Alaska Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Jan. 17, 2018

3 Rules to Remember When Shopping for a Mortgage

 

 

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Since you're in the market for a new home, you're probably in the market for a new mortgage. Here are 3 critical shopping tips for anyone looking for a new loan.

 

Know the Terms

All the terms of a loan matter. Unfortunately, shopping for a mortgage is not as simple as finding out how much a lender will let you borrow and at what interest rate. You'll want to get a complete breakdown of what any offer your receive means to you on a monthly basis as well as how much money you'll be spending over the life of the loan. 

 

Not all Mortgages are the same

There are several mortgage types available to residential home buyers. Most people will shop for a traditional fixed rate mortgage, but other options are available including adjustable rate loans (ARMs), Federal Housing Administration loans (FHAs), and Veteran's Administration loans. You'll want to be sure to understand what kind of loan a lender is offering you. 

 

Fees, Fees, Fees

Most loans have fees associated with them in additional to the principal amount borrowed to buy the home. You can sometimes borrow the money need to cover these fees, but that will obviously increase the overall amount of debt you undertake. Some fees are paid up front, and others are not due until closing. 

 

If you'd like to chat with me personally about how to shop for a mortgage and what other questions you can ask lenders to find the best deal, give me a call at any time. I'm happy to get you started on the right path so we can start looking for your new home!

 

Alaska Real Estate Victoria Roberts

 

Victoria Roberts 

AK.16251

Keller Williams Realty Alaska Group

Associate Broker

907-351-9434

 

www.alaskahomeproperties.com

Copyright 2018 Keller Williams® Realty, Inc. If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed. Equal Opportunity Housing Provider. Each office is independently owned and operated. 

 

Posted in Real Estate Info
Jan. 15, 2018

Thinking of Selling? Now is the Perfect Time

 

It is common knowledge that a great number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year.

The other listings that do come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market in the spring as compared to the rest of the year? The National Association of Realtors (NAR) recently revealed the months in which most people listed their homes for sale in 2017. Here is a graphic showing the results:

Thinking of Selling? Now is the Perfect Time | MyKCM

The three months in the second quarter of the year (represented in red) are consistently the most popular months for sellers to list their homes on the market. Last year, the number of homes available for sale in January was 1,680,000.

That number spiked to 1,970,000 by May!

What does this mean to you?

With the national job situation improving, and mortgage interest rates projected to rise later in the year, buyers are not waiting until the spring; they are out looking for homes right now. If you are looking to sell this year, waiting until the spring to list your home means you will have the greatest competition amongst buyers.

Bottom Line

It may make sense to beat the rush of housing inventory that will enter the market in the spring and list your home today.

 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

 

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 Victoria Roberts, Associate Broker

Keller Williams Realty Alaska Group

www.alaskahomeproperties.com

907-351-9434

 

Search Alaska Real Estate Here 

  

#alaskarealestategroup #victoriaroberts #rentvsbuy  #homeownership #alaskarealestate #livesworthliving

Posted in Market Updates
Jan. 10, 2018

The Impact of Tight Inventory on the Housing Market

The Impact of Tight Inventory on the Housing Market

The Impact of Tight Inventory on the Housing Market | MyKCM

The housing crisis is finally in the rearview mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. It seems that the market will continue to strengthen in 2018.

However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong throughout the winter, supply is not keeping up.

Here are the thoughts of a few industry experts on the subject:

 

National Association of Realtors

“Total housing inventory at the end of November dropped 7.2 percent to 1.67 million existing homes available for sale, and is now 9.7 percent lower than a year ago (1.85 million) and has fallen year-over-year for 30 consecutive months. Unsold inventory is at a 3.4-month supply at the current sales pace, which is down from 4.0 months a year ago.”

Joseph Kirchner, Senior Economist for Realtor.com

“The increases in single-family permits and starts show that builders are planning and starting new construction projects, that’s a good thing because it will help to relieve the shortage of homes on the market.”

Sam Khater, Deputy Chief Economist at CoreLogic

Inventory is tighter than it appears. It’s much lower for entry-level buyers.”

Bottom Line 

If you are thinking of selling, now may be the time. Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price.

 

To Search All MLS Homes For Sale On One Easy Site

1. Paste the address below and start your own Advanced Search:
http://www.alaskahomeproperties.com/search/advanced_search/
2. Reply to this ad by email with your requirements and I'll build a Custom Search for you.

3. Or the old-fashioned way, give me a call:
Phone: 907-351-9434 Victoria Roberts Keller Williams Realty Alaska Group

Posted in Market Updates
Jan. 5, 2018

8540 E 12Th Court, Anchorage 99504

8540 E 12Th Court, Anchorage

 

4BR/2BA Completely remodeled from top to bottom; This wonderful 4 bedroom home gives you the space, comfort and warm feeling of a beautifully updated home. Cozy up to the fireplace in the winter months or lounge on the south facing deck in the summer sunshine; HOT TUB INCLUDED! Schedule your showing today before this one is gone! New Roof, WH, Furnace, Appliances, flooring, remodeled kitchen and bathrooms & interior paint. New windows, new siding, fence, landscaping, updated deck, sealed driveway & 2 sheds.

For More Information on This Home Click Here!

https://www.alaskahomeproperties.com/search/details/42/0/

To Search All MLS Homes For Sale On One Easy Site

1. Paste the address below and start your own Advanced Search:
http://www.alaskahomeproperties.com/search/advanced_search/
2. Reply to this ad by email with your requirements and I'll build a Custom Search for you.

3. Or the old-fashioned way, give me a call:
Phone: 907-351-9434 Victoria Roberts Keller Williams Realty Alaska Group property listed by Yvette Belisle at Herrington and Company LLC

Posted in Listings
Jan. 2, 2018

Should I Stay or Should I Go? How to Know When It's Time to Sell

Should I Stay or Should I Go? How to Know When It's Time to Sell

Part of being a homeowner is dealing with the intermittent thought, "Hmm, maybe I should put my house on the market..."

 

Obviously, deciding to sell your home is no small decision. In fact, it's right up there with deciding to buy a home in the first place. Here are four indicators that can help you decide whether now actually may be a good time to list your home:

 

You're out of space. While it might be nice to have more room for your shoes, does that warrant a new home? On the other hand, is there a baby on the way? An in-law moving in? If your household is getting ready to grow, it may be time to move on to a house that will accommodate your expanding needs.

 

You're in a hot market. If "sold" signs are popping up frequently in your neighborhood and prices are rising quickly, it might be worth talking to your real estate agent. If now is the time you can potentially make a big return on your investment, you might want to consider making a move.

 

You're sick of yard work. If raking leaves and restaining the deck are no longer considered fun projects, you may be at a stage where you're looking to scale down to a more streamlined, less work-intensive living situation.

 

Your life has changed. If you've had a major life event - marriage, divorce, new job, retirement - it may necessitate a new home and/or a new location that makes more sense for your new life. Consider whether your current home is still the right fit.

 

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 Victoria Roberts, Associate Broker

Keller Williams Realty Alaska Group

www.alaskahomeproperties.com

907-351-9434

 

Search Alaska Real Estate Here 

  

#alaskarealestategroup #victoriaroberts #rentvsbuy  #homeownership #alaskarealestate #livesworthliving

Posted in Real Estate Info
Dec. 21, 2017

How much do buyer's agents cost?

 

How much do buyer's agents cost?

Home buyers don't need to worry about the expense of hiring a buyer's agent. Why? Because the seller pays the commission for both the seller's agent and the buyer's agent. 

Yes that is what I said. No out of Pocket Costs for You!

The only time that may change is if working with a For Sale By Owner and they wont pay commissions. Typically they do though

So WHY would you not have some represent and consult you through the home buying purchase? 

To help navigate the paperwork, Title, Inspections and Negotiate for you?

Having a REALTOR represent you brings tremendous value to the home buying process, We Help set clear goals and save money through expert knowledge and negotiation skills of a professional proactive real estate adviser.

Don't Leave money on the table by unforeseen problems a professional would of caught.

Call / Text us Today! 907-351-9434

Start your search here and lets make your Goals a Reality

https://www.alaskahomeproperties.com/

Victoria Roberts, Associate Broker

Keller Williams Realty Alaska Group

907-351-9434

 

 

 

Posted in Real Estate Info
Dec. 18, 2017

Home Renovation for (Less Than) the Cost of an iPhone 8

Home Renovation for (Less Than) the Cost of an iPhone 8


With every new iPhone release, we discover new ways we can't live without our devices. The iPhone 8 is waterproof, rustproof, and has the most durable glass yet. It has enhanced stereo speakers, wireless charging, a stellar camera and more. However, it comes at a hefty price: $699-$949. 

You may see that price tag and think, "There is so much I could do with $1,000!" - and you're right. With $1,000, you could buy a thousand donuts, fly to Europe and back, or even take a couple of cruises - or, you could tackle a home renovation, which will add value and character to your home. You may be surprised by the scope of projects you can pursue with a $1,000 budget. Here are a few to get you inspired.

Swap out your old front door. 
The front door is a signature part of your home's first impression. If you're selling your property, a brand-new door in a flattering color can help draw buyers. If you're renovating for yourself, you can choose a door that speaks to your personality and makes your house feel fresh.

Front Door Installation: $900



Give your bathroom an upgrade. 
With this budget, you can have both your toilet and your sink replaced professionally. These two elements can instantly change the way your bathroom looks and feels. Seriously: Each installation takes less than two hours! If you've always wanted a porcelain vessel sink, consider treating yourself now.

Sink Installation: $400 
Toilet Installation: $400 

 



Get the kitchen island you've been dreaming of. 
Didn't realize you could have a kitchen island for less than $1k? Now that you know, it's time to get to planning! These fixtures afford so many conveniences. You can chop and prepare foods, create an eating area, or use their drawers and cabinets for storage. You can get a medium moveable island with cabinets and a butcher block top for $225-$550. Built-in ones typically range in price from $500-$2,000. 

Kitchen Island Installation: $130-$2,000 



Ditch that rickety garage door. 
An old garage door can make you feel less secure and bring down your curb appeal. With a new one, you can change up the color and style, and consider useful features like insulation. Some homeowners brave this as a DIY renovation, but that approach is not recommended. These doors are heavy, and if the electrical system is compromised during the installation, you could be looking at a big headache. 

Garage Door Installation: $1,000 

Try your hand at a DIY project. 
You can make some excellent additions to your property all on your own, with a little bit of handy work. Follow a step-by-step guide or buy a ready-made unit to guarantee correct installation, and you'll be flying through the renovation like a pro. Here are a few which will come in under $1,000. 

Add cabinets to your laundry room. You'll wonder how you ever lived without them. Even one or two cabinets can make a huge difference, allowing you store laundry items out of sight and keep the room more manageable. Basic cabinets run about $150-$200 each.

Treat yourself to built-in bookshelves. It sounds more complicated than it has to be. You can actually purchase pre-made shelving units and install them yourself for $200-$500. Gather all of those books and knick-knacks from cluttered surfaces and integrate them into one cohesive, organized space. 

Spruce up your outdoor space with a bistro patio. This is a big project, but it will be well worth it to have an outdoor gathering space for those good weather days. These patios are typically seven feet by seven feet, which is a perfect size for the DIY-inclined. Outfit it with a few chairs and a firepit, for casual nights under the stars. Materials cost anywhere from $400-$900.

There are many possibilities with a budget the size of an iPhone 8 price tag. Each of them has the potential to add value to your house, by upping the curb appeal and creating useful amenities. If you have $1,000 to put toward a home renovation, you can make it go a long way with any of these high-impact projects.

 

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 Victoria Roberts, Associate Broker

Keller Williams Realty

 

907-351-9434

Search Alaska Real Estate Here

#victoriaroberts #rentvsbuy  #alaskarealestate #homeownership #alaskarealestate #livesworthliving

Posted in Home Improvement
Dec. 18, 2017

How to turn your Garage to Living Space

How to Turn Your Garage Into Living Space

 

If you're looking to add a little more usable space to your home without tackling a major addition, you might want to look to your garage. Here are some important considerations to think about first:

 

Are you currently using your garage? This may seem obvious, but start by thinking about how much you actually use your garage to park your car and as storage space for tools and lawn equipment. If you don't have alternatives for parking and storage, turning the garage into living space isn't a great option.

What would you use the space for? While a garage might be perfect for a play space for your kids, an exercise room, or a makeshift office, it's not necessarily ideal for a guest room. You only want to renovate to the extent that you'll be able to use the space as a garage again if and when you want to.

Will minimal adjustments do the trick? To make sure your garage can quickly convert back to a garage when you want it to, create a space that only needs minimal renovations, such as synthetic flooring, an external heating/cooling unit, some finished walls and a fresh coat of paint. Then add an area rug and the necessary furniture and you're all set.

What does zoning allow? Most importantly, find out what zoning will allow for in your town. And be sure to return your room to its status as usable garage space if and when you choose to put your home on the market, as the number of garages will impact the sales price.

Posted in Home Improvement
Dec. 8, 2017

Get Sweet This Holiday Season

Get to have the pleasure of hosting the holiday meals this year? (Or are you "stuck" with it?") Fortunately, you can throw a few ingredients together and become the Pinterest-Queen (or king) of the party. Check out these adorable treats that will be a perfect dessert for your next Christmas party. You can snag the recipe here: https://goo.gl/93bPKA

And if you have been thinking about selling, I can make these treats for your home's next open house!

Happy Holidays and Merry Christmas

- Victoria

 

 

 

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 Victoria Roberts, Associate Broker

Real Estate Brokers of Alaska

www.alaskahomeproperties.com

907-351-9434

 

Search Alaska Real Estate Here 

  

#alaskarealestategroup #victoriaroberts #rentvsbuy  #homeownership #alaskarealestate #livesworthliving

 
Posted in Trends and Life
Dec. 6, 2017

10 Staging Tips To Get Your Home Sold

 

 

Ready to sell your house? Here is a few staging tips to get your home prepared for the market. When listing a home that cost hundreds of thousands of dollars, if not millions, you want to make sure it's presented in the best light. You wouldn't buy a $50,000 dollar car if it was filled from top to bottom in someone's personal content and trash. This is the same mindset you need to carry into selling your home that will be worth well over a $100,000.

1. SAY BYE TO CLUTTER

The best thing you can do for your home for sale is to get rid of all of your clutter! Make a rule for your home that for every new piece that comes in, one must go. One of the biggest factors to a cluttered home is too much furniture. Generally, in a professional staging, half the home owner's furniture is removed to make the house look much bigger. Look around your house and see what you can pack away. It'll be worth the investment to get a storage unit for a couple of months to store away a lot of your furnishings and goods.

2. FURNITURE GROUPINGS

It's largely misconceived that furniture pushed directly up against walls make a room look bigger, but this is far from true. Instead, you'll want to float your furniture in reach room and away from the walls. Position your sofas and chairs into cozy conversational groupings. Be sure the furnishings are placed to make the traffic flow in a room obvious. This will make the room more user-friendly and will make it look larger.

3. TRANSFORM ROOMS

If you have a room that has only served to collect boxes or other junk, it's important to purpose the room to something that is functional. You can make it into an extra bedroom, a small cozy nook/reading room, etc. If it's in the basement, hid the boxes and turn it into a gaming room or family area.

4. HOME LIGHTING

Great lighting is the trick to making a staged home look warm and welcome. Most homes are improperly lit, which makes rooms look dark and dreary. There is a quick fix to this issue. Increase the wattage in your fixtures and lamps, aiming for about 100 watts per 50 square feet. Add three different types of lighting to each room: ambient (general overhead), task (under cabinets or pendants), and accent lighting (table lamps and wall accents).

5. GO NEUTRAL 

The simple trick to toning down dated finishing in any space is a little bit of fresh paint. You don't want to go stark white, but look into neutral grey and beige colors. Beige colors can also consist of warm honey like colors, soft blues and greens, and a variety of undertones that add a little life to a general neutral color. If you do want to use bold colors, be sure to only keep it on accent walls to help enhance structural features.

6. MAKE IT LOOK BIGGER

If you want to make a room bigger than it is, paint the room the same color as an adjacent room. For small kitchens and dining rooms, a seamless look will make the space feel like one, open it up, and make it seem much larger. Using drapes that match the wall colors can also add an emphasis to the room's size.

7. USE YOUR GARDEN

Staged homes have an emphasis in fresh flowers and pricey floral arrangements. If you don't have the money to go all out on florals, you can get this same effect by raiding your garden space. You can DIY beautiful pieces with fern fronds, magnolia clippings, and more. Use the spring and summer months to find cheerful flowers and use them in your arrangements.

8. GET A FACELIFT

So you can't afford new cabinets? Then you can just get new doors and drawer fronts. Then paint everything to match and add new hardware to them. Instead of replacing the entire dishwasher, you may be able to get a new front panel, go for stainless steel if you can pull it off. Check with the manufacturer to see if replacements are available for your model.

9.MAKE NECESSARY REPAIRS

Unfinished home projects can really scare off potential home buyers, so you'll want to be sure to make required repairs. Missing floorboards and large cracks in the sidewalk on the way to your door tend to be a red flag. Holes in walls and scratched up door frames can really look unattractive. These repairs cost you less to fix than buyers might deduct from the asking price.

10. CLEAN YOUR HOME

Aside from de-cluttering, the most important step to staging your home is to clean it. A dirty house is a quick turn-off for potential buyers. Most homes, especially with children and pets, and smokers, have a smell that may go undetected to home owners, but are quickly picked up by strangers. Be sure to have your home professionally cleaned prior to staging to appeal to all buyers that your home is nice and fresh.

Posted in Real Estate Info