Top Questions We Receive About Buying and Selling Houses in Omaha or Council Bluffs

Our Top Questions We Receive About Buying and Selling Houses in Omaha or Council Bluffs
Homes By Chris Harter Your Local Omaha and Council Bluffs Real Estate Agent Call: 402-378-9462 or www.homesbychrisharter.com

Need help selling your houses fast in Omaha or Council Bluffs? The housing market can be confusing to people, especially those who don’t have much experience with real estate. Here are the top questions our professionals receive about buying and selling your houses in Council Bluffs or Omaha.

What Is the First Step in the Process?

This is a very common question. Many people want to just jump right in and start touring homes or pricing out other homes in the area.

If you’re buying a home, the first step you need to take is to get pre-approved for a mortgage. This is especially true in a tight market, where sellers will want to see proof that you’re serious about their home, and some local real estate agents in Omaha or Council Bluffs may not even show you homes without knowing you’re pre-approved for financing.

If you’re selling, finding a local real estate agent in Council Bluffs or Omaha experienced in selling your houses fast in Omaha or Council Bluffs should be your first step.

In hiring a local professional Omaha and Council Bluffs realtor, you can get all the guidance you’ll need – when to list, what steps to take to clean and improve your home, how much to price it for, and more – going through the process.

How Long Does It Take?

Oh, this is quite a loaded question and one we hear a lot.

From start to finish, buying a house in Omaha or Council Bluffs can take about 10 to 12 weeks. Sometimes the process moves more quickly and sometimes it’s slower, but planning for about three months from start to finish is typical.

When selling your houses fast in Council Bluffs or Omaha, there are a lot of factors that go into how quickly a property in Omaha or Council Bluffs sells. Where the house in Omaha or Council Bluffs is located, how much it’s priced for, what time of year it is, and how hot the market is all play a part.

Some houses in Omaha or Council Bluffs can get up and on the market quickly, selling in a matter of days after being listed. In other neighborhoods, a house in Council Bluffs or Omaha can sit on the market for weeks or months. The key is when selling a house fast in Omaha or Council Bluffs, to plan to be in it for the long haul and try not to get impatient.

How Much Do I Have to Pay an Agent?

A local realtor’s rate is somewhat negotiable, but typically the commission is around 7 percent. That amount is split between the home buyer’s in Omaha or Council Bluffs agent and the seller’s agent.

Technically, the home buyer in Council Bluffs or Omaha doesn’t pay your local Council Bluffs and Omaha agent at all. Instead, the money comes from the sale price of the home, with the local realtor in Omaha or Council Bluffs fees being handed over at closing.

What Kind of Credit Score Do I Need?

Most loans require a FICO score of 620 or better.

Borrowers who have higher credit scores are less risky to the lender, often making it easier for them to secure financing. However, if you have a credit score that’s lower, you may still be able to get a home loan, but you may be asked to bring more money to the table upfront, offsetting the lender’s risk.

How Much Do I Need for a Down Payment?

How much you’ll need as a down payment depends on the type of loan you take out.

For a traditional loan, you likely will want to have 20 percent of the purchase price saved up. However, there are other loan programs, such as VA loans and first-time home buyers in Omaha or Council Bluffs loans, that don’t require anything upfront.

No matter what, it’s a good idea to begin saving something for your home purchase once you decide to start the process. Even if you don’t need it all for a down payment, you have those funds to use for moving costs, upgrades, or other things you may need.

Should I Sell My Home Before Buying One?

If you’re planning to use the built-up equity on your current home as a down payment on a new home, then you’ll need to sell your home before closing on a new one.

Some homeowners, however, choose to use their current home as a rental property in Omaha or Council Bluffs once they move, or they’ve already got a down payment saved up for their new home. If you aren’t reliant on the sale of your current home to buy a new one, you can start the purchase process whenever you’re ready!

How Many Homes Should I Look at?

That number is completely up to you!

Some people spend days pouring over their computer screens, filtering through dozens of potential properties in Omaha or Council Bluffs, before coming up with a shortlist to view in person. Others, however, prefer to really get inside a bunch of properties in Council Bluffs or Omaha to get a feel for them.

The number of homes you should view depends totally upon how much time you have and how long it takes you to find the right one.

How Long Can I Take to Respond to Offers?

Typically, buyers and sellers give one another 24 hours to respond to offers and counter-offers. However, if there’s a situation that requires you to need more time to respond, make sure you’re upfront about that so the other party can be prepared.

Should I Order an Inspection?

Yes!

If you’re selling your house fast in Omaha or Council Bluffs, you may want to consider a pre-listing inspection. This home inspection will point out things, big and small, that could be problematic in your home’s sale.

While it may seem counterintuitive to get an inspection before you list your home, especially since you’re legally required to disclose major defects, it’s better to go into the process prepared. Getting this inspection out of the way early either prepares you to negotiate them during the sale process or to repair them before you list the home. In any case, it’s a good idea to get a pre-listing inspection when selling your houses fast in Omaha or Council Bluffs.

As a home buyer in Council Bluffs or Omaha, it’s always recommended to get an inspection of a property in Omaha or Council Bluffs before you purchase. In many cases, your lender will require an inspection.

Who Pays Closing Costs?

In general, when it comes to selling your houses fast in Council Bluffs or Omaha,  both parties pay some closing costs, though home buyers in Omaha or Council Bluffs usually pay more than sellers.

However, this is negotiable, and, as a home buyer in Council Bluffs or Omaha, you can negotiate to have the seller pay the closing costs in exchange for your paying a slightly higher final price.

Professional Guidance When Buying and Selling Houses in Omaha or Council Bluffs

We make it our mission to help you get the best deal when buying and selling your houses fast in Council Bluffs or Omaha, reach out to Chris and her team at 402-378-9462 or www.homesbychrisharter.com

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