Douglas County, NE Real Estate News

By The Trumm Team Omaha Homes for Sale, Real Estate
(Keller Williams Greater Omaha)
If you’re planning to buy a home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase. It’s also a different step in the process from a home inspection, which assesses the condition of the home before you finalize the transaction. Here’s the breakdown of each one and why they’re both important when buying a home. Home Appraisal The National Association of Realtors (NAR) explains: “A home purchase is typically the largest investment someone will make. Protect yourself by getting your investment appraised! An appraiser will observe the property, analyze the data, and ...
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By The Trumm Team Omaha Homes for Sale, Real Estate
(Keller Williams Greater Omaha)
In 1963, Martin Luther King, Jr. inspired a powerful movement with his famous “I Have a Dream” speech. Through his passion and determination, he sparked interest, ambition, and courage in his audience. Today, reflecting on his message encourages many of us to think about our own dreams, goals, beliefs, and aspirations. For many Americans, one of those common goals is owning a home: a piece of land, a roof over our heads, and a place where we can grow and flourish. If you’re dreaming of buying a home this year, start by connecting with a local Omaha real estate professional to understand what goes into the process. With a trusted advisor at your side, you can then begin to answer the questions below to set yourself up for homebuying success. 1. How Can I Better Understand the Process, a...
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By The Trumm Team Omaha Homes for Sale, Real Estate
(Keller Williams Greater Omaha)
According to many experts, the Omaha real estate market is expected to continue growing in 2021, and it’s largely driven by the lasting impact the pandemic is having on our lifestyles. As many of us spend extra time at home, we’re reevaluating what “home” means and what we may need in one going forward. Here are 4 reasons people are reconsidering where they live and why they’re expecting to buy a home this year.  1. Record-Low Mortgage Interest Rates In 2020, the average interest rate for a 30-year fixed mortgage hit a record low 16 times, continuing to fall further below 3%. According to Freddie Mac, the average 30-year fixed interest rate today is 2.65%. Many wonder how low these rates will go and how long they’ll last. Len Keifer, Deputy Chief Economist for Freddie Mac, advises: “If...
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By The Trumm Team Omaha Homes for Sale, Real Estate
(Keller Williams Greater Omaha)
Homeownership has always been the first rung on the ladder leading to household wealth. As Freddie Mac recently posted: “Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own and an avenue for building wealth over time. This ‘wealth’ is built, in large part, through the creation of equity…Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.” Home equity is the difference between the current market value of your house and the amount you currently owe on your mortgage. To estimate your equity, subtract your mortgage balance from the market value of your home. You can find what you owe on your mortgage by looking at your last ...
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By The Trumm Team Omaha Homes for Sale, Real Estate
(Keller Williams Greater Omaha)
It’s exciting to put a house on the market and to think about making new memories in new spaces. However, despite the anticipation of what’s to come, we can still have deep sentimental attachments to the home we’re leaving behind. Growing emotions can help or hinder a sale depending on how we manage them. When it comes to the bottom line, homeowners need to know what it takes to avoid costly mistakes when it’s time to move. Being mindful and prepared for the process can help you stay on the right track when selling your house this year. 1. Price Your Home Right When inventory is low, like it is in the current market, it’s common to think buyers will pay whatever we ask when setting a listing price. Believe it or not, that’s not always true. Don’t forget that the buyer’s bank will send ...
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By The Trumm Team Omaha Homes for Sale, Real Estate
(Keller Williams Greater Omaha)
Around this time each year, many homeowners decide to wait until after the holidays to sell their houses. Similarly, others who already have their homes on the market remove their listings until the spring. Let’s unpack the top reasons why selling your house now, or keeping it on the market this season, is the best choice you can make. This year, buyers want to purchase homes for the holidays, and your house might be the perfect match. Here are seven great reasons not to wait to sell your house this holiday season: 1. Buyers are active now. Mortgage rates are historically low, providing motivation for those who are ready to get more for their money over the life of their home loan. 2. Purchasers who look for homes during the holidays are serious ones, and they’re ready to buy. 3. You c...
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By Katy Klesitz, We buy houses in Omaha. Sell your home fast.
(Katy & Frank Home Buyers)
Do you need to make a quick sale on your Omaha home?Why not consider a home investor?Selling a home the traditional way takes time and effort. You'll need to prepare your house for viewing which requires cleaning and repairs. Then you'll have to pray that the market is up in your area!Not to mention all the extra costs such as realtor fees and paperwork processing fees. The closing process can also take time to complete. Selling your home to an investor is a quick and simple process. Home investors like us will buy your home for cash as is! Here are some of the many benefits of selling your house to a home investor.Traditional Buyers vs Home InvestorsTraditional buyers are regular people like you and me who want to buy a home to live in. They're looking to purchase a comfortable family ...
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By The Trumm Team Omaha Homes for Sale, Real Estate
(Keller Williams Greater Omaha)
There’s no doubt 2020 has been a challenging year. A global pandemic coupled with an economic recession has caused heartache for many. However, it has also prompted more Americans to reconsider the meaning of “home.” This quest for a place better equipped to fulfill our needs, along with record-low mortgage rates, has skyrocketed the demand for home purchases. This increase in demand, on top of the severe shortage of homes for sale, has also caused more bidding wars and thus has home prices appreciating rather dramatically. Some, therefore, have become cautious about buying a home right now. The truth of the matter is, even though homes have appreciated by a whopping 6.7% over the last twelve months, the cost to buy a home has actually dropped. This is largely due to mortgage rates fal...
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By Katy Klesitz, We buy houses in Omaha. Sell your home fast.
(Katy & Frank Home Buyers)
You type "sell my home quickly" into Google, and are bombarded with information. Some of the advice seems good, other bits...you're not sure about. Selling a home can be challenging and most people only do it once or twice in their lives.On top of that, Omaha, Nebraska is a big place. If you're looking to sell your home, it's easy to be overwhelmed in such a market! This is where I can help. My experience with Katy & Frank Home Buyers, where we are constantly working in the Omaha market, has primed me with some great advice for potential sellers. No matter how dated or unwanted your home, we've got advice on how to give it a great chance to sell.The "Sell My Home Quickly" Basics!Before we start talking too specific, the first thing a home seller needs to do is their basic due diligence....
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By The Trumm Team Omaha Homes for Sale, Real Estate
(Keller Williams Greater Omaha)
In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year progressed (See graph below): When you continually hear how rates are hitting record lows, you may be wondering: Are they going to keep falling? Should I wait until they get even lower? The Challenge with Waiting The challenge with waiting is that you can easily miss this optimal window of time and then end up paying more in the long run. Last week, mortgage rates ticked up slightly. Sam Khater, Chief Economist at Freddie Mac, explains: “Mortgage rates jumped this week as a result of positive news about a COVID-19 ...
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By Katy Klesitz, We buy houses in Omaha. Sell your home fast.
(Katy & Frank Home Buyers)
In 2020, the number of sales of existing homes rose to a fourteen-year high.This might make you consider selling your own home during this seller's market.However, home sellers should be aware that there are a number of common mistakes that can mean you don't profit nearly as much as you would hope to.Let's take a look at ten common mistakes people make when selling their homes.1. Home Sellers Pricing Their Homes Too HighIt's important to price your home right when you put it on the market. If the price you set is unrealistic, you're setting yourself up for disappointment.Real estate agents will run a comparative market analysis to help determine a fair listing price for your home. Unless your selling during a housing market bubble, you shouldn't expect your house to sell when you list ...
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By The Trumm Team Omaha Homes for Sale, Real Estate
(Keller Williams Greater Omaha)
Through all the challenges of 2020, the real estate market has done very well, and purchasers are continuing to take advantage of historically low mortgage rates. Realtor Magazine just explained: “While winter may be typically a slow season in real estate, economists predict it isn’t likely to happen this year…Low inventories combined with high demand due to record-low mortgage rates is sending buyers to the market in a flurry.” However, one challenge for the housing industry heading into this winter is the dwindling number of homes available for sale. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), recently said: “There is no shortage of hopeful, potential buyers, but inventory is historically low.” In addition, Danielle Hale, Chief Economist for realtor....
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By Katy Klesitz, We buy houses in Omaha. Sell your home fast.
(Katy & Frank Home Buyers)
Are you at risk of losing your Omaha home? While every hopeful homeowner plans to steer clear of financial disruption, avoiding foreclosure isn't always a guarantee. This is especially the case if your mortgage payments are high or your life circumstances suddenly change. If you're unable to make your mortgage payments, your lender has the right to take over the ownership of your home. Unfortunately, foreclosure is a reality for some American homeowners today. In fact, the share of housing units in the U.S. with a foreclosure filing was 0.36 percent in 2019. For these homeowners, losing their home is only the beginning of a long and difficult financial road ahead. The good news, you ask? Experiencing financial distress doesn't always have to lead to the possibility of foreclosure. In un...
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By Katy Klesitz, We buy houses in Omaha. Sell your home fast.
(Katy & Frank Home Buyers)
Have you reached that tipping point with your Omaha home? Do your fixed income or endless project list have you saying, "sell my home fast"?If you drive around Omaha on the regular, you'll likely notice signs stating, we buy houses for cash or we pay cash for your home. Does someone paying you in cash for your home sound pretty appealing? You may want to make a sell house for cash pros and cons list of your options. Weighing the factors of each choice will help you answer the question, "What's the best way to sell my house now in Omaha?"What About an Omaha Realtor?Using a real estate agent, or Realtor, is very likely how you purchased your home. Until recently, it was considered the only real way to sell or buy a property. But, if you're thinking "I need to sell my Omaha house fast" or ...
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By The Trumm Team Omaha Homes for Sale, Real Estate
(Keller Williams Greater Omaha)
Today, on Veterans Day, we honor those who have served our country and thank them for their continued dedication to our nation. In the United States, there are many valuable benefits available to Veterans, including VA home loans. For over 75 years, VA home loans have provided millions of Veterans and their families the opportunity to purchase their own homes. As we consider the full impact of VA home loans, it’s important to both understand these great options for Veterans and to share them with those we know who may be able to benefit most. For a variety of different reasons, many Veterans don’t use their VA home loan options, so being knowledgeable about what’s available and how they work may be a game-changer for many. Facts about 2019 VA Home Loans (most current data): 624,546 hom...
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By The Trumm Team Omaha Homes for Sale, Real Estate
(Keller Williams Greater Omaha)
In today’s real estate market, the buzz is all about how it’s a great time to sell your house. Buyer demand is high, and there simply aren’t enough homes available to buy to meet that growing need. This means now is the time to make a move so you can close the deal on your ideal terms. Even in today’s strong sellers’ market, there are homeowners who are choosing not to sell due to ongoing concerns around the health crisis, financial uncertainty, and life in general. According to Zillow, here are the top three reasons homeowners who are thinking of selling sometime in the next three years are not putting their houses on the market right now: 34% – Life is too uncertain right now 31% – Financial uncertainty 25% – COVID-19 health concerns If you identify with any of these, you’re not alon...
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By The Trumm Team Omaha Homes for Sale, Real Estate
(Keller Williams Greater Omaha)
As the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call “home” is taking on a new meaning, causing many of us to consider buying or selling sooner rather than later. Housing, therefore, has thrived in an otherwise down year. Today’s high buyer demand combined with low housing inventory means we’re seeing home prices appreciate at an above-average pace. This demand is being driven by those who want to take advantage of historically low mortgage rates. According to Freddie Mac: “The record low mortgage rate environment is providing tangible support to the economy at a critical time, as housing continues to propel growth.” These factors are driving a positive impact on the economy as a whole...
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By The Trumm Team Omaha Homes for Sale, Real Estate
(Keller Williams Greater Omaha)
Three Ways Low Inventory Is a Win for Sellers The number of houses for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence Yun, Chief Economist for the National Association of Realtors (NAR): “There is no shortage of hopeful, potential buyers, but inventory is historically low.” When the demand for homes is higher than what’s available for sale, it’s a great time for homeowners to sell their house. Here are three ways low inventory can help you win if you’re ready to make a move this fall. 1. Higher Prices With so many more buyers in the market than homes available for sale, homebuyers are frequently entering into bidding wars for the houses they want to purchase. This buyer competition drives home prices up. As a seller, ...
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By The Trumm Team Omaha Homes for Sale, Real Estate
(Keller Williams Greater Omaha)
As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come. Due to the undersupply of homes on the market today, there’s upward pressure on prices. Consider simple economics: when there is high demand for an item and a low supply of it, consumers are willing to pay more for that item. That’s what’s happening in today’s real estate market. The housing supply shortage is also resulting in bidding wars, which will also drive price points higher in the home sale process. There’s no evidence that buyer demand will wane. As a result, experts project pric...
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By The Trumm Team Omaha Homes for Sale, Real Estate
(Keller Williams Greater Omaha)
The September Jobs Report issued by the Bureau of Labor Statistics reported that the unemployment rate dropped to 7.9%. Though that percentage is well below what experts projected earlier this year, it still means millions of people are without work. There’s no way to minimize the tremendous impact this pandemic-induced recession continues to have on many Americans. However, the latest Home Purchase Sentiment Index from Fannie Mae shows how more and more Americans believe the worst is behind us, and their personal employment situation is good. The index revealed: “The percentage of respondents who say they are not concerned about losing their job in the next 12 months increased from 78% to 83%, while the percentage who say they are concerned decreased from 22% to 16%. As a result, the ...
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