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Real Estate at the Lake with Valerie Littrell

Lake of the Ozarks events, news & real estate

Shoreline Permitting Workshop hosted by Ameren!!

Image result for Ameren Logo

Ameren is hosting a shorline permitting workshop Friday, August 18, 2017 at 1 to 3 PM at the Boonslick Regional Library, 102 E. Jackson, Warsaw, MO 65355.

Topics that will be discussed:

Permitting requirements and changes.

Docks on Common Ground.

*Electrical Safety*

And many other Shoreline management topics.

This is a great opportunity to get caught up on the new laws and safety tips, free workshop and refreshments will be provided!

For more information click HERE!

Image Source: Google Images

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

Sellers: Your Home is an Oasis in an Inventory Desert!

Sellers: Your Home is an Oasis in an Inventory Desert | MyKCM

First-time home-buyers are flocking to the real estate market by the thousands to find their dream homes in order to make their dreams of home-ownership a reality. Unfortunately for many, the inventory of starter and trade-up homes in the US has struggled to keep up with demand!

According to the National Association of Realtors (NAR), the inventory of homes for sale dropped 7.1% year-over-year to a 4.3-month supply and is down for the 25th consecutive month.

Some home-owners may be hesitant to list their homes for sale because they are worried that they will also have a problem finding a home to buy and move in to. This is a legitimate concern; no one wants to sell their home quickly and not have anywhere to live.

But there is good news! If you are thinking of moving up to a luxury or premium home, there is more inventory available in these markets and you may even get a great deal on a home that has been on the market for a while.

If you are the owner of a starter home and you are looking to move into a trade-up home, or if you are just looking to relocate to a new area in a home of the same size, there is still hope!

In many markets, home-owners are building contingency plans into their contracts. This means that the homeowner builds in extra time before they close in order to find their dream home and they are upfront about the contingency with any buyers who come to see the house.

Your home is an oasis to buyers who are searching for homes in today’s market. The right buyers will sympathize and wait for you and your family to find your next home.

Bottom Line

Don’t let the fear of not finding a home to move in to stop you from moving on with your life. Let’s get together to discuss ways to set expectations with potential buyers from the start.

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

Great Fun at the Lake!

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August has brought many changes, fun events and for some, the end of summer heralding the Fall season- but there is still much to do at the lake. The Lake of the Ozarks Shootout is later in the month and that always brings in tourists and is good for the community! There are several fun events happening all the way up to the Big Event! Check out the Mini Shootout where remote controlled mini powerboats compete for the honor of holding the title Mini Top Gun.

The Great Shootout Treasure Hunt is sure to be a blast and fun for all ages, benefiting Kids Harbor!  So even though summer seems to be winding down, we are still going strong at the Lake!

For more fun events click HERE!

Image Source: Google Images

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

Homes Are Selling Quickly Nationwide!

The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which revealed that homes were on the market for an average of 28 days in June. This is a slight increase from the 27 days reported in May, but down from 34 days reported a year ago.

54% of homes across the country were on the market for less than a month in June!

Among the 27 states with homes selling in 30 days or less are Washington, Utah, California, and Colorado. The map below was created using results from NAR’s Monthly Realtors Confidence Index Survey.

Homes Are Selling Quickly Nationwide | MyKCM

Bottom Line

Buyer demand is increasing as the inventory of homes available for sale remains low. If you are thinking about listing your home for sale this year, let’s meet up so I can help you take advantage of current market conditions!

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

Home-owner’s Net Worth Is Still Greater Than a Renter’s!!

Homeowner’s Net Worth Is Still Greater Than a Renter’s | MyKCM

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter($194,500 vs. $5,400).

The latest survey data, covering 2014-2016 will be released later this year. In the meantime, Lawrence Yun, the National Association of Realtors’ Chief Economist estimates that the gap has widened even further, to 45 times greater ($225,000 vs. $5,000)!

Put Your Housing Cost to Work for You

As we’ve said before, simply put, home-ownership is a form of ‘forced savings.’ Every time you pay your mortgage, you are contributing to your net worth. Every time you pay your rent, you are contributing to your landlord’s net worth.

The latest National Housing Pulse Survey from NAR reveals that 84% of consumers believe that purchasing a home is a good financial decision. William E. Brown comments:

“Despite the growing concern over affordable housing, this survey makes it clear that a strong majority still believe in home-ownership and aspire to own a home of their own. Building equity, wanting a stable and safe environment, and having the freedom to choose their neighborhood remain the top reasons to own a home.”

Bottom Line

If you are interested in finding out if you could put your housing cost to work for you by purchasing a home, let’s get together and evaluate your ability to buy today!

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

What State Gives You the Most ‘Bang for Your Buck’?

Some Highlights:

  • Thinking of moving across the country? How far will your money take you?
  • The majority of states in the Midwest and South offer a lower cost of living compared to Northeast and Western states.
  • The ‘Biggest Bang for your Buck’ comes in Mississippi where, compared to the national average, you can actually purchase $116.01 worth of goods for $100.
  • For more information regarding the methodology used to create the map, visit the Tax Foundation.

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

Housing Inventory Hits 30-Year Low!

Housing Inventory Hits 30-Year Low

Spring is traditionally the busiest season for real estate. Buyers, experiencing cabin fever all winter, emerge like flowers through the snow in search of their dream home. Homeowners, in preparation for the increased demand, are enticed to list their house for sale and move on to the home that will better fit their needs.

New data from CoreLogic shows that even though buyers came out in force, as predicted, homeowners did not make the jump to list their home in the second quarter of this year. Frank Nothaft, Chief Economist for CoreLogic had this to say,

“The growth in sales is slowing down, and this is not due to lack of affordability, but rather a lack of inventory. As of Q2 2017, the unsold inventory as a share of all households is 1.9 percent, which is the lowest Q2 reading in over 30 years.”

CoreLogic’s President & CEO, Frank Martell added,

“Home prices are marching ever higher, up almost 50 percent since the trough in March 2011.

While low mortgage rates are keeping the market affordable from a monthly payment perspective, affordability will likely become a much bigger challenge in the years ahead until the industry resolves the housing supply challenge.”

Overall inventory across the United States is down for the 25th consecutive month according to the latest report from the National Association of Realtors and now stands at a 4.3-month supply.

Real estate is local.

Market conditions in the starter and trade-up home markets are in line with the median US figures, but conditions in the luxury and premium markets are following an opposite path. Premium homes are staying on the market longer with ample inventory to suggest a buyer’s market.

Bottom Line

Buyers are out in force, and there has never been a better time to move-up to a premium or luxury home. If you are considering selling your starter or trade-up home and moving up this year, let’s get together to discuss the exact conditions in our area.

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

Opportunity is Here!

7 & 9 Beller Lane Kaiser, MO. 65047

MLS# 3120478

Take advantage of this wonderful opportunity to own your own Mini-RV Park in Kaiser, close to Lake of the Ozarks and all the attractions that bring thousands of tourist to our community every year!

There are six RV hook-ups in place along with a well and septic. This is a great investment opportunity, don’t let it skip by you!

View the Virtual Tour HERE!

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

🏡Build Your Dream Home Here!🏡

3123369

1154 Spring Creek Dr. Porto Cima, MO. 65079

MLS# 3123369

Are you looking for a great location to build your dream home? This beautiful lot in the highly sought after community of Porto Cima, with all the amenities that are offered, including a marina! Enjoy the beautiful cove location!

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You will love driving home with all the gorgeous homes on your road! Includes 105ft  (A Lot) of Lake front and a FULL membership to the prestigious Jack Nicholas Golf Course! Enjoy designing your home from start to finish!

View the Virtual Tour HERE!

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

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