Jed Weingarten's Blog

Rents on the Rise

Jed Weingarten (Dynamic Properties) — Wed, 06 Jul 2011 11:50:23 -0700

Smart Money in the Wall Street Journal predicts rents will continue rising at least until 2013. Nationwide the average rate for apartment and home rentals have been up 6.7% from June 2010. . In addition, vacancy rates have dropped from 8% to 6.2%.. It seems that more people are not able to qualify for home loans and are living in rentals. This trend is good for owners of investment properties and home rentals. For investors it's a good time to buy rental properties.

Home Loans Harder To Get

Jed Weingarten (Dynamic Properties) — Mon, 27 Jun 2011 13:09:04 -0700

Many people are being denied loans in todays lending environment. This is likely to be a good change in the long run, as many lenders had been too loose, which led to overinflated markets and buyers that should not have had home loans. Many people that would have qualified for a home loan not long ago would not qualify today. Many of these people become renters. Some of them may be tempted to use creative financing. In Anchorage and nationwide home buyers need higher credit scores and are facing larger down payments with shorter terms. Click on the link below for more information and stats:

http://online.wsj.com/article/SB10001424052702304569504576405660006330644.html?mod=WSJ_RealEstate_LeftTopNews

Anchorage Real Estate Trends

Jed Weingarten (Dynamic Properties) — Wed, 22 Jun 2011 16:18:48 -0700

The number of homes sold in Anchorage through May of 2011 was down 7.9% compared to 2001. The median price, however, was up 1.72%. If you would like more statistics for the Anchorage real estate market contact Jed @ 907-727-5333. Enhancing Your Real Estate Experience. To search all the properties for sale in the Alaska MLS and get local recreation information go to:

http://web.me.com/jedweingartenak

or call Jed Weintgarten 907-727-5333

Realtor

Vice President, Dynamic Properties

$215,000 Remodeled Anchorage Townhome For Sale

Jed Weingarten (Dynamic Properties) — Mon, 13 Jun 2011 13:22:19 -0700

New flooring throughout. New Alaskan made vinyl windows. New lighting. New kitchen with granite counter tops and custom built cabinets. New deck. Master bath with heated floor was added. Courtyard for BBQs, gardening, and pets. Spacious common areas with clubhouse. 3 bedooms, 2.5 bathrooms, 1358 square feet. Garage and carport. For more photos and information go to: http://www.flexmls.com/link.html?u953hkqs4ql,2,1

Contact Jed 907-727-5333 Dynamic Properties

$175,000 Anchorage Home

Jed Weingarten (Dynamic Properties) — Wed, 08 Jun 2011 12:08:39 -0700

Nice fenced yard for your kids/pets/BBQs/gardening. Parking for your RV and toys. Mountain views. Gas stove, French doors to back deck. 1192 square feet 3 bedrooms. 1.5 bathrooms. No dues.

For more information and photos go to:
http://www.flexmls.com/link.html?u93bgat91rv,2,1

Contact Jed 907-727-5333 Dynamic Properties

Enhancing Your Real Estate Experience

http://web.me.com/jedweingartenak/Anchorage_Real_Estate_and_Recreation/Anchorage_Properties.html

Anchorage Real Estate Market Stable

Jed Weingarten (Dynamic Properties) — Tue, 31 May 2011 12:57:53 -0700

Anchorage real estate has been strong compared to most other markets. The impact of stressed properties can be felt, but are not as significant as nationwide. Case -Shiller says the home prices nationwide fell 4.2% in the first quarter compared to last year's first quarter. According to the Alaska Multiple Listing Service the median sale price for Anchorage homes sold in the first quarter of 2011 was $284,000. This was down 2% compared to 2010 first quarter. The number of sold residential listings was up 5%. Buyers and sellers in Anchorage can expect prices to be flat. As of March 2011 there was a 4.2 months supply of homes for sale, which indicates a sellers market. A six month supply is considered balanced. For buyers this means most homes are not selling for a significant discount. It also means when they find a property they want they should move fast. For sellers, this means that properties that are priced, marketed, and staged properly are selling. For residential property the average days on market is 82, which is 5% faster than last year. It seems that under $500,000 properties are moving. Over $500,000 seems to still be soft and sellers should price aggressively to attract offers. If you know someone looking to buy or sell in Anchorage or Eagle River feel free to contact me.

Go Paperless and Find Data Faster

Jed Weingarten (Dynamic Properties) — Tue, 31 May 2011 11:54:06 -0700

After 18 successfull years of helping people buy and sell real estate I have lots of files. New scanner technology has made me realize we can now easily digitize and manage information. Scanners have been around for years as a way to capture an image. The Neat Desk Desktop Scanner uses new advancements in typed-text recognition to create searchable PDF files. That means business cards, paper receipts, and standard size documents can be easily scanned, organized, and transfered to a number of usable formats like Outlook or Quickbooks. Instead of searching through our file cabinets for the information we want, we can find it fast. Documents for transactions can instantly be sent to the broker. Cloud technology gives us a way to back up data and access it with computers and smart phones. A new digitial scanner is a great improvement for you and your business. If you would like many of your files to go away and be able to access your information easier, digitizing your information is the key.

Half a Million Dollar Home For Sale in South Anchorage

Jed Weingarten (Dynamic Properties) — Wed, 18 May 2011 12:51:32 -0700

Custom home with unique floor plan. Massive sunken living room with built in desks, shelves, and cabinets. Kitchen remodel includes quarts counters and full open extra deep soft close drawers. New gar door. New 95% efficient furnace. 3 bedrooms. 2 full and 2 half baths. Huge laundry room. Main floor den/office could be 4th bedroom. Tons of storage and light throughout. Fenced yard with deck, shed, and play area for children. For photos and more info go to:

http://www.flexmls.com/link.html?u87f24tcnwi,2,1

Enhancing Your Real Estate Experience

If you know someone looking to buy or sell property in Anchorage or Eagle River Alaska

contact Jed 907-727-5333 Dynamic Properties

$194,700 Anchorage Lakefront Condo

Jed Weingarten (Dynamic Properties) — Mon, 09 May 2011 12:12:58 -0700

Watch the animals from your 2 bedroom condo with spectacular lake and mountain views. This is one of few projects that also has a gym for working out and a sauna for relaxation.
Garage. 1.75 Baths. Listen to the birds nesting on the lake. East facing deck for fantastic sunrises. The sunlight creeps up the mountains when the sun sets. See the clouds moving in and out.
I've lived in Woodlake Condos for almost 20 years and LOVE it. The unit below me was listed by my friend Charles Blalock at Prudential. My name is Jed and I"m with Dynamic Properties. This is truly a special opportunity for someone who enjoys incredible views of water, mountains, and wildlife daily. If you are not currently working a real estate licensee and would like take a tour, contact me for a private showing. Jed Weingarten 907-727-5333 I'm looking to represent a buyer who will also be a neighbor.
Enhancing Your Real Estate Experience
http://web.me.com/jedweingartenak/Anchorage_Real_Estate_and_Recreation/Anchorage_Properties.html

$675,000 - Elevator to All Floors - Anchorage Alaska

Jed Weingarten (Dynamic Properties) — Wed, 20 Apr 2011 13:35:30 -0700

Lake view from deck and family room. Basement with media room, recreation room, office, and storage room. Possible mom in law. Oak floors in family room. Marble foyer. Nicely landscaped lot. Custom window coverings. Faboulous master suite. Over 6000 square feet on 1/3 acre. 4 bedrooms, 4 bathrooms, triple garage. Popular Sportments Point subdivision in South Anchorage. Seller will pay $15,000 for custom upgrades or closing costs.

Contact Jed @ Dynanic Properties. 907-727-5333 Alaska MLS #10-15775

$249,000 Anchorage Condo For Sale

Jed Weingarten (Dynamic Properties) — Wed, 13 Apr 2011 13:51:21 -0700

Master with private bath. Great room and open kitchen design with gas stove, breakfast bar, and pantry. Vaulted ceiling. Dining area with access to deck. Easy access to bases, hospitals, and universities. Close to hiking, biking, and ski trails. 3 bedrooms, 2.5 bathrooms, double garage.
for more photos and info go to: http://www.flexmls.com/link.html?u74s5f8gpu3,2,1
If you have questions contact Jed 907-727-5333 Dynamic Properties
Enhancing Your Real Estate Experience.
http://web.me.com/jedweingartenak/Anchorage_Real_Estate_and_Recreation/Anchorage_Properties.html
6856 Brittany

How to Handle Multiple Offers Anchorage Realtor

Jed Weingarten (Dynamic Properties) — Wed, 13 Apr 2011 12:39:51 -0700

Multiple offer situations can be stressful for buyers, sellers, and Realtors. A multiple offer situation occurs when the listing Realtor has more than one offer in hand. A promise to write an offer in the future does not count although some listing Realtors may use the it for negotiation leverage. A Buyers Realtor should ask the Listing Realtor if all offers have been received in writing. An offer is accepted when it has been delivered to the seller and the seller delivers signed copy to the buyer. If an offer is delivered but not received it's not valid until receipt. Always obtaining confirmation of reciept is one way to minimize confusion. Once we confirm there are really multiple offers I like to ask the listing licensee if any of the offers are with them as the selling Realtor. Their response is either no or "it doesn't matter" (yes) or yes. This helps me as a buyers Realtor understand our negotiating position.

Handling multiple offers is a negotiating strategy. The process depends on the situation. Clients may prefer different stategies. Brokers do not have a standardized process nationwide. NAR offers "A Buyers' and Sellers' Guide to Multiple Offer Situations." I am not aware of state or federal laws or regulations pertaining to legalities. The role of the Realtor is to present the options to the seller so the seller can make the best possible decision.

The proceedure that I suggest starts with a checklst in a form deliverable to all parties.

1. Notify all Parties in writing that the seller has received multiple offers

2. All offers will be presented _____ time ______day

3. Seller will counter or accept the offer they like best

4. If not accepted seller to counter to next best offer.

The seller needs to understand that there are risks to notifying all parties. Some buyers will walk. The buyer should understand it's not about who's first, it's about the content of the offer.

In my opinion sometimes Realtors create multiple offer situations because they think it benefits the seller, and sometimes it does. In some multiple offer situations nobody ends up happy. The buyer thinks they overpaid, which may be the case. Other buyers want the house they didn't get. Sellers think they under priced. Rather than taking steps to create multiple offers I think its best to go with a good buyer represented by a good Realtor for a good deal. Many times, however, a multiple offer situation can't be avoided. The best way to handle it is appropriate communication to the buyers and informing sellers of options so they can make educated choices.