Real Estate Blog

 

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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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.

  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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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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We have just finished collecting data from over the last 12 months and have the statistics to prove that we sell homes 44% faster than the average industry days on market.

Here in Anchorage, Alaska our current average days on market for single family homes is 45 days, while for Precision Home Group it is only 20 days. We are able to do this because of three things: marketing, agents and knowledge.

Precision Home Group’s marketing is the best real estate marketing in all of Alaska. We achieve this by using the best technology, all platforms and staying on the cutting edge of trends, while knowing what works in our market.

We begin by using professional photography which is sourced in house, which means we have our own photographer on

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I talk to people everyday about buying and selling homes. This is one of the most common objections and myths I hear, from about August until March. Alaska is a very seasonal place and things typically slow down during the winter. Many people think the same is true for the real estate market. But is it really?

Currently, it is mid September as I write this, and already people are talking about shorter days and colder nights. I hear of people taking their homes off the market because their friends, neighbors and self-proclaimed experts are telling them to do so. But, here are some facts:

  • Active Homes on the Market= 952

  • Homes with Accepted Offers = 451

  • Closed Homes Since Sept.1 = 52

  • Closed Homes Since Aug. 1 = 371

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Strategic Analysis

When looking at both commercial and residential properties for the sake of an investment, one must ensure that they are getting the best deal possible. In order to do that, there needs to be a systematic way to look at a property and make sure that all aspects are accounted for. The Strategic Analysis method is the best way to make this happen. This method ensures that the potential buyer looks at four main areas of concern in the due diligence process: Financial, market and competitive, location and site, and political and legal. We will go into more depth on each one of these subcategories.

Financial Analysis

The purpose of an investment is to make money. In real estate, this is done in many ways, including cash

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All too often, I see people taking trips and vacations for the wrong reasons. They are escaping their life instead of building it. They ignore the facts and don’t confront them.

When I travel, I do so for four main reasons - all of which help build a bigger life for me and my wife, Alecia.

 

1. Travel to Change your Environment

I’m guilty of getting stuck in a routine -- day in and day out -- without taking a “bird’s-eye” view of my life. Not that routines are bad, they actually help control your life and make it more efficient. However, by breaking the routine and taking a minute to step back can show you numerous ways to improve.

 

2. Travel to Network

You should become known in your space, your environment and your

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You have decided to, or researching about, move to Alaska! Many people are drawn the vast wilderness, Aurora Borealis (A.K.A Northern Lights), fishing and hunting, wildlife, and raw beauty that is Alaska. Whether it's to escape the city life, business or recreation, Alaska has many things to offer, but it is definitely a big task to move to a state that is 2000 miles from its closest neighboring state. There are several things that set Alaska apart from Hawaii and the Lower 48, that's what we call the continental United States. Below we will cover some of the big things to be aware of.

 

Dark vs. Light

Whenever I travel out of state, people always ask me one of two questions: “How do you deal with the darkness all the time?” And, “Is it

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Precision Home Group Gives Back to Alaska

The Belief that Business help Create Community

 

Precision Home Group has teamed up with three local businesses to provide a solution to our cities growing at-risk communities. Precision Home Group -- with the help of Alaska Management Group, Hair Science Barber Shop, and Wealth DynamX -- came together to form the non profit, Operation Reborn.

 

In fall of 2017, the four business owners were talking about the current situation in Anchorage --  where the city was recently labeled as one of the “most dangerous cities” America, with the highest crime rate per capita alongside the highest rates of homeless. A lot of business owners complained about lack of good workers, crime in the area, and local

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