Alaska Real Estate Blog

How to Realistically Save for a Down PaymentDown payments can be scary, especially for first time home buyers. 20 percent of the home’s total value is the standard for a down payment, with some variations, but even on a $200,000 home, that still comes to a $40,000 down payment. A down payment can seem like a lofty goal, but here are some strategies for buyers to start saving that don’t involve giving up coffee and avocado toast.

Buy Generic and Store Brands

Many large chain stores offer their own store brands as alternatives to name brands. These store brand products are often very similar to their name-brand counterparts, and they’re often far less expensive.

This doesn’t just apply to cookies and paper towels, though. Many over-the-counter medicines, like pain killers and eyedrops,

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Selling a House with a Reverse MortgageAlthough recent television ads might make it seem like reverse mortgages are something new, they actually came into being more than five decades ago – way back in 1961. After some initial problems with the way they were structured, reverse mortgages were systemized by the federal government in 1987 as part of the Home Equity Conversion Mortgage (HECM) Program by the United States Department of Housing and Urban Development Housing and Community Development Act. But even though reverse mortgages have now been around for more than half a century, they are not as well-known or widely used as other types of home financing, such as conventional mortgages. Because of this, homeowners who have reverse mortgages, or those who find themselves inheriting a

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Reasons Sellers Can Benefit from a Home InspectionBuyers commonly insist on a home inspection. Most real estate agents strongly recommend them. It protects the buyer from ugly surprises in the form of problems they were unaware of at the time of sale. Of course, a home inspection could find a deal killer, a problem so egregious the buyer backs out entirely. Or perhaps it finds something requiring an expensive fix. Still, there are many reasons why sellers should not fear and should actually welcome a home inspection.

It Puts Buyer and Seller on Equal Footing

Licensed inspectors are impartial. Their job is to identify problem areas and suggest solutions. By having a detailed report lay out the issues, buyers and sellers negotiate from the same starting point. A buyer cannot insist a problem is

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Renovations to add Value to your HomeSummer is the season to enjoy your yard and the outdoor life, but it can also be the time to complete some value-adding DIY projects around the house. Here are 5 great ways to improve your property –you'll never call it work!

Enhance your Patio

Extend outdoor living space with a new deck and bench seating along two sides of an existing patio. Or place stepping stones strategically to through a planting area, leading guests to an wood deck with an attached ramada. Find ideas for both simple and "over the top" decks at houzz.com.

Beautify the Front Entry

Repaint your front door a bright new color, then add a new keyless lock set to complement the architecture and provide better security. Add stylish numbers, large and distinctive enough to

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Using a Pre-Listing Inspection to Better Sell Your Home For many home sellers, waiting for the results of their buyer's home inspection is one of the most stressful parts of the entire selling process. Even homes that have been carefully maintained can be found to have condition or repair issues that the seller was not aware existed. In most cases, the issues are minor and relatively inexpensive for the seller to repair. When the issue is serious, however, such as a leaking roof or foundation problem, sellers may be faced with trying to save their home sale while struggling to cover the cost of an unexpected and very expensive home repair. In addition to the expense, home inspection issues also have the potential to cause closings to be delayed while repairs are made and may even carry a risk of

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Tips for Buying a Rural Home PropertyPeople have varying dreams of homeownership. You may imagine living in a cottage on the beach or in a log cabin house by the mountains or a lake. If you've lived in the city or suburbs, your dream home may dwell in the country as you have always wanted to own a farm, grow vegetables or raise livestock. In time, you may have the opportunity to seek out your country home.

Buying a rural home is sometimes not very different from looking for a home in the city. You want a house that fits into your current and future needs as well as preferences. Searching the real estate listings will allow buyers to pull up prices in a specific location and learn about all the amenities that are located close by. There are a few differences to be aware of when you are

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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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* 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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