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April Showers Bring Inventory Struggles

by Mehner Weiser Real Estate, LLC.

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Hello 


April showers bring inventory struggles. As the inventory story continues, so does the decline of home sales and rising prices according to the RE/MAX National Housing Report. Home sales have declined for the fourth month in a row. For the 24th consecutive month, home prices have gone up! Why? Because of the number of homes on the market is at a record low. You can read all of the details in the full housing report here.

What’s all this mean for you? If you’re selling, it continues to be your market. Homes that are on the market are selling fast and generally at a higher price. If you’re buying, there’s still good news despite the low inventory. March recorded the second-highest month in sales in the history of the RE/MAX National Housing Report. I’d be happy to help you navigate the market to find your home. Give me a call or reply to this email.

As always, thank you for trusting me for all of your real estate needs.

 

Have a great day,
Bethany Weiser

Monthly Market Statistics
National Market Map

How to Write Effective Ads for Real Estate Listings

by Mehner Weiser Real Estate, LLC.
How to Write Effective Ads for Real Estate Listings, Anchorage, Alaska

When potential home buyers are browsing real estate listings, does your ad catch their eye and hold their interest? At Mehner Weiser Real Estatein Anchorage, AK, their experienced Realtors® craft listings that attract prospects and then turn them into home buyers. Below, this team of real estate agents shares tips on writing ads that lead to deals.

3 Keys to Effective Real Estate Listings

Offer a Compelling Headline & Photo

Like successful newspaper publishers, real estate agents need to create attention-grabbing headlines. Given the unlimited information in print and on the internet, it’s essential to “show and tell” prospects clearly and quickly what a home has to offer. Put your best pitch and picture up front.  

Give the Benefits

real estateWise real estate agents know they aren’t selling houses; they’re selling lifestyles. Take that approach with your ads. Show buyers what’s in it for them. How close are schools, parks, restaurants, retail shopping, and personal services? Are the houses for sale near a golf course or recreation center? Agents who provide up-to-date information about amenities of the home and community give home shoppers reasons to keep reading.

Reinforce the Headline at the End

Before home buyers finish reading, remind them what drew their attention initially. Reinforce the pitch and photo at the end of the ad and give the readers a call to action. Effective ads state what number to call, who to ask for, and alternative means of contact, such as email or text. When appropriate, create a sense of urgency, which motivates buyers to act quickly.

When you are ready to sell or shop for homes, call Mehner Weiser Real Estate in Anchorage, Alaska, at (907) 223-1632. This dynamic team will help you craft the perfect ad for your home. Browse their real estate listings on their website and find more tips from on Facebook

Hot Home Trends You Can’t Miss

by Mehner Weiser Real Estate, LLC.

 

I love getting caught up on the latest trends - especially when it comes to trends in home technology and design. These trends are great if you’re trying to freshen up the look of your home or give your home a tech update. Regardless of when you’re thinking about selling, these updates could be attractive to future buyers. Plus, you’ll love living with them.
 

Vintage Lighting 

A quick, modern update to the lighting in your home can be relatively easy and inexpensive. Retro lighting like sconces, lanterns, pendants, and chandeliers can add character and style points to many homes.

Air Quality Detectors

We all know smoke detectors and carbon monoxide detectors have been around for years. Now, there’s one smart air quality detector that can alert you of smoke, radon, carbon dioxide, and organic compounds via an app. You can get instant stats on the quality of the air you live in - not just when dinner is getting overcooked. 

Colorful Kitchens 

Kitchens are generally the busiest room in a house. Another hot trend is to give kitchens a boost of color. Warm wood colors like mahogany along with blues and grays are making their way onto kitchen walls.

4 remodeling projects worth the investment

by Mehner Weiser Real Estate, LLC.

4 Home Improvements With High Returns

Remodeling your home can be a great way to increase its value and ensure you get good returns when it comes time to sell. But before you go tearing out your floors or adding another bedroom, take note: Not all projects are created equal. In fact, according to recent data from Remodeling magazine's Cost vs. Value report, there's a pretty big discrepancy between which projects deliver high returns and those that don't. 
  
Want to make sure your remodels are worth the effort? Here are some top options: 
  
  • Get a new garage door. It seems simple, but replacing your garage door is the most value-adding project you can take on. On average, it delivers returns of more than 98 percent upon resale.
  • Focus on curb appeal. Upgrades to exterior areas saw serious growth over the last year. Wood deck additions increased over 18 percent in value, while stone veneer installation value was up almost 14 percent. 
  • Replace your entry door. Don't bother sprucing up old doors. Replacing them with steel models can deliver a whopping 91 percent ROI. And at an average cost of $1,471, they're one of the most affordable updates for your home.
  • Upgrade your kitchen. Minor kitchen remodels continue to be a top value-adding project. This year, the average small remodel adds about $17,193 to your home's value and recoups more than 81 percent of your costs.
You might want to rule out projects like backyard patios, master suite additions and major kitchen remodels -- they're notorious for low returns. If you're looking to boost your home's value and increase its marketability, focus your efforts on projects that improve aesthetics and add ease and convenience instead. 

3 Easy Mistakes to Avoid When You Buy a House

by Mehner Weiser Real Estate, LLC.

3 Easy Mistakes to Avoid When You Buy a House, Anchorage, Alaska

Whether you buy a house for the first time or want to upgrade your space, the process of qualifying for a mortgage, finding the right home, and closing with the seller can be complicated. Mehner Weiser Real Estate in Anchorage, AK, wants to help you avoid feeling stressed and confused. To make home buying smoother, here they share critical mistakes many potential homeowners make. 

Top 3 Missteps When You Buy a House 

1. Forgetting the Mortgage 

While shopping for a house is the most exciting part of the experience, you should qualify for a mortgage first. You may become disappointed if you discover the ideal home, only to find out you are in the wrong price range or can’t make a serious offer. Once you know how much you can borrow, you can bid on a beautiful home that fits your budget. 

2. Skipping the Inspection 

Anchorage-Buy-a-HouseSince home inspections take time and carry a fee, some buyers bypass them. Foregoing a professional review of a property you like is a costly mistake. Expensive, hidden damage could reveal itself after you close on the house. Avoid surprises about major repairs by getting an inspection first. 

3. Overlooking a Real Estate Agent 

Some home buyers choose not to hire their own real estate agent. Instead, they work with the seller’s Realtor®. These agents want to secure the best price and terms for the seller. If you don’t have an advocate, you could be outbid or pay too much. 

Tiny Homes: What Are the Pros & Cons?

by Mehner Weiser Real Estate, LLC.

Tiny Homes: What Are the Pros & Cons?

Tiny Homes: What Are the Pros & Cons?

The tiny house trend is a big movement. Everyone from millennials to retirees is opting to live small, but that doesn't mean the lifestyle is right for you. Consider these pros and cons before you downsize. 

What constitutes a tiny house?

Generally, tiny homes measure between 100 and 500 square feet. Many are portable, but some city ordinances and housing divisions require homes to be set on a foundation.

What are the pros?

People are drawn to tiny houses for a number of reasons. Owners of tiny homes often cite price as the deciding factor. Tiny homes range from $10,000 to $60,000, depending on the manufacturer. Even a top-of-the-line custom unit typically costs less than $100,000.

Other perks include the freedom of mobility and the ability to live more sustainably. There's also the added flexibility to use the structure as a rental unit, add-on expansion or mother-in-law suite.

What are the cons?

Of course, not everyone is willing to contend with the realities of owning a tiny home. For instance, despite their low sales price, there are hidden costs that can sneak up on potential buyers. From construction crew markups and shipping fees to property taxes and plot purchases, the final figure can add up quickly.

What's more, unless you have enough liquid funds to make a cash purchase, financing for tiny homes can be difficult, and there are also obvious drawbacks such as space restrictions that complicate hosting guests and storing nonessentials.

No doubt our collective desire for simplification and financial freedom has birthed the tiny home movement. However, before you commit to one, it's important to educate yourself about the complicated regulations and overlooked nuances of owning a tiny home.

5 Tips to Budget Your Remodel Project

by Mehner Weiser Real Estate, LLC.

5  Tips for Budgeting a Remodel

Determine Where the Money Will Come from

Will you use savings? Or will you take out a home equity loan? Once you determine your source of funding, determine how much you want to spend on the project – and stick to that limit.

Set Your Priorities

Before you pull out a calculator, clarify your reasons for renovating. Divide those reasons into "wants" and "needs." For example, reconfiguring your bathroom so that your current questionable electrical and plumbing will pass an inspection is a "need." His-and-her water closets, a whirlpool tub, and built-in towel heaters are "wants." Setting priorities will help you make decisions as you move through the renovation process.

Step Away From The Computer

Visit showrooms, model homes, and design stores in addition to checking out pictures online. Before investing in materials and appliances, be sure to see and feel them, or samples of them, in person.

DIY Or Contractor?

The biggest question to answer when creating your budget is deciding whether to do the work yourself or to hire a contractor. Doing the work yourself is usually less expensive – unless, of course, something (costly) goes wrong. Using a contractor, however, can mean your project is completed to professional standards and usually in a shorter time frame. Be sure to calculate the value of your time (and your back and knees) and the inconvenience of having a bathroom or kitchen out of use during the project when deciding whether to opt for DIY or a pro.

Expect The Unexpected

Whether you plan to do the work yourself or hire a contractor, add on an extra 15 to 20 percent of your total budget for unforeseen expenses. Added costs inevitably arise, especially if you're dealing with an older home.

If you have questions or are looking for a good contractor, I’m connected with some of the best professionals in the business.

5 Signs It's Time to Sell Your Home

by Mehner Weiser Real Estate, LLC.

5 Signs It's Time to Sell Your Home

Have you outgrown your home? Or has your home outgrown you and your household? Fewer and fewer families expect to stay in their first or second home for the long haul. Here are some factors to determine if you're financially and emotionally ready to sell your house:

  1. Growing or shrinking household -- Are you about to welcome a new baby or take in aging parents? Maybe you're sending your youngest off to college. In any event, if your living space has become too cramped or grown beyond your needs, it may be time to make a move. 
  2. Plenty of home equity -- Subtract the value of your home from the amount you have left on your loan. What's left over is the equity -- or the amount you'll have post-sale. After you sell your home, you'll be a buyer again, so having some funds to put down is key. 
  3. Interest from potential buyers --You'll want to list when you know buyers are looking. Some experts say late spring is the ideal time to sell, but peak seasons vary by region. Milder weather can increase buyer interest, but that also means more competition from other sellers. 
  4. Changing circumstances --Location matters. Whether your neighborhood dynamics are changing, you're unhappy with the schools in your area or a new job significantly increases your commute, your community needs to fit your lifestyle. 
  5. Home improvements --Renovations may be a wise investment, but it's best to avoid listing your home in the middle of a project. If you plan to sell your home as is, completing some minor home updates such as new paint and fixtures can be a huge selling point. 

Moving is a big decision, one that requires careful consideration. If your needs have changed since you bought your home, don't hesitate to get in touch.

Why Spring Is the Best Time to Sell or Buy a House in Anchorage, AK

by Mehner Weiser Real Estate, LLC.

When people wait until summer to sell or buy a house, they are missing out on the prime springtime options. Contrary to popular misconception, spring is actually the best time to participate in the Anchorage, Alaska residential real estate market. Bonnie Mehner and Bethany Weiser with Mehner Weiser Real Estate at RE/MAX Dynamic Properties recommend getting started earlier in the year, whether you are buying or selling.

The Anchorage, Alaska Springtime Market Advantage

Why Buy a House Now?

In the unique Alaskan climate, the real estate market tends to heat up the same time the weather does. While winter turns to spring, locals decide that the end of harsh weather makes it the perfect time to relocate. Perhaps they want to move to warmer climates or have been waiting to start the moving process until the holidays are over. Either way, this results in many houses getting put on the market all at once, leaving buyers with plenty of options. Lenders in the area know that the market boom is coming, so they are willing to send more money to the Anchorage market and approve buyers for loans.

Why Sell a House Now?

buy a houseBuyers know the influx of homes is coming in the spring, so this is the time when they start looking in the area. They are getting their loans approved, so they are ready and able to purchase. If you wait until summertime to list your home, you may miss out on a large pool of potential buyers, who have already struck deals in the spring.

Don’t miss out on the incredible springtime market in Anchorage, Alaska! Contact Mehner Weiser Real Estate with RE/MAX® Dynamic Properties at (907) 261-7632 to prepare now and strategize the best way to sell or buy a house. With over 50 years combined experience in the local market Bonnie and Bethany know how to target the right buyers and will advise you on the best properties that fit your needs.

What are the hot home colors of 2018?

by Mehner Weiser Real Estate, LLC.

What are the hot home colors of 2018?

Color can impact the overall mood of your surroundings as well as what potential buyers feel when they step inside your home. The challenge comes in choosing the right combination for your particular space. See what forecasters are predicting and learn how to implement the hot colors of 2018.

Hues to Use
Experts from Pantone, Sherwin Williams and other companies make annual paint color predictions based on global themes. Hues such as BEHR's color of the year, In the Moment, along with its peaceful palette, focus on people's need to unplug from an overconnected world. Similar shades like Equilibrium and Off the Grid also promote a sense of serenity.

The Light and the Dark
Contrasting light and dark colors is a great way to create dynamism in your home decor. The lighter the shade, the more spacious the appearance. If your furniture or flooring is primarily neutral, adding dark colors to the mix can bring balance and help create attractive focal points.

Capitalizing on Color
Our mood is subtly yet consistently influenced by the colors around us. For example, soothing shades such as the powdery blue Casual Day can help you unwind and relax after a long day at work. Conversely, vibrant deep oranges like Civara invigorate and promote an optimistic tone.

Pointers for Color Pops
Both fun and formal spaces are equally enhanced by accents. Whether you use them to highlight a unique architectural feature or tie an area together, the trick is to be strategic. In design, the 60-30-10 rule is a well-known way to bring balance to a room.

Displaying blog entries 1-10 of 48

Contact Information

Photo of Mehner Weiser Real Estate, LLC Real Estate
Mehner Weiser Real Estate, LLC
RE/MAX Dynamic Properties
3350 Midtown Place
Anchorage AK 99503
Bethany (907) 223-1632
Bonnie (907) 223-0005