Most people at some point reach a real estate crossroad whether to renovate your existing home or buy a new one that will fit your current and future needs. To answer the question, you'll have to think of many factors. This is not a one-size fit all answer but answering the following questions may help you make the decision. 1. What can you afford? Extensive and realistic budget planning is an essential factor to make your decision. You need to know the renovating vs. buying costs. Is it cheaper to buy than to renovate your home? Whether one is cheaper or not, will it fit your budget? And if you do have the budget, will it be worth it? 2. Will there be enough space? One of the common reason people need to move or renovate is the need for expansion. Will there be enough space for you to expand if you are going to renovate? How about adding a 2nd story? You need to know if the home's foundation can support additional weight or it will require reinforcement. Also, is
Here's Alaska real estate market update as of December 8th to December 14th 2018. Still, on the top of our list is the Anchorage market . During this week, 489 are currently active listings where 11 of which are new listings. 22 listings were pended and 36 were sold. Next is Wasilla market , 369 are active where 22 are of which are new, 19 pended and 16 were sold. Compared to the previous market update , you can see that there are less active and pended then more sold listings in Anchorage while more pended and same were sold listings in Wasilla for the week. See full report: If you want to know more on the latest real estate market update and is interested in buying or selling, give me a call (907) 570-6757 or 907-720-4663.
As the calendar flips from 2023, you might be wondering whether selling your home during the winter season is a good idea, given the ever-evolving real estate landscape. Rest assured, you're not alone in your uncertainty. In this blog post, we address three of the most pressing questions you may have about selling your home in the current market and provide you with the latest insights to help you make an informed decision. 1. Should I Wait to Sell? With the new year upon us, you might be pondering whether it's wise to wait for a more favorable market. The good news is that even though the supply of homes for sale has increased, it's still predominantly a sellers' market. Data from the National Association of Realtors (NAR) highlights the ongoing inventory shortage, making it clear that we're not yet in a buyers' market. While buyers now have slightly more room for negotiation, the timing is still favorable for sellers. Listing your home during the winter can
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