Low Interest Rates and Their Effect on Our Current Market
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The media has recently been abuzz with the news of the continuation of our nationally historically low interest rates. With a current rate at 3.5%, the environment for buying a new home has never been better. Because of these low interest rates, inventory in Omaha has dropped over 30% to around 3000 homes currently listed compared to 4500 homes on the market at this time last year. Many people are taking advantage of these rates by buying new property or refinancing their existing properties, but what exactly do these low interest rates mean to you? We have the numbers.
You may hear that interest rates are extremely low, but how does this actually affect payment plans? We’ve done the math for you. Today, with the current interest rate of 3.5%, you can purchase a $150,000 home for only $1100 a month. Five or six years ago, that same $150,000 property would cost $1500 a month. That’s a $400 a month difference, which is a savings of $4800 a year. With a 30-year mortgage you can see that this difference is astronomical!
A $200,000 home at an interest rate of 3.5% figures out to be around $1450 a month, while a $300,000 property is just about $2000 a month. An easy way to figure how much your monthly payments will be is to use the “rule of $10,000.” This technique in determining buying power is for every $10,000 increased or decreased at the current rate of 3.5% your monthly payment will be affected by about $35. (This technique is used only to calculate the monthly payment; it does not take into effect the insurance or taxes paid on the property. The higher priced the property, the higher the insurance and taxes will be.)
If you are considering purchasing a property, now is a great time. With low interest rates and 3-7 months’ worth of inventory on the market, you will be able to find the perfect house for you at a great price. If you are looking to sell, now is a terrific time too. You will be able to get your house sold quickly and at the price you are looking for. If you are looking to buy or sell or have any real estate questions, give us a call at (402) 957-1116 or email us at info@OmahasElite.com. Thank you and we look forward to working with you!
Tips on Selling Your Home
If you’re in the market to sell your home, you want to sell it fast with the least amount of hassle that puts the most money in your pocket. To get you the results you want, we use four distinguishing tactics. And since 90% of buyers start their search on the Internet we make sure your home is presented in the best possible light. Here’s how.
First, we use professional photographers to take pictures of your home. The company we rely on continually invests in their equipment making sure every photo online is the best in the business.
Second, very few agents provide a state-of-the-art video tour, but we believe it makes an impact. A potential buyer can go online day or night and do a virtual walkthrough of your home. It’s a 3D view of every space your house provides and makes the buyer feel like they are in your home.
Third, staging makes the photos and video stand out. We work with a professional stager who spends approximately two hours with you going room by room, closet by closet, outlining what you need to do so your home is in the best condition possible. This step gives you, the seller, a definite edge over the competition.
Remember, when a home hits the market, the buyer is thinking about price, condition and location. It’s very important that through photos, a video and staging, we give the buyer the best experience.
Fourth, we offer an instant database of thousands of buyers who have registered on our website. We have 10 buyers’ agents working with buyers so our entire team is working with you to get your home sold as soon as possible and put the most money back in your pocket with the least amount of hassle.
If you’re considering selling your home or are in the market to buy, call us at (402) 957-1116 or visit us at omahaselite.com.
First, we use professional photographers to take pictures of your home. The company we rely on continually invests in their equipment making sure every photo online is the best in the business.
Second, very few agents provide a state-of-the-art video tour, but we believe it makes an impact. A potential buyer can go online day or night and do a virtual walkthrough of your home. It’s a 3D view of every space your house provides and makes the buyer feel like they are in your home.
Third, staging makes the photos and video stand out. We work with a professional stager who spends approximately two hours with you going room by room, closet by closet, outlining what you need to do so your home is in the best condition possible. This step gives you, the seller, a definite edge over the competition.
Remember, when a home hits the market, the buyer is thinking about price, condition and location. It’s very important that through photos, a video and staging, we give the buyer the best experience.
Fourth, we offer an instant database of thousands of buyers who have registered on our website. We have 10 buyers’ agents working with buyers so our entire team is working with you to get your home sold as soon as possible and put the most money back in your pocket with the least amount of hassle.
If you’re considering selling your home or are in the market to buy, call us at (402) 957-1116 or visit us at omahaselite.com.
Trucking Along
What a year! NP Dodge, the oldest real estate
company in the country, awarded Omaha’s Elite Real Estate Team with a
prestigious award, recognizing the group as the top-selling team in 2012. We
also set an all-time record for overall sales.
We wanted to thank all our clients, both past and present, as well as
all those who gave us referrals. To show our gratitude to our fans, we decided
to invest in a moving truck. You can use it for a day, and all you have to do
is put gas in it. Again, we thank you!
The following is a press release that features some
of our accomplishments in 2012 and outlines unique strategies we implemented in
our business to become the number one team at NP Dodge.
Jeffrey M. Cohn of Omaha’s Elite Real Estate Group Reports Record-Breaking Year for 2012
Jeffrey M. Cohn of Omaha’s Elite Real Estate Group announced this week that his team has set a new record for residential sales at NP Dodge in 2012. NP Dodge is the oldest real estate firm in the U.S., and the largest in Omaha.
OMAHA,
Nebraska, (PRWEB) March 11, 2013
Realtor
Jeffrey M. Cohn and
his team at Omaha’s Elite Real Estate Group broke the record for residential
sales in units and overall production at NP Dodge in 2012 with more than 230
sales and $38 million in volume.
Cohn is the leader of Omaha’s
Elite Real Estate Group, one
of NP Dodge’s many real estate teams working in the Omaha Metro Area. Founded
in 1855, NP Dodge is America’s oldest family-owned, full-service real estate
company.
Omaha's Elite Real Estate Group consists of a team
of 15 real estate professionals who specialize in assisting real estate buyers,
sellers, and investors. The group’s expertise extends past traditional sales
and in to categories such as short sales, REO and bank-owned properties, new
construction, property management, land and commercial real estate. Cohn says
that their aggressive marketing approach and innovation has helped the team
grow business exponentially – more than 300 percent in 12 months – making it
one of the top five ranking real estate groups in the Omaha Metro area.
Omaha’s Elite Real Estate Group also has offices in
Lincoln, Nebraska and Council Bluffs, Iowa. Cohn aims to grow the group to the
number one spot over the next few years, and at its current rate of growth it
could happen sooner than anticipated. Omaha’s Elite Real Estate Group hired 10
new buyer’s agents and three customer care staff members in 2012.
Cohn says his team has adapted cutting-edge
technology to its operations, including Smart-Drip Email and eAlerts, part of
the BoomTown online
marketing system utilizing the latest technology and strategies to generate
more qualified leads for real estate professionals.
BoomTown recently released a new “Best Fit Leads”
feature which allows team members to search their database of more than 5,000
buyers and determine which leads are the ‘best fit’ for listed homes.
“We film a state-of-the-art video tour of every
property we list, whether it’s residential or commercial, no matter what the
sale price,” Cohn says. “We bring in professional photographers, videographers
and even provide our clients with their very own stager to assist our clients
in staging their property, essentially conditioning it for sale.
“We top that all off with a complimentary moving
truck available to anyone who buys or sells with our team.”
Cohn adds that in addition to the team’s personal
and company websites, Omaha’s Elite Real Estate Group utilizes social
networking including Facebook and Twitter, YouTube, their video blog and more
than 100 websites both locally and nationally.
“We spend tens of thousands of dollars every year
on Internet marketing alone,” Cohn says. "We know that more than 90
percent of buyers go to the Internet to search properties, so we want to be
sure they see us and our listings while they’re out there.”
Omaha’s Elite Real Estate Group also offers a real
estate search app, compatible
with tablets, iPhones and smart phones, for clients and potential clients to
search for properties using a variety of different search options and filters.
The app makes it easier for anyone with a smart phone, iPhone or tablet to find
exactly what they’re looking for wherever they are.
This year, searches with these types of devices are
up 10 percent from last year, contributing to one-third of the group’s monthly
website traffic.
“We average around 40,000 visitors to our website
each month, which generates about 1,000 buyer leads,” Cohn says.
Omaha’s Elite Real Estate Group combines more than
30 years of experience,
offering a team with all the expertise necessary to
meet any real estate need. For more information, visit the Omaha’s
Elite Real Estate Group website, Email
Jeff@OmahasElite.com or call 402.957.1116.
About Jeff Cohn:
Jeff Cohn has been active in the Omaha real estate
scene since 2006. Cohn has worked with thousands of customers buying and
selling both commercial and residential properties. A native of Omaha, Cohn
earned a bachelor’s degree in Business Administration Education from the
University of Nebraska, Omaha. Throughout his career he has excelled as a
leader in the industry and has consistently earned the Million Dollar Producer
designation every year since 2006.
~
If you know of anyone who wants to buy or sell a
home, let them know we have a complimentary moving truck ready for them. Give
us a call at 402.957.1116 or email us at Jeff@OmahasElite.com.
Four Easy Steps to Owning a Home in Today's Marketplace
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If you are following the real estate market, chances are you already know that interest rates are at their all-time historic lows and they continue to hover at these amazing levels! When you combine other factors such as motivated sellers and affordable prices – not to mention the huge disparity between renting versus owning right now – it’s a GREAT time to buy. Here are four key steps to prepare for purchasing your home that will make your experience enjoyable, smooth and hassle-free.
Decide What You Can
Afford Each Month
Once
you do a monthly budget and determine how much you would like to spend on a
house payment every month, you will better be able to understand whether this
is right for you. Many people quickly find that they are paying more for rent.
Obtain Loan
Preapproval From Your Bank
Whether
you choose to work with a local bank or a national lending institution, the
process will entail you giving them your financial information and them
determining an amount they are willing to loan you. This will depend on many
factors such as your credit score and history plus your debt-to-income ratio.
They will also walk you through the entire financing process.
Save Money for a
Down Payment on Your Home
Many
people falsely believe that they will need 20% of their home’s price to put down
on the purchase. The truth is that there are several products allowing buyers
much more financial flexibility. The standard FHA loans typically call for 3.5%
down while other programs also exist for qualified buyers such as the VA loan
where you can put zero money down.
Meet With a Good
Realtor®
The
final, and perhaps the most important, step is to meet with a Realtor® that you
can trust. They should be experienced, have plenty of client testimonials and
they should be someone you feel you can connect with. They will help you find
the perfect home, located in the right place and at a price you can afford.
~
We
invite you to visit our premier website OmahasElite.com or email us at info@omahaselite.com. We look forward to helping make
your real estate dreams become a reality!
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