Postcards from the Lake

Archive for the 'Real Estate News' Category

Osage Beach Scheduled to Experience Economic Growth

Chateau on the Lake of the Ozarks to Break Ground in 2011

The Lake of the Ozarks area received welcomed news this week.   It was announced that ground breaking is expected in early 2011 for the long anticipated John Q Hammond’s premier hotel and convention center.   This 12-story, 320-room project will bring millions of dollars in business to local contractors, not to mention welcomed job opportunities in all areas of hospitality.

This news, as well as recent signs that the real estate market is beginning to recover here at the lake, makes for a much more optimistic economic outlook for the area, than in recent months.

If you enjoyed this post and would like to see more as they are posted, subscribe here
to be notified of new ones by email. As always, your comments are welcomed below.

Author: | May 6th, 2010
Categories: Real Estate News, Sites and Sounds
0 Comments

Foreclosure Lists for Lake of the Ozarks

Sign up to be notified of newly-listed bank owned properties

Bargain Priced bank owned homes don’t last long.   It’s my job to know about these great deals, and my pleasure to tell you about them. Subscribe by email to be notified of Foreclosed Properties as they come on the market.

If you enjoyed this post and would like to see more as they are posted, subscribe here
to be notified of new ones by email. As always, your comments are welcomed below.

Author: | April 9th, 2010
Categories: Market Trends, Real Estate News
0 Comments

Tax Credit Ends Very Soon

Homebuyers Have until April 30 to Get a Home Under Contract

Who Qualifies?

• A tax credit of up to $8,000 is available for first-time home buyers purchasing before April 30, 2010. In cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
• A tax credit of up to $6,500 is available for repeat home buyers who have owned a home for five consecutive years out of the prior eight years. The repeat home buyer tax credit applies to houses sold before April 30, 2010. In cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
• Income limits of $125,000 for individuals and $225,000 for married couples filing jointly apply to all sales.

If you enjoyed this post and would like to see more as they are posted, subscribe here
to be notified of new ones by email. As always, your comments are welcomed below.

Author: | April 7th, 2010
Categories: Mortgage News, Real Estate News
0 Comments

Hobby and Horse Farm for Sale

Lovely Central Missouri Location

You’ll find some very happy 4-leggeds on this beautiful horse farm located between Richland and Montreal, MO – south and east of the Lake of the Ozarks.  This private 37 acre farm is completely fenced with 2 ponds, a 30×60  equipment barn, a 40×50 hay barn, a 3-x60 6-stall stable, plus a 40×80 indoor riding arena.  A lovely 3 BR 2/5Bath home with open floorplan, stone fireplace and large master bedroom makes for some comfortable living for the 2-leggeds as well! For more information watch the video tour, or call/email Melody.

If you enjoyed this post and would like to see more as they are posted, subscribe here
to be notified of new ones by email. As always, your comments are welcomed below.

Author: | March 18th, 2010
Categories: Real Estate News
0 Comments

USDA funding to end April 10

Funding for the most popular loan package for first-time homebuyers has been depleted, it was announced late last week.  No additional funding is expected unless Congress intervenes.  And given the current economic climate,  Congressional intervention seems unlikely.

This loss of funding,  along with the expected interest rate increase in April,  will make it much harder for young homebuyers to qualify for their first home.

Other than conventional financing, an option that remains available to them is FHA  – still offering  96.5% loans.  Many local banks have chosen not to offer this route of financing due to the much longer and more complicated approval process.    It remains to be seen whether or not that will change.

Still, with the credit markets opening as they have been in recent months, I look for some sort of vehicle to be put in place to fill the hole left by the departure of USDA financing.   It will be interesting to see what evolves in the coming weeks and months.

If you enjoyed this post and would like to see more as they are posted, subscribe here
to be notified of new ones by email. As always, your comments are welcomed below.

Author: | March 15th, 2010
Categories: Market Trends, Real Estate News
0 Comments

Missouri Offers Additional Homebuying Incentives

HOPE Incentive Program Now In Effect

Under the Home Ownership Purchase Enhancement (HOPE) program, eligible Missourians who purchase a family home in 2010 will receive a financial incentive equal to their first year’s property tax – of up to $1250.  This incentive is being funded by the MHDC (Missouri Housing Development Commission) to qualifying Missouri homebuyers.  This incentive will be available until the total pool of  $15 million dollars has been made exhausted.

An additional incentive  is also available to these qualified applicants who purchase a new energy-efficient home; purchase and upgrade the efficiency of an existing home; or purchase a home and an energy-efficient item.  The maximum combined incentives are capped at $1750.

View more information about the HOPE program

If you enjoyed this post and would like to see more as they are posted, subscribe here
to be notified of new ones by email. As always, your comments are welcomed below.

Author: | January 20th, 2010
Categories: Real Estate News
0 Comments

First-time homebuyer tax credit to be extended

Homeowners Wanting to Move-Up Also to Receive A Tax Credit

After passing 98-0 in the Senate, H.R. 3548 is expected to pass in the House by week’s end, and signed by the President.

In addition to extending the current $8000 tax credit for first-time homebuyers who are under contract by April 30, 2010; the bill also allows up to $6500 tax credit to buyers who have owned their existing home for at least 5 years, and who wish to buy another home as their primary residence.

This credit will be available for the purchase of primary residences under $800,000.  The credit would be phased out for individuals with annual incomes above $125,000 and for joint filers with incomes above $225,000.  The credit will be further extended for members of the military serving at least 90 days outside the country for an additional year.

This is such welcomed news for the Lake of the Ozarks region.  Even though vacation homes are exempt, this additional credit will no doubt help existing homeowners make the move they’ve long wanted to make, but couldn’t - due to the depressed market.

If you enjoyed this post and would like to see more as they are posted, subscribe here
to be notified of new ones by email. As always, your comments are welcomed below.

Author: | November 5th, 2009
Categories: Market Trends, Real Estate News
2 Comments

Camdenton Real Estate Market Report

Sales of Single Family Residences Rise For 2nd Straight Month

A snapshot taken of the market activity for Camdenton home sales in recent months gives rise to optimism.  The number of home sales in Sept and Oct show improvement over the extemely disappointing summer sales season.   Many first-time homebuyers hoping to take advantage of the $8000 tax credit currently scheduled to expire in November likely account for much of the increase.  We will all, no doubt, be watching closely to see  where the real estate market goes from here as we enter what is traditionally the slowest home-buying season in  Camdenton.

If you enjoyed this post and would like to see more as they are posted, subscribe here
to be notified of new ones by email. As always, your comments are welcomed below.

Author: | October 31st, 2009
Categories: Market Trends, Real Estate News
1 Comments

Melody Anderson Joins Lakewide Realty

Camdenton Real Estate Office Shows Big Promise  

Big changes don’t come easily to me, and the decision to leave real estate giant RE/MAX for a small, privately-owned real estate office was no exception.   (That big RE/MAX balloon had become quite the security blanket for me these past years!)  

Then one day in a middle of a meeting it struck me that fear and doubt were keeping me from making the change I really felt compelled to make.   With that realization the decision to make the change immediately followed.   And my enthusiasm has grown every day since.

Thanks to the internet and computer technologies, the selling of real estate has changed dramaticly these past 5 years.  Expensive brick and mortar, franchised real estate offices are likely to be replaced with innovative, creative and technologically advanced teams of agents with a passion for excellence and commitment to service.

That’s what we are putting together at Lakewide Realty in Camdenton, and I’m proud to be a part of it -  proud already of  what it promises to become in relatively short order.

For those of you ready to sell or to buy at the Lake of the Ozarks,  I hope you’ll give me an opportunity to show you the Lakewide difference.

 

If you enjoyed this post and would like to see more as they are posted, subscribe here
to be notified of new ones by email. As always, your comments are welcomed below.

Author: | October 26th, 2009
Categories: Area Activities, Real Estate News
0 Comments

Ike Skelton supports extending $8,000 tax credit

Congressman keeps hope alive for first-time homebuyer credit

I’ve written several Congressmen and Senators in the last few weeks, encouraging them to support an extension to the first-time homebuyer’s credit set to expire soon.   The response I received from Ike Skelton was encouraging:

 

 Dear Ms. Anderson:

             Thank you for contacting me regarding tax deductions

 for the purchase of new homes.  I appreciate hearing from you.

             In 2008, Congress enacted an optional $7500 tax credit  

for the purchase of a first home.  The credit was designed to be Read the rest of this entry »

If you enjoyed this post and would like to see more as they are posted, subscribe here
to be notified of new ones by email. As always, your comments are welcomed below.

Author: | October 16th, 2009
Categories: Real Estate News
0 Comments