Video-How To Estimate Closing Costs To Sell Your Home – Heeran Workman REMAX Platinum Realty

By Heeran Workman, MBA

Sellers all over the Omaha Metro Area are getting ready to sell their homes as the weather warms up.  My name is Heeran Workman and I’m a Realtor with eXp Realty in Omaha, NE.  Whenever I stop by a seller’s home for a private home selling consultation, seller’s have a rough idea of the closing cost items- but not quite sure.  They all easily calculate the Realtor’s cost, but they are not sure of the other closing costs.  Heeran’s Home Team specializes in listing and selling homes in Douglas and Sarpy county.   This video will cover the typical closing costs to sell a home. 

The closing costs to sell is not nearly as bad as when buyers complete a purchase of a home.  Buyers have to bring money to closing for closing costs, escrows (upfront property tax and insurance premiums), and down payment.  For the purposes of this educational blog, we will focus on the closing costs only.

Sellers estimated closing costs to sell:

·       Lien release for mortgage payoff - $20

·       Title insurance (1/2 the total amount) – Roughly $500 for a $100,000 home – then add another $140 per every $50,000 increase in sales price.

·       State documentary tax for ownership transfer - $2.25 per every $1000

·       Escrow closing fee to the title company - $300

That’s it!  Sellers have a sigh of relief when I go over the figures with them.  Keep in mind that when you sell a home, a buyer will also frequently want a home warranty insurance and their loan programs will allow them to ask the sellers to help pay for a portion of the buyer’s closing and escrow costs.  These are negotiable items.

If you’re thinking about selling your home and want us to complete a comparative market analysis of your home as well as the seller’s estimated cost sheet, please call (402) 707-7878.

If you or someone you know is looking to buy or sell a home in the next 3-6 months, please call our office to schedule a private home buying or selling consultation.  We would love to be your Omaha Metra Area’s real estate source for information.  Take care until next time!

Heeran Workman, MBA

(402) 707-7878

heeran@HeeransHomeTeam.com

http://www.HeeransHomeTeam.com

By: Heeran Workman, MBA, Realtor - eXp Realty Omaha 

Video-Winter Time Selling In Omaha, NE - Heeran Workman, MBA RE/MAX PLATINUM Realty

IT’S FREEZING!  SHOULD I SELL MY HOUSE NOW OR WAIT UNTIL SPRING?

One of the most asked questions I get this time of year is, "Should I sell my home now when it’s freezing or should I wait until spring?"  The thought of getting the house ready for showings during the cold season might seem like a daunting task.  But guess what?  Selling your home when the inventory is low may be a great strategy before the rest of the market gears up for the new selling season in the Omaha Metro Area! Heeran’s Home Team sold 20 homes for sale between November and December and we have many that are pending closing right now. 

REASONS TO SELL IN THE WINTER INSTEAD OF WAITING UNTIL SPRING

The Omaha housing market currently has a little over 5000 homes on the market right now and 33% of them are pending closing.  When the weather is warmer, it’s not uncommon to see the inventory of homes for sale in the Omaha Metro to double.

When it's cold outside, you'll have nothing but highly qualified motivated buyers in the marketplace.  When the weather is warm during spring, summer, and fall, people love going out and viewing houses-whether they are ready to buy or not.  Some are just browsing.  You'll have a combination of buyers who are serious about purchasing mixed in with people who are just looking.  The folks who are brave enough to get out there in the freezing cold weather are definitely serious buyers.  So less traffic through your home, but every showing really counts.  Buyers might be moving via a job relocation, needing to buy so that they don't have to sign another lease, or have personal reasons to buy RIGHT NOW! 

2.  The "Other" sellers have taken their homes off the market.  That's right!  Everything, especially real estate is highly affected by supply and demand.  The sellers who tried and failed to sell last spring, summer, and early fall are tired and need a break.  They are tired from getting the house cleaned for each showing, tired of people tramping through their houses with no contracts, and just plain tired of real estate.  So they decided to waiting until next spring when they have the energy again.  Winter sellers do not have to compete with as much competition.

HOW TO GET THE HOUSE READY FOR WINTER-TIME SELLING

1.  Keep the walkways and driveways cleared of ice and snow-If people can't easily get to the door, they will not want to go in.

2.  Stage the home to make it warm and inviting-For example, place a cozy throw over a chair and turn the fireplace on.  Make sure you raise the thermostat up.  If the buyers' teeth are chattering while touring the home, it's not a good thing.

3.  Try to encourage showings during daylight hours- It gets too dark, too fast.  Make sure you have lighting, especially outside lighting on so that buyers can get a good look.

4.  Nice aroma never hurts- The smell of warm cookies or cinnamon rolls bring nothing but good memories this time of year.

5.  Place a "Thank You For Removing Your Shoes" sign on your door.  Buyers and buyer's agents should use common sense to do this anyways, but they don't always do that.  Heeran's Home Team will place a sign on the door for you.

6.  Spring, summer, fall, or winter, utilize other common sense rules to get the house ready for showings - For example, no smoking inside the house, de-clutter, put away personalized photos, clean the home, kennel pets during showings, remove pet odor smell, and please have the house vacant during showings.  Buyers are not comfortable with sellers staring them down while they are trying to tour the home.

By Heeran Workman, MBA
Real Estate Agent

Phone:  (402) 707-7878

Heeran@HeeransHomeTeam.com

7 Easy Steps To Buy A Home With RE/MAX PLATINUM Realty

1. DECIDE WHAT YOU CAN AFFORD BY WORKING WITH A MORTGAGE PROFESSIONAL TO GET PRE-QUALIFIED. CALCULATE THE COSTS OF HOMEOWNERSHIP: MORTGAGE, PROPERTY TAXES, INSURANCE, MAINTENANCE AND ASSOCIATION FEES.  Click Here To Get A Free Preapproval
2. DEVELOP A WISH LIST.
3. SELECT A REALTOR® AT RE/MAX PLATINUM REALTY TO REPRESENT YOU AND ENSURE A SMOOTH HOME BUYING EXPERIENCE.
4. NOW THE MOST EXCITING PART, GO LOOK AT HOUSES!!
5. MAKE AN OFFER WHEN YOU FEEL YOU HAVE FOUND THE HOUSE THAT BEST MEETS YOUR HIGHEST PRIORITY NEEDS AND DESIRES.
   WHAT IS REQUIRED TO MAKE AN OFFER?
   A. PURCHASE AGREEMENT STATING PRICE, TERMS, AND CONDITIONS
   B. PRE-APPROVAL LETTER FROM LENDER
   C. EARNEST DEPOSIT CHECK
6. FOR YOUR PROTECTION GET A HOME INSPECTION
7. CLOSE ON YOUR NEW HOME
   WHAT ARE CLOSING COSTS?
   CLOSING COSTS ARE A COMBINATION OF ONE-TIME FEES AND PRE-PAID INSURANCE AND TAXES COLLECTED THE DAY OF CLOSING. YOUR MORTGAGE PROFESSIONAL AND REALTOR® CAN PROVIDE ESTIMATES OF THESE COSTS.

About Heeran's Home Team:Heeran's Home Team with RE/MAX PLATINUM Realty is one of Omaha, Nebraska's top real estate team helping buyers and sellers with their real estate needs. We sell a home every 2.5 days! The average agent sells less than 4 houses a year. We specializes in the Omaha Metro Area including Millard, Gretna, Bellevue, Bennington, Elkhorn, District 66, Papillion, La Vista, Ralston, and Fremont.  We have the best full-time Realtor consultants on our team!

Heeran's Home Team Profile:

• Top 1% In The Industry
• Full-Time Real Estate Entrepreneurs
• 2012 Omaha Area Board of Realtor's Top Producer's Panel Expert
• 2012 Women's Council of Realtor's Top Producer's Panel Expert

Services For Omaha Metro Area Sellers:

• 3 Commission Plans To Choose From
• Creative & Aggressive Marketing For Your Home
• Free Foreclosure Shortsale Listings
• 1% For Sale By Owner Facilitation

Services For Omaha Metro Area Buyers:

• Free 24HR Omaha Homes For Sale Market Watch
• Free Representation - Paid By Sellers
• New Construction Representation