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Real Estate at the Lake with Valerie Littrell

Lake of the Ozarks events, news & real estate

The #1 Reason to Sell Now Before Spring!

363 Old School House Cove Roach, MO. 65787

MLS# 3127194

The price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.

According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an example, here is what happened to housing inventory at the beginning of 2017:

The #1 Reason to Sell Now Before Spring | MyKCM

Putting your home on the market now instead of waiting for increased competition in the spring might make a lot of sense.

Bottom Line

Buyers in the market during the winter months are truly motivated purchasers. They want to buy now. With limited inventory currently available in most markets, sellers are in a great position to negotiate.

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

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Beautiful Porto Cima Lot!

1154 Spring Creek Dr. Porto Cima, MO. 65079

MLS# 3123369

Great opportunity to build your dream home on this beautiful, lakefront lot. Located in the highly sought-after community of Porto Cima with all the amenities that are offered, including a marina! Build your dream home among the stunning and elegant homes of this upstanding neighborhood! Not only is the location one of the best, in a cove with a excellent view, but it includes 105ft (A Lot) of shoreline AND a FULL membership to the prestigious Jack Nicholas Golf Course! Great time to show your creative side with this empty lot!

View the Virtual Tour HERE!

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

5 Reasons to Love Using A Real Estate Professional!

5 Reasons to Love Using A RE Pro [INFOGRAPHIC] | MyKCM

Highlights:

  • Hiring a real estate professional to guide you through the process of buying a home or selling your house can be one of the best decisions you make!
  • They are there for you to help with paperwork, understanding the process, negotiations, and helping you with pricing (both when making an offer or setting the right price for your home).
  • One of the top reasons to hire a real estate professional is their understanding of your local market and how the conditions in your neighborhood will impact your experience.

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

Renting Office Space? Why Not Own Your Own Space?

10 S. Maple St. Eldon, MO. 65026

MLS# 3127262

Great corner building in downtown Eldon. Located on a high traffic street with plenty of parking and easy to find. New metal roof and air conditioning unit. This is an opportunity for someone who has a business and is looking to invest in their future, for someone who is looking to start a business or expand their business. Currently being used as a dance studio but the possibilities are endless in this 2500 square feet building with an updated bathroom and open space.

For more information click HERE!

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

Beautiful Lakefront Home!

363 Old School House Cove Roach, MO. 65787

MLS# 3127194

This beautiful Lakefront home with 160ft. of shoreline could be all yours! Open floor plan with many fine touches; granite throughout, wet-bar, 2 gas fireplaces with cathedral and trey ceilings and so much more!

Living room has large windows to take in the view, gas fireplace for gathering around and opens up to a deck with plenty of room to entertain family and friends! Spacious master bedroom with a large bathroom, tiled walk-in shower, walk-in closet and a private door to the upper deck.

Lower level includes a family room with the wet-bar, fireplace, eating area as well as 2 guest bedrooms. Walk out to the lower deck and another great view of the cove. Home comes completely furnished with a 2 car garage and a 2 well covered dock. Located in a lovely neighborhood on the 43 MM. Everybody deserves the best and this home definitely rates up there as one of the best at the Lake!

View the Virtual Tour HERE!

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

Live Outside the Box!

exterior_IMG_2624_12 (3)

287 Sunset Dr. Lake Ozark, MO. 65049

MLS# 3500060

 This rendition of a MANCAVE or “Shoust” is over the top, w/ 2 14′ doors on the garage where you can fit your RV, ATV’s, boat, or just cars. The rest is for entertaining! Featuring a bar made out of the aft of an old 1953 Chris Craft & the other part was refinished down to its original mahogany wood & is used for more sleeping quarters.

Very open floor plan with granite, custom cabinets, bamboo and Travertine floors, and a fireplace. It’s also equipped with a Geothermal system, radiant heated floors & a beautiful covered, cedar deck to enjoy the lake views & spectacular sunsets!! If outside of the box is where you like to live, while having a taste for the finer things in life, this is like no other!

View the Virtual Tour HERE!

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

Cute and Cozy in Four Seasons!

326 Cambridge Dr. Four Seasons, MO. 65049

MLS# 3126694

Are you looking to move to the Lake area? Are you wanting something that is easy to maintain, in a great neighborhood and won’t break the bank? This adorable, one level home in Four Seasons is just what you are looking for! 3 bedrooms, 2 full bathrooms and an open floor plan gives this home a spacious feel. Modern kitchen with plenty of cabinet space for storage and a walk out to the deck with a fenced in backyard and a fun slide off the deck! 2 car garage and a great yard with mature trees for shade! Enjoy all the amenities including; community pools, playgrounds, dog park, skate park, bike trails, tennis courts and a Clubhouse.

View the Virtual Tour HERE!

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

If You’re Considering Selling, ACT NOW!!

10 S. Maple Eldon, MO. 65026

MLS# 3127262

Definitely an aggressive headline. However, as the final data on the 2017 housing market rolls in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!

How did we finish 2017?

  1. New-home sales were at their highest level in a decade.
  2. Sales of previously owned homes were at their highest level in more than a decade.
  3. Starts of single-family homes were their strongest in a decade and applications to build such properties advanced to the fastest pace since August 2007.

And Bloomberg Business just reported:

“America’s housing market is gearing up for a robust year ahead. Builders are more optimistic, demand is strong and lean inventory is keeping prices elevated.”

And the National Association of Realtors revealed that buyer traffic is stronger this winter than it was during the spring buying season last year.

The only challenge to the market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale. Currently, there is less than a four-month supply of inventory. This represents a decrease in supply of 9.7% from the same time last year.

Bottom Line

With demand increasing and supply dropping, this may be the perfect time to get the best price for your home. Let’s get together to see whether that is the case in your neighborhood.

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

Gap Between Homeowners & Appraisers Narrows to Lowest Mark in 2 Years!

326 Cambridge Dr. Four Seasons, MO. 65049

MLS# 3126694

In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 4% or more over the next twelve months. One major challenge in such a market is the bank appraisal.

When prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that recently closed) to defend the selling price when performing the appraisal for the bank.

Every month in their Home Price Perception Index (HPPI), Quicken Loans measures the disparity between what a homeowner who is seeking to refinance their home believes their house is worth and what an appraiser’s evaluation of that same home is.

In the latest release, the disparity was the narrowest it has been in over two years, as the gap between appraisers and homeowners was only -0.5%. This is important for homeowners to note as even a .5% difference in appraisal can mean thousands of dollars that a buyer or seller would have to come up with at closing (depending on the price of the home)

The chart below illustrates the changes in home price estimates over the last two years.

Gap Between Homeowners & Appraisers Narrows to Lowest Mark in 2 Years | MyKCM

Bill Banfield, Executive VP of Capital Markets at Quicken Loans urges homeowners to find out how their local markets have been impacted by supply and demand:

“Appraisers and real estate professionals evaluate their local housing markets daily. Homeowners, on the other hand, may only think about their housing market when they see ‘for sale’ signs hit front yards in the spring or when they think about accessing their equity.”

“With several years of growth, owners may have more equity than they realize. Many consumers use the tax season at the beginning of the year to reevaluate their entire financial life. It also provides a good opportunity for them to consider how best to take advantage of their equity while mortgage interest rates and borrowing costs are still near record lows.”

Bottom Line

Every house on the market must be sold twice; once to a prospective buyer and then to the bank (through the bank’s appraisal). With escalating prices, the second sale might be even more difficult than the first. If you are planning on entering the housing market this year, let’s get together to discuss this and any other obstacles that may arise.

REAL ESTATE AT THE LAKE WITH VALERIE LITTRELL

BROKER/OWNER– 573-216-4991 – ABR, GR

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