Tuesday, May 28, 2019 / by Marty Gum
In today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%). However, they are still are above historical norms. Low supply of listed homes and high demand from buyers has pushed prices to rise rapidly.
In the mind of the homeowner, annual home price appreciation over 6% has become the new normal. This becomes a challenge when a homeowner looks to refinance or sell their home, as the expectation of what the homeowner believes the home should be worth does not always line up with the bank’s appraisal.
Every month, the Home Price Perception Index (HPPI) measures the disparity between what a homeowner seeking to refinance their home believes their house is worth and what an appraiser’s evaluation of that same home is.
Over the last five months, the gap between the homeowner’s opinion and the bank’s appraisal has widened to -0.78%. This is important for homeowners to not ...
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home seller tips
Monday, September 24, 2018 / by Marty Gum
The Fall buying season is officially upon us. School has started, the weather has begun to cool off. People aren’t spending all their time on the lake and real estate lookers have become real estate buyers. There is nothing we want more than to be sure our clients have the best chance to see the area and buy the property they want. To make sure your Lake of the Ozarks dream home becomes a reality, here are some tips to help you prepare for your home search. Being prepared will help make the process smooth and successful for you and all parties involved.
Before Arrival
Let us know your schedule: Your plans are made, your vacation housing is secured and you're ready for some fun in the sun but you also plan to make time to do some house hunting. Just as you wouldn't book your condo or hotel days before your arrival, it's not an ideal strategy to wait on letting your Realtor know you'll be in town. Right now are busy months for a Realtor and their schedules tend to fil. ...
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home buyer tips, bagnell dam strip, fall buying tips
Thursday, February 16, 2017 / by Marty Gum
On our real estate team, we work with the latest, greatest technology to make your job as a homebuyer or seller much easier.
One brand-new tool we started using is a 3-D camera. This camera can build virtual tours of your home. We have done a few open houses with this technology, hosted 3-D tours on Facebook, and shared these images with potential buyers.
There are several different ways to look at these 3-D images. You can use your computer, phone, or products like Google Cardboard to get a true 3-D experience. Buyers can feel like they are in your home without having to leave the comfort of their own.
Unfortunately, as a real estate agent, it’s common to hear buyers say that they are disappointed when they come to see a house in person. With 3-D images, you cannot hide anything. These 3-D tools help save you time as a buyer because you won’t waste time looking at disappointing properties.
If you list your home with us, we us! ...
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home buyer tips
Friday, February 3, 2017 / by Marty Gum
Our economy is expected to grow in 2017, but what about our local real estate market? These figures should key you in.
Looking to buy in Lake Ozark? Get a full Home Search
Looking to sell in Lake Ozark? Get a free Home Price Evaluation
With the new year well underway, today I want to talk about what the rest of 2017 holds for our Lake Ozark real estate market.
If you’ve been following the news lately, you might’ve heard that the stock market recently went over 20,000 for the first time ever. That means that businesses expect the economy to grow and the new administration to have fewer regulations and fewer taxes.
How does this impact our market? Let’s start with condos. During the height of the downturn in 2007 and 2008, there were about 1,600 condos for sale. This morning, we had around 488 listed for sale. At this time last year, that number was 800. Of the 488 condos currently listed, only 322 have docks, which is what m ...
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Wednesday, October 26, 2016 / by Marty Gum
Looking to buy in Lake Ozark? Get a full Home Search
Looking to sell in Lake Ozark? Get a free Home Price Evaluation
Fall is gorgeous down here at the lake with the weather cooling down and the leaves starting to change colors. We wanted to take this time to talk to you a little bit about our new website and some of the cool new features on it.
Our website, searchlakeozarkshomes.com is pretty simple to use, but we wanted to give you an overview of some of the features that it has. For starters, the entire active MLS is on our website and is updated in real time.
The many different menus on our site have pages for buyers, sellers, and featured listings. In addition to those, we also have a few different home search functions. The first is the “search for homes” page that allows you to do an advanced search of our MLS. There are a lot of different filters you can add to your search to give you the homes you want to see. In addition to searching by the nu! ...
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home buyer tips