Help for Soldotna First Time Home Buyers!

by Chris Druesedow January 16, 2015

As the end of 2014 approached, the National Association of Realtors® was able to come up with some general observations on the makeup of the current market—facts that anyone expecting to deal with Soldotna home buyers in the coming year should find useful. With consumer attitudes showing improvement across the board, you might have expected that all segments of the home buying public would have shown increased activity. Not so. According to the NAR’s annual survey—the big one that they’ve been conducting since 1981—the percentage of first time home buyers sank to a nearly 30-year low. It dropped 5% in just one year. Throughout the 40+ years of the survey, first time home buyers have usually made … Continue reading

A “Magic Number” for House Flipping?

by Chris Druesedow January 12, 2015

ABC’s Nightline recently aired an interesting segment about house flipping, which included a magic number that’s probably never been seen before. Soldotna house flippers would have been glued to their TVs if they’d stayed up late enough to catch Nightline, because if authentically magical, it’s a good number to know. The segment was part of a series called “Realty Check.” This one was about new strategies in the “ever-competitive world of flipping.” The show started with some background about how expensive house flipping can be if it’s done in a hurry and on the cheap. Just slapping a coat of paint on the walls can result in an investment that languishes on the market, often until … Continue reading

All Time Low In Mortgage Rates For Soldotna

by Chris Druesedow January 7, 2015

Soldotna’s mortgage interest rates have been so low for so long that there is the definite possibility that the real value they represent—for both Soldotna home buyers and sellers—may now be being taken for granted.   It’s only natural. If you believe that past history is the best predictor of future performance, last January’s common wisdom that mortgage interest rates in 2014 would head up to at least 5% or more wouldn’t have fazed you a bit. One quick glance at the squiggly lines on a chart showing either 30-year or 15-year fixed mortgage interest rates reveals a pronounced downward slope. Ever since mid-year 2007, it looks like a playground slide. It does level off at … Continue reading

When Is Renting Your Home The Way To Go?

by Chris Druesedow January 5, 2015
For Rent sign in front of new home. Dramatic Blue Sky and clouds

You are a Soldotna homeowner, but now your family has simply outgrown the place. You’re almost ready to start hunting for a new home—but hesitate. The fact is, you’re reluctant to give up your present property. It’s been a terrific home, and you suspect it’s only going to grow in value… If your financial fortunes are on the upswing, you may be wise to consider the viability of renting your Soldotna home. After all, using it as a profit-making venture even as you expand your Alaska real estate holdings might just be doable! Many a successful landlord has begun that way, and find it every bit as reward ing as they’d hoped. Renting your Soldotna home sounds like a straightforward … Continue reading

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