Postcards from the Lake

Boat Docks Soon to be Classified as Real Property

Happy News for this Lake of the Ozarks Realtor!

Effective August 28, the State of Missouri will officially classify boat docks as real property.  This is very welcomed news not only to dock owners here at the Lake of the Ozarks, but for any realtor in the area, like myself, who has struggled lately trying to get lake homes under contract to appraise.   Two of my own sales in the last 3 months were threatened with low appraisals, due to more stringent underwriting guidelines imposed by Freddie, Fannie and FHA.    This new action should go a long way to relieving those difficulties.   Hence, happy news indeed!

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Author: | July 10th, 2009

This entry was posted on Friday, July 10th, 2009 at 4:16 pm and is filed under Area Activities, Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. Missouri Lake Property | Lake Property and Houses said at July 14th, 2009 at 12:52 am

   [...] Boat Docks Soon to be Classified as Real Property | Postcards From …Happy News for this Lake of the Ozarks Realtor! Effective August 28, the State of Missouri will officially classify boat docks as real property. This is very.  read more… [...]

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