Real Estate Blog

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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There are many differences between owning a condo and owning a single-family home. People who live in condos tend to do so because they enjoy the convenience and benefits that come from condo living. These include but aren't limited to: lawn care, snow removal (for those here in Alaska), some utilities, exterior maintenance such as roof and siding, and community amenities like pools, playgrounds and patios. They offer a community lifestyle where much of the property maintenance isn’t the owner’s responsibility. If you are thinking about purchasing a condo, consider these five concepts.

1. Covenants, Conditions and Restrictions

First, you must understand what CC&Rs are. CC&R stands for Covenants, Conditions and Restrictions, and are the rules

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There are many choices when it comes to selecting and hiring a property manager. With so many options, it can be difficult to know how to select the right one from the beginning. Below we will cover the four main responsibilities your property management company should offer.

  1. Set the Rent Logically

Setting rent may seem like a easy task, but is often times done incorrectly. Many of the do-it-yourself landlords look to Zillow or Craigslist when setting their rent, which is like going to a car dealership to price your 2000 Honda Accord based on the current year’s model; it is not accurate and won’t sell. These websites can be good resources, but when used alone will not give you all of the information you need. That is because it is

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It can be difficult to get financing for a residential loan, but it doesn’t have to be. There are many common myths that people believe that just aren’t true. Because of these misconceptions, many people don’t even apply for a loan because they have doubts that they would qualify.  We will address the most common myths and the only true method to secure financing.

 

“I still have student loans so I won’t qualify.”

The amount of college debt today measures in the trillions and grows every day.  In today’s world, almost every college student has a loan. If this myth was true, then there would be millions of people not able to buy a home in America. This misconception is very common and grossly inaccurate.

The resounding theme of this

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There is a lot of mystery surrounding the mortgage financing world. With many different loan types and mortgage providers, it becomes difficult to know where to start. We are going to analyze, and break down, one of the most common loan types available, the FHA loan.

Before we talk about specifics, including pros and cons of using the FHA loan, lets explain the history behind it. FHA is the acronym for the Federal Housing Authority. The FHA was formed in 1934 during the Great Depression. This was done to spur home construction, reduce unemployment and increase the availability of loans to people.

Over the years the FHA has taken on many roles but at its core has kept the mission to keep housing affordable and achievable by all. They do this by

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It has been said by many people that investing in real estate is the key to building wealth. Andrew Carnegie, billionaire industrialist, stated it best, “Ninety percent of all millionaires become so through owning real estate.” However, how do you start, what are the mistakes to avoid, and where should you get your information from? This article will focus on the top five mistakes people make when beginning to invest in real estate.

1. Starting Too Soon

All too often, I see people who get too eager to invest in real estate and don’t quite understand what they are getting into or how to invest properly. They want to tell others, and themselves, that they are an “investor.” This title is not more important than the ability to purchase

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There is a lot of mystery surrounding the sale of a home. Many people don't know what happens after they accept an offer and before the transaction closes. Some are only concerned with what it is going to cost. Here we are going to lay out the timeline and explain exactly what happens. Keep in mind, there are going to be some slight changes depending where you are located and other transaction specifics. Ask a local realtor for the specifics, or contact Precision Home Group and we will make sure you get set up with the best Realtors in your area.

 

Accept an Offer

In order to start the process, we need to have an Accepted Purchase and Sale Agreement between you and the buyer. This can be stressful and take some time. I've seen sellers who

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Buying a home can bring out a slough of emotions. It is a big decision, and there are many moving parts that must come together to make it happen. It’s both stressful and rewarding. You have looked forward to this for a long time and dreamed about it since you were a kid. It’s easy to get overwhelmed and make big decisions based on emotion, not logic. Here are several ways to keep your mind on track and keep things in check, so you make the most informed decision possible.

 

1. Choose the Right Realtor

Picking a Realtor because they are your friend, they are nice or will give you a discount, is not the best choice. Ensure that the agent you choose to work with has the knowledge necessary to protect you and get the job done efficiently and

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Real Estate Investment Trusts (REIT)

Part three of our Real Estate Investing Basics series is all about Real Estate Investment Trusts, also known as REITs. Let's dive in and discover what a REIT is, how they are used, and what the pros and cons are in comparison to the other real estate investments we have talked about.

 

What is a REIT?

REITs were created by Congress in 1960. This was done to give everyday people the benefits of owning real estate. REITs are companies, treated by the IRS as corporations, who own various types income-producing real estate investments. Investors can buy into these companies by purchasing shares, which in many cases are publicly traded like stocks. They are modeled after mutual funds and bought and sold in many

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Many people fear what they do not know. The same is true when it comes to buying your home. Many have not had the repeated experience of home buying to know what goes into the buying process, steps that need to be taken, or how to handle the emotional ties that come along with it. Below, we will outline the ten steps to buying a home, so you are prepared when you decide to move forward.

1) Realtor Locate and Buyer Consult First, locate a trusted real estate expert. This can be done by reviewing realtors online through Google, Zillow, Facebook, Yelp and word of mouth from your friends and family. What is particularly important, is finding a Realtor. Despite often being used interchangeably, Realtors and real estate agents are not always one…
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