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A Sunny Day!

by Eric Bushnell

What a beautiful day!  I just returned to my office from a quick tour of Eagle River.  Tuesdays we visit the new homes that have been listed for sale in our market.  What a beautiful day; the sun is up and sky is crystal clear.

As we move towards spring there is more sunshine everyday, and today is no exception.  The sun is brilliantly reflecting off the snow.  I replaced the battery from my camera with it's alternate on the charger so that I could take a couple photos.  Unfortunately I did not realize that the charger was not plugged in and the new battery I put in the camera was dead.  Bummer, no pictures from this outing, maybe next time out.

This is the time of year I like to keep a camera in the car, you never know what you will see.  I am reminded on a daily basis why I live in Alaska and work in Eagle River.  It is absolutely beautiful.

How to Sell Your Eagle River Home

by Eric Bushnell

How to Sell Your Eagle River Home
in a Buyer's Market

(and Get the Best Price Faster Than Anyone Else Around) 

Economic times have changed. The real estate marketplace has changed...and so must your home-selling strategy. It’s simple logic, really — but so many sellers just don't "get it." You don't have to be one of the pack. With my Market Smarts for Home Sellers free in this guide I'll update you on:

  • What to expect in a marketplace where buyers are now top dog.
  • The biggest blunder today's home sellers make that keeps the "For Sale" sign in their yard months too long.
  • How to avoid the stress and frustration brought by insulting offers from lowballing buyers, long months with strangers trekking through your home and poking through your closets and - the worst possibility of all - the money-draining strain of two mortgage payments.
  • The surprising way home sellers unwittingly sabotage selling their home.
  • The single most powerful tactic home sellers miss for attracting qualified buyers who’ll find their home a perfect fit.
  • The #1 reason bad sales happen to good people.
  • How to prevent the buyer-seller tangle from becoming dog-eat-dog so you get your asking price the first time around.
 You can download a copy of this Special Report for free, Click Here!

A Fresh Look!

by Eric Bushnell

A Fresh Look

The snow is falling today and it reminded me that Mother Nature has a way of making everything beautiful.  As the winter drags on the landscape is drab and gray.  Well thanks to Mother Nature, last night it started snowing, and 'Whallah', everything white and pristine again.

Some days we wish life was like that.  When you are selling your home this is an important lesson.  Your home needs a fresh look!  Don't get me wrong your house is beautiful, but face it you live in it everyday.  I realize you clean up after your self, but when was the last time you dusted, washed the wall corners leading to the kids room, cleaned the light shades, and the most important back-splash behind the stove?

These things seem like no brainers, however when you're selling your home they may get overlooked.  I know you clean them when you have a party.  My wife loves our home when we have a party, as everything gets cleaned and decluttered.  The home sparkles, although I may not be able to find everything I'm looking for the next couple of days.

The fresh snow reminds me that the one most important thing you can do in selling a home is to paint it.  Give it a fresh look.  Do it right, tape things correctly, take your time, put on multiple coats. 

Do it Right! Just like Mother Nature would!

Commuting from Wasilla, Should I?

by Eric Bushnell

"Can you believe that they drive from the Valley everyday?"

"Wow, you drive that far EVERYDAY!"  I hear this all the time from people.  A reality in most people everyday life is that they have to commute.  East Coast, West Coast, and in the Midwest, people drive to work.  Some may take mass transit, which does lessen the toll on you, maybe.  I still think the daily grind of getting to and from work is pretty consistent for everyone.  Well not everyone, some lucky people walk to work or ride their bikes.  This blog is not for you!

Its for the rest of us that spend 30-60 minutes on our way to work.

In a Alaska the commute can be quick and other days it can be horrible.  The weather dictates this as well as the moron that just cut off the guy in from of me sending him into the ditch, creating a huge snarl of traffic on the only road linking the Mat-Su Valley and Anchorage.  This is a reality that effects at least 30,000 people a dozen times a year.  Yes, just a dozen times a year.  So its not really that bad, well when it happens it's that bad.

I think if you commute from anywhere it will take you time.  commute from South Anchorage and it will take you longer to get to downtown than if you live in Eagle River.  The commute from Eagle river is the same as from Wasilla to Eagle River.  I just wish more businesses would relocate their corporate headquarters to Eagle River (BTW, Corporate guru's, we have land and would love to have you).  So if the difference is just an additional 30 minutes is it worth it. 

Some say the cost is huge, but I would argue its not.  For example 30 minutes at 65 mph in a truck that get 16 mpg ( I hope your car does better) uses 2..03 gallons and costs $7.03 ($3.46 per gallon) each way, $70.28 per week for the additional miles driven each way.  I think most people get better gas mileage than this.  This adds $302 to the monthly commute bill.

If a home in the Mat-Su Valley is $90,000 less does the difference save you any money at the end of each month?  Is the extra space that you get, as most homes are on larger lots (Half acres+ compared to a 1/4 acre or less in Anchorage), worth the difference?  there are more newer homes in the Mat-Su Valley, so the energy costs of these new more modern homes possibly offset the cost of the commute?  Easier access to the trails and rivers of the Mat-Su valley, that can save on your weekend gas bill, so there is a minor trade off, unless you go to Kenai or Seward every weekend than there is an increase.

Current interest rates are 5.125% today, and that additional $90,000 will cost you $490 per month on a 30 year conventional loan.  That is a saving of $182 per month that could go towards a more fuel efficient vehicle, or maybe a new boat?

BTW, this is what I was thinking about on my way in from Wasilla today.

In the Mat-Su Valley homes can be more affordable with a majority of the homes in the $150,000 to $350,000.  The Mat-Su Valley offers larger lots and access to recreational properties that Eagle River and Anchorage do not.  You can click anyone of the links below to see the current homes for sale.

Eagle River Market update

by Eric Bushnell

Alaska Real Estate

The local real estate market continues to chug along with more buyer moving up from the lower 48.  Many of the buyers that I am seeing in the market are military relocating from other bases.  Will these new Alaskans buy or rent.  Many of the inquiries I've seen have asked about rental in our area.  This is a trend that has been ongoing for the last 3 years and I believe is driven by the turmoil down south.

The housing market across the country is getting better, however there have been casualties along the way and unfortunately many buyers that are relocating to Alaska have taken losses before they moved here.  I understand that it is very frustrating to lose money that you have invested in your home.  Our parents taught us that his was one of the safest investments we would ever make, but in the last 5 years that changed.

Here in Alaska the market has had its ups and downs.  We've seen corrections in valuation, but not to the extent that our neighbors have down south.  There are a few more foreclosures in recent months, and there will be more.  Even here in Alaska there were lending practices that snared a few ill prepared buyers.  For the most part we have seen a slow down in the market.

Last year in the Eagle River area the number of homes sold decreased by approximately 6%, but the average sales price went up.  It varied depending on the price range.  The Anchorage market saw minor increases, as did the Mat-Su Valley.  As we move towards the spring sales season, homes are slowly coming on the market.  Inventory numbers are increasing, but only marginally.  The number of sales are increasing as well.  Three years ago I forecasted that it would take 5 years to fully rebound here in Alaska, and I still stand by that forecast.

There will be a move to quality, and that has been a trend that started about a year ago.  People want more for their money.  New construction will continue to get better.  I believe that Eagle River will see growth from this has the subdivisions in this community continue to grow.  This year should be good, a little better than  last year.  According to ADEC there will be more jobs in Anchorage, and the Mat-Su Valley will also see job growth. 

No boom here just good growth.  Just what we need.

If you have questions about buying or selling a home feel free to call me at 907-360-7471, or visit me on Facebook at www.facebook.com/eric.bushnell/

AEDC Forecast Luncheon Video Peter Sheahan

by Eric Bushnell

Recently I had the opportunity to attend the AEDC Economic Forecast Luncheon.  The Keynote speaker was Perter Sheahan, author of Flip.

Click Link to the video.  This is not short, but really good.

Peter Sheahan - 2011 AEDC Economic Forecast Luncheon from Christopher Makinster on Vimeo.

Displaying blog entries 1-6 of 6

Contact Information

Lee Realty, LLC
Lee Realty, LLC.
5050 Dunbar Drive #F
Wasilla AK 99654
Office: 907-376-0119
Fax: (907) 376-4039

 

 

 

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