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Common Real Estate Questions
The best first step is to get pre-approved for a mortgage. Before you start touring homes, a pre-approval letter from a lender shows how much you can afford and proves to sellers (and builders) that you’re a serious buyer. It also helps you shop within your budget and move quickly when you find the right home.
You don’t always need 20%. While 20% helps you avoid PMI (Private Mortgage Insurance), FHA loans can start at 3.5% down, and some conventional loans go as low as 3% for first-time buyers. There are even Alaska Housing Finance Corporation (AHFC) programs that can help with down-payment or closing-cost assistance.
From accepted offer to closing, most transactions take 30–45 days, though new construction homes take around 6–8 months on average, and custom builds may take 9–12 months depending on weather and selections. The entire journey — from searching to move-in — depends on how quickly you find the right property and secure financing.
Yes. A professional inspection protects your investment. It covers the home’s roof, foundation, plumbing, electrical, and HVAC systems. For new construction homes, you should also schedule a final “blue-tape” walkthrough and may choose a third-party inspection before closing to ensure all builder work meets local code.
Closing costs are separate from your down payment and typically range 2–5% of the home’s purchase price. They include appraisal, title insurance, loan origination, and recording fees. Many Alaska builders offer closing-cost incentives or upgrade credits — your agent can negotiate these on your behalf.
Agents use a Comparative Market Analysis (CMA), reviewing recently sold homes similar in size, condition, and location. For new construction, pricing also reflects lot value, upgrades, energy efficiency, and builder reputation.
Spring and early summer are typically the busiest times. In Alaska, most buyers prefer to move before winter, so listing in April through August gives you more showings and stronger offers.
Pre-qualification is an informal estimate based on your self-reported info. Pre-approval means a lender has verified your credit, income, and assets — giving you a strong, documented commitment and more leverage with both sellers and builders.
Focus on high-ROI updates: fresh neutral paint, exterior curb appeal, and modern lighting. In Alaska, buyers also value energy-efficient upgrades, garage organization, and durable materials suited to cold weather.
An experienced agent brings local expertise, builder connections, and negotiation skill. They manage contracts, inspections, deadlines, and marketing, saving you time, money, and stress, especially on new-construction or complex transactions.
New Construction Questions
Most new homes take about 6–8 months to complete, depending on weather, permitting, and supply timelines. Custom homes that include design changes or luxury finishes typically take 9–12 months. Builders in Anchorage, Eagle River, and the Mat-Su Valley often schedule foundations and framing during the warmer months.
Absolutely. Many builders offer semi-custom and fully custom options — from cabinetry and flooring to re-configured layouts. Lock in design decisions early to keep your 6–8 month timeline on track.
Generally yes, but you’re paying for modern design, energy efficiency, and a full builder warranty. Over time, lower maintenance and utility costs often balance the initial premium.
Most Alaska builders include a 1-year workmanship warranty, a 2-year systems warranty, and a 10-year structural warranty — protecting major elements like foundation, framing, and load-bearing walls.
Builders must follow cold-climate engineering standards — such as deeper frost footings, insulated slabs, and triple-pane windows. Ask your builder about HERS ratings, blower-door tests, and energy-efficient HVAC systems to ensure comfort and cost savings.
A spec home is designed and built by a builder using popular plans and finishes — often move-in ready or nearing completion. A custom build is designed to your exact preferences and typically takes 9–12 months from start to finish.
Yes. The builder’s representative works for the builder, not for you. Your agent ensures your interests are protected, negotiates upgrades or incentives, and oversees the process through closing.
Many builders offer limited-time incentives like closing-cost assistance, appliance packages, or complimentary upgrades. These programs change seasonally and your agent can help you find the best offers.
Anchorage features a wide range of opportunities for single family homes to large customs; Eagle River offers family-oriented neighborhoods with mountain views; and the Mat-Su Valley (Wasilla, Palmer) provides larger lots and value-priced new construction. Each region appeals to different lifestyles, commute times, and budgets.
A custom home typically takes 9–12 months depending on size, design complexity, and seasonal weather. Starting the design and permitting process early (often in winter) helps you break ground by spring and stay on schedule.