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Real Estate at the Lake with Valerie Littrell

Lake of the Ozarks events, news & real estate

🌊 Panoramic Views at Summer Ridge! 🌊

4461 Hamrock Lane Unit 601 Osage Beach, MO. 65065

MLS# 3121231

Lovely unit at Summer Ridge with amazing panoramic views from the covered decks of this spacious 3 bedroom, 3 bathroom spacious condo! Open living, professionally remodeled and comes completely turn-key!

Beautiful views of the 17MM! As if the unit itself wasn’t enough, the amenities here are outstanding! Indoor and outdoor tennis courts, indoor swimming,heated swimming pool, hot tub and sauna! This is the perfect place to relax and that is what a home is about! Bringing friends and family over and relaxing! Includes a 12X32ft slip!

View the Virtual Tour HERE!

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

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The Truth About Homeowner Equity.

The Truth About Homeowner Equity | MyKCM

A recent article from a reputable news source was titled: Here’s why some homeowners still can’t sell. In the opening bullets of the article, the author claimed, “Negative equity is one of the main reasons why there are so few homes for sale.” The article then goes on to soften that stance but we want to bring better clarity to the equity situation.

A recent report from CoreLogic (which was quoted in the article) revealed that over 80% of all homes now have “significant equity,” which means the home has over 20% equity. That level of equity allows the homeowner to sell their home if they so desire. (There was no reference to significant equity in the article.)

If eight out of ten homeowners now have significant equity in their homes, it is hard to make the claim that lack of equity is “one of the main reasons why there are so few homes for sale.”

Here is a map showing the percentage of homes in each state which currently have significant equity:

The Truth About Homeowner Equity | MyKCM

Bottom Line

If you are one of many homeowners who is debating selling your home and are wondering how much equity you have accumulated, let’s get together to determine if now is the time to list.

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

🌊 Unique, Waterfront Unit @ Aqua Fin 🌊

50 Aqua Fin Dr. unit 1-B Lake Ozark, MO. 65049

MLS# 3125972

Stunning Waterfront condo at Aqua Fin, completely renovated with new counters, flooring, paint, light fixtures and more! Bright and open living area with a corner fireplace, perfect for the upcoming chilly weather! Living room opens to the covered, tiled deck with a view of the lake!

Beautifully decorated, completely turn-key, so everything you see you get with this lovely unit! Lower level, close to parking, pools and more! Unit includes a 10X34ft slip! Within walking distance to the Lake’s hottest dining and entertainment spot at the 7MM. This Condo has all you need to start your lake living! It has also been a successful VRBO!

View the Virtual Tour HERE!

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

Which Homes Have Increased in Value the Most?

Which Homes Have Increased in Value the Most? | MyKCM

Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 5.6%. CoreLogic, in their most recent Home Price Index Report, revealed that national home prices have increased by 6.7% year-over-year.

CoreLogic broke appreciation down ever further into four price ranges which gives a more detailed view than simply looking at the year-over-year increases of the national median home price.

The chart below shows the four tiers and each one’s growth from July 2016 to July 2017 (the latest data available).

Which Homes Have Increased in Value the Most? | MyKCM

It is important to pay attention to how prices are changing in your local market. The location of your home is not the only factor in determining how much it has appreciated over the course of the last year. Lower priced homes have appreciated at greater rates than homes at the upper ends of the spectrum, due to demand from first-time home buyers and baby boomers looking to downsize.

Bottom Line

If you are planning on listing your home for sale in today’s market, let’s get together to go over exactly what’s going on in your area and your price range.

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

🚍 Own Your Own Mini RV Park! 🚍

7 & 9 Beller Lane Kaiser, MO. 65047

MLS# 3120478

Do you enjoy meeting new people? Make lasting connections and learn about people from other states and even countries? Then owning your own mini R.V. Park could be a start for you! There is a R.V. camper already set up with  six R.V. hook-ups in place!

There is a play house for the little ones, a private well and septic in place! This is an opportunity for someone who is looking for an adventure!

View the Virtual Tour HERE!

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

💕What Dreams Are Made Of💕

56 Wye Court Lake Ozark, MO. 65049

MLS# 3120693

This beautiful home is set on a point location in a quiet cove with approx. 400ft of Lakefront! This architectural delight sits on a FLAT, level lot with mature trees that add privacy and shade! Hickory wood floors, vaulted ceilings, windows galore and a wood burning fire place, perfect for the chilly nights ahead!

Amazing views from every room! Plenty of storage throughout with a loft area that would be perfect for an office or extra sleeping!  Home is solar powered for a LOW utility bill! Over-sized 2 car garage, hot tub and a 2-well dock with 10x28ft slips! This is the ultimate in lake living! Don’t let this stunning home pass you by!

View the Virtual Tour HERE!

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

Big Developments in the Works for the Lake!

Image result for Project developments

The best news for any community is hearing that there will be growth happening! This is especially good news for us because we live and work in our community and with 3 new projects in the works it is a sign of economic growth and wealth!

The first project is a conversion of almost 14 acres into retail shopping centers and restaurants near the Golden Door Motel. This is estimated to cost $30.5 million!

The second project is a Community Improvement project as part of the Arrowhead Centre project. This will include senior living facilities, restaurants and shopping centers as well.

The third and last project is rezoning 19 acres of property located next to Backwater Jacks from agricultural to commercial zoning. The intent is to build somewhere between five and eight homes that can sleep up to fourteen people! This is intended to be a nightly rental plan.

With all these new project comes new job opportunities, outsourcing and more revenue coming in. This is a great thing for our community not only as a tourists destination but also for those of us who live here year round. I cannot wait to see what the final projects will look like.

For more information click HERE!

Image Source: Google Images

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

Thinking of Selling your Home? Competition is Coming!

Thinking of Selling your Home? Competition is Coming | MyKCM

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits were up 7.7% over last year.

How will this impact buyers?

More inventory means more options. Danielle Hale, Realtor.com’s Chief Economistexplained this is good news for the housing market – especially for those looking to buy:

“It’s not spectacular construction growth, but it’s slow and steady in the right direction. Eventually, the pickup in single-family home construction will mean [buyers] will have more options. Especially with the limited number of sales right now, more options are really needed.”

How will this impact sellers?

More inventory means more competition. Today, because of the tremendous lack of inventory, a seller can expect:

  1. A great price on their home as buyers outbid each other for it
  2. A quick sale as buyers have so little to choose from
  3. Fewer hassles as buyers don’t want to “rock the boat” on the deal

With an increase in competition, the seller may not enjoy these same benefits. As Hale said:

“As new construction continues to increase, home shoppers will eventually have more [choices] and a bit more time to make purchase decisions compared to today’s quick-moving housing market.”

Bottom Line

If you are considering the sale of your home, it might make sense to beat this new construction competition to the market.

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

What to Look for in Your Real Estate Team!

How do you select the members of your team who are going to help you make your dream of owning a home a reality? What should you be looking for? How do you know if you’ve found the right agent or lender?

The most important characteristic that you should be looking for in your agent is someone who is going to take the time to really educate you on the choices available to you and your ability to buy in today’s market.

As Dave Ramsey, the financial guru, advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Do your research. Ask your friends and family for recommendations of professionals whom they have used in the past and have had good experiences with.

Look for members of your team who will be honest and trustworthy; after all, you will be trusting them with helping you make one of the biggest financial decisions of your life.

Whether this is your first or fifth time buying a home, you want to make sure that you have an agent who is going to have the tough conversations with you, not just the easy ones. If your offer isn’t accepted by the seller, or they think that there may be something wrong with the home that you’ve fallen in love with, you would rather know what they think than make a costly mistake.

According to a Consumer Housing Trends Study, millennials have already started to prefer a more hands-on approach to their real estate experience:

“While older generations rely on real estate agents for information and expertise, millennials expect real estate agents to become trusted advisers and strategic partners.”

Look for someone to invest in your family’s future with you. You want an agent who isn’t focused on the transaction but is instead focused on helping you understand the process while helping you find your dream home.

Bottom Line

In this world of Google searches, where it seems like all the answers are just a mouse-click away, you need an agent who is going to educate you and share the information that you need to know before you even know you need it.

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

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