An Anchorage home evaluation will help you determine an appropriate listing price for your home. Determining the value of your home is a complicated process and requires in-depth knowledge of the real estate market.

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Anchorage Home Evaluation

Anchorage is a beautiful and growing city offering residents and newcomers a great quality of life. If you are thinking of selling your property in Anchorage, Alaska, a professional home evaluation will help determine your home’s current market value and suggested listing price. In order to sell your Anchorage home quickly and for a good price, you should know how to market your property in a way attracting the most buyers.

What makes Anchorage such an attractive place to live in?

Anchorage is a growing city of about 260,000 residents, located in south-central Alaska just north of the Kenai Peninsula. Over half of the state’s population lives in Anchorage, making the city the business and cultural center of Alaska. The quality of life in Anchorage is wonderful and the city has received the “All-American City” award three times, most recently in 2002. Anchorage is surrounded by state and national parks providing residents and visitors the chance to view exciting wildlife. Anchorage residents pay the lowest per capita income tax rates in the entire country. Residents pay no property tax on individual (i.e. non-commercial) property and there is also no local sales or income tax. If you are selling your home in Anchorage, you should keep in mind all these facts that make Anchorage such a wonderful place to settle down in.

How to get the best price for your Anchorage home:

One of the most important parts of selling a home is setting the listing price. Determining the value of your property is a complicated process and you need to have knowledge of the real estate market in order to set a price beneficial to you. A professional Anchorage home evaluation will help you determine a competitive listing price. Many Anchorage real estate professionals offer free comparative market analyses that judge your home against others currently on the market or ones recently sold. However, these free analyses are often superficial and do not provide the best information about the current housing market and real estate trends. Market conditions in Anchorage vary from one community and neighborhood to the next.

What is an Anchorage home evaluation?

A professional Anchorage home evaluation generally comprises of several aspects:

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• Determining the demand for homes in your area. Are people looking to move to or away from your neighborhood? If demand for homes in your Anchorage neighborhood is high, then the value of your home will increase.
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• What other homes in your area are selling or sold for. The median house value in Anchorage is $170,000, but depending on the community and neighborhood, a professional Anchorage home evaluation can determine if your home is worth more or less than the median.
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• The sellable qualities of your neighborhood. A professional evaluation will determine how safe your neighborhood is compared to others, what the schools are like in your area, what recreational activities are nearby and much more. Certain aspects of your neighborhood can drastically influence the value of your home.
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• Unique and attractive features of your home. The number of rooms, bathrooms, amenities, etc. can also affect the value of your home.

Without a professional home evaluation, you can not determine what asking price will benefit you the best. Many real estate companies offer home evaluations in Anchorage and you can save yourself a lot of trouble by enlisting their help.

By: Arielle Garellek

A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®