rural areas, so if the home a buyer is looking at is considered to be in an eligible area, they can begin the application process and move forward with buying their ideal

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Geothermal energy. Minimizing use of concrete. Making windows more energy efficient. There are many ways that new homes can showcase environmentally friendly technologies. Here are a few of the current trends in home building for buyers looking to decrease their energy consumption or their carbon footprint.

Geothermal Heat Pumps

The average American household uses well over 50 percent of total energy consumption on heating and cooling. Anything you can do to decrease the amount of energy you use puts less stress on the city’s energy supply and also saves money. Geothermal heat pumps rely on the relatively stable temperature of the earth to heat and cool the home throughout the year. Heat pumps move heat from one place to another, instead of

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When it comes to preparing a home to be put on the market, deciding which home improvement projects to undertake can feel like being lost on unfamiliar roads without a map. Completing the right home renovation projects can help homeowners get better offers when it's time to sell, but knowing which home renovation projects take priority can be a challenge if you've never sold a house before. In general, there's a hierarchy of home improvement projects. Here's roadmap to important home renovation projects that can help sellers get better offers and sell more quickly.

Deferred Maintenance

Homebuyers like turnkey properties. Problems with the home that arise from deferred maintenance, such as roof repair, HVAC system repair, and window repair, can all

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Homes Other Than a Traditional Single-Family If you are not buying a single-family home, you might face a dizzying variety of terms for homes that have several units in a building, or just one or two.

Buying a home in a community is often less expensive, with more amenities than you could get with a single-family property. Understanding the differences between condominiums, townhomes, duplexes and twin homes helps you to determine which type is ideal for your search.

1. Condominium

The conventional concept of a condominium is simply an apartment that you own. While this is a common arrangement for condos, it is not the only one. Condos can be located in a multi-unit building or be detached from one another. Some condos are structured vertically so that they look somewhat like townhomes.

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Spring Flowers Outside of Home Are you thinking about buying a home this spring? If so, now is the time to start your search. Looking at listings, finding a real estate agent and getting pre-approved for a mortgage are smart first steps to help you buy a property you’ll love.

Select a Real Estate Agent

Your real estate agent will be your guide through the home buying process. It’s important that the real estate agent you choose is reputable. It’s also important to choose a real estate agent that you can work with closely.

Ask friends and relatives for references as you choose a real estate agent in your area, then interview each candidate to choose the best real estate agent for your needs. If you’re buying under special circumstances, like you want to buy a home in

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Making Sure Home is Up to Code Over the last several decades, the increasing use of residential building permits and inspection processes has helped to improve the quality of all types of residential housing, including single family homes, condos, and multi family units. 

Used primarily in incorporated urban and municipal areas, mandatory building inspections and permits help to ensure that initial construction processes, renovations, and repairs all meet a basic standard for safety and quality. In addition, because the permit applications and inspections are considered public record, they provide historical data that can be helpful to future home owners, real estate professionals, and those involved locally in making planning and zoning decisions for their city or town. 

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Improving Your Home's Appearance Your home’s exterior plays an important role in the sale of your home. Making exterior improvements can boost your home’s curb appeal and draw attention from buyers even before they walk in your front door.

A good first impression can lead to larger offers and a faster sale - here are some common ways sellers can get the attention of prospective buyers.

Repaint or Install New Siding

Repaint or install new siding to give your home’s exterior a fresh, clean appearance. This is especially helpful if your home is starting to look a bit run down from the outside. Remember that, on average, siding replacement has an expected ROI of between 70 and 80 percent, so you should be able to recoup a lot of your costs at the time of sale.

When choosing a

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* This representation is based in whole or part on data supplied by, and to, the Subscribers of Alaska MLS. Alaska MLS does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Alaska MLS is for its own use and may not reflect all real estate activity in the market. Report reflects sales through within 24 hours of the final report date.

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