Welcome to Lisa Herrington's website, where you can find the latest information about real estate in Anchorage, Alaska.
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It’s a sellers market in Anchorage these days. The city is experiencing a tight housing inventory, limiting the number and choices for buyers. The low inventory is sometimes resulting in multiple offers on properties, which can drive up the asking price. I am a lifelong Alaskan with more than 25 years of experience as a licensed Realtor in Anchorage. I know the challenges newcomers face when relocating to Alaska’s biggest city, from choosing the right neighborhood to making new friends, and I've helped hundreds of families make the move. I'd be honored to help you, too. Just give me a call or drop me an email Lisa Herrington & Associates
(907) 229-6822
lisah@pobox.alaska.net |
Time to Move >Advantages of Buying Down
Your youngest child has just left home! Your present house now seems enormous. Your "empty nest" has prompted thoughts of selling your home and moving to a smaller, more manageable house.
Before you make a move, you should consult two important professionals--your real estate agent and your tax planner. A good real estate agent will be able to tell you the value of your current home and the availability of alternative houses in your preferred area.
Buying a smaller home or condo can have important advantages, such as lowering your property taxes, simplifying property maintenance, and generating cash which can be put into income-producing investments. You will also want to consider the tax laws which allow capital gain exclusions whether you "buy up" to a more expensive home or "buy down" to a less expensive one. If you are moving downtown from the suburbs in order to be close to cultural centers, theaters and restaurants, there may be "quality of life" issues, such as noise or parking. Your real estate agent and your tax planner can provide valuable information to assist you in making such decisions.
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