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

Lake of the Ozarks, last year in condominiums sold, there were 28 foreclosure sales by June 24th, 2010. In the same period in 2011, there have only been 17 foreclosure condominium sales. There has been a decline in foreclosure sales and a not surprising increase in average sale price and price per square foot this year.

Now is the time to take advantage of this market, before it goes up and the deals become fewer and far between. Call John Garrett 573-480-6420

Lake of the Ozarks Condominiums sold in May were a strong dollar volume of $8,560,140. The average sale price was $174,697. That is much higher than the yearly average of $159,515.

An early preview of June sales shows fewer 2011 sales year to date, but a higher average sale price and a higher price per square foot.

Foreclosures sold in June 2011month to date were 2, the same period in 2010 there were 6 foreclosure sales. Foreclosure condos sales are definitely declining this year over last.

Lake of the Ozarks Fannie Mae listings get 3.5% closing closing costs paid for the next quarter!

I had several buyers last year take advantage of this, it really is a great program with no strings attached.

E-mail me for a current list of Fannie Mae properties.  John Garrett 573-480-6420

Condominium for Sale Lake of the Ozarks – This top floor 2/2  Cedar Glen Condominium is priced to sell now!  $114,00 for a professionally decorated top floor condo.  Call for details, John Garrett, 573-480-6420

Two absolute auction condos at the Lake of the Ozarks will sell this weekend.  One is a Harbor Towne condo with a big view.   The other is a 1 bedroom unit at the Resort at Toad Cove, now called Camden on the Lake.

If you have any interest, let me know.  It costs you nothing to have my representation, but it can cost you plenty if you aren’t armed with all the data and background you can get on these properties.    Call John Garrett with any questions at 573-480-6420.

This 4th floor 1665 square foot condo has a list of upgrades that doesn’t quit. 12’ x 24’ Garage, 14’ x 36’ Dock Slip, Two PWC Slips (Covered Side by Side/Shared Well), Upgraded ceramic tile throughout (highest grade 18” x 18” on diagonal),crown molding, upgraded cabinets, under cabinet lighting, granite counters, premium Moen bath and kitchen fixtures, granite in bathrooms, the list goes on and on. You’ll love the over sized screened-in deck that has beautiful tile and an incredible view of the Lake. Located at the 34 mile marker, this is a “must see”. Please note that Royale Palms is a different association and a different developer than Plaza Gardens.

View the listing here

The IRS wants you to be responsible for making sure anyone doing more than $600 of work gets an IRS form 1099 from you, the owner! That’s not per job over $600, that is a cumulative number for the year! You will need their name, social security # or Tax ID#, address, and the total amount you paid them for the year.

That’s great, I really needed more work, paperwork, and time to be spent on such things. The best part is this went into effect thanks to the Small Business Jobs Act of 2010 (H.R. 5297). Sounds like a great law, but was this really necessary? Won’t more people pay cash to avoid the paperwork headache? Won’t more landlords get frustrated and sell their property? Does this really help anything but the IRS?

Be aware of this, and keep good records of who you paid and how much.

You can always search here as well PARKVIEW BAY

This is the most searched category on my website, Lake Condo Guide this year.  You can search for Lake of the Ozarks Condos for sale here and if you are wanting to use different criteria, just refine the search at the top of the page.

The Lake of the Ozark Condominium market is a strong buyers market, sales have actually started to increase, and foreclosure rates are decreasing as well.  Now is the time to get a great buy and be ready for the warm weather and boating season!  Call John Garrett at 573-480-6420