Real Estate Information Archive

Welcome. I’m Nancy Heim-Berg, a proud Omaha resident who, with my husband Dan, raised 9 children in this great city. Over the years, I’ve seen a lot happen in Omaha. Today, while standing at the corner of North 40th and Ames Avenue, an intersection that’s been busy for over 130 years, I thought about how Omaha has transformed but kept its pioneer spirit intact. 

Over the years, Omaha has evolved from a dusty railroad - cattle town to a vibrant city that continually reinvents itself.  Omaha’s name, which is from the Native American, means “those going against the wild,” representing the rugged, tough nature of Omaha residents. The heritage of our Native Americans, Pioneers, Railroad Workers, Meat Packers, and immigrants has created a diverse, hard-working, versatile community.  I remember the historic buildings in Jobbers Canyon, and now I watch as Omaha becomes a growing real estate darling for national investors. Through an innovative blend of public and private partnerships to transform Omaha into a great plains commerce center.

But you know, somehow, between the boom of Fortune 500 Companies and the Amazing growth downtown along the Missouri River, Omaha has managed to keep adding new ingredients and continue stirring the melting pot to create something more. We watch as historic buildings are replaced, but our history can never be replaced. The meat packing industry remains, but the faces of the workers have changed from pioneers to African Americans to Mexican to Latin American immigrants. Our past meets our present in diversity to continue Omaha’s fantastic culture.  Historically, the city has benefitted from its legacy as a railroad town. Most recently, that legacy has allowed Omaha to benefit from laying communication lines along railroad property, like how we benefitted from constructing telegraph lines.  Did you know Creighton and The University of Nebraska offer degrees in advanced communications?

I’ve watched the migration of businesses from downtown to the suburbs create a westward sprawl that brought malls and the retail development of peripheral neighborhoods. We then saw movement back to downtown with major new developments like the Century Link Center, TD Ameritrade Park, the KONEKO, and the Holland Performing Arts Center. We’ve also seen Benson and Blackstone challenging the Old Market for the top dog area for Omaha Nightlife.

All these changes have also impacted neighborhoods and family living. That’s why I’ve created this new weekly series featuring the best Omaha neighborhoods and suburbs today.

Come back each week to enjoy a walk through the best neighborhoods in Omaha, presented by the Nancy Heim-Berg Team. 

For more information on local events or to chat about finding your dream home in Omaha, visit OmahaAreaLiving.com.

📞 Let's connect! Call us at 402-677-9024, and let's explore all the fun and adventure in Omaha!

Omaha, Nebraska, is a vibrant city with a modern economy and the headquarters of multiple Fortune 500 companies. So many areas continue to grow in our great city, which means stable long term real estate investment. Growth continues for the economy, population, and real estate. In the past, Forb's magazine named Omaha the Best Bang for the Buck City, where housing and the cost of living are at down-to-earth levels.

 I know we’ve seen Omaha housing prices increase since then, but the same is true across the nation. Compared to much of the nation, Omaha is still the best bang for your buck for affordable real estate investment. Our friendly people, welcoming communities, and economic growth still attract families and investors seeking these affordable housing opportunities.

I’ve recently looked more deeply into affordable Omaha real estate and our latest Market Trends, and I share my findings here.  As we head into 2025, let's review 2024 market conditions. While this past year's economic climate has created a mixed bag for Omaha Area Real Estate, it’s exciting to see a steady demand for homes throughout the year despite fluctuating interest rates and home prices.

In 2024, Omaha experienced a 2.5% increase in home sale prices. Homes sold records show that the average home price is approximately $279,760. However, higher interest rates slowed the demand for homes in mid-2024, causing some homeowners to adjust initial listing prices to match buyers in the marketplace. These recent listing price adjustments and lower interest rates have combined to create more buyers in the marketplace as we wrap up 2024, which bodes well for the beginning of 2025!

Today's Important Market Information:

• Recent home sale prices are averaging $279,760.
• This average shows an increase of 2.5% over 2023 (Zillow).
• How competitive is today's market: (Redfin) rates the market as still" very competitive," with their scoring system ranking of 84 out of 100
• According to(Realtor.com) statistics, in August 2024, the median sale prices were approximately $285,000.

Tomorrow's Important Market Information:

The Omaha Housing Market Forecast for 2024-2025 predicts that late 2024 may introduce a slight value decrease of 0.5%. At the same time, the Federal Reserve should continue to lower interest rates. Market professionals also predict a 0.7% increase in area home prices by August 2025 (Zillow). These short-term market fluctuations and improving economic conditions mean an open opportunity window for home buyers to take advantage in the first half of 2025; energizing the market and increasing listing prices by next fall.

Omaha Housing Market Forecast

• Current Average Home Price: $279,760
• Forecast for September 2024: 0% change
• Forecast for November 2024: -0.5% change
• Forecast for August 2025: +0.7% change

It would be our pleasure to answer any questions you may have about buying or selling real estate in Omaha, NE.  Give us a call or send us an email.

(404)677-9024      [email protected]

Hey there, Omaha home seekers! If you've been keeping an eye on the real estate market with a mix of excitement and apprehension, I have some great news for you. September 2024 is set to make a big impact on the Omaha housing market, and here's why it's worth your attention.

The Interest Rate Rollercoaster

Remember when mortgage rates were climbing rapidly? Well, those days are over. As of September 2024, we're witnessing a significant drop in mortgage interest rates, and it's welcome news for every potential homebuyer.

The average 30-year fixed mortgage rate in Omaha is currently hovering around 5.5%, down from the 6.8% we saw earlier this year. This might not seem like a huge difference, but believe me, it can save you thousands over the life of your loan.

What This Means for You

Let's put it in perspective. For instance, if you're considering a $300,000 home, given the current rates, you could potentially have monthly payments that are $250-$300 lower than they would have been just a few months ago. This could cover a nice dinner or a good chunk of your utility bills each month!

However, it's not just about the monthly savings. Lower interest rates mean you can afford a larger house within your budget. That additional bedroom or the finished basement you've always wanted? They might just be within your reach now.

Why Buy Now?

You may be wondering, "Should I wait for rates to drop even further?" While it's true that no one can predict the future with 100% accuracy, most experts agree that we're in a favorable position right now. Here's why:

• Pent-up demand is increasing: Many buyers who were unable to afford homes earlier this year are now returning to the market. As demand rises, home prices may also increase.
• Inventory is still relatively low: Like many cities, Omaha is still experiencing a housing shortage. Good homes at reasonable prices are selling quickly.
• Seasonal advantage: Fall can be an excellent time to buy. There is less competition than in the spring and summer, and sellers might be more motivated.

Home Buying Tips for September 2024

If you're ready to take the plunge, here are a few tips to keep in mind:

• Get pre-approved: With rates this good, you'll want to lock in as soon as you find your dream home. Having a pre-approval letter ready to go can give you an edge in negotiations.
• Don't wait too long: While making an informed decision is important, remember that good properties are moving quickly in this market. Be ready to make your move.
• Consider your long-term plans: With rates lowering, it might make sense to evaluate your home size if you're planning on staying put for a while.
• Work with a local expert: The Omaha market has unique qualities. Having a local real estate expert on your side can make all the difference. Plus we partner with the BEST mortgage lender available, who will work with your personal situation & find the best loan package for YOU!

Your Next Steps

The stars are aligning for Omaha homebuyers this September. Lower interest rates and the seasonal advantages of fall buying create a perfect storm of opportunity. But remember, in real estate, timing is everything.

If you're ready to take advantage of these fantastic conditions, we're here to help. The Heim-Berg Team has been guiding Omaha residents through the home buying process for years, and we'd love to help you find your dream home.

Give us a call at 402-677-9024 or visit our website at www.OmahaAreaLiving.com. Let's turn this opportunity into your new home sweet home! Remember, your dream home is out there, and with these rates, it might be more attainable than you think. Happy house hunting, Omaha!

As summer begins to fade and the first hints of fall color the trees, September is the perfect time for Omaha homeowners to prepare their properties for the cooler months ahead. With Nebraska's diverse climate, taking proactive steps now can save you time, money, and headaches down the road. Let's dive into some essential home maintenance tasks for September.

HVAC System Check-up

With cooler temperatures on the horizon, now's the time to ensure your heating system is ready to keep you warm.

• Schedule a professional HVAC inspection
• Replace air filters
• Test your thermostat for accuracy
• Contemplate energy savings by upgrading to a smart thermostat.

Seal the Envelope

Keep drafts at bay and your energy bills in check by sealing your home's envelope.

• Check weatherstripping around doors and windows
• Caulk any gaps or cracks in exterior walls
• Inspect and repair any damaged siding
• Add insulation to your attic if needed

Gutter Maintenance

Omaha's fall foliage is beautiful but can wreak havoc on your homes' gutter systems.

• Clean leaves and debris from gutters and downspouts
• Check for proper drainage and repair any leaks
• Reduce future maintenance by installing gutter guards.

Roof Inspection

Before winter storms hit, make sure your roof is in top shape.

• Look for damaged, loose, or missing shingles
• Check flashing around chimneys and vents
• Trim any overhanging tree branches

Lawn and Garden Care

Prepare your home's outdoor spaces for the changing seasons.

• Aerate and fertilize your lawn for solid spring growth
• Plant spring-blooming bulbs
• Trim perennials and remove annuals
• Clean and store garden tools and outdoor furniture

Windows and Doors

Ensure your windows and doors are ready to keep the cold out.

• Clean window tracks and lubricate as needed
• Check for drafts and add weatherstripping if necessary
• Consider installing storm doors for added insulation

Fireplace and Chimney Maintenance

If you have a fireplace, now's the time to get it ready for cozy evenings.

• Schedule a professional chimney cleaning and inspection
• Check the damper for proper operation
• Stock up on firewood, storing it in a dry place

Outdoor Plumbing

Prevent frozen pipes and water damage by winterizing your outdoor plumbing.

• Drain and cover outdoor faucets
• Blow-out sprinkler systems
• Store hoses in a dry place

Safety Check

Ensure your home is safe and secure for the months ahead.

• Test smoke detectors and carbon monoxide alarms
• Replace batteries if needed
• Review and update your family's emergency plan
• Check fire extinguishers

1. Pest Prevention

As temperatures drop, pests may seek shelter in your warm home.

• Make sure to seal cracks or holes in the foundation or exterior walls
• Ensure the attic & basement are free of pests.
• Store firewood at least 20 feet from the house
•  

By tackling these September home maintenance tasks, you'll ensure your Omaha home is well-prepared for the fall and winter seasons. These steps will protect your investment and make your home more comfortable and energy-efficient in the coming months.

Remember, while many of these tasks can be DIY projects, don't hesitate to call in professionals for more complex or dangerous jobs. It's always better to be safe and do the job correctly.

If you're considering buying or selling a home in Omaha this fall, or if you have any questions about maintaining your property, don't hesitate to reach out. Your home is one of your most significant investments, and we're here to help you protect and maximize its value.

For all your Omaha real estate needs, contact The Heim-Berg Team:

• Phone: 402-677-9024
• Website: www.OmahaAreaLiving.com

Stay proactive, stay comfortable, and enjoy the beautiful fall season in Omaha!

We love the Omaha area for so many reasons. With its gorgeous location along the Mississippi River, and home to many fortune 500 companies, four bustling entertainment districts, over 200 parks, and world-class shopping and dining. But it’s the people and the neighborhoods that make the Omaha area a fantastic place to call home. With that said, we have the latest update to the Top Omaha Neighborhoods and Suburbs to call home for 2022…drum roll, please!

Top Omaha Neighborhoods:

Benson- Do you have an artsy, creative flair? Then you’ll fit right in with the Benson neighborhood. Affordable homes with lots to do in the area. Great local coffee shops, a foodie haven, and wonderful shops and schools. Search all Homes for Sale in Benson.

Old Market- Omaha’s most historic neighborhood, with beautiful cobblestone streets & entertaining nightlife. A relatively small neighborhood hosting Omaha’s famous Farmer’s Market, great shops and dining, art galleries, bars, and lots of socializing. A more expensive area, but home values are on the rise and this neighborhood has an 87% walkability rating! Search all Homes for Sale in Old Market.

Dundee- This charming neighborhood knows what community means and keeps up with its homes and neighbors. Often referred to as the golden child of the city, it is the safest neighborhood and the very home of Warren Buffet for over 60 years.  Great affordability for homes and walkable to most of your favorite places. Ahh, yes, please. Search all Homes for Sale in Dundee.

Leavenworth- A neighborhood full of lovely parks, moderately priced homes, great schools, and nightlife too!  Add to that the shops at Midland Crossing and you have the perfect neighborhood for any family. Again, if you’re looking for a great neighborhood with walkability to your favorite places, Leavenworth may be the place for you.  Search all Homes for Sale in Leavenworth.

Aksarben/Elmwood Park- Just south of Dundee, Aksarben Village is the hub of community activity and home to many upscale apartments and condos with lots of retail space, parks, and offices nearby. It is also nearby Baxter Arena, home to the many University of Nebraska at Omaha Sports Teams. Home prices here are in the $200,000.  Search all Homes for Sale in Aksarben/Elmwood Park.

Top Suburbs of Omaha to Live:

Papillion- Just south of Omaha is this tight-knit, charming community of Papillion. Boasting incredible shopping, namesake brewing, 650 acres of park space & bike trails, golf courses, recreation areas and excellent schools. This is a top-notch suburb for you and your family to call home. Search all Homes for Sale in Papillion.

Gretna- A small, beautiful community known for its parks and attractions, Gretna is an outdoor enthusiast’s dream. You’ll also love the great dining and shopping options and wonderful schools for your family to enjoy. Search all Homes for Sale in Gretna.

Chalco- This mid-sized city, along the Missouri River, is new to the list but offers a suburban charm with lots of outdoor amenities. Fishing, boating, nature trails, and home to the Chalco Hill Recreation Area. Highly rated schools that are fantastic for families and have very affordable housing options. Search all Homes for Sale in Chalco.

La Vista- Officially the youngest town in Nebraska, La Vista offers the advantages of a small town, with all the opportunities of a large city. Featuring well-kept homes on beautiful tree-lined streets, and home to many corporations boasts a wide range of home options. Amenities include 17 parks, a sports complex, swimming pool, community center, senior rec center, library, and excellent schools. Search all Homes for Sale in La Vista.

Bennington- The town of Bennington may be small, but once you’ve visited here beneath the miles of blue skies and shade of heritage trees among the quiet and beautiful surroundings, you’ll know why it’s one of our best-kept secrets! Today Bennington combines the serenity of a farming community with the culture of a more metropolitan area. You’ll enjoy great schools, access to everyday necessities, and a short drive to anything that Omaha has to offer. Search all Homes for Sale in Bennington.

What type of community and home are you searching for? Put our years of local experience and real estate knowledge to work for you. Give us a call or start your customized home search today right here.

Homeowners associations (HOA’s) can be an attractive aspect of a community or a complete dealbreaker for homebuyers. If you find yourself searching for homes with an HOA but aren’t quite sure how you feel, today’s blog post may be able to deliver some clarity. 

Before we get into pros and cons of HOA’s, let's first discuss what they are. A homeowner’s association is an organization within a neighborhood, subdivision or condominium that is in charge of creating and enforcing rules and regulations for the properties within the community. 

Pros of an HOA

-Amenities. HOA’s typically will offer and manage amenities such as pools, parks, tennis courts and community centers, all of which are assessable to community members. 

-Maintenance. HOA’s will typically handle all community maintenance including snow removal, trash pickup, landscaping and the upkeep of private roads. 

-Appearance. HOA’s oversee and ensure the community is neat at all times. This is especially nice if you are in the process of selling your home as a clean neighborhood is appealing to potential buyers. 

-Mediator. HOA’s are able to step in if a conflict were to arise with a neighbor or fellow community member. Turning issues over to the HOA is a great way to ensure the issue is resolved fairly, making it easier for both parties involved. 

Cons of an HOA 

-Cost. The cost of an HOA can vary based on property and the amenities that are provided, but an added cost nonetheless. 

-Fines. It is important to fully understand what is expected from you as a homeowner in a community with an HOA to avoid being penalized with unexpected fines and fees. 

-Rules. Some people are turned off from HOA’s because they are told what they can and can’t do with a property they own. Things such as exterior paint color, dimensions of fencing, how tall your grass can be, the number of pets you can have and type of window coverings that are visible from the street are all things HOA’s can dictate. 

Choosing the best home and neighborhood for your needs is of utmost importance to our team.  Please contact us with any questions you may have and check back to view our blog weekly for great home buying and selling tips!

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! 

If you are searching for a new home, chances are you’ve come across some properties that need some serious love, attention and renovations. And if you initially turned an eye to those homes you may be missing out on an opportunity to turn that eye sore into your dream abode. 

In today’s blog post we are going to be covering the pros and cons of purchasing a fixer upper. This information will give you an overall picture of what you are getting with an older property and allow you to examine if that route is one you want to take. Let’s dive right in!  

Pros of buying a fixer-upper:
-Customize the home to your liking. Purchasing a fixer-upper allows you the opportunity to personalize and customize the home to your specific taste and wants when doing the repairs/upgrades. 

-Your dream neighborhood. Do you have a part of town you love but the price tags don’t fit your budget? A fixer-upper may allow you to buy a home in your price range in a part of town that otherwise may have been too expensive. 

-Potentially save money on your home purchase. In some cases, what it would cost you to purchase and fix up and older home can end up being less than what it would have cost you to purchase a new house. 

-Adding value to your home. Certain home renovations, such as bathrooms and kitchens, can add value to your house. This is especially true if you purchased the property below its market value.

Cons of buying a fixer-upper:
-Time and budget. As renovations go, it is not uncommon for the project timeline to take longer than initially expected and cost more than was originally quoted. Things happen – expect the unexpected.

-Invisible repairs. While many repairs are obvious and can be seen with the naked eye, there is potential for some real work to be hiding behind the walls. Rewiring the house to accommodate modern appliance standards, for example, can leave you with a large, unexpected bill.

-Living in and financing the renovations. You will be living in a construction zone until the project is completed if you are not able to find alternative living arrangements. Additionally, you will either need to secure a home renovation loan or have cash in-hand to finance the renovations. 

-Time-consuming. Be prepared to spend time on the home renovation project, whether it’s picking out finishing’s, redesigning layouts, settling on paint colors, etc. you will be busy and consumed until things are wrapped up. 

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!