First time home buyers need to be aware than homes under $200k in the Omaha area are no longer buyers advantage. The buyer advantage goes to the seller.
Even more expensive homes priced correctly are selling quickly. I had a $312K home that sold within 2 weeks with multiple offers and sold over asking price ! If you like the home and price, don't waste time with a low offer. Chances are others also love the home and may be willing be write a contract that day. My wonderful sellers moved to a market similar to Omaha with the exception of home prices. Their agent told them the home they lived in here in Omaha/Millard would be $500K plus in that area.
As a reminder, the lenders are dealing with new regulations which extend closing time for buyers. The day of closings under 30 days are gone. Any glitch in the paper work and your closing will be delayed.
Yes we did have months of lower priced homes which were a bargain but nothing like other areas. I admit I was envious of areas reporting 20% appreciation within a few months but now look back and would be chilled to have purchased a home for $500K and now have it worth $200K !
The Omaha area is truly The Emerald City. Low unemployment and reasonable home prices.
Billie Atkinson
Let our team simplify your move ! Top 3% of all Realtors in the greater Omaha area for 2008. Nationally recognized as a top North American Realtor.
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