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NE Avg Real Estate Commission Rate in Omaha, Nebraska

Omaha is the largest city in the state of Nebraska and the county seat of Douglas County. Omaha is located in the Midwestern United States on the Missouri River, about 10 miles (15 km) north of the mouth of the Platte River. Omaha is the anchor of the Omaha-Council Bluffs metropolitan area, which includes Council Bluffs, Iowa, across the Missouri River from Omaha. According to the 2010 census, Omaha's population was 408,958, making it the nation's 44th-largest city; this had increased to 446,970 as of a 2016 estimate. Including its suburbs, Omaha formed the 60th-largest metropolitan area in the United States in 2013, with an estimated population of 895,151 residing in eight counties. The Omaha-Council Bluffs-Fremont, Nebraska-IA Combined Statistical Area is 931,667, according to the U.S. Census Bureau's 2013 estimate. Nearly 1.3 million people reside within the Greater Omaha area, comprising a 50-mile (80 km) radius of Downtown Omaha, the city's center.

Omaha's pioneer period began in 1854, when the city was founded by speculators from neighboring Council Bluffs, Iowa. The city was founded along the Missouri River, and a crossing called Lone Tree Ferry earned the city its nickname, the "Gateway to the West". Omaha introduced this new West to the world in 1898, when it played host to the World's Fair, dubbed the Trans-Mississippi Exposition. During the 19th century, Omaha's central location in the United States spurred the city to become an important national transportation hub. Throughout the rest of the 19th century, the transportation and jobbing sectors were important in the city, along with its railroads and breweries. In the 20th century, the Omaha Stockyards, once the world's largest, and its meatpacking plants gained international prominence.

Today, Omaha is the home to the headquarters of four Fortune 500 companies: mega-conglomerate Berkshire Hathaway; one of the world's largest construction companies, Kiewit Corporation; insurance and financial firm Mutual of Omaha; and the United States' largest railroad operator, Union Pacific Corporation. Berkshire Hathaway is headed by local investor Warren Buffett, one of the richest people in the world, according to a decade's worth of Forbes Magazine rankings, some of which have ranked him as high as No. 1. Omaha is also the home to five Fortune 1000 headquarters: Green Plains Renewable Energy, TD Ameritrade, Valmont Industries, Werner Enterprises, and West Corporation. Also headquartered in Omaha are First National Bank of Omaha, the largest privately held bank in the United States; three of the nation's largest 10 architecture/engineering firms: DLR Group, HDR, Inc., and Leo A Daly; the Gallup Organization, of Gallup Poll fame; and its riverfront Gallup University. Enron began in Omaha as Northern Natural Gas in 1930, before taking over a smaller Houston company in 1985 to form InterNorth, which Kenneth Lay moved permanently to Houston, in 1987.

The modern economy of Omaha is diverse and built on skilled knowledge jobs. In 2009, Forbes identified Omaha as the nation's number one "Best Bang-For-The Buck City" and ranked it number one on "America's Fastest-Recovering Cities" list. Tourism in Omaha benefits the city's economy greatly, with the annual College World Series and Triple Crown SlumpBuster providing important revenue and the city's Henry Doorly Zoo serving as the top attraction in Nebraska as well as being named the best zoo in the world by Trip Advisor in 2014. Omaha hosted the U.S. Olympic swim trials in 2008, 2012, 2016, and will host them again in 2020.

Notable modern Omaha inventions include: the bobby pin and the "pink hair curler", at Omaha's Tip Top; Butter Brickle Ice Cream and the Reuben sandwich, conceived by a chef at the then-Blackstone Hotel on 36th and Farnam Streets; cake mix, developed by Duncan Hines, then a division of Omaha's Nebraska Consolidated Mills, the forerunner to today's ConAgra Foods; center-pivot irrigation by the Omaha company now known as Valmont Corporation; Raisin Bran, developed by Omaha's Skinner Macaroni Co.; the ski lift, in 1936, by Omaha's Union Pacific Corp; the "Top 40" radio format, pioneered by Todd Storz, scion of Omaha's Storz Brewing Co., and head of Storz Broadcasting, which was the first in the U.S. to use the "Top 40" format at Omaha's KOWH Radio; and the TV dinner, developed by Omaha's Carl Swanson Co.

 

Omaha, Nebraska Average Real Estate Agent Commission Rate Fees:

A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Omaha-Council Bluffs, NE-IA, Nebraska. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!

The national average total real estate commission in 2015 was 5.26% *

In Omaha-Council Bluffs, NE-IA, Nebraska, you will find the following real estate commissions charged*:

Typical Asking Commission: 6.0%

Competitive Commission: 5.0%-5.5%%

Very Competitive Commission: 4.5%-4.99%

The median existing single-family home price in the Midwest rose 6.6%, to $204,000, in the second quarter of 2017 compared to the the second quarter of 2016.  Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:

In the State of Nebraska, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Lincoln $178,100 9.5%
Omaha-Council Bluffs, NE-IA $180,500 6.3%
 
IMPORTANT

Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home.  In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).

In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent.  Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”.  This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client.  This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).

When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.

 

AGENTS ARE READY TO BID THEIR COMMISSION RATE TO GET YOUR LISTING

At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business.  These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm.  This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Nebraska.

 

ARE YOU BUYING IN THE SAME AREA, TOO?

Sellers who are also buying a home in the same local market have a volume discount advantage.  ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home.  Be sure to check the box that you are also buying a home locally to receive these better rates.

 

ARE YOU READY TO RECEIVE COMPETITIVE COMMISSION RATE BIDS?

Click here to see your savings in just 24 hours…

 

DEMOGRAPHICS:

As of the census of 2010, there were 408,958 people, 162,627 households, and 96,477 families residing in the city. The population density was 3,217.9 inhabitants per square mile (1,242.4/km2). There were 177,518 housing units at an average density of 1,396.8 per square mile (539.3/km2). The racial makeup of the city was 73.1% White, 13.7% African American, 0.8% Native American, 2.4% Asian, 0.1% Pacific Islander, 6.9% from other races, and 3.0% from two or more races. Hispanic or Latino people of any race were 13.1% of the population. Non-Hispanic Whites were 68.0% of the population.

There were 162,627 households of which 31.3% had children under the age of 18 living with them, 40.6% were married couples living together, 13.7% had a female householder with no husband present, 4.9% had a male householder with no wife present, and 40.7% were non-families. 32.3% of all households were made up of individuals and 9.3% had someone living alone who was 65 years of age or older. The average household size was 2.45 and the average family size was 3.14.

The median age in the city was 33.5 years. 25.1% of residents were under the age of 18; 11.4% were between the ages of 18 and 24; 27.9% were from 25 to 44; 24.4% were from 45 to 64; and 11.4% were 65 years of age or older. The gender makeup of the city was 49.2% male and 50.8% female.

 

ECONOMY:

According to USA Today, Omaha ranks eighth among the nation's 50 largest cities in both per-capita billionaires and Fortune 500 companies. With diversification in several industries, including banking, insurance, telecommunications, architecture/construction, and transportation, Omaha's economy has grown dramatically since the early 1990s. In 2001 Newsweek identified Omaha as one of the top 10 high-tech havens in the nation. Six national fiber optic networks converge in Omaha.

Omaha's most prominent businessman is Warren Buffett, nicknamed the "Oracle of Omaha", who is regularly ranked one of the richest people in the world. Four Omaha-based companies: Berkshire Hathaway, Union Pacific Railroad, Mutual of Omaha, and Kiewit Corporation, are among the Fortune 500.

Omaha is the headquarters of several other major corporations, including the Gallup Organization, TD Ameritrade, infoGROUP, Werner Enterprises, First National Bank, Gavilon and First Comp Insurance. Many large technology firms have major operations or operational headquarters in Omaha, including Bank of the West, First Data, PayPal and LinkedIn. The city is also home to three of the 30 largest architecture firms in the United States, including HDR, Inc., DLR Group, Inc., and Leo A Daly. Omaha has the fifth highest percentage of low-income African Americans in the country. In 2013, Forbes' named Omaha among its list of the Best Places for Business and Careers.

Top employers

According to the Greater Omaha Economic Development Partnership, the largest regional employers are:

# Employer # of employees
1 Offutt Air Force Base 7,500+
2 CHI Health 7,500+
3 Omaha Public Schools 5,000-7,499
4 Methodist Health System 5,000-7,499
5 Nebraska Medical Center 5,000-7,499
6 University of Nebraska Medical Center 2,500-4,999
7 First Data 2,500-4,999
8 Union Pacific 2,500-4,999
9 Hy-Vee 2,500-4,999
10 First National of Nebraska 2,500-4,999

 

*Data provided by Bankrate.com - Real Estate and Wikipedia - Omaha - Nebraska