Lake of the Ozarks Common Closing Costs for Buyers

When you buy a house at the Lake of the Ozarks, you’ll be glad to know that Missouri is one of the lowest closing costs state in the US. This along with low interest rates and great seller concessions make it an ideal time to buy at the Lake.

You’ll likely be responsible for a variety of fees and expenses that you and the seller will have to pay at the time of closing. Your lender must provide a good-faith estimate of all settlement costs. The title company or other entity conducting the closing will tell you the required amount for:

• Down payment
• Loan origination
• Points, or loan discount fees, which you pay to receive a lower interest rate
• Home inspection
• Appraisal
• Credit report
• Private mortgage insurance premium
• Insurance escrow for homeowner’s insurance, if being paid as part of the mortgage
• Property tax escrow, if being paid as part of the mortgage. Lenders keep funds for taxes and insurance in escrow accounts as they are paid with the mortgage, then pay the insurance or taxes for you.
• Deed recording
• Title insurance policy premiums
• Land survey
• Notary fees
• Prorations for your share of costs, such as utility bills and property taxes

A Note about Prorations: Because such costs are usually paid on either a monthly or yearly basis, you might have to pay a bill for services used by the sellers before they moved. Proration is a way for the sellers to pay you back or for you to pay them for bills they may have paid in advance. For example, the gas company usually sends a bill each month for the gas used during the previous month. But assume you buy the home on the 6^th of the month. You would owe the gas company for only the days from the 6^th to the end for the month. The seller would owe for the first five days. The bill would be prorated for the number of days in the month, and then each person would be responsible for the days of his or her ownership.  Call John Garrett Prudential Lake Ozark Realty at 573-480-6420 with any questions. 

If searching the Lake of the Ozarks area for foreclosures, you’ll notice in the MLS comments a line that reads “This is a Fannie Mae HomePath property you can purchase for as little as 3% down.”

Sounds great, right? The problem is that it must be your primary residence to qualify for this low down payment option. The good news is you can buy with as little as 10% down, IF you use the right lender.

John Garrett is an expert on getting these kind of deals done. Call him to get started today, having your financing in order makes all the difference, especially in these challenging times. 573-480-6420

Currently for sale in Parkview Bay

John Garrett Sold another Parkview Bay Condominium in Osage Beach Missouri. The offer was for cash and closed in 14 days!

Parkview Bay has always been one of my favorite condominium projects, whether renting or buying you cannot go wrong with that awesome location and the big view of the State Park. If you need any additional information on Parkview Bay Condominiums in Osage Beach, do not hesitate to give me a call at 573-480-6420.

Parkview Bay Driving Directions

Parkview Bay Condo for Rent

From US Hwy 54 in Osage Beach, if you are coming from the West or North (technically Hwy 54 is an East/West Hwy, but through Osage Beach it runs almost straight North/South).  It is past the Outlet Mall, Happy Fisherman, Golden Door motel, and Big O tires from the North, it is the last stoplight intersection before you get to the Grand Glaize Bridge.  If you cross the bridge, you have gone too far.   Turn left at the intersection on Passover Road.

From the South, you simply cross the Bridge and turn right at the next Light on Passover road.

Stay on Passover Road and go straight at the 4 way stop sign.  Go about ¼ mile and look for a large stone and granite sign that reads PARKVIEW BAY on your left and turn into entrance.

The Towers units are to your right, the Parkview Bay Condos are to the left.  For the rental unit from VRBO, go down the hill until you must go left or right, go left towards Building One.  The unit is unit #123 and is a walk-in unit.  Call John Garrett with any questions, 573-480-6420.

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

Parkview Bay

Wow, this 3 bedroom 1 level unit shows like the day it was built! Fully furnished and decorated very nicely, you will be able to move right in and enjoy this condo the second you close the deal! You have a screened in porch, fireplace, 30′ slip, a 10k polylift hoist, ceramic tile, and the dock is right in front of the unit! There are 2 pwc slips w/ hoist available for a very affordable price. Of course, the wonderful state park view will never change! Take the elevator to the lower level and roll your cooler all the way to the boat, no steps! This building has a very nice green area in front of it and is at the end of a dead end drive for little to no traffic.

The Towers at Parkview Bay are Osage Beach’s premier luxury condo complex, located across from the largest State Park in Missouri, so your view never changes.  You have three floorplans available, and many interesting and unique features including a central propane system for your fireplace and gas grills, assigned covered parking, not a dark dimly lit underground garage, but a raised parking area where guest can park up top.  Two elevators, excellent concrete docks, 30 and 40 foot slips available, internet /cable, water and sewer from the City of Osage Beach.  The indoor pool, hot tub, weightroom, and sauna extend your use of the unit into the winter, and the outdoor pool may be the largest of any at a lake condo project.

The Towers at Parkview Bay are located close to where the new Chateau Lake of the Ozarks will be built.  The Towers at Parkview Bay have always been an excellent rental project, and the overflow conference business from The Chateau will only increase this. 

If you have any questions about the Towers at Parkview Bay, call John at 573-302-2320.

Parkview Bay

Wow, walk-in unit at Parkview Bay! This is the closest building to the water in Parkview Bay, and the view of Missouri’s largest State Park is awesome! Professionally decorated interior with a large kitchen, fireplace, 3 TV sets, and all the furnishings you need. You’ll be eating many meals on the large screened-in porch, while enjoying the sights and sounds of the lake! If you are looking for some rental income to help offset the cost of owning, this is exactly what the renters are asking for! No steps, a dock slip right in front of the unit where you can see the boat, screend porch, and close but not to close to the pool.   Two bedrooms and two full baths,  this will be the next Parkview Bay two bedroom unit to sell, if you are interested, call John Garrett today at 573-302-2320.   

UPDATE: Price reduced to $179,900! Call now!
The most popular floor plan in the highly sought after Parkview Bay. This unit has a short walk from parking and a shorter walk to the pool and 30′ slip – you are right on the water! You have a great view of the State Park from your lakefront porch, and the living room is all tile with a warm, inviting fireplace. You’ll enjoy the full sized laundry room, large kitchen with eat-in bar, and separate dining area. Parkview Bay is considered one of the best locations by both land and by water because it is so central to the rest of the Lake of the Ozarks. Three outdoor pools mean you’ll always have a pool that is not too crowded, even on the busy weekends. PWC slips available. This has been a great rental property.

Two bedrooms, two baths under $200,000! Call John Garrett at 888-322-1802 or 573-480-6420.

Osage Beach Condominium The Towers at Parkview Bay – Simply The Best is found at this wedge – 8th floor unit offering 2470 square feet. Extensive upgrades throughout, please print feature sheet. Open living w/numerous areas to entertain in a complete turn key unit, perfect for corporate retreats, full time or part time living. All decor and furnishings to covey. Two full master suites, 2 fireplaces, screened deck, 14×40 slip and 2 PWCs, reserved parking, even better then home. Beautiful view of the State Park. Indoor/outdoor pool, hot tub and exercise room. No other like it at the lake! Call 888-322-1802 and ask for John.