Fairbanks Ak Real Estate News & Info

Military Spouse of the Year Award - Now Accepting Nominations

Although praise is deservedly lavished on military service members serving this country, we sometimes overlook their support system at home; their military spouses.

Long deployments to far away lands are no easy task. Military service members are in harms way and away from the family they love for extended periods of time. The wives and husbands left at home have an equally daunting task in that they're charged with keeping the home fires burning.

In recognition of their countless contributions and sacrifices, Military Spouse Magazine is accepting nominations for the 2009 Military Spouse of the Year.

Folks are encouraged to submit a nomination for either themselves or an eligible nominee of their choice. To submit a nomination, individuals must complete the nomination form online at www.msoy.milspouse.com. The nomination period runs from today through Oct. 8, 2008. Judges will review all submissions and select ten finalists from each military service branch, after which readers will select one branch winner.

"This award is an opportunity to thank all military spouses for their invaluable contributions, in addition to recognizing them for the challenges they overcome every day," said Babette Maxwell, Military Spouse magazine co-founder and executive editor.

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This will undoubtedly go down as one of the most bizarre days I've had in real estate since... well, ever.

I spent the morning with a very nice couple from Offutt, AFB looking to move back to Alaska next spring when they retire. After meeting them for coffee this morning to go over our list of homes to see and review the information packages we set off to see if we could find their dream home.

Prospect #1 - Advertised as a "stunning charmer" by an obviously far sighted listing agent. It was anything but. I swear I saw bigfoot under the pile of whatever-that-was in the corner. I had to check the address twice to make sure I didn't accidentally drive us to the city landfill. Mr. Seller, your collection of empty capless two-liter dime store cola bottles doesn’t exactly add to the appeal of the stained with-God-only-knows-what carpet. This was a definite NO.

Prospect #2 - Beautiful log home with knock-your-socks-off curb appeal. They're grinning ear to ear as we pull into the driveway. That's as far as we got because there wasn't a lockbox (as advertised) and the listing agent didn't/wouldn't/couldn't answer her phone. After looking for the lockbox for 10 minutes (and making no less than 20 calls to the L/A - don't you love redial?) we gave up and headed to the next house.

Prospect #3 - Curb appeal - check. Lockbox - check. We open the door to hear the hounds of hell begging to be unleashed. Mrs. says she's not going in and heads back to the security of the car. I, like an idiot, push the door open and call out "hello". Great plan. Alert the four legged handmaidens of Satan you nitwit. 'John' and I enter and find two elephant sized boxers in the kitchen in dog crates that are levitating from the canine wrath inside. On the island we find a note from the owner that says, "watch out for dog bombs in the back yard." As the dogs are within seconds of breaking free of their cheap, plastic Chinese imported prisons and salivating over the thought of fresh meat, we made a hasty retreat and moved this one to the NO pile.

Prospect #4 - We pause for a second as we exit the car to see what demonic creature awaited us. All quiet. Lockbox is on the door and the key actually works. I say a silent 'thank you God' as we enter. We spend a few minutes exploring the house. Kitchen needs a little remodel and it could use new carpet but the rooms are a good size and there's lots of light. So far so good. We make our way upstairs only to end our tour when John opens the bedroom door at the top of the stairs and finds a young couple engaged in... well, lascivious behavior. That's it, we're outta here. Another NO. We get back to the car and John asks me about building. Wow, this is going well.

I've given up hope at this point. All I want is to show a cotton-picking house, for crying out loud. It's not as though we're looking at Maytag boxes with shingles for Pete's sake. There wasn’t a house on the list with a price tag of less than $350,000. What IS the problem people?

Prospect #5 - The fact that we can't get in the front door because the entire Neiman Marcus shoe department has been moved to the foyer doesn't faze us. We survived the hideous ear splitting music coming from the owners Ipod gizmo in the living room. Call me an old fart, but that thumping, wheezing, screeching, crying sound was NOT soothing (or ‘music’ for that matter). I liken it to the sound of something being eaten alive while penning its will with bloody nails on a chalkboard. Not quite what HGTV had in mind when they suggested you play music for showings Mr. & Mrs. Seller. Mrs. makes a face and says she had no idea Glade made a Sweat Sock scented air freshener. Hockey gear bag complete with stick on the dining room table. Someone's very-not-freshly-laundered undies on the floor of the master bedroom. Plate of almost finished spaghetti on the nightstand. We utter a collective sigh and head for the door.

Sell our home? Why, no... we just like the FOR SALE sign in our front yard. The colors are soooo pretty.

It's simple folks. If you want me to sell your home you're going to need to take care of a few things. C-L-E-A-N it, make it market ready (call me if you have no idea what that phrase means) and let me actually get in with the buyers to see it. Oh, yea, get rid of 'Precious' and 'Spot' and their little post-digestive treasures while you're at it. If you can handle that, I'll take care of the rest.

Fairbanks Alaska Real Estate Month in Review - August 2008

What a crazy month. We bid adieu to Lehman, then watched as Bank of America swallowed Merrill Lynch and now the Fed has nationalized AIG. Rumors of a similar fate surround the few other giants left standing. The real estate and finance landscape is changing daily and at a record pace. To say we’re living in interesting times would be an understatement. The good news is that the Fairbanks real estate market continues to move forward despite near catastrophic news from the financial powerhouses on Wall Street.

Average Sales Price

Homes Sold

Days on Market

Discount from List Price

Locally, home sales picked up somewhat in August over July and with 106 homes sold. August earns the distinction of being the busiest month of 2008, thus far. We're still trailing our sales numbers as compared to this time last year by 22%. Judging from the rumblings from other brokers and buyers I expect that number to widen to perhaps upwards of 25% behind '07 by years end.

Marketing time increased slightly to an average of 106 days in august and 128% over the 2007 average. At least in the short term, home prices are going to need to come down in order to stimulate the market. The spike in the discount-from-list-price number is due to a handful of sellers who, until recently, were unrealistic with respect to value. Three Fairbanks sellers finally decided to cut their asking price by more than $100,000 to effect a sale. One slashed his price by more than $200,000 (28.3%) before a buyer showed interest.

Homes in good condition that are priced within the market will continue to sell. Those sellers unwilling to market their homes accordingly will join the ranks of hundreds of others who are languishing on the market with no buyer in sight.

Folks have been speculating on the number for weeks. How much will it be? Today the wondering ended with an announcement by Lt. Governor Sean Parnell this morning that the 2008 Permanent Fund Dividend amount would be $2,069 plus an additional one time resource rebate of $1,200 to all eligible Alaskans. The total payout for 2008 for each eligible man, woman and child is $3,269.

The one time resource rebate payout was approved by Governor Palin and approved by the legislature last month. “The royalty dollars that flow through the state are the people’s wealth,” said Parnell. “The $1,200 resource rebate goes to that philosophy.”

Direct deposit of the dividends is scheduled earlier than usual this year, Sept. 12, for more than 493,000 people. Paper checks for recipients who want them will be mailed out, starting Sept. 30.

Thinking about buying or selling real estate in Fairbanks or Interior Alaska? We know Fairbanks real estate – Jesse and Kathy are your local Fairbanks real estate experts. Search Fairbanks homes for sale, sign up for free new listing notifications, view Fairbanks market statistics or browse our virtual relocation package. Have questions? Contact us online or call us at (907) 699-6024. We would love to hear from you.