With February coming to a close, it’s an excellent time to start thinking about purchasing a home in Fairbanks, Fort Wainwright, North Pole, Salcha and the surrounding areas. The busy real estate season will soon kick off and Alaskan buyers will flock to the market!
But as you think over your big move to a new home in the Fairbanks area, you might find yourself asking a few of these common buyer questions. As your local real estate experts, Madden Real Estate is happy to answer them! Keep the following in mind as you prepare to buy a home this year:
Which homes can I afford?
The first step to purchasing a home in Alaska is figuring out your budget. This will help as you begin house-hunting and can narrow down your search parameters by price range— you don’t want to grow attached to homes you cannot afford! Enter your information into a Mortgage Calculator to estimate how much you would be comfortable paying each month. To take it one step further, getting pre-approved by a local lender shows your buying power to sellers and that you’re serious about making the purchase.
How do I know if I’m getting a good deal?
The best way to tell if a home is a “good deal” is to do the necessary research. Your Madden Real Estate agent can look at similar properties to see what they are selling for in the area as well as if the prices have been going up or down recently. If you are wondering if a home would be a good move for you, it’s always wise to consult your agent!
How many homes should I look at before making an offer?
There is no “right” answer to this question, it’s all up to you! Many Alaskan homebuyers look at hundreds of homes online and only view as many as ten in person. However, some buyers find the right property after a few weeks of house-hunting and others, after a few months or even a year!
How much less do you think the seller will take?
When it comes to offering the right price on a home, you need to consider how much you want the home, if there are other offers and how much you can realistically afford. Remember that your agent knows the market and knows what would make a fair offer. If the sellers are motivated, you could always score a bargain, but consult your agent first!
Do I need a home inspection?
A home inspection allows you to relax as a homebuyer, knowing that all of the issues with the home have been brought to your attention prior to the sale. Looking at the condition of the roof, heating and cooling systems, plumbing and electricity prevents you from having to pay to fix them in the future. You can always negotiate repairs with the seller prior to signing on the dotted line.
Have more questions about buying a home in Fairbanks, Fort Wainwright, North Pole, Salcha or the surrounding areas this year? Do not hesitate to give us a call!
We’re here to help!