Understanding Key Documents in Your HOA - Alaska Management Group

Written by Cliff Goughnour

The governing documents for your association contain the rules, regulations, and all other contractual terms that you and the other members are bound by. If you purchase property that is part of an association, your membership is automatic upon purchase. 

For this reason, Alaska State law requires that a Resale Certificate be provided to a prospective buyer prior to closing. In this way, a new owner is aware of what they are agreeing to, and can make a clear decision on whether the association's standards and restrictions meet their own. 

The only problem with this scenario, is that most prospective buyers don’t take the time to fully read these…

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Written by Matthew Lindsay 

As many of you may have heard, the current market is going crazy! Homes are being sold for more than their asking price, at faster rates, and at higher volumes than ever before.

If you’re a buyer, the likelihood of you competing with other offers is much higher than previous years. However, sellers are getting multiple offers, demanding a premium, and not offering many of the traditional concessions that have been seen in the past. With how hot the market has been, we have even seen buyers willing to bring cash to the table above what the appraised value is.


Pricing

The graph below indicates that this time last year, sellers were only getting about 97% of their list price. Today, most sellers are taking their full…

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Written by Matthew Lindsay

Before starting Precision Home Group in 2017, I spent quite a few years in wildland firefighting. Most of that time was with Pioneer Peak Hotshots based in Palmer, Alaska. Pioneer Peak is a 20 person wildland firefighting crew. We fought wildfires all over Alaska, Canada, and the lower 48. This job took me to many of the interior villages of Alaska, the Northern Territories of Canada, most of the western states, and even some states on the east coast!

It was one of the most rewarding jobs, as we got to protect villages, small towns, and even some larger metropolitan cities. I spent more days throughout the year in the woods than I did at home -- averaging 16 hour shifts with about 2 to 4 days off a month. It was tough, as…

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Agent Highlight Series

Having a better understanding of who you're working with is paramount, and we want to make this process as easy as possible for you.

Take a moment to get to know Aaron a little better by reading his response to these interview questions:

What made you decide to become a real estate agent?

I have always been interested in the housing market. After buying a couple homes of my own, my passion for real estate began to grow. I felt I worked just as hard as my realtors when it came to looking for a home, so I finally decided to take this passion of mine and turn it into a career.

What made you choose Precision Home Group?

I interviewed at a couple other real estate agencies. The biggest thing that drew me to…

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I have always had huge goals -- goals so big that people would laugh when they heard them. I just smile, put my head down, put the work in, and keep building and expanding.

My vision for Precision is an international brand with franchises all over the US and around the world. We will build off of cutting edge technology, agent focused training, a culture that demands excellence and the highest levels of professionalism, and a focus on making sure our clients win!

I started in real estate at Keller Williams for a brief period, then moved to RE/MAX before launching Precision Real Estate. Working for those two totally different brokerages allowed me to see how they were built out, how they scaled, how they seeked to dominate their niche of the…

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Agent Highlight Series

Having a better understanding of who you're working with is paramount, and we want to make this process as easy as possible for you.

Take a moment to get to know Eduardo a little better by reading his response to these interview questions:

What made you decide to become a real estate agent?

I wanted to get my foot in the door to potentially have investment properties, and I've always enjoyed getting to know different people. The more research I did, the more I realized being a real estate agent was something that I was passionate about. 

What made you choose Precision Home Group?

Precision has such a welcoming atmosphere! They provide resources that allow me to grow, not only as an agent, but as a person in…

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This has been an incredible year for Precision Home Group!! 

As you may know, Precision Home Group launched its own brokerage late last year, right before building out the newest office. This means we are an independent, locally owned, Anchorage based real estate brokerage!

By launching the new brokerage, my business partner and I merged Alaska Management Group (AMG), formerly known as Bonanza Realty, and our company Precision Home Group. 

AMG manages about 2,500 homes and condos through their home owners association (HOA) and condo owners association (COA) management company, and is still expanding! Our new brokerage that owns both of these companies is called Precision Real Estate.

Refer to the diagram below for a breakdown of the…

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Have you ever priced your home higher than its worth to leave room for negotiations, but never saw the results you were hoping for? Have you ever lost out on your dream home because someone bought it before you could get pre-approved? Do you believe that every agent is going to produce the same results for your home?

You might be surprised to know all of the common misconceptions related to real estate, but it happens all the time! One of the biggest problems people have with buying or selling property is misinformation -- so it never hurts to cover all your bases before making such a huge financial decision. With the right resources and proper explanation, your success as a buyer or seller will be immeasurable. 

With that being said, here are…

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The most important thing about buying or selling a home with a Realtor is getting to know them! You want to understand where they come from, the things they have learned from prior transactions, and ultimately make sure that the person you are working with is a great fit. We value transparency and want to ensure that you have the opportunity to get to know each of the agents on our team. In this article, Robert Craig shares some of the biggest takeaways from his first transaction:

I’ve always known that putting in the hard work first makes everything else easier down the line. This is also what I have gathered from my first real estate transaction, and I wouldn't have had it any other way! I have learned so many valuable lessons that no class could…

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Don’t you just love going online and browsing through all of the houses you see yourself living in one day? Looking at floor plans.. deciding on your “must haves''.. mentally checking houses off your list.. these are all amazing things! -- but if you haven’t been pre-approved for a loan, the only issue here is that you don’t know for certain if the home you’re looking at is within your price range. Of course you have a general idea of how much you’re able to afford, but knowing for certain how much you are qualified to spend is what will set you up for the next steps in finally buying your dream home!

There are several benefits to consulting with a lender and receiving a pre-approval letter. If you are unsure about where you stand financially when…

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