No Tricks, Just Treats: Fall is a Good Time Still for Home Sellers and Home Buyers
Contributed by Ken Hagler
The housing market is prone to fluctuations and uncertainties that can affect both homeowners and homebuyers. South Central Alaska has been experiencing a series of changes in the housing market and this has prompted many people to wonder if it's a favorable time to buy or sell a house. The answer is yes! In October 2023, the timing is still good for buying or selling a house in South Central Alaska, let me explain why.
Don’t let Interest Rates Frighten You: The interest rates are higher than recent years, but it can still be a good time to buy. One of the essential factors that guide buyers into the housing market is the interest rate. And while it's true that the interest rates are higher than they have been, there's no cause for alarm. The rates are still relatively competitive. A higher interest rate means that you may need to pay a little more for your mortgage but refinancing is always a possibility, so working with a great mortgage lender is all the more important.
There are Real Estate Treats still in the Market in South Central Alaska: There's no denying that the real estate market in South Central Alaska has seen a surge in the past few years. Homeowners can now sell their properties quickly and at favorable prices. The high demand for real estate in the area sees homes sell significantly more quickly than they otherwise would. Homebuyers looking to invest and move into the area should seize on opportunity when it presents. There's a good probability that home values will increase steadily over the next few years.
There Is No Trick About Living In Alaska: South Central Alaska's quality of life is second to none. The area's natural beauty, breathtaking landscapes, and fresh air make it an ideal place to call home. Residents enjoy an exciting outdoor lifestyle filled with adventure, fishing, hiking, skiing and exploring. The community boasts of friendly people, good schools and healthcare facilities, cultural diversity, and quality public services. All of these factors make South Central Alaska a great place to buy or sell your home.
The current state of South Central Alaska's housing market is ripe for buyers and sellers alike. Interest rates may be higher than what we've seen in the past but don’t be frightened! The real estate market is still an opportunity for homeowners looking to sell their properties. Homebuyers, on the other hand, can take advantage of fall real estate activity, the exceptional quality of life, and guaranteed returns on their investment. If you're looking for a place to call home – South Central Alaska might just be the perfect place for you! Call or message me to learn more and get into the market!