If you are military and considering a move to Bellvue, you may know about the PCS Movers Advantage Program. You may also take advantage of the Military Alliance Bonus Program.
I have out lined the details below. Please contact me at www.topomaharealestate.com to assist with your move.
Military Alliance Bonus Program
The Military Alliance Bonus Program, offered exclusively by NP Dodge Real Estate, is designed to assist military families when purchasing or selling a home in our area.
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Thru the Military Alliance program, you receive: |
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- Up to $1,600 when buying or selling a home in our local metro area |
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· Example: |
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Property Value |
Cash Back |
Billie Atkinson, your military relocation specialist.
402-212-3373
Visit me at: www.topomaharealestate.com
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
There are times when a home has been on the market for months, of course price is important and yes taking a home down to a bargain price will get it sold. Presentation is everything. I never want to offend my Seller so try to provide the advise in the best possible way. The best advise at the start is to let them know exactly what Buyer's expect. By following a few simple rules a listing can sell quickly.
-Remove all wallpaper and make sure all rooms have fresh paint. I prefer a soft warm taupe over stark white.
-If the carpet is stained or older, replace all carpet.
-No projects. Buyer's don't want to have to go in and replace or repair items you didn't get around to doing. They want a move in condition home and may not have the cash after cloing on your home to pay for whatever needs to be done.
The next step, I bring in a staging company and we work to declutter the home. Price it right and it will sell.
If a Seller does not prepare the home and stage it to sale, I guarantee that won't like the final price the property sells for. Buyer's seem to run a list of "to do's" in their head and times the dollar amount by 3, subtract from the listing price, factor in a reduction and then come up with a price for a home. If a Buyer needs to have a project list, they want to be well compensated for buying the home.
Visit me at topomaharealestate.com
Billie
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In Omaha one of the top appraisla companies, Mitchell & Associated publishes a quarterly report with their view of the current real estate market trends in the area.
Very interesting for not only Omaha area Realtors but also consumers. Interested in more information ? I always enjoy talking about Omaha !
If you would like a copy of the report, please email me.
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SID |
Once the sudivision debt of the SID is paid down, it would not be uncommon for Omaha to incorporate the neighborhood into the city for the additional tax revenue.
Interested in more information about your neighborhood ? contact me at topomaharealestate.com
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Explanation of a Sanitary Improvement District A Sanitary and Improvement District ("SID") is a municipal corporation, much like a small city or village, formed pursuant to Nebraska statutes to aid the development of land parcels outside cities. A SID does not have police powers and its primary function is to install and maintain public streets, sewers, utilities and recreation areas. A SID ceases to exist when its land parcel becomes annexed by city. In many land developments, a developer borrows money from a bank to construct sewers, streets, common grounds and other amenities and to finance the short-term expenses of operation. The developer recovers these costs by including them in the price of the lots. Through a SID, the developer arranges financing through the sale of municipal warrants and bonds for the construction of improvements and for SID's operations. The cost of the improvements and operations is repaid by principal and interest payments on the bonds and warrants; these payments are funded over a number of years by tax dollars, the payment of special assessments levied for the infrastructure improvements collected from the owners within the SID, and reimbursements from other sources. The SID Board A five-member board governs a SID. The board is responsible for the construction and maintenance of the public improvements and for planning and maintaining the financial well-being of the SID, including setting its tax rate. It makes no laws or ordinances. The property owners within the SID elect board members once every two years. Each lot casts one vote. The board members choose a Chairman and a Clerk. The Board makes decisions using the advice of experienced legal, accounting, brokerage and engineering professionals. Typical Natural History Of A SID In the early years of a SID, the developer owns most of the land/lots and controls the SID Board. It is common for the developer and its designees to be members of the SID Board. During these early first development years, financial projections for the SID are proposed and then finalized. A long-term financial plan for the SID is eventually established. The plan usually estimates that about 95% of a SID's lots will be sold within 5-6 years, providing tax revenue to repay the SID debt and to maintain the public improvements. As a SID grows in age, the Developer designated board members are replaced by SID Board members who are usually homeowners because the Developer owns fewer lots and the SID residents cast most of the votes. SID elections are designed to give those persons residing within a SID an increasing voice in the affairs of the SID as it develops. If homes are built more quickly than anticipated, tax revenue may exceed projections for a number of years, and the SID is termed "doing well." When the opposite occurs, a SID is "doing poorly." Upon full development, approximately 80% or more of the tax dollars collected by a SID go for servicing the construction debt. A small amount of money not designated to pay warrant and bond principal and interest is committed to providing required operational services. The principal operational services and requirements are retaining professional advice, maintaining public improvements and grounds, and managing an emergency cash reserve fund for unexpected repairs to the SID's public improvements. Usually, a SID Board's goal is to maintain the lowest tax rate possible. A SID's best chance for making improvements requested by the homeowners requires constantly monitoring the cost of required services and properly budgeting receipts and expenditures. The County Treasurer is the Ex Office Treasurer of the SID and collects and deposits all special assessments and taxes.
SID Board meetings are open to the public. The Board members, because they are both elected officials and residents of the area, respond to the needs of the homeowners. Board members attempt to act in the best interest of all SID residents and act with the advice of their professional consultants.
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