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

Clues to Analyzing Soldotna Real Estate First Time Home Buyers

by Chris Druesedow July 21, 2014
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The upheaval in global financial markets over the past few years may have been unnerving for almost everyone, but among the hardest-hit group was first time home buyers, in Alaska Real Estate and across the country. Many had to deal with the stress caused by an uncertain economy, the fallout on business and job security, and, more directly, a pronounced increase in the difficulty of securing mortgages. The good news for Alaska Real Estate first time home buyers is how the national situation has stabilized. It’s confirmed by the increase in the number of people interested in buying a home for the first time—which has climbed out of the slump. The latest NAR (National Association of Realtors®) annual Profile—a … Continue reading

Soldotna Real Estate Seller Financing Agreements Can Make Deals Happen!

by Chris Druesedow June 23, 2014
Soldotna Real Estate

When home prices in Alaska Real Estate are on the rise, one side effect is that first-time homebuyers may run into a financing obstacle. Although the stricter lending standards of the past few years have been easing somewhat, it still can be difficult for some folks (younger buyers, especially) to purchase the Real Estate Kenai home they have in their sights. In that situation, an alternative to a traditional bank mortgage is seller financing. Many prospective buyers know little about the details that make up a seller financing agreement, and how it can–or cannot—help them secure a home. What Seller Financing Is…  It’s as simple as the words themselves. When part or all of the … Continue reading

Drop in Soldotna Real Estate Foreclosures Would Rebalance Market

by Chris Druesedow May 28, 2014
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When the number of foreclosures decreases, it’s not without impact for Alaska Real Estate homeowners and investors. In any given month, Real Estate Kenai foreclosures may not always mimic the national averages, but over the long run, they do tend to be pretty close. And the national trend is clear: first quarter foreclosure activity decreased to the lowest level since the second quarter of 2007 (‘activity’ includes default notices, scheduled auctions and outright bank repossessions). Recent figures from RealtyTrac, the leading source of housing data, put U.S. foreclosures at their lowest levels in seven years. The 42-month national decrease had been momentarily interrupted by a 4% rise in March, but even with that momentary hiccup, … Continue reading

Soldotna Real Estate Rental Home Prep is a Matter of Checking Off the To-Do’s

by Chris Druesedow May 21, 2014
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The sunny attitude that encourages entrepreneurs to look at a box of lemons and think ‘lemonade!’ is widely admired, and it does seem to be a viewpoint that successful people cultivate. For anyone who is determined to sell their Alaska Real Estate property—but only at a price the market is not yet willing to pay—well, the turn-lemons-into-lemonade situation is entirely apt. After all, smart investors are buying up and renting properties like yours quite deliberately because they realize that a Kenai Real Estate rental home is not just an asset that can appreciate over time, but one that can also produce income at the same time. Whatever your own reason for renting, when you put … Continue reading

Soldotna Real Estate Market Finds Ways to Cultivate Millennials

by Chris Druesedow May 7, 2014
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The generation born between the early 80s and just after the turn of the century (aka Millennials) have been slower to take the first steps toward home ownership than previous generations. That’s likely one of the byproducts of the cultural and economic shifts which have combined to make real estate less affordable (and proportionately less appealing). While there is no denying that lately it’s been a difficult environment for many Millennials to jump into the real estate market in Alaska Real Estate, there are still plenty of young people who would like to buy a home. But what makes Kenai Peninsula Real Estate attractive to these younger prospects can be a lot different than what … Continue reading

A Soldotna Real Estate Mortgage Application Should Be Smooth Sailing

by Chris Druesedow May 6, 2014
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Everyone expects that finding and buying the right Alaska Real Estate home will take a good deal of attention and energy. After all, it’s as important a purchase as we ever make. But when you add in the potential that something on your mortgage application could bring everything to a screeching halt, that’s one detail that has the potential to trigger what could turn everything into a truly harrowing experience. The average credit score in America is around 688. That might look like a respectably large number, yet it’s considered mediocre when it comes to mortgages. And the truth is that most Americans are blissfully unaware of what is going on with their credit reports … Continue reading

When’s the Best Time to List a Soldonta Real Estate Vacation Home?

by Chris Druesedow May 1, 2014
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Before April 15th came and went, perhaps you and your accountant had one of those occasional chats about your assets and liabilities. If owning your vacation home in Alaska Real Estate has resulted in more taxes or less financial gain than you’d planned for—or if you and your family just don’t use the place as often as you used to–this spring or summer is a good time to consider selling. If you have lost some love for your extra house, but don’t want to go through the rigmarole of renting it out season-to-season, the selling alternative could be at hand. USA Today recently featured an article headlined, “How to Sell Vacation Property.” In it, author … Continue reading

Soldotna Real Estate Commercial Property: Taking the Long-Term Perspective

by Chris Druesedow April 30, 2014
Is Buying a Kenai Real Estate Condo Right for You

This year, it looks as if the busy spring real estate season extends beyond the residential arena. Latest reports show commercial property sales on the rise throughout the nation—and in volumes that make it one of the main contributors to the overall economic upturn. The most reliable data comes from the National Association of Realtors®, whose latest quarterly survey shows year-over-year sales increasing a full 11% (with prices rising 4%). It’s an encouraging backdrop for businesspeople and individual investors who are gauging the opportunities in today’s Alaska Real Estate commercial property market. Despite the vagaries of the tax and political climate (it is an election year, after all), with rental rates increasing and leasing activity … Continue reading

Buying an Soldotna Real Estate Home: Follow-up to the Adventure

by Chris Druesedow April 25, 2014

Buying an Alaska Real Estate home is sort of a modern day adventure. At first there’s the intrigue of figuring out the advantages and disadvantages between the neighborhoods and listings competing for your attention; then there are all the challenging, sometimes exhausting—then, ultimately, exhilarating steps that lead to home ownership. But even after the previous owner has handed over the keys, there’s more to come: a few extra steps new homeowners can decide they wish to take. Here are five of those—things you can choose to do after buying a Kenai Real Estate home: #1 Change the Locks   Who knows how many people have a copy of those keys?  It’s a good idea to … Continue reading

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