Are you really getting a good deal? The truth about negotiation tactics in Anchorage

[Keenan Fitzpatrick]

First we need to define what a good deal is to you. It's different for everyone and each market is different. I don't just mean different locations within the US. I'm talking about different locations within Anchorage and different property types in different price points and different condition. For example, would you ever pay $200,000 for a property worth $100,000? Most people would say no. I would... if I got to decide the rest of the terms. I would suggest 0% down, 0% interest only payments with a 15 year balloon. I would get the property for free with no monthly payments and have 15 years to pay it in full and by that time it would probably be worth over $200,000 anyway. See how a "good deal" isn't determined by just one or two of the factors? The truth is that many desirable properties in Anchorage are just as aggressive as anything has been over the last two years. Inventory is so low that multiple offers going 8-9% over asking is not uncommon. The ones that have been on market for a while or maybe have some more distressed condition may leave an opportunity for a more creative deal to be had. That's where a realtor and lender who is a creative problem solver becomes so valuable.

@Ryan Zachary