Real Estate Blog



Attention is one of our top obstacles to sell homes in today’s market. There are dozens of items demanding our attention every minute. And, when it comes to choosing homes, we don’t always have the luxury of getting special treatment.

At our office, everyday we talk to dozens of sellers that had their homes fail to sell the first time it was on the market. There could be a dozen different reasons why the home didn’t sell, but getting enough attention is likely one of them.

After all, first impressions go a long way

According to the National Association of Realtors 2018 study, 50% of buyers find their home on the internet. Between how fast people consume imagery and the statistical advantage of online marketing, the very best thing you can do is

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Alaska Real Estate - Buyer Expenses

Common Buyer Expenses When Buying a Home

 Buying a home can be a big undertaking, whether it's your first time or your hundredth time. No matter how many times you’ve been through the process, it's great to know when it will cost you money and how much. There are a lot of things that come up during a home purchase. Different loan types and lenders have different fees, however there are also consistent buyers costs in most transactions. In this article, we want to share those with you so that you can be prepared.

Prequalification

Unless you are paying cash for our home and you do not need to finance it, then you need to get prequalified. This is the process of talking to a home mortgage lender and working with them to review your financial

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Real Estate Investing

Once you start talking about real estate investing, everyone wants to join the conversation. There are a lot of opinions thrown around on how to do it, personal experience, and maybe even their family’s strategy for investing.

At Precision Home Group, we base everything off of facts and thorough research. We make sure to fully understand an investment, before we present it to potential clients for sale or purchase. We make sure that whatever deal we put our name on is well thought out, ran efficiently and well represented.

Overall, we have seen a trend of people purchasing small deals, and trying to make a quick buck through flipping, wholesaling. We have also seen an increased utilization of people trying to invest with other people's money.

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 Anchorage Alaska Best Homes

You can’t find huge contemporary mansions with swimming pools, multiple wings and expansive gardens in Alaska, like you would see in Los Angeles. Alaska’s got its own unique style in culture, activities, people. Why not, homes?!

Although most Alaskan homes were built between the 70s and 80s, the real estate market has been expanding in the last few years. Homeowners, flippers and especially builders have been slowly redefining styles in the traditional Alaskan homes. You may have seen some of them around town: Spinell Homes, Hultquist Homes, Hall Quality Homes, Visser Construction, and so many more. These builders have definitely helped pave the way Alaskans live with beautiful home features and design.

Home buyers now have more options and

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Anchorage, Alaska Military Home Relocation

It’s not a matter of if you will have a Permanent Change of Duty Station (PCS), it’s a matter of when and where. That’s the reality for our nation’s armed forces. Often times, the soldier and his or her family will have a new duty station already in mind. Sometimes they will get it and other times, not so much. Now, what happens when the soldier gets orders to Alaska? 

It should come as no surprise that a successful PCS or any operation in the military is deeply wrapped in chaos. While soldier and family are mastering their chaotic situation (each is unique to the soldier and their loved ones), there are some key stops they must hit for a smooth transfer.

Base Transportation Office

Each military branch has a different title for this office.

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Comparable Market Analysis: What is a CMA and how does it determine your home’s value? 

 

All too often, realtors use jargon that the average person isn't familiar with. The term “CMA” is one of those terms you may have heard, but wasn’t sure what it meant. CMA stands for Comparable Market Analysis. This is how real estate agents determine the market value of your home before they get it on the market.

Real estate agents come up with these values through research of your home’s location, comparable properties and the market. Unlike most commercial properties, whose value is determined by income, residential properties take a different approach.

There is a difference between “tax assessed value” and “market value.” Tax assessed value is what you pay taxes on and, depending on where you live, can be above or below market value.

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 Home Inspections: Before or after you get it on the market?

When working with sellers, one of the things we advise is to get a home inspection done before getting the home on the market. Now, typically this is a cost that a buyer would incur during a home sale transaction, but there are several reasons why a seller would want to do this.

During a home inspection a licensed home inspector will meticulously check out the entire home from foundation to roof. They provide a report, typically next day, with complete recommended repair items with thorough pictures and descriptions. These reports are usually broken into three categories: health and life safety, significant repairs, and recommended repairs. By getting the home inspection before you get it on the market it allows home buyers to be at ease, knowing

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Be Unreasonable with Your Investments

Too often, I see people who want to start investing in real estate too soon. Everybody knows that real estate is a great investment for many reasons, but many people don’t know how to do it properly. Because of this, I see people invest in many different types of deals at varying results. The masters in the investing game are unreasonable about their investments and you should be as well.

As an inexperienced investor, you will see a lot of potential deals that all may look like a great deal. However, before you start investing, you need to analyze many deals and create your own requirements for investing. Those requirements should include things like your desired rate of return, location, how long you intend to hold the deal, knowing and

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When looking to lease or purchase a commercial property, you want to start the process by walking the property, looking at financials and making sure the property use fits your needs. The next step is to submit a letter of intent, or LOI, to start the process of negotiating terms with the property owner. Below are five things to be addressed in the LOI.

5 Things to Know About a Letter of Intent (LOI)

  1. Purchase Price and Terms

One of the first things that the owner will want to know is what the buyer is paying for the property. This can come in a variety of different ways, but at the end of the day it needs to be specific how the price is going to be settled.

In a lease, this is typically calculated in a dollar amount per square foot and will have a set percentage escalated

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 Updates vs. Maintenance

We work with a lot of people who want to sell their homes. One of the most common questions we get is in regards to home value, and recent renovations and maintenance.

Many people think that because they recently had their roof, furnace or other items replaced, they can include that cost into the price and recoup some of that expense.

Additionally, people ask about their remodels and renovations and how that influences the price of their home. Let’s dive deeper into this topic and explain what items affect price.

 

How Are Homes Priced?

Before we begin talking about how maintenance and updates, let's talk about how homes are valued. Homes are priced based on the sale of recent comparable home sales that are similar and in close

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