If you are serious about buying Lake of the Ozarks real estate, now is the time you have been waiting for.  A perfect storm of low interest rates,  a buyer’s real estate market, and foreclosures to lower prices further have created the right time to buy real estate at the Lake of the Ozarks.   Here’s what you need to do:

• You need a qualified buyer’s agent.
• Get pre-qualified with a lender.
• Register with the best MLS search site at the Lake.
• Decide what area of the Lake is right for you.
• Decide the level of “fixing up” you are willing to do.

Buying real estate at the Lake of the Ozarks is not difficult if you follow a good plan.  By doing the 5 items present above, you will have a huge advantage over typical buyers that are wasting their time chasing print ads that have already been sold and looking at outdated real estate web sites.   I have helped people buy their Lake of the Ozarks home (and Condos) since 1995, I have worked everyday, full-time in this market ever since.   I can say without a doubt that now is the best time to buy real estate at the Lake of the Ozarks. 573-480-6420

 

 

 

 
 
 
 

Low mortgage rates, high inventory of homes, Foreclosures, now is the right time to finally buy at the Lake of the Ozarks. Call John Garrett today to get started. 573-480-6420

Of the 276 resale condos sold this year to date, through the first three quarters, the ones offered at 3.5 BAC (commission offered to a buyers agent), accounted for 185 sold units, or 67% of all condo sales.  They also sold faster, 172 DOM (days on market) versus 198 DOM for ones at 3% or less.

So there isn’t a huge discrepancy is how fast  unit sells based on commission rates, but there is a massive difference in whether or not the condo will ever sell at all!  If your unit NEVER sells then you are really not saving any money by using an agent that charges you less.  Less is NOT more in this case.  

 

When it is time to sell call John Garrett at 573-480-6420 and know you are making the informed and intelligent choice when it comes to choosing the right real estate agent at the Lake of the Ozarks.   

 

 

Lake of the Ozarks Condominiums sold in 2011, what would you guess?  Sales up or down from last year?  If you said up, you are right.  Sales increased in both # of sales, and dollar volume, while average sale price remained basically unchanged.

 

2011 produced 135 sales, 2011 produced 157 sales.  The volume increased from $22,782,910 to $26,017,834.   The sales volume was slow for spring, but has really picked up lately.  Let’s hope this indicates a strong 3rd and 4th quarter for condo sales.

Search for foreclosure condos here

Lake of the Ozarks Waterfront Homes sales show a nice gain over the same period last year.  26% is nothing to sneeze at!

June 2011 Waterfront Home Sales
Sale Price Volume $17,833,499
Avg Sale Price $349,676

June 2010 Waterfront Home Sales
Sale Price Volume $13,138,210
Avg Sale Price $285,613

It is a bump along recovery, but positive news is good news anytime you can get it.  Call John Garrett for detailed accurate pricing reports in this market.  Whether a buyer or seller, you can’t afford to use an agent that doesn’t know the market.

Where: Lake of the Ozarks, On land and in the water at Dog Days Bar & Grill, 19MM by water, 1232 Jeffries Road, Osage Beach
Lake of the Ozarks, Missouri 65049

Date: July 16, 2011
Time: 12:00 p.m.- 5:00 p.m.

Contact Name: Teresa Riley
Phone: 573-365-5382
Email: teresa.riley@marinemax.com

Dealership: United States – MarineMax Lake Ozark
Dealership Website: http://www.marinemaxmissouri.com/
Directions to event:

Always a great party!

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.