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  • Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from The Dar Walden Team, a proven Anchorage, Wasilla and Eagle River, Alaska NUMBER1EXPERT™ Top Selling real estate agent.

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Real Estate Tips
Financing Your Home >Finicky Financiers

Buying an old house to fix up has an attraction for many people. If you can find a house with charm and character, a renovation may enable you to create just the living environment that you want. You should start with a good real estate agent to help you locate the right house and recommend lenders who make both acquisition and construction loans.

Financing a renovation is perhaps the most difficult part of the whole project, especially if the house needs extensive work. Few banks will make these loans to people who are not professional developers. You should prepare for your loan application by having a written proposal. It helps to have an engineer's report or architectural plans and to include estimates from contractors covering the costs and timetables for the work to be done. Your real estate agent can help you put together a market analysis of the neighborhood to show that you will not be over-improving the property compared with other homes in the area.

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Real Estate Trivia
Q 
Where are the highest median price homes in the United States currently located?

A 
According to the NAR, the highest median price in the second quarter of 2005 was $726,900 for homes in California's San Francisco Bay area.
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The Dar Walden Team, REALTOR®, real estate agent and broker for Anchorage, Wasilla and Eagle River, Alaska home listings, property and land for sale - NUMBER1EXPERT(tm) The Dar Walden Team, REALTOR®, real estate agent and broker for Anchorage, Wasilla and Eagle River, Alaska home listings, property and land for sale - NUMBER1EXPERT(tm)

The Dar Walden Team
Keller Williams Realty-Alaska Group

101 W. Benson Blvd. Ste 503
Anchorage, AK 99503
Toll Free: 1-888-257-0550
Phone: 907-240-2804
Fax: 907 - 865-6408
Email: TheDarWaldenTeam@NUMBER1EXPERT.com

Dar Walden: Dar's ninth year in the business coming from a 12-year career in international sales!

Ed Walden: Ed's sixth year in the business coming from a 20 year Air Force career in logistics!

CDPE CLHMS CRS Equal Housing GRI MLS REALTOR


Keller Williams

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