Month: October 2019

Omaha apartment buying help. Updating services, such as wiring and plumbing, is a disruptive job and will involve lifting floors and chasing out plaster walls, so it’s essential to complete the work before making any cosmetic improvements when looking at ways to add value to your home. Updating the electrics may be essential if the house has not been rewired for some years. You should be able to tell by looking by the meter if there is an old fuse box, you probably need to rewire the house and install a modern consumer unit with a RCD (residual circuit device) for safety.

Unlike other methods of selling a property, when a cash offer is accepted on a house, the sale is almost guaranteed to go ahead. By cutting out the middle man – the bank in this instance – you are taking away a great source of uncertainty as, according to research by the HomeOwners Alliance, just under a third of collapsed sales occurred as a result of the buyer’s finances not being in order. As a result, accepting a cash offer can considerably reduce the amount of stress of the financial transaction, where you may otherwise be worrying whether the seller can raise the correct funds by the completion date. “If a homeowner has found their dream property and has been given an ultimatum, for example that they have to be able to buy in the next three months – they may ask for cash buyers for their existing property to make sure the process goes quickly, and they don’t lose the property they want to purchase.”

But all of these home value increasing options cost time and money. Maybe you want to move on with your life? There are real estate companies that are specialized in buying houses as they are, at a fair value, so the former owner can move on. Where you can move? Elkhorn, Nebraska, offers upscale living within a short commute of the Omaha metropolitan area. Originally founded in 1865, Elkhorn retains its proud history as a small farming and railroad community. The downtown area features many historic buildings, and the annual Elkhorn Days Festival brings the whole community together each summer for food, fireworks and fun. Elkhorn’s small town charm and rural atmosphere provides a welcome escape for families seeking a refuge from big-city living. Elkhorn provides all the amenities of a larger community, including outstanding schools and public services, while retaining its own unique rustic sensibility.

Hence, I’d at least advise you to get an appraisal and perform a little additional homework of your own. Look at the various listing services for comparative pricing and price adjustment records on similar area homes and time-on-the-market stats to get a better idea of what the market is bearing. While the appraiser will probably do at least 3 such comps — based on recent sales — a broader data search can further enlighten you. Buy-and-hold investors purchase homes and convert them into rental properties. Within the buy-and-hold category, you have individual investors who purchase and rent out properties for passive income. On a larger scale, there are institutional investors that purchase at a minimum 10 rental properties per year, the quintessential example being Invitation Homes, a subsidiary of Blackstone that operates in 17 markets across America. See more details at House buying in Omaha.