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68136 : Real Estate Advice

  • All5
  • Local Info0
  • Home Buying1
  • Home Selling3
  • Market Conditions0

Activity 177
Wed May 11, 2011
Anna M Brocco answered:
Keep in mind that assessed value has no bearing on market value; therefore review comps with your agent, recently sold similar properties in the immediate area and then make a determination on price; as for any advice needed, since none of us are directly involved, consult with your agent, he/she is your best guide... ... more
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Mon Aug 8, 2011
Monica Lang answered:
I would suggest Bank of the West. I own a home in Omaha & purchased a 2nd home in California. They handled the sale very well & even had the closing done at my home!
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Fri Aug 23, 2013
kenneth Landolt answered:
Tue Apr 5, 2011
ABC answered:
Hi Joe,

You can purchase a home with as little as 0% if you are a Veteran or if you are purchasing a home in a rural area.

Otherwise, you can purchase a loan with as low as 3.5% down up to a loan size of $271,050.

Your loan amount is always based on the the lower of purchase price or appraised value. So, if you purchase a home for $175,000 and it appraises for $190,000, the loan is still based on the purchase price which is the lower of the two figures.

If the home were to appraise for $165,000, the loan would be based on the $165,000 appraised value since it is lower than the purchase price. In this case your option would be to renegotiate the price with the seller, walk away from the purchase or pay the difference in cash.

Feel free to contact me with any other mortgage questions.

Ryan Shoemaker
The Private Mortgage Group
(402) 392-5805
... more
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Fri Nov 1, 2013
ABC answered:
Zillow claims to have the largest real estate network since it partnered with Yahoo last month...

Trulia claims to be the fastest growing real estate website...
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Sat Mar 21, 2015
Abrir Gonzalez answered:
Once you've purchased the home, you can visit the local county poperty appraiser's office (they should have an online site) and discuss the process for reevaluating the current assessment. Sometimes its only a matter of submitting the final sale documents from the title company. If this is too much of a hassle for you, then keep in mind every year the property values are reassessed. I'm not sure when you're county does the assessment, but again your county property appraiser can certainly guide you. Good Luck. ... more
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Fri Mar 11, 2011
Dan Tabit answered:
The purpose of a short sale is for the bank and seller to avoid foreclosure and obtain the most the market will bear for the house. What the seller owed is almost immaterial, the house is worth what it's worth regardless of the debt. If they do not approve your short sale they will likely take it in foreclosure and sell it for even less.
If it's been that long without word, I'd want to make sure that the agent and or negotiator involved knows what they are doing. Have they submitted a complete package? Have they verified receipt of the package? Have BPO's been ordered? Is your agent calling at least once a week for updates?
Short sales are hard, but if done right can happen. If you are missing a document nothing will happen until they get it, except possibly a foreclosure.
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Mon Mar 7, 2011
Jerod Evanich answered:
You do have options, but for legal reasons, it is best to seek the advise of an attorney.

Jerod Evanich
Prudential Ambassador Real Estate
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Mon Oct 14, 2013
Kathy Miller answered:
There are 143 active listings in your zip code. The median price is $75,000. The houses which are priced below the median price are likely to be smaller, and or in need of work or updating. Those above the median price generally offer more space and or are more updated and in better condition. Many of the neighborhoods developed around the packing industry. As workers came in from other places, they tended to live close to their work and their church. South Omaha at one time was a separate city and annexed by the City of Omaha in 1915.

There are several parks in the area. It is in the Omaha Public Schools school district.

If you want specific information on the homes available, let me know.

Kathy Miller, Accredited Buyer Representative
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Tue Apr 5, 2011
Brenda & Lynette Team O! answered:
I was the listing agent for that townhome. It sold in 8 days. Is there something I can help you with?
Brenda Sedivy
0 votes 1 answer Share Flag
Wed Feb 16, 2011
I am not an agent, and not from Omaha, but I will give you a non-biased view. You may have someone who is going to tell you that they will sell it for you for a 2% commission, or a $500 click-it fee, but the question is, how badly do you want to sell? I you want to sell, find yourself a good agent who will promote your home properly, and will do all that needs to be done to get it sold. There a reason why Foxton's couldn't make it. ... more
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Wed Jun 1, 2011
Christopher Pagli answered:
Hi, I recommend using someone that you feel has the qualifications and personality to meet your needs. Word of mouth is always the best referral, check with friends and family for their recommendations. Every agent has something different to offer and just because an agent has sold a ton of homes doesn't mean you will get the attention you need. Interview at least three before making your final decision. ... more
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Sun Jan 9, 2011
Kathy Miller answered:
I'm not aware of any program for second time home buyers. That assumes that you currently own a home. NIFA defines a first time home buyer as a person who has not owned a home in the last three years. There are exceptions for people in certain circumstances. If you buy a home in a NIFA targeted area, you do not have to be a first time buyer.

If you want more info, feel free to call me at 319-1600.

Kathy Miller
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Thu May 5, 2011
Justin Hogan answered:
Credit scores requirements vary depending on the financing terms. First thing we would want to do is have you speak with a mortgage lender. Please email me so we can further discuss.

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Sun Dec 5, 2010
Justin Hogan answered:
Sure what is your email address and I will send you some information about the property and area.

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Thu Nov 4, 2010
Tammy Hayes answered:
It is not as important to find a Realtor who has sold the most homes, has the most experience or works for the largest and most well-known company as it is to find someone that is professional. You want an agent that will listen to you, uses ethical conduct, and knows the market. ... more
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Thu Oct 28, 2010
Jeff Cohn answered:
Many sellers homes have depreciated since they've purchased them. In these instances, a seller could be required to bring money to closing. For those individuals that don't have money to bring to closing, staying in the home or going in to foreclosure seems like the only option. I have good news for you, how about a Short Sale! This is when the bank takes on all of the debt you would have otherwised incurred at closing. Typically, banks will allow customers to file for a Short-Sale if the customer has stopped making payments on their loan, is not willing to restructure the loan and does not have the money to bring to closing in the event the house has depreciated in value and gets an offer on it. This process can take months to finalize, but will help keep the home owners credit loss to a minimum versus going the foreclosure route. Be sure to find a Realtor in your area that has sold at least 10 Short Sales and claims to be a Short Sale expert. The rules and regs surrounding short-sales change each and every day and it's important that the Realtor you select knows what they are doing! ... more
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Sat Oct 23, 2010
A Walk asked:
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Tue Jan 4, 2011
David Matney answered:

From January 1, 2010 to September 26, 2010 the average Days on Market for residential property in the Omaha area is 66 days. Currently we have 6,065 active listings on the MLS (Multiple Listing Service) and the average sale price is $164,898. The sale price / list price ratio is 97.26%. Since January 1, 2010 we have had 7,066 closed sales. These numbers reflect both attached and detached housing. If you have any questions feel free to give me a call at 402-490-6771. ... more
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Sun Sep 26, 2010
Carol Schrader answered:

I can give you average DOM for homes SOLD in the Omaha Metro last month (65) and average DOM for homes that went under contract last month (68). But that doesn't give the whole picture. For instance, the decent (or easily fixed-up) foreclosures and HUD repos are snapped up quickly by investors which make up a good percentage of the buyers right now. Improperly priced homes and BAD proeprties linger on the market and then may be relisted a number of times. The Omaha Area Board of Realtors shopped showing Cumulative Days on Market (CDOM) so it's impossible to tell (except by indivisual property research) how long those have been on the market.

The best way to get an idea of of how fast your home might sell (when priced correctly) is to get in touch with a REALTOR for a Comparative Market Analysis (CMA).

Hope this helps.

Carol Schrader
Deeb Realty
402 676-1751
... more
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