Selling

Helpful information for Anchorage home sellers

Found 17 blog entries about Selling.

Luxury home foyer

Luxury homes face a longer and bumpier road to the closing table than most homeowners. There are a number of reasons for this: A smaller pool of buyers that are savvy and, because of their affluence, are in no hurry to buy. Several cogs can end up in the luxury home sale wheel and further slow the process to a crawl and kudos to you for wanting to know about these upfront.

The luxury home seller

One thing we’ve noticed with our high-end home sellers in Anchorage is that they have a mindset that theirs is the most luxurious home on the market. Now, that may be true, but combined with the attitude of most high-end buyers who can afford to be choosey and you’ve got the makings of protracted negotiations.

Understand that this sale is a business

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fall foliage looking out a window onto a lake

If you’re one of the many Southcentral homeowners planning to sell this fall, the time to prepare is right now, believe it or not. You’ll have some competition once autumn hits and anything you can do to smooth the way now will put you way out in front of the rest of them.

You can hire the Unity Home Group® Team now as well and we can take care of the photography (see number 1 below), get the marketing plan pinned down and help you in other ways as well.

Here are some additional tips to help you hit the ground running in fall:

1. Photograph the home

The National Association of Realtors (NAR) claims that 90 percent of homebuyers shopped online at some point during their home search. Most of these buyers say that if a listing lacks photos

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Realtor.com recently asked homebuyers what is standing in their way of purchasing a home. Most claimed that they couldn’t find a home to fit their needs, but 10 percent say they’re concerned about selling their current home. That brings up the age-old “chicken-and-egg” real estate conundrum: What comes first, buying or selling? The answer to that depends on several factors:

Equity

The amount of equity you have in the home will help determine the sequence ― whether you should sell first or buy first. If you need the proceeds from the sale of your current home for the down payment and closing costs on the new one, you may need to sell first. Or, take advantage of some of the alternative solutions that we’ll explain below.

Your income

Can you

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pen writing once upon a time

 

Have you ever wondered who starts myths and why? Sure, the old fairy tales and legends are harmless but what about those regarding real estate? These are far more dangerous, especially to your bank account.

It’s time for a little real estate myth busting.

1. I’ll make a ridiculously low offer. After all, it’s a buyers’ market

Yes, homebuyers have far more control over a real estate transaction when there are lots of homes on the market but few buyers. This doesn’t mean, however, that it’s bargain basement shopping time. If you find a home you truly want, you’ll run the risk of insulting the seller and, regardless of how badly he needs to sell, he may not sell to you.
Many homeowners have longtime roots in the neighborhood and a very real

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Handyman repairing kitchen faucetCertain repairs simply must be made before selling your home in Anchorage. A leaky roof, broken windows and an inoperable furnace aren’t going to fly with buyers. Other fixes, however, aren’t as important but they may help sell the house.

“You want to spend as little as you possibly can on the improvements that make the most sense, and ignore the ones that you’re really dreaming about because you’ll never get your money back,” Barbara Corcoran tells the Today Show.

Front and Center

One of the best fixes you can make for the money is anything that is wrong with the home’s exterior, visible from the street. In other words, give the place some curb appeal by fixing all of the following:

  • Sagging and/or torn window and front-door screens
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Most of our clients understand that we’re in a seller’s market here in Southcentral, but many don’t know exactly what that means. So, today we’ll take a look at the nuts and bolts of both sellers’ and buyers’ markets.

Seller’s markets are characterized by:

  • A depleted inventory of homes for sale.
  • Escalating home prices.
  • Multiple offers on homes in good shape and located in decent areas.
  • Buyers have little bargaining power.
  • Depleted Inventory

The most common cause of low inventories in a real estate market is a combination of few homeowners listing their homes and strong buyer participation in the market. It’s a matter of supply and demand.

Escalating Home Prices

The economic principle of supply and demand works

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It’s no secret that spring and summer are the peak home-buying seasons in Alaska. Folks that want to move usually plan for it to happen around the time the kids get out of school so the months leading up to August are typically our busiest. Plus, the weather is more conducive to getting out to house-hunt during this time than during the winter months, which also contributes to the busyness of the spring home-buying season.

If you’re one of the many Alaska homeowners planning to sell this summer, the time to prepare is right now. You’ll have lots of competition as we get deeper into June and anything you can do to smooth the way now will put you way out in front of the rest of them.

You can hire the Unity Home Group® Team now as well and we will

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We recently got an email from Mark in Anchorage:

“One of those big online national real estate websites values my Anchorage home at $285,000. One of my neighbors, whose house is quite similar to mine, just sold his home for $325,000. I’m getting ready to put my home up for sale and I’m so confused over the whole process of figuring out how much it’s worth.

I know that my real estate agent will help me come up with a price, but what if his price is different from the previous two I mentioned? How will I know which of the three truly reflects the market value in my neighborhood? Just how does one figure out how much a home is worth?"

Good for Mark that he understands that his asking price for the home should reflect market value for his

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Ah, spring – the time homebuyers binge on Southcentral real estate. Look at any graph over the last decade or two of monthly housing activity in the area and you’ll see a February slump and then a rapid rise in activity until the peak in April. In 2014, we experienced two peaks in Anchorage, one in April and another in July. Suffice it to say, it’s no secret that spring is the ultimate home-buying season in Southcentral.

If you’re one of the many homeowners planning to sell a Southcentral home this spring, it’s not too late to get the home ready. You’ll have lots of competition this month and anything you can do to prepare for the market will put you way out in front of the others.

 Here are some tips to help you hit the ground running:

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Home

Closing costs can make an already expensive purchase feel unreasonable. After you’ve purchased your new home, you’ll not only be faced with tons of paperwork to complete, but also with a detailed estimate and breakdown of your closing costs from the lender. This is going to show deposits, pro-rations of taxes and fees that you’ll be responsible for.

These closing costs can be shocking and overwhelming to a home buyer since they feel that the hard part should be over with. The last fees due before you get to move into your brand new home can cause some sticker shock but there are some ways to reduce this big number to something more reasonable. Here are some tips to reduce closing costs in your next home purchase.

Before you choose a lender

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