One of the documents that is required by the State of Alaska in any property transaction is a property disclosure statement. One more packet of paper, I can hear you moan, but this is a very important one for both buyer and seller.
As a seller, you should give as much detail as possible about repairs, remodels and age of mechanicals. Why? Quite simply so that you have a defense if something repeats itself. By disclosing a repair item, you are giving your buyer the opportunity to either accept it or not. Failure to disclose a material defect in a house is one of the most common (and costly!) causes of after sale lawsuit.
If you are buying a home, this should answer a lot of questions. Is the toilet prone to freeze ups? Does the roof leak? Does the boiler shut off in windstorms? Is the refrigerator or dishwasher included in the sale?
Failure to actually read these documents can be very costly. And waiving these documents are foolish for everyone involved.
If you are a seller and would like a blank disclosure statement I would be happy to provide you with one, even if you are trying to sell your home yourself. Give me a call at 907-304-2871!
This sturdy, recently renovated 3br/2ba home is ready for you! There is a separate 2br/1ba rental unit with a long term renter to help offset your mortgage expenses. Located close to the school and the hospital, and only 2 blocks from the Rec Center, softball fields and trails.
408 E 4th Avenue 4pm to 6pm
If I had a dollar every time someone asked me that! The answer is simple….whatever someone will pay for it!
Now to get market value, that’s a whole different question (and probably what they mean, eh?) Pricing a home correctly is not the easiest thing in the world to do, and takes a whole lot of general knowledge about the property and the recent sales, adjusting for the current market fluctuations.
Yes, there is a formula.
Yes, there is a form!
Yes, I can help you determine what the most likely appraised value for your property will be.
Yes you can call, email or text for more information 907-304-2871!
This lovely cabin on 15 acres of privately owned Patented mining claim has 400 feet of river frontage, solar power, hot and cold running water and the owner will even throw in the wood for your first sauna in paradise! A short drive from downtown Nome will bring you to this haven that is a world away from the day to day!
This is a pretty cool property, and not just because it’s got the full bundle of rights…I personally would love to buy it just to subdivide it, it’s beautiful, has a nice trail wandering across it, some creeks, and views of Sledge Island.
It’s about 8 miles on the Blodgette highway, a little ways past the Snake River. If you’re a local I bet you’ve explored the trail, picked berries, or snowmobiles there.
Give me a call or send me an email if you would like more information.
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There are lots of reasons someone would offer to owner finance a property:
- Owner collects the interest instead of the bank
- No required appraisal or lender required repairs
- Easier to ‘qualify’ for the buyer
- It won’t pass lender health & safety issues
But there are some hidden dangers for the buyer, so if you are considering an owner finance do not buy anything that is done with ‘Quit Claim Deed’. Make sure to use a reputable title company to ensure ‘Warranty Deed’ (call me, I can recommend one), a licensed escrow agency, and be sure that reconveyance documents are signed at the time of sale to be held by the title or escrow company.
A contract for sale where title is transferred at payoff leaves a buyer vulnerable, as liens can be attached to the property (think IRS or Child Support) or the owner could pass away before title is transferred.
I personally buy and sell using owner finance options, but I also have spent a lot of time clearing title on properties that were done incorrectly with Quit Claim Deeds. Feel free to call me if you have any questions about owner financing your property, or buying an owner finance.