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The Jansen Team’s Spring/Summer Buying and Selling Checklist

by The Jansen Team


 

Finally, spring has come to Omaha! To go along with the warm spring days, the housing market in Omaha is really heating up. We want to make sure all of our friends and customers know that just because it’s an active market out there, that doesn’t mean you should shy away from buying. In fact, even though it’s technically a seller’s market right now in most price ranges (for more details, give us a call!), there are some great reasons to buy a home in Omaha this spring or summer.

 

Whether you’re getting ready to buy or sell, The Jansen Team has a quick and easy checklist you can use to make sure you’re setting yourself up to succeed. And remember, if you have any questions about the Omaha residential real estate market, or know someone who does, The Jansen Team is happy to help! Get in touch with us here.

 

Getting Ready to Buy?

 

Know how much home you can afford. Because inventory is so low, it’s important to be able to narrow down your options early, based on price range. The last thing you want to do is spend a lot of time looking at homes you can’t afford or are well below your price range. Knowing how much home you can afford includes considering current interest rates, whether you choose a 15 or 30 year mortgage, and how large of a down payment you can afford.

 

Check your credit score and take care of any discrepancies or errors that might exist. It’s important for you to know what kind of ground you stand on when it comes to getting a home loan. Sometimes a credit report will contain an error that you can remedy before your bank sees it and holds it against you in the terms of your loan.

 

Prepare your down payment. The vast majority of lenders will require something between 3.5-20% of the total home price. If you pay a higher amount down, you’ll likely have lower monthly payments, depending on how aggressively you want to pay the loan down.

 

Prepare an additional cushion for closing costs, renovations, and emergencies. Many first-time homebuyers make the mistake of seeing the home purchase price as a single, all-in cost figure. The truth is that there are a good deal more costs associated with purchasing a home, including closing costs, renovations, and unexpected situations that could pop up.

 

Getting Ready to Sell?

 

De-clutter and deep clean your home. You only have one chance to make a first impression and you might be surprised by what new visitors to your home will notice that you don’t. Make sure to declutter as much as possible and hiring professional cleaners never hurts!

 

Consider getting an evaluation or pre-inspection. If you want to really get ahead of the game, consider getting a pre-inspection done before the buyer has a chance to do an inspection of their own. This will give you a good idea of the condition that the vital elements of the home are in, so you can estimate how much, if any, you need to spend on large projects prior to listing. Discuss your options with the Jansen Team.

 

Decide on your asking price. Your asking price will be determined by several factors, but one of the most important is comparing properties of similar age and size that have recently sold in your area. These are called “comps” and at The Jansen Team, we have tons of experience using them paired with other relevant data to come up with the best possible asking price for your home.

Call the Jansen Team! If you’ve already gotten this far, you’re ready to call The Jansen Team and enlist the help of one of our friendly, expert agents. Whether you’re seeking the right home for you or trying to get the best possible sale price for your existing home, we have the expertise and the enthusiasm to help you get it done! Call us now at (402) 330-5954 or email info@JansenTeam.com.

 

Over the past several months, many homeowners in Douglas County have been understandably concerned about proposed hikes to their property valuation being leveled by the Douglas County Assessor, Diane Battiato. We discussed the situation in a recent blog and then followed up on developments a couple weeks later. Now, homeowners are a little bit closer to clarity.

 

The Douglas County Assessor’s Office has posted new property valuations on its website. Though these most recent numbers may still change, those changes are now out of the county assessor’s hands. After receiving pressure from unhappy homeowners and the County Board, the assessor’s office agreed to reduce the original valuations to 93% of market value (law requires they be between 92%-100% of market value).

 

The next step for homeowners is to watch the mail for your final valuation. The state’s Tax Equalization and Review Commission will review the valuations and could make an order to have the valuations increased or decreased. But, there isn’t currently any indication of which, if either, of those scenarios is most likely to play out. Final valuations must be mailed by June 1, so watch your mail around that time to know what your final valuation will be.

 

Interestingly, Battiato said that the reassessment was a direct result of so many unhappy taxpayers. In January and February, 4,700 taxpayers met with the assessor’s office to voice their complaints. So much new information was created that the office had to file for an extension to submit it to the state. This is a great example of what people can do when they join together to fix something that isn’t right!

 

Still need to check your “final proposed” property valuation for your Douglas County home? Click here. If you ever have a question about the residential real estate market in Omaha that requires an expert, feel free to get in touch with The Jansen Team! We love to help our friends and neighbors make real estate transactions as easy as possible.

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The Jansen Team
NP Dodge Real Estate
601 N. 108th Circle
Omaha NE 68154 USA
402 330 5954
Fax: 402-330-5365