Omaha Real Estate & Omaha Homes for Sale - The Trumm Team

Omaha Real Estate Market - January, 2008

Below is a summary of the real estate market in Omaha for the month of January, 2008.

These numbers encompass all residential listings in the Great Plains Multiple Listing Service.

As you can see less than 11% of sellers that had their home on the market accepted an offer in the month of January. At this rate of sales it would take over 9 months for all the homes for sale to be sold.

Trumm Team - Alliance Real Estate, Omaha, NE

Your Home Sold within 120 Days or I will Buy It!

I would like to thank David Matney and Rob Luhrs of Alliance Real Estate for naming me Agent of the Year for the third straight year (Congratulations to Troy Trumm of Alliance Real Estate). In 2006 I sold a total of 52 homes, with 43 of them being homes that I listed. Homes listed by me sold in an average of 41 days.

I attribute my success to hard work, perseverance, and to David Matney and Rob Luhrs for providing an atmosphere that rewards success and welcomes new ideas.

I would also like to thank the humble For Sale signs. Many people take the yard sign for granted, but they do so much without a single complaint. To For Sale signs everywhere, thank you.

Trumm Team - Alliance Real Estate, Omaha, NE

Your Home Sold within 120 Days or I will Buy It!

February 27th, Internet Crusade (http://internetcrusade.com/) is doing a free technology workshop for Realtors in Omaha. Topics covered include the four essential elements of a successful website, ways to differentiate yourself from the competition, and how to leverage the power of a permanent email address.

Attendees will receive a free full-featured website and also will receive a $25 discount on receiving their e-Pro certification.

To view the schedule of seminars by Internet Crusade visit http://calendar.internetcrusade.com/index.aspx?ProspectID=14

Trumm Team - Alliance Real Estate, Omaha, NE

Omaha Homes Currently Represented

Justina Patricio with Coaching Institute will be holding a free technology seminar Wednesday, February 20, 2008 from 9:30 am to 12:30 pm in Omaha. Complimentary lunch is included.

Some topics covered include: How to track every lead, Never miss an appointment, Work both sides of the transaction, Harness a 7 year follow up plan, Enjoy a successful FSBO program that works, Use the Show Me marketing plan, Put web generated leads to work.

To register send an email to email@coaching-institute.com.

Trumm Team - Alliance Real Estate, Omaha, NE

Omaha Homes Currently Represented

One of the most important factors, if not the key factor, for a quick home sale is proper pricing. Price your home too high and you'll generate very little to no interest. Price your home below what buyers are willing to pay and the final sale price might be much less than what you could have made if the home had been properly priced from the onset.

When deciding upon a listing price, your Realtor® can advise you in making this very important decision. An experienced Realtor® will look at two primary factors when coming up with a range to price your home. These are sales in the area and market conditions.

1. Sales in the Area

Realtors® are able to research what homes have sold in your area along with their list prices and final sales prices. This research gives them an idea of what buyers might be willing to pay for your property. These statistics will not only show sales price but also how long each home was on the market before it sold, square footage and features of each home.

Your Realtor® will compare your home to others that have like features, including those with similar updates and homes that are of comparable square footage.

•¨ Comparable Homes

The first thing that must be done is establish which homes are comparable to yours. To do this your Realtors® will review the homes that have sold in your subdivision. For example if you live in Millard Heights it would not be reasonable to compare your home to Millard Highlands. Even the though the two subdivisions are close together they include homes of entirely different styles, sizes, and quality. From there the homes will be narrowed down by the type of floor plan (split entry, tri-level, etc.). Then filtering the homes based on the number of bedrooms, bathrooms, garage spaces, and square footage will yield the most comparable properties.

•¨ Comparable Condition and Features

When looking at the pricing on homes which are your direct competition, it is important to make sure your home is compared to others with similar features. For older homes it is important to examine the condition and updates of the subject property in comparison to surrounding properties. In some areas of Omaha, such as Country Club and Dundee, there are many homes that have been completely updated while others have not changed since they were built. Features are also important to scrutinize. In Regency many homes have in-ground pools. Obviously it would not be good judgment to establish the price of a home without a pool by looking at the price of a home with a pool.

•¨ Price Per Square Footage

The price per square footage is determined by taking the asking price and then dividing the price per the total square footage of the home. This calculation will result in a number which a Realtor® can compare to neighborhood sales. This final number is compared to other homes that have recently sold in the area, giving you and the Realtor® a certain amount of confidence that this price per square foot is a reasonable number.

2. Market Conditions

Are you living in a hot real estate market? Or are you living in an area where sales are slow? Market conditions are affected by unemployment and the overall economy. Even within a neighborhood the market is affected by the number of foreclosures in the subdivision, the number of rental properties, and local businesses. For example with the development of the Aksarben business district homes in the area have been in demand despite the slow overall market. Depending on your area's market conditions, you may be able to list your home for more than you think in a hot market. You may also need to list the house a bit lower than your expectations in a slow market, especially if you want to make a quick sale.

The importance of properly pricing your home cannot be underestimated. This is the time when the expertise and industry resources of a Realtor® are invaluable. If you have found a Realtor® that you trust, trust also that they know the market, together you can formulate a fair price that will get your house sold as soon as possible.

Troy Trumm - Alliance Real Estate, Omaha, NE

The Trumm Team

Homes For Sale in Omaha

Consumer Reports on Omaha Real Estate