Real Estate Information Archive

There's a lot of work involved in keeping a home looking clean and tidy, whether or not your house is on the Omaha market and you're preparing for showings. Particularly when you have a family, keeping your home clean can seem like a full-time job.

If you’ve ever been to someone’s house and felt like it’s always clean and you’ve wondered their secret, they probably have a few, including the following.

Stop the Marathon Cleaning Sessions

Many of us put off household chores and try to do everything at once, which makes us feel like we'll never be able to keep up. You may pile up clutter all week and then tackle it on Saturday.

That’s fine, but you could develop a negative relationship with cleaning because it’s always frustrating to tackle such a big project.

If you can make goals to clean your house a little at a time, it changes your habits and becomes a natural part of your routine rather than a once-in-a-while dreaded task.

Try focusing on things you can do right now that will make a difference over time, even if they are small. As a result, you won't feel overwhelmed. By gradually adding these small tasks to your daily routine, you'll stop thinking of them as cleaning. You'll just accept them as part of your daily routine.

Try the 20/10 Rule

The 20/10 rule is an approach that can help you stop being a marathon cleaner.

By using a timer, you train yourself to clean briefly throughout the week. For example, you can set a timer for 20 minutes. You focus on cleaning something during those 20 minutes. Then, you give yourself a 10-minute break to do whatever you want, and once that ends, return to cleaning.

Make the Beds Everyday

One of the best things you can do for yourself to feel mentally more in control of your home and your day is to make your bed every day. Make it even on the weekends or when you don’t feel like it.

Making your bed has an immediate impact. You can feel calmer knowing that at least one thing in your home is tidy, no matter what.

Put Things Away As Soon As You’re Done Using Them

Take a moment to consider how many things you use throughout the day without putting them back. Every day, we do it unconsciously. You might leave something on the countertop for now instead of putting it back in the drawer.

Clothes are another example. Instead of hanging them up, you start throwing them on the floor or your bed, so try to change that habit.

These things add up.

If you consciously promise yourself you’ll put everything back after you’re done using it, you’ll notice a difference in your home.

Do One Room At a Time

When you do clean, focus on one room at a time. It gets overwhelming to tell yourself you have to clean the entire house.

You can stay motivated and encouraged when you focus on one room at a time.

Have a Schedule

Having a schedule can help people maintain a clean home consistently. It is up to you to come up with something that works for you, but one way to do it is to separate tasks by day and do them on the same day every week.

You might dust and do laundry on Monday, and vacuum and clean bathrooms on Tuesday. You can go from there, but as you’re doing more frequent cleaning, things have less of a chance to become big messes.

Finally, aim to do a load of laundry a day. That means washing it, folding it, and putting it away. Laundry can create piles and messes all over your home if it gets out of hand, so taking control of those before they become problematic will keep floors and other areas tidier.

Maybe you come up with a routine for the load you do every day. For example, you could put a load in in the morning before leaving for the day. You put it in the dryer as soon as you get home, and you put it away before bed.

Have your home needs changed in the past year? Perhaps you’ve outgrown your present home, or need to downsize to a more suitable home. If you’re ready to make a move, let’s connect and talk about all the amazing opportunities that are available to you!

After a red-hot real estate market during the pandemic & subsequent months, rising interest rates have cooled the chaos. But does that necessarily mean bad news for buyers? Maybe not, here’s why.

When the housing market skyrocketed, many would-be homeowners found themselves in a position of being unable to buy due to tons of cash offers and bidding wars that went sky-high, most-often thousands of dollars above asking price and almost always all contingencies waived. With interest rates rising, home prices are now edging down. 

In a recent Bloomberg article (October 2022) by Teresa Ghilarducci titled “Looking to Buy a House? It’s Not the Worst Time to Buy” she states “Buying an asset when the price is falling is generally a good thing. Buying a home now when mortgage rates are high and housing prices are falling means as mortgage rates stabilize or even drop, your house value will more likely inflate than if prices were rapidly increasing and mortgage rates were increasing. Rising mortgage interest rates and a potential recession may seem like bad news, but these trends could benefit would-be home buyers by cooling demand and dropping prices further, especially if the buyers are confident, they won’t lose their jobs and income.”  She further explained “Of course, a would-be home buyer must consider other important criteria besides housing prices before buying a house. Other important decision factors include having at least 20% for a down payment; whether you will live in the property for more than five years; and whether your monthly payment will be lower than 30% of your gross income.”

Although some may feel that buying a home while inflation & interest rates are higher is less than ideal, it may be a perfect time if you can afford it. You will avoid the bidding wars that kept so many buyers out of the market previously and you can refinance when the FED lowers interest rates, which some experts predict will start happening in 2023. 

If you’re considering a home purchase, or have questions about buying in this new market, please reach out and schedule a time with us to discuss your needs, options, and homes available to you.

Nancy Heim-Berg and The Heim-Berg Team
402-677-9024

Buying your first home is likely one of the most exciting (and expensive) investments you will make in your lifetime. But before you fall in love with your perfect home, there are some things to do and questions to ask to help the process move forward smoothly and to ensure the home you choose will fit your needs and fall within budget. 

The six questions we have listed below are a great place to start! Let’s dive in:

How much can I really afford? Regardless of the mortgage your bank approves you for, it's important to take a step back and closely review your finances to ensure you can comfortably afford the payments. It’s crucial to not only consider monthly expenses, debt and current income, but also how this purchase will affect your long-term financial goals. 

What shape is my credit in? Your credit score is one factor that could disqualify you from securing a home loan. A strong FICO score is required by many banks and reflects that you have a solid history of paying off debts and therefore are a responsible borrower. In most cases home buyers with higher credit scores not only secure lower interest rates but also can usually put less money down.

How much are utilities each month? Utility costs can vary from house to house so this is a crucial question to ask when initially looking at a property. These costs are an important piece of information to calculate into your monthly expenses. 

Am I happy with the resale value of the home? While you may have every intention of staying in the home for years to come, things happen and plans change. It’s very important to consider the resale value of a home before buying it. Things such as location, price, condition of the home and nearby comps all play a factor. 

Would I be responsible for HOA fees? If the home you are eyeing is part of a neighborhood that has a homeowner’s association, you want to ask questions around the fees and what services the HOA cover. This is another important cost to factor into your budget. 

What would I owe on property taxes? Asking your real estate agent about property taxes is crucial to avoid getting blindsided by a large bill. Property taxes vary depending on location and are calculated as a percentage of a home’s worth. 

Selling your Omaha, NE home? Allow our team of professional, knowledgable and trustworthy real estate agents to go to work for you! Additionally, don't miss our "Seller Tips" page here! 

Buying a house is the largest purchase most people will make in their lifetime. And while the internet is a wonderful place to find information when it comes to home buying, there is also a lot of information out there that is misleading or downright not true. In today’s blog post we are going to be discussing four common myths about home buying - let’s dive in: 

1. The first myth that we are debunking is that you need a 20% down payment. While sometimes this is true and putting that much down can have its benefits, you don’t always need that much to buy your dream home. There are some loan programs that allow for half of that, or even less. 

2. The second myth that we are busting is that you have to be completely out of debt before you are able to own a home. Yes, that means if you are carrying student loans or other forms of debt, you could still qualify. Mortgage underwriters like to see you using and managing credit responsibly, so ensuring your payments are made on time is crucial. 

3. Piggybacking off our last myth, number three is that your credit score needs to be perfect to buy a home. Of course having a good credit score will only help you, but don’t stress if its not great. For a conventional loan approval, the minimum FICO credit score is around 620. 

4. The last myth we are exposing is that it is cheaper to rent than to own. In the short term there may be some truth to this statement, however if you plan on renting for a few years or longer, it could be in your best interest to put that money towards an asset you own. Renting is a great option for someone who moves around a lot, but if you are planning to stay in one place for a while buying can be a great option. 

Have other home buying questions and/or myths you want to discuss? Contact our experienced team today and let us help you find your perfect home in Omaha, NE! 

So you applied for a mortgage (congratulations!) and you are wondering if there are things you should avoid doing until the process is finalized. The short answer is yes, and below we have listed five things for you to review and (hopefully) avoid doing. Let’s dive in: 

1.It is so important to ensure your bills are paid on time and to not to miss any credit card and/or loan payments. Why you ask? Well when it comes to your credit score, payment history is one of the most important factors. It can really hurt you if you show late/missed payments on credit accounts. 

2. While this next one can potentially be out of your control, you don’t want to actively switch jobs during the loan-approval process. Doing so could lead to income adjustments and thus revisions to the total amount of money you are ultimately approved for. 

3. Applying for new credit is another big no-no. Knowing your credit can be pulled at any time until the loan is finalized, you want to steer clear of anything that can negatively impact your score. Opening new lines of credit can have negative impacts on your score and further debt accumulation can increase the debt-to-income ratio (which lenders don’t want to see). 

4. ​Avoid making large deposits without a paper trail as this can indicate newly borrowed money to a loan underwriter, which in turn could read as an increase to your debt-to-income ratio. Any large sum of money that is deposited should have a clear explanation. 

5. ​Steer clear of large purchases after applying for a mortgage. Doing so could either lower your savings amount if paying cash, or increase your credit utilization and debt-to-income ratio. Hold off on furniture and appliance shopping until after the mortgage is finalized.

It is no secret that the housing market is booming! If you are looking to purchase a home, chances are you are having to act quickly and are most likely up against many other buyers who are bidding for the same home. 

In today’s blog post we are going to be talking about some facts when it comes to selling your home in Omaha, NE - let’s dive in:

-With more and more families looking to purchase a home in Omaha, NE, inventory remains tight. Sellers are controlling the market and are in a better position than ever. It is not uncommon for sellers to receive competitive offers on their homes, many of which are over asking with a fast closing. 

-Mortgage rates have hit record lows over the last year, mainly due to economic uncertainty from the pandemic. How long will this last you ask? While no one can say for certain, the Federal Reserve is intending to keep interest rates low until the economy steadily improves, which is a big draw for buyers. This means that sellers can expect many eyes on their listing and interested buyers at their doors. 

-First-time homebuyers will be a crucial part of shaping the Omaha, NE real estate market in the years to come. During the pandemic, many people yearned for more space and are opting for a spacious house versus a one-bedroom rental. Millennials are tired of tight living quarters and expensive rent payments, which is why they will continue to be a large part of the real estate market moving forward. 

-While no one knows what the future holds for the real estate market, one thing that will always hold true is that local expertise will always win. Having a knowledgeable real estate agent by your side is a great way to ensure you are getting the most money for your home, no matter what the market conditions look like. 

Selling your Omaha, NE home? Allow our team of professional, knowledgable and trustworthy real estate agents to go to work for you! Additionally, don't miss our "Seller Tips" page here! 

Did you know the photos that are used in your home listing are a crucial part of the home selling process? It’s true! They can be a large factor in the amount of initial interest your listing receives, and can be a great tool to showcase your home with homebuyers out of state. Below we discuss a few tips and tricks to help ensure your images not only turn out well, but stand out from the rest. Let’s dive in: 

-Our first tip is to ensure that your home doesn’t appear too “lived in.” You want to spend some time decluttering your home to help that the images turn out clear and allow buyers can focus on the home - not your things in it.

-If you are finding you need extra space to store bulky furniture or miscellaneous items, you may want to consider renting a storage unit. It is a great way to keep your items safe and in good repair until the home sells, while also decluttering the space. 

-Staging a home is known to increase not only the amount of offers that come in, but also the price of those offers. You can either stage the home yourself or bring in a professional staging company to help ensure the home looks its best and is staged to sell. 

-You want to make sure to highlight all the natural light and/or pretty views as those features are a huge selling point for potential buyers. Make sure all your curtains are open and windows are cleaned. For a better photograph, you want to make sure all lights and lamps are turned on, inside and out, but to make sure that all ceiling fans are turned off.

-Lastly, it is important to take some time to depersonalize your home. This includes excessive family photos, refrigerator door clutter and kids toys. You want the images to showcase the home itself and not have potential buyers be distracted by the other items throughout your home. 

Are you interested in hearing what our amazing clients are saying about us? Be sure to check out the Testimonials page here!

Buying a house is likely the largest purchase an individual will make in their lifetime. It takes time to save for a downpayment, find the right real estate agent, tour potential homes and finally put an offer together. 

It is so important to be prepared when buying a house, especially first time home buyers, and make sure that you are getting the best deal you can. And as you may have guessed, that is exactly what we are going to be discussing in today’s blog post. Let's dive in: 

-One way to help ensure you are getting the best deal you can when buying a house is finding a great lender and figuring out the right mortgage for you. Taking time to shop around and finding the right fit could mean the difference of thousands of dollars over time.

-Finding a good real estate agent is another great way to ensure you are getting the best deal possible. You want to find an agent who is not only knowledgeable of the area and dedicated to helping you find your dream home, but also someone who will always keep your best interest in mind. 

-Buying a home during an off-peak time could work in your favor when trying to get the best deal. With spring and summer being peak housing sales seasons, trying your luck in the winter could get you the most bang for your buck. 

-Another way to get the best deal on a home is buying a fixer-upper. There are many homes that have a ton of potential, but lack the spark when you first walk in. A fixer-upper is a great way to increase the value of your home while also putting your personal touches on the house.

From new, modern homes to old fixer-uppers - whatever your taste let our experienced team help you find your dream home in Omaha, NE. Be sure to sign up for our listing alerts here!

Before we jump into the main topic of today’s blog post, it is important to understand exactly what a foreclosure is. A foreclosure is a property that has been seized by the bank who originally gave the owner the loan. In each mortgage contract there is what’s called a ‘lien’ on the property which allows the bank to take control of the property in the event the borrower fails to make mortgage payments. 

What are the benefits of buying a foreclosure?

-Price: One of the most undeniable benefits of purchasing a foreclosed home is that they will almost always be at a lower price point than other properties in the surrounding area. This is because the property is being sold off by the lender, who is motivated to sell quickly as they only make a profit if the home is sold. This creates an opportunity for below market purchase price.  

-Affording your dream neighborhood: A foreclosed home could be a great path to your dream neighborhood in which otherwise you wouldn’t have been able to afford.  

-Renovations: Another great benefit to a foreclosed home is the potential for renovations due to the home being priced to sell and leftover money in your budget. Is the kitchen not big enough? The powder room not to your liking? You are now able to shift the feel and look of the home to be more in line with your aesthetic taste. 

-Fewer title concerns: If you were to purchase a property from a homeowner there is a chance you may not receive a clean title (which is the legal right to own a property) due to liens on the home, backed taxes, etc. These are just a few reasons which could force the sale to be canceled. In a foreclosure the bank clears the title for you, thus eliminating these concerns.

-Loan configurations: Even though when you buy a foreclosure there might be a slightly different  buying and bidding process, you still have options when it comes to loans. As long as the home is in living condition, you can get a FHA, VA or USDA loan. 

From new, modern homes to old fixer-uppers - whatever your taste let our experienced team help you find your dream home in Omaha, NE. Be sure to sign up for our listing alerts here!

There is no denying that Omaha, NE is a hot real estate market! With that said, if you find the perfect home in the city it helps to be equipped with knowledge to help make your offer stand out from the rest. These tools may be the competitive advantage you need for sellers to accept your offer. Let’s dive into this more below: 
 
-Find a great rest estate agent that has a broad understanding of the current Omaha, NE market and who not only communicates well, but also is proactive during the entire process. Your agent will represent you and will be communicating with the listing agent to help push your offer over the finish line by inquiring on items such as timelines, seller’s goals, etc. 

-To make your offer appealing to the seller, it is best to keep your offer as simple as possible. This means fewer contingencies, making sure the offer price is reasonable and competitive, offering a quick closing, etc.

-Show that you are a serious buyer by providing the seller proof that you can afford the home. You can do this by obtaining a mortgage pre approval letter or if you are a cash buyer, you can submit proof of funds in combination with the offer.

-Lastly, you can make your offer stronger by offering to speed up the inspection time. A standard time period is around ten days, but offering to have the home inspector come out right after the contract is accepted can really make your offer stand out. 

Be sure to check back each week for more real estate and Omaha, NE community information! Also, are you following us on Facebook? If not, be sure to check us out here!