Posted by Shawn Simpson // August 15, 2018
When the sizzle is done, and you are ready to buy your home in Omaha, in a flash you will be asked to buy Title Insurance. Why do I need Title Insurance? First, what do we mean by “Title?” The title to a piece of property is the evidence that the owner is in lawful […]
Posted by Shawn Simpson // August 1, 2018
What Are FICO Credit Scores? RealtyBiz reported, “The FHFA was planning to update its FICO credit scores model in order to make it possible for more Americans to obtain a better credit score and begin the journey towards homeownership. “The FHFA’s existing model, which is provided by FICO, has been the subject of much debate. […]
Posted by Shawn Simpson // June 13, 2018
Fannie Mae and Freddie Mac have a new plan. The Washington Post tells us that Nebraskan employers seem willing to pay more to attract workers. Average weekly earnings have grown faster in Nebraska since 2014 than in all but two states — Delaware and Washington. Our unemployment rate is fourth-lowest in the United States over the past […]
Posted by Shawn Simpson // May 2, 2018
According to Mark Huffman, a consumer news reporter for Consumer Affairs since 2004, “This spring’s housing market is one of the toughest in memory, with rising prices coinciding with a declining number of homes for sale. So what can you do to be the best competitor? “For millennials, who tend to be purchasing their first […]
Posted by Shawn Simpson // December 13, 2017
Should I purchase a rehabbed house in Omaha? Or a fixer-upper? How much can I save buying a fixer-upper? According to Zillow, about $11,000. The real-estate service found that houses described as fixer-uppers or with phrases such as “needing TLC” were listed for about $11,000 less than their estimated market value. Nationwide, 1.6 percent of […]
Posted by Shawn Simpson // November 8, 2017
What are you hankering for when you buy a home in Omaha? Good space and great bones? You bet. Nice neighborhoods and highly rated schools? Check. But when you put all of those different factors into a grinder, there’s one thing that comes out the other side: price appreciation. Homes coming out of the grinder have appreciated tremendously. We already […]
Posted by Shawn Simpson // November 1, 2017
When Sam and Holly went out searching for mortgage information at their local bank and mortgage banks, they ran into a lot of jargon. To them that was one of the most intimidating aspects of getting a loan, is trying to sift between jargon and fact. They found there was plenty of misinformation and myth getting […]
Posted by Shawn Simpson // October 11, 2017
In today’s investment world, if you want income, interest rates are too low to generate a decent return. So let us consider an investment property in Omaha for income. To invest wisely, an investor considers real estate for income, but a good investor can prepare for surprise rental expenses. An investment property is one purchased […]
Posted by Shawn Simpson // October 4, 2017
Congratulations! You and your spouse decided the time was right to add homeowner to your CV. If you are like most first-time home buyers, you will need a lender. We have 5 credit tips to get lender approval for a traditional loan. Realize, a lender will judge you by your FICO credit score. The credit […]
Posted by Shawn Simpson // August 23, 2017
Dean Graziosi, Contributor to Huffington Post, writes about “The Rent To Value ratio. He says it is a simple calculation. It is the value of a home divided by 12 months of rent. That is the Rental Yield EXAMPLE: $175,000 value home rents for $1100/month$175,000 / $13,200 ($1,100 x 12) Rent to Value ratio or […]