Osage Beach Condo for rent at Parkview Bay at Lake of the Ozarks!  This is the best priced unit, you’ll love the decor and the best part is the convenient location.  You walk straight in off the parking lot, and the pool and boat slip and just a few steps away.  Be careful at Parkview Bay, some of the units are a long walk to the dock and pool, this building (Bldg One) is the closest to the Lake. 

Parkview Bay is a getaway and the real bonus is the view of the largest State Park in Missouri.  The boating and waverunning in this area is as safe as any condo complex at the Lake, and you are still centrally located on the water.  By car, this location is as good as it gets, just minutes to the outlet mall, waterfront dining, golf, - all the reasons you come to the Lake of the Ozarks for!

This unit is aggressively priced as a rental,  the owner would also entertain offers to purchase this unit as well.  See the VRBO page http://www.vrbo.com/130907 for booking details.  Call 573-302-2320 for more info.

http://www.bestlakebuy.com/remaxmidstates/modules/agent/agent.asp?p=text&id=2492

John Garrett

This is the power point I used for my presentation to the public for the 2nd annual real estate symposium in April 2009.  It reviewed 2008 prices in a variety of categories and price ranges.  You can access the info here and you can call me with any questions about 2009 information as the year progresses. 

John Garrett the Broker Manager of RE/MAX Lake of the Ozarks released the sales numbers through May 1st 2009 that show RE/MAX again with the top market share of 32%.  The other Bagnell Dam Association of Realtors rankings are as follows.

1. RE/MAX Lake of the Ozarks - 32%
2. Four Season Realty - 7%
3. Coldwell Banker Lake RE Group - 6%
4. Gattermeir-Davidson - 5%
5. Prudential Lake Ozark - 4%
6. Legacy at the Lake - 4%
7. Reece and Nichols - 3%
8. John Farrell - 3%
9. B and L Veatch - 3%
10. Al Elam - 2%

Number of sales for these companies:

1. RE/MAX Lake of the Ozarks -129
2. Four Seasons - 27
3. Coldwell Banker Lake RE - 17
4. Gattermeir -Davidson - 21
5. Prudential Lake Ozark - 19
6. Legacy at the Lake - 21
7. Reece and Nichols - 14
8. John Farrell - 15
9. B and L Veatch - 17
10. Al Elam - 10

These are tough times for the real estate industry at the Lake of the Ozarks.   If you are serious about buying or selling, go with the market leader.  Experience and knowledge count, and RE/MAX Lake of the Ozarks is the smart choice.

The numbers are sobering.  If you are a buyer, there’s no reason not to cash in on this opportunity RIGHT NOW!   If you must sell in this market, you need to get with a knowledgeable agent that will tell you the truth about pricing to sell, because the buyer’s know these numbers and are making offers off of them.   

Avila at the Lodge of the Four Seasons

Update:  The developers are offering a sale leaseback of two years for anyone that buys a condominium and agrees to their program.  The owner receives between $1450 to $1950 per month in return for rental control of their unit.  The owner pays ZERO assessments or personal fees such as utilities and insurance for two years.   Owner’s usage is 14 days.  The owner only pays RE taxes (low in Missouri) and the annual fee of $850 for deep cleaning and maintenance. 

The tough part of real estate investing is always the management, especially from a distance.  I refer to this as the terrible T’s - trash, termites, toilets, and tenants!  A product such as Avila eliminates these headaches because the management is handled by another party that allows you to not worry about it.  With the two year guaranty, you really have to feel pretty good knowing what your balance sheet will look like. 

If this is of interest to you, don’t hesitate to call 573-302-2320 or e-mail for more info.  I would recommend representation from a qualified buyer’s broker on this purchase.      

Avial at the Lodge

UPDATED  NEWS ON LEASEBACK PROGRAM!

These luxury two bedroom two bath units are fully furnished resort rental style and include maid service (sweeeeet), five restaurants, lounges and bars, two championship golf courses, and most have a great Lake of the Ozarks view.  Some standard features include schrock cabinetry with granite countertops, granite vanity tops,  gas fireplace, two private balconies, recessed flat panel TVs, jetted tubs, basically everything you expect in a luxury condominium.  One bonus is the rental program that should really do rather well thanks to the golf packages and conventions that come to the Lodge.  The Lodge is tearing down some older rooms and will need this inventory to meet demand for the next few years.

Financing is available, so disregard the talk you hear about lack of financing for these types of products.  You will need an experienced agent to represent you in this transaction, the sales people on site of course work for the developer.  Call or e-mail for information packages.   

Ouch,condos sales are hurting, bad news if you are a seller, great time to buy if you are able.  Let’s face it, if you have a good credit score, steady income, and a plan to live in this area so you enjoy a Lake condo, you are crazy not to buy at these prices and interest rates.  Let’s look at these numbers by percentage.

$1 - $49,999                       0.00%

$50,000 - $59,999               1.56%

$60,000 - $69,999               1.56%

$70,000 - $79,999               3.13%

$80,000 - $89,999               4.69%

$90,000 - $99,999               0.00%

$100,000 - $119,999            7.81%

$120,000 - $139,999            9.38%

$140,000 - $159,999            18.75%

$160,000 - $179,999            14.06%

$180,000 - $199,999            6.25%

$200,000 - $249,999            20.31%

$250,000 - $299,999            9.38%

$300,000 - $349,999            1.56%

$350,000 - $399,999            0.00%

$400,000 - $499,999            1.56%

$500,000 - $599,999            0.00%

$600,000 - $699,999            0.00%

$700,000 - $799,999            0.00%

$800,000 - $899,999            0.00%

$900,000 - $999,999            0.00%

$1,000,000 - and over          0.00%

Current Year Total 14

Prior Year Total 24 % Change -42%

Change from Year before:

Jan -42%  Feb -37% Mar -58%

It is the smart time to buy!   Call John and utilize his 15 yeas of condo selling expereince at the Lake of the Ozarks.

You’ll hear how bad it is, but know that real estate is being bought and sold, and buyers are getting lifetime deals with the seller concessions and low interest rates.   Here is a year to date breakdown of what is selling by percentage at the Lake of the Ozarks. 

$1 - $49,999                     11.00%

$50,000 - $59,999              3.00%

$60,000 - $69,999              3.50%

$70,000 - $79,999              4.50%

$80,000 - $89,999              6.00%

$90,000 - $99,999              1.50%

$100,000 - $119,999           9.00%

$120,000 - $139,999           6.50%

$140,000 - $159,999           8.00%

$160,000 - $179,999           6.50%

$180,000 - $199,999           4.50%

$200,000 - $249,999           14.00%

$250,000 - $299,999           11.00%

$300,000 - $349,999           3.00%

$350,000 - $399,999           3.00%

$400,000 - $499,999           2.50%

$500,000 - $599,999           2.00%

$600,000 - $699,999           0.00%

$700,000 - $799,999           0.50%

$800,000 - $899,999           0.00%

$900,000 - $999,999           0.00%

$1,000,000 +                     0.00%

A short sale is when a lender will sell a property for less than the loan principal amount that is due.  Why would lender do this?  It is estimated by Alex Charfen who is an expert on distressed properties that a $200,000 home will cost the lender an average of $65,000 to up to $100,000 in expense if they have to foreclose, own, then dispose of the property. 

What cost so much?  Some expenses include seller concession, legal fees, taxes, insurance, utilities, maintenance, Interest loss, association dues and fees, closing costs, and commissions.  There can be many more, this is just a partial list.  

So a lender really has an interest in selling a property rather than foreclosing on it.  That said, the process of selling short, and buying a short sale is a slippery slope and you need someone with experience in this situation.  If you need help either selling short or buying a short sale, call John Garrett today at 573-302-2320.