Real Estate Blog - Real Estate Agents

What Does a Title Company Do? - Precision Home Group

When buying or selling a home, it is common practice for a title company to be involved in the transaction. Their primary role is to ensure that the person selling the home has the right to do so. They do this by validating the transaction through extensive fact checking, after their information requirements have been met they then issue a guarantee that is backed by title insurance. This title insurance is meant to protect the lender and the owner from future unsubstantiated claims. The title company has a handful of responsibilities throughout the process. We have created a short list of tasks to give you a better understanding of what value they provide during the transaction.

Here’s a list of what they can do for you.

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A $2 Million Dimond in the Rough - Anchorage, Alaska

Even though we are in interesting times with a volatile financial market, real estate is still growing! I just put together one of my biggest deals ever this week.

We are now pending on a $2,000,000 commercial property in the Valley. We’re working with a developer to create a new project and will be releasing more info about that in coming months.

There are tons of ways to look at every situation. We choose to seek the positive and the opportunity.

Precision Home Group is based in Anchorage, and provides real estate services to Southcentral Alaska. We will keep you informed on current trend and market dynamics to help you make the best informed decision. If you are interested in purchasing a home, get in touch with our…

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Book Club - Be Obsessed or Be Average - Precision Home Group

We are reading through the book "Be Obsessed or Be Average" by Grant Cardone. We picked this book a few weeks back before a lot of the major changes took place, but the timing couldn't be more relevant. 

Now is the time to get ahead, even if the world seems to be upside down.

This book is not for the faint of heart. It's harsh and well... sometimes just offensive, but the message is timely. If you aren't obsessed with what you do, you aren't allowing yourself to make a big impact on your space. 

We'd love to know your thoughts. 

Precision Home Group is based in Anchorage, and provides real estate services to Southcentral Alaska. We will keep you informed on current trends and market dynamics to help you make the best informed…

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Before and After - 11519 Dawn Street, Eagle River - Alaska Real Estate

Flipping homes is more than just a business model.

Taking a property and sprucing it up has the power to revitalize a neighborhood, raise the price of homes in the area, create more curb appeal to move faster on the market, and last but not least, make your living area more homey and inviting.

Here, we take a look at 11519 Dawn Street in Eagle River.

This home was listed and sold by Matthew Lindsay at Precision Home Group in the summer 2019, then it was completely transformed and put back on the market for sale by Stacy Hague at EXP Realty.

See the before and after photos below.  

Property Information:

11519 Dawn Street, Eagle…

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Common Buyer Expenses - Precision Home Group

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.

Pre-qualification

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…

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Comparable Market Analysis - What is a CMA and How Does it Determine Your Home’s Value? - Alaska Realtors

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? - Precision Home Group

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,…

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Be Unreasonable With Your Investments - Precision Home Group

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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Precision Home Group Sells Homes 44% Faster Than the Industry Average! - Alaska Real Estate

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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“We Can't Sell During the Winter” - Anchorage, Alaska

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 =…

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