Real Estate Information Archive

Blog

Displaying blog entries 1-3 of 3

Getting the "Right" Home

by Mehner Weiser Real Estate, LLC.

Finding the right home is still the biggest challenge buyers are faced with in today's market as is shown in the latest Confidence Index Survey.  Assuming the buyers find the "right" home with determination, perseverance and the help of a real estate professional, 88% of all transactions last year required financing to get the buyer's address on the home.  93% of first-time buyers needed financing.

Pre-approval is an essential step that needs to be handled before buyers begin searching for a home.  The benefits to the buyer fall into the category of confidence.

PRE-APPROVAL GIVES YOU CONFIDENCE

  • Knowing the amount you can borrow  
    the mortgage amount decreases as interest rates rise
  • Looking at the right priced homes
    price, size, amenities, location
  • Comparing and identifying the best loan
    rate, term, type
  • Uncover issues early that could affect the most favorable loan terms
    time to cure possible problems
  • Bargaining power to negotiate with the seller and possibly, competing buyers
    price, terms, & timing
  • Settlement can occur sooner after contact is accepted
    verifications have already been made

Items Needed for Pre-Approval

  • Photo ID
  • Two months current pay stubs
  • Last two year's W2s
  • Complete copies of checking and savings statements for last three months
  • Copies of statements for IRAs, 401k, savings, CDs, money market funds, etc.
  • Employment history for last two years with addresses and contacts
  • Proof of commissioned or bonus income
  • Residency history for last two years with addresses and contacts
  • Assets for down payment, closing costs, and reserves; must provide paper trail
  • If self-employed, last two years tax returns, current profit and loss statement and balance sheet; copy of partnership/corporate tax returns for last two years if owning more than 25% of company
  • FHA requires driver's license and social security card
  • VA requires original certificate of eligibility and DD214
  • Other things may be required such as previous bankruptcy, divorce decree

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.

Displaying blog entries 1-3 of 3

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