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!
I was going thru some of the photographs that folks have sent me over the years and I wanted to offer some tips on ways to make your photo’s showcase your house in the best possible light.
One really simple one is don’t shoot your outside photo’s from your car (and if you do at least crop the photo so your car isn’t showing! Take exterior photos from all angles, including photographs of street, on blue-sky days. While electrical lines are unattractive, trash cans, debris, dogs on chains, and random piles of toys/wood/vehicles/snow-gos are hideous. Plus when prospective buyers come to actually see the house those things scream “I don’t take care of my house”
Inside, don’t be afraid to move things around; if there is a nice big window you want to highlight, clear out things on that side of the room. Do make beds with pretty bedspreads and lots of comfy pillows, and pay attention to the curtains! Nothing makes me cringe more than a photo of damaged blinds!
Take your picture from a lower angle so that you get as much of the floor in the photo. If the bedroom is tiny and seems like all that fits in there is a bed, add a small nightstand to show that there is room enough to make it comfortable.
Bathrooms are the most challenging area of the house to shoot. There are some pretty important things in a bathroom that buyers will use daily, so don’t avoid it just because it’s challenging.
Try to use a very wide angle camera; if you don’t have a wide angle camera, you can use the pano setting on your phone, just don’t overdo it. Move the plunger and trash can out of the room for the photo. Make sure the toilet paper roll is full, the shower curtain is arranged nicely, and the deodorant/makeup/toothbrushes/etc are hidden or removed.
I’m just beginning to use video and interactive, once I’m proficient at that I’ll make sure to post some tips for those tools also!
So you want to buy an income property?
I recommend a book caled “What Every Real Estate Investor Should Know About Cashflow” before you start shopping. The only way to win the real estate investing game is by understanding the numbers.
This popular reference shows how to target the best investments in the present market. It answers many of your investment property questions, and provides definition and explaination of capital accumulation and internal
rate of return. This book’s basic formulas will help you measure critical aspects of real estate investments, and make you familiar with the terms that your banker will expect you to know as an investor!