29/30 Grand Cove Drive, Porto Cima was just reduced to $624,900! Prime double lot offers southern exposure on one of Porto Cima’s deepest coves with 191 feet of waterfront and a gentle slope tot he water’s edge. On this estate size lot enjoy privacy, the option to have a large protected dock just inside the no wake area and a possible membership at the exclusive Jack Nicklaus golf course. The lots are also available for purchase individually for $324,900 each.
Q: We are thinking about buying a condo at Lake of the Ozarks as a second home. What do we need to know before buying?
A: First consider what you like to do and the area of Lake of the Ozarks best suited for those activities. For instance, do you enjoy going to dinner at a variety of restaurant each week or would you rather spend quiet evenings at home? There are different areas of the Lake that will be more conducive to your lifestyle preference.
Next, define your needs, both present and future. Ask yourself, how many bedrooms, bathrooms and the amount of square footage you will need to be comfortable. Do you anticipate any changes in these needs and if so when do you expect these changes to take place?
Your realtor should bring a wealth of knowledge and experience to the table. Information such as the financial strength of the developer, financial history of the development and resale history, if any, of the property should be easily obtainable for a competent realtor.
You’ll want to have the opportunity to review the annual budget and assessment fees. A realtor can also obtain information concerning whether the Property Owners Association (POA) or the developer is currently or has been involved in any litigation.
These developments are generally completed in phases. You should be able to obtain information pertaining to the time frame originally established for each phase. If applicable, this will give you some insight into whether each phase has been completed in a timely manner. This can also give you a glimpse at what you may be able to expect in the future from this development.
Boat slips are an added concern when considering property at Lake of the Ozarks. The availability of boat slips and where they are located are two questions you will want answered to your satisfaction before making a final decision.
Finally, do your research before choosing a realtor. This is a major decision and it is important to have an experienced professional representing you. Purchasing a condo is no simple task but it is a process that can be completed with ease when assisted by an experienced realtor.
“The Vote “YES” To Stop Double Taxation Committee is moving ahead to inform voters about the need to prohibit real estate transfer taxes in Missouri, after the state on Friday dropped plans to appeal a key court ruling. The proposed state constitutional protection against the unfair taxes will appear on the Nov. 2 general election ballot as Amendment 3.
Call Lora Elliott at 573-280-2953 to learn more – www.LoraElliott.com
1015 Anemone, Four Seasons was just reduced $100,000!! It is now $599,900. Truly stunning and unique waterfront home on 1.5 level lots in the coveted 6-mile cove of Lake of the Ozarks. One of a kind features include brick floors, European cabinet doors, a kitchen island made from a judicial bench and a gorgeous library with wet bar, walnut paneling and a secret door that leads to the baths. The billiard room and library could be converted for 2 additional bedrooms. Other highlights include passive solar design, Pella windows, walk-in closets, 3 wood/gas fireplaces, sound system, boat house topped with martini deck and more! This truly is a must see. Call today for a private tour 800-348-6642.
Lake of the Ozarks fall Harbor Hop – October 9, 2010 – Begins at 11AM and ends at 7PM
Click here for a full map and participating locations.
I actually won 6th place last year. The event is lots of fun and closes out the 2010 season with a bang!
Call Lora Elliott – 573-280-2953 – www.LoraElliott.com for more information.
The Lake of the Ozarks is not just a summer destination anymore. Just last weekend, there were hundreds of motorcycles here for the annual Motorcycle Fest. The annual Wing Ding was just last night with many great restaurants participating in the event. Talk about great food!!! October 2nd is the annual Hospital Ball, which is one of the most prestigious events of the year. What fun just to see the ball gowns and tuxes!
On October 8th & 9th, the Camdenton Fall Festival/Apple butter days will begin. This offers a variety of vendors and a lot of great food. On Oct 9th, the YMCA auction takes place at the Lodge of Four Seasons and the golf tournament follows on the 10th. The CADV (Citizens Against Domestic Violence) brunch follows on the 13th, also at the Lodge.
There is always something going on here at the lake year round, so make this your winter destination as well as the summer one. If nothing special is scheduled, the wonderful shopping and restaurants are always favorites!!!
Q: We would like to buy a home but we’re not sure what price home we can afford?
A: The key to being a successful buyer is to arm yourself with knowledge. Ask yourself questions such as; “Have all my payments been made in full and on time during the past year?” “Do we have sufficient income to take on the responsibility of a mortgage?” If you have answered yes to those questions you should then begin the process of choosing a professional realtor. Do some research and meet with more than one realtor to find an experienced professional who you feel you can work with comfortably.
Once you have selected a realtor they should be able to assist you by recommending one or more lenders in your area. The initial step to be taken is that of obtaining loan pre-approval. Your realtor can be a great help to you in preparing for this by giving you a list of all the information that you will be expected to provide to a lender.
You will need to compile financial documents that will be used to verify your financial holdings, continued income and debt. All of this information will enable your lender to create a financial profile including a debt to income ratio. This information will be used to determine the maximum amount that you will be able to borrow. Add this amount to the amount of money you intend to use for your down payment and you will have pinpointed your real estate price bracket.
There are many different programs available to allow lenders to tailor a mortgage to fit your needs and financial resources. The types of loans available may vary from very low interest loans which may require a larger down payment to first time home buyer loans that may require very little or no down payment. One of the most important facts to understand is that your credit history is the determining factor in deciding the type of loan program for which you will qualify.
Having been pre-approved for a mortgage may make the time taken to look at homes and negotiating the sale far more productive. Knowing the real estate price bracket for which you qualify can dramatically narrow your search by eliminating those homes that do not fit the financial profile you have established. When you do find the right property the seller should be more inclined to seriously consider an offer being presented on behalf of a client that has been preapproved.
Shop for your mortgage like you would shop for anything else, looking for the lowest cost and the best terms. By beginning the loan process early you will be more prepared to negotiate with the seller for the best price possible on your new home.
22-2A Waters Edge was just listed for $159,900! Remodeled 2 bedroom, 2 bath condo in great location by land and water. Features include wood burning fireplace, large deck and a fantastic view main channel view of Lake of the Ozarks. Condo includes appliances, most furnishings and a 10×24 slip with a 4,500# hoist. Beautiful complex with mature trees, nice landscaping, on-site security and rental office, pool, tennis courts, playground, clubhouse, lakeside boardwalk, boat ramp and more!
Two lake view lots in the prestigious golf community of Porto Cima have just been reduced! 759 Muirfield, a great corner lot, is now $48,500 and 832 Gleneagles Court, on a nice cul-de-sac, is now $30,000. Both lots have spectacular lake views and come with all the amenities of Porto Cima including pools, tennis courts, clubhouse and more! Call the Tonia Grein Team today for more information 800-348-6642.
217 Ridgewood, Four Seasons was just reduced to $419,500! Wonderful waterfront home in a quiet deep water cove. Great location, quality construction, meticulously maintained and a level driveway! New desert landscaping with seawall and lakeside gazebo. Home comes completely turn-key with all furnishings, dock and hoist!