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Omaha : Real Estate Advice

  • All383
  • Local Info29
  • Home Buying120
  • Home Selling35
  • Market Conditions12

Activity 177
Sun Sep 19, 2010
Gerard Dunn answered:
You can look for an agent at any time. It is never too early to develop a relationship with a professional in the area.

You can explore neighborhoods to determine what area suits your likes and needs.


Good Luck!

Gerry Dunn
Associate Broker
Licensed in Maryland, Virginia and D.C. - 28 Years

Gerry@MyPotomac.com
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0 votes 1 answer Share Flag
Tue Nov 23, 2010
Bob McClure answered:
good afternoon......aside from a monthly property tax and homeowner's insurance budget...the principal and interest payments on the mortgage loan are based on three things........

loan amount- interest rate & amortization...
is he offering financing to you?..does he want you to mortgage it?..need more info...
best regards...
bob mcclure-
first preferred mortgage
southfield, michigan
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0 votes 10 answers Share Flag
Thu Dec 2, 2010
Sherry Dixon answered:
Good question Matt, The assessors website for comparable sales is a good tool for a starting point but it will only compare square footage. I can search the Multiple Listing Service for you and send you information on sold properties that will help you compare condition, ameneties and will include pictures that will aloow you to make a more informed decision. Feel free to send me the addresses of any properties you are considering pruchasing and I can send you back a link. My email is Sherry@SherryDixon.com. ... more
0 votes 9 answers Share Flag
Sun Jul 4, 2010
Don Tepper answered:
Yes.

Just as you can sell your home conventionally.

In a land contract, you're agreeing to sell the property (transfer the deed) once someone has fulfilled a commitment--usually payment of a certain amount of money over a certain period of time. Once they do that, they purchase the home by (usually) getting a mortgage. Rather than the full payoff going to you, part of it will be used to pay off your existing mortgage. Just as if you were selling conventionally.

Check with a real estate lawyer for more details.

Hope that helps.
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0 votes 3 answers Share Flag
Mon Jul 30, 2012
Teri Schrieber answered:
Having grown up in Los Angeles and moving away in 1995, I'm surprised you haven't asked this question much sooner! I had the opportunity to move to Omaha as an Insurance agent for Mutual of Omaha in 1986 and at that time, the prospect of Omaha NE was enough to send me over to Prudential Insurance Company instead.

Everything is relative. In comparison to L.A. (depending on where in L.A. County you are) the same buying power will yield a much better home. The southwest has been growing tremendously. The quality of school systems also is subjective to your children's needs and your desires. Regardless, of Omaha Public Schools, Elkhorn, Millard, La Vista/Papillion or Gretna districts. Your best option would be to research the free school reports. For ease of suggestion, those can be found on my site www.Talk2Teri.com . If crime is a concern (I can relate to the L.A. frustrations) then your best source of information would be the Omaha Police statistics and/or the Douglas or Sarpy County Sheriff's Department statistics.

I would love to personally address any or all of these issues with you one-on-one. Just visit my website or email Teri@Talk2Teri.com or call my cell directly 402-689-4041. I would love to help another Los Angeles bailer!
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0 votes 2 answers Share Flag
Thu Aug 15, 2013
Ron Burkle answered:
Hi Monica,

Midtown Omaha is on the verge of an exciting community renewal with the new Midtown Crossings development. There are so many areas of Omaha with more of the"community" feel that many find to be lacking in West O.

Are you considering looking into a purchase of the new condos in midtown? I recently attended an exclusive realtor's luncheon and tour of the condo development and was very impressed with the amenities, quality of workmanship, and the customization the condos allow for. I'd be happy to take you on a tour of the condos if you are interested.

Basically though, right now would be an excellent time to buy property around Midtown Crossings, maybe between midtown crossings and the Field Club area, so you can enjoy all the amenities of the development, sans the 200k+ price tag, and lack of privacy.

I also specialize in foreclosures and investment properties and if you are looking to purchase a good investment property anywhere Omaha I would be happy to help. If you would like specific info on midtown Omaha neighborhoods, please email me at ronburkle@cox.net and I can send you some neighborhood sales info.

Thanks,
Ron Burkle
Prudential Ambassador Real Estate
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0 votes 2 answers Share Flag
Mon Jun 10, 2013
Dave Griswold/ Lisa Payne-Griswold answered:
Hi Monica,
If the seller did not fill out a sellers disclosure
If you didn't do a Home Inspection
Then I believe even in NE the standard saying is "Let the Buyer Beware"
Now if you did do a home inspection or the Seller did a disclosure and didnt mention it.
I'd assume that you'd be entitied to either having the seller make repairs,or credit given.
In addition remember the seller doesn't have to sell and you don't have to buy.,
Sorry to say the above but better straight up than a whole lot of mixed signal writing.
Also if your getting the property at a good price think about what you want to do and if you really want this property.
You also don't say weather or not you've already purchased the home? If you have and you did a home inspection I'd look towards your home inspector.
I hope all works out for the best
take care
U R Home Realty
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0 votes 16 answers Share Flag
Wed Feb 17, 2010
Courtney Cooper answered:
In Seattle we aren't as concerned about tak value vs market value. They are just two very different things and your agent should be able effectively market the difference in price to prospective buyers. Asking the county to raise your value will also raise your taxes and we just don't usually try to do that. A savvy buyer will see the improvements you have made - especially if they are noted in the marketing remarks, ... more
0 votes 10 answers Share Flag
Fri Nov 1, 2013
Eileen Schultz answered:
Stan,
I have prepared a market analysis for you and can e-mail it to you. Please send me your e-mail address at eschultz@paomaha.com and I will forward the market analysis to you.
Eileen Schultz
Associate Broker
Prudential Ambassador Real Estate
402-669-5607
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0 votes 9 answers Share Flag
Thu Mar 4, 2010
Krista Wach answered:
Hi Brianne,

Is the house already sold? If so, then don't worry about it, it didn't affect your sale.

However, if you are still in escrow, then it's a different story....Did the appraisal come in lower than the buyer's purchase price?

If the appraisal came in at the purchase price or above, don't waste your time trying to get it re-appraised. The bank just wants to make sure they are not loaning money on a home that's valued below the purchase price. Most of the time (In my experience) appraisers come in at the purchase price, even if the property could easily appraise for 10k more.

If you really think the appraisal will affect the sale of your home, then ask your agent for a second evaluation.

Good Luck!
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0 votes 5 answers Share Flag
Mon Nov 16, 2009
answered:
Hi, Brianne

You can do 1 or 2 things:
1.) Inform the appraiser of your improvements and your neighborhood's rising value and see if both will make a difference in your own home's value. If so, he/she can update their appraisal accordingly upon by pulling new comps and coming back out to your home for a reinspection. They may charge an additional fee to do so however.

2.) FHA appraisal are good for 6 months. Afterwards, another one can be done. Given the appraisal is 4 months old already, and depending on your improvements and if your neighborhood continues to rise in value, you may just want to wait and order a new one in the hope of getting an even greater value. But this market is unpredictable at best, and you could get hit with a couple of short sales in your neighborhood in the interim as well. Food for thought and I hope this helps.
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0 votes 3 answers Share Flag
Mon Nov 16, 2009
Richard Lecinski answered:
If the appraisal has been done its done and you most likely have already paid for it. It really means nothing at this time if you are not going ahead with the refi.
0 votes 5 answers Share Flag
Fri Nov 6, 2009
Dean Uhing answered:
Market is very strong for homes in good condition, well-staged, below the $250,000 price range.
I'm sensing a slow return of the new custom home building.
The extension and expansion of the tax credit should help.
Dean Uhing
Prudential Ambassador Real Estate
402-709-0727
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0 votes 2 answers Share Flag
Wed Nov 18, 2009
Sherry Dixon answered:
Yes Brian, that does need to be disclosed. The best thing for a seller to do is to provide receipts for the remediation along with any receipts that show whatever was done to remedy the source of the water that caused the mold.
Sherry Dixon
Prudential Ambassador Real Estate
402-706-9949
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0 votes 6 answers Share Flag
Tue Nov 17, 2009
Sherry Dixon answered:
There isn't any information on this project through the Multiple Listing Service and the Omaha Area Board of Realtors. The sign has been up for over a year and so far nothing has happened with it. Are you looking for condo developments out West..there are a few ongoing,some even into resales.
Please let me know if I can get you any other information.
Sherry Dixon . Prudential Ambassador Real Estate 706-9949. Sherry@SherryDixon.com
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0 votes 5 answers Share Flag
Thu Sep 13, 2012
Matthew O'Shea answered:
Emily,

My name is Matt O'Shea, and I am a Realtor operating in Omaha, Lincoln, and surrounding areas. I woud love to further discuss with you the opportunities of investing in the the Twin Towers condo regime. Unfortunatley there is not enough room here to discuss the variables that need to be discussed regarding your question. Please feel comfortable contcting me personally so that I may go over the investment oppotunity, and answer all of your questions regarding this topic.

Matt O'Shea
osheamatt@palincoln.com
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0 votes 5 answers Share Flag
Thu Dec 2, 2010
Keith Manson- Metro Milwaukee Wisconsin answered:
The ability to change realtors will depend on what type of agreement you signed with them. It will also depend on what type of agreement you signed ( a listing agreement or a buyers agentcy) there should be an exiration date on agreement. If the date of the expiration has come the agreement is null than void. However, make sure you read the agreement, because of any efforts the agent may have made that either was a procuring cause in a buyer buying the listed property or buying a property that the buyer agent showed you.

Banks never do anything in writing but may force you to do a counter on your side in writing.



Keith Manson
First Weber Group
Certified Distressed Property Expert
Greenfield,Wisconsin
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0 votes 4 answers Share Flag
Thu Mar 4, 2010
Angela answered:
I know there is a house for sale near me (Saron, WI) that is owned by Larry the Cable guy and it says so right in the listing. Sear Sarona, WI lake homes and you will find it
0 votes 7 answers Share Flag
Thu Sep 17, 2009
D N answered:
565 S. 36th St. is listed for $174,500. I provided a link for you to view the property below. Hope this helps.

Dan Nord
CBSHome Real Estate
Phone: (402) 408-6488
Email: OmahaRealEstateInfo@gmail.com
Visit: www.OmahaRealEstateInfo.com
To search ALL Omaha Homes For Sale,
For a FREE Home Evaluation,
To see Featured Listings,
For Buyer & Seller Tips
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0 votes 1 answer Share Flag
Mon Jul 6, 2009
Martin Macisso answered:
I doubt it because the curreny listing is typically after a recent BPO(Broker Price Opinion) and these are updated often. The foreclosure lender is looking to get full listed value, I would just ask the listing agent, depending on how long its been on the market, they might be willing to give you an idea if Fannie or Freddie will take a low ball. ... more
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