Single family Sterling home with large windows in living room and well maintained grounds. This Sterling real estate is located 1 1/2 miles from Dot`s Fish Camp and boat launch, also close to Bing`s Landing. You will love the open easy-living floor plan. The private mast
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Good News On The Kenai!
I know through facebook you receive all the inspirational quotes you can use, but this one really applies to the Kenai real estate market in the last few years. “EVEN FLYING IN HEADWINDS YOU CAN CONTINUE TO GAIN ALTITUDE.” -Joe Jackson, Head of WellsFargoVentures.
For most parts of the country the headwind has been more like a super-storm. Lucky it has been more of a stiff breeze for the Kenai real estate market. But no matter where you are, the markets are certainly gaining strength and altitude, so looking forward to a very productive 2013.
Take advantage of these incredible interest rates. Current rates for 12-10-2012:
FHA & VA 3%
CONVENTIONAL 3.35%
ALASKA HOUSING RURAL 3.375% AHFC
Rates are subject to change.
Kenai Real Estate New listings 12/10/2012
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Sterling Cabin Transformation
This Sterling home will delight! Log cabin transformed into a 5* home with air exchange. Single Family in Sterling on 2.23 acres! Enjoy the privacy of this wooded landscaped site. Amazing living with cabin theme, one of a kind. Large country kitchen w/ custom maple cabinets, warm hardwood floors in living room. You will love the home’s private master, lower level family room and extra storage. Charming stone accents on the exterior with well maintained grounds. Exceptional cabin on skids will remain. The cabin can be storage or extra heated guest quarters.
Search Sterling Homes
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Map Search Feature Introduced
Introducing a new Kenai Real Estate Map Search. Interested in a specific area but don't know the details. Simply move the map over your search area and begin.
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What your bank won’t tell you about their Kenai Real Estate appraisal!
You have spent weeks possibly months marketing your home in the Kenai Real Estate market and have finally found a willing buyer. After some back and forth you have agreed upon a price and repairs and are ready to close. The only item standing in the way of the seller’s freedom and the buyer’s new home is the appraisal. Surprise, after all that time, work, money and drama the appraisal came back lower then your sales contract price.
Appraisers in the Kenai – Soldotna real estate market are very conservative; they are not going to push any boundaries.
It helps to remember that the purpose of the appraisal is to protect the banks/investors. It is not meant to help a buyer and seller negotiate the sale of the property. This can be a shock for unprepared sellers and buyers. Just because you have a willing buyer and a willing seller at a given price does not mean the appraisal will support the price.
Here is the kicker, if the buyer has to finance a home purchase they need a partner or investor (Mortgage Lenders). The bank or investor gets to make the rules for the appraisal. Most Kenai home sellers and buyers fail to consider how the investor will influence the transaction. Lenders do not wish to be stuck with a home that is not valued correctly.
The most simplistic rule an investor has is that the property can be sold for as much as was loaned. The most important consideration in the appraisal is what similar properties are selling for in your area. The operative word is “selling”. What other homes are being marketed at does not influence an appraisal value. The Kenai and Soldotna Real Estate market is diverse with custom homes of all ages, styles and conditions. Appraisers often have difficulty finding similar homes that have sold recently within close proximity of your home. If they can’t find comparable home sales they will lower the value of the home, regardless of what the seller and buyer have negotiated.
Your local REALTOR Glenda and Jason Feeken are experts in the Kenai Real Estate market and the sales process. We can educate you on what homes are selling and appraising for so you can have a smooth transaction that closes. Contact us today to answer any questions you may have on buying or selling.
