There are several things to be aware of when purchasing a foreclosed home from the lender. You need to be prepared as the process is quite different than purchasing from an individual.
•1. There will be no sellers disclosure. Most of the time, the bank/lender has never even seen the home. Therefore, they know nothing about the condition, age of home, past repairs, etc.
•2. You are purchasing the home "as is." The seller will not make any repairs. Consequently, it is a good idea to have an inspection or thoroughly check the home over if you are experienced in home repair.
•3. The seller will not accept any offers contingent upon the sale of your home.
•4. You will need to have been pre-approved by a lender or provide a letter from a financial institution stating that you have adequate funds to purchase the home in order to submit an offer.
•5. The seller will usually not accommodate a change in the closing date and often you will be charged if you are unable to close on time.
•6. Don't expect a quick response to your offer. It often takes 2 or 3 business days or more for the seller to answer.
•7. Sometimes, property sales may have a deed restriction requiring that the property cannot be sold for more than a certain amount in a stated time frame.
•8. Expect a lot of paperwork. In addition to the regular real estate contract, the seller will probably require their own separate contract be signed.
The purchase of a foreclosed property can intimidating, but an experienced Realtor can help you through the process. Hopefully, reading the items listed above will help to avoid surprises during the transaction.
Tammie Turner, Tri-Lakes Realtors Visit My Web Site
We are fortunate in the Branson/Tri-Lakes area in that we haven't experienced the same conditions in our real estate market as in many parts of the United States. In fact, the average selling price of single family homes has continued to increase through 2008.
However, there are bank-owned, foreclosure properties currently listed. Through our Multiple Listing Service a list of these homes can be generated. To obtain a list, contact me either by phone at 417-337-4422 or by email. I can also guide you regarding the market value of the property verses the list price on any home that interests you.
One consistent question heard by Realtors across the country is when should I list my property?
Of course, the answer depends in what part of the country your home is located. For example, Florida's high selling months are probably different than the best time to sell in Missouri. One thing to always remember is that real estate data is local.
In the Tri-Lakes area of Missouri, analysis of the sale of properties for the past five years revealed that the months with the highest amount of closed transactions were May through August. The two months with the most sales were June and August, followed by May, then July. The month that was often ranked the second highest sales month was July.
It will probably come as no surprise that January and February had the least amount of closings. January has typically been the time that most Realtors schedule a vacation, at least in our area.
Keep in mind that the months listed were for closings, not the date the properties went under contract. It usually takes around thirty days to close a transaction; but, it can be longer, depending on the circumstances of the sale. Therefore, if you want to sell your home; don't wait until May to list it. March would be a better time to catch the first wave of springtime buyers.
On the flip side, the slowest time as far as showings and properties going under contract isn't January and February, it's November and December. Again, you have to account for the time between when the buyer and seller come to a written agreement and the time that the property actually changes hands.
There's no "magic" time to put your property on the market. It often comes down to chance, the right buyer happens along at the right time. However, those chances do improve when the most buyers are looking, which is March through August.
The Missouri Department of Transportation recently approved funding for a project to relieve traffic congestion in Forsyth at the intersection of Highway 160 and Coy Boulevard.
The intersection will be widened about 12 feet and a turn lane will be added. The turn lane will allow traffic to proceed instead of lining up behind a motorist making a left hand turn.
The project may start in Spring 2009, depending on when bids are let. If started in the spring, completion is expected to be in the fall.
Recycling trash, that is. Why should you recycle?
Well...read the following and seriously consider the implications.
An aluminum can that is thrown away will still be a can 500 years from now.
If every American recycled just one-tenth of their newspapers, we would save about 25,000,000 trees a year.
Americans throw away 25,000,000 plastic beverage bottles every hour.
The energy saved from recycling one glass bottle can run a 100-watt light bulb for four hours.
A typical family consumes 182 gallons of soda, 29 gallons of juice, 104 gallons of milk, and 26 gallons of bottled water a year.
The above statistics along with many others are from http://www.recycling-revolution.com/recycling-facts.html
If reading this information has convinced you to start recycling, but you don't know where to start, then read on. Branson has a recycling center, located on Compton Drive, which is open six days a week. They accept cardboard, newspaper, magazines, mixed paper, glass, steel cans, aluminum cans, plastic, motor oil, rechargeable batteries, cell phones, and soft plastics.
If you're willing to sort your recycleables when you make your drop off, you don't have to pre-sort them. More information can be obtained from the Branson Recycling Center by calling 417-334-5277. You can also visit their web site: Branson Recycling Center
Still not convinced that one person can make much of a difference? Then think about one last fact from Recycling-Revolution.com:
The U.S. is the #1 trash-producing country in the world at 1,609 pounds per person per year.
Experience matters! Realtor for 10+ years, covering Stone & Taney counties & Table Rock Lake. Consistently a top producer with Tri-Lakes Realtors. Area resident for over 27 years--I know the area
Welcome! Thanks for visiting my site here in the Tri-Lakes area of Ozark Mountain Country.
I'm sure you've heard Branson described as "the Country Music Capitol." However, this location has so much more to offer than music shows. What's so great about living here? It's a small town with a friendly atmosphere, yet there is so much to do here. My goal will be to feature different aspects about our area in my blogs. Below is just a summary about our part of the Ozarks.
First of all, there are three lakes. Table Rock Lake has over 745 miles of shoreline where you can fish, swim, ski, or just relax on your boat. If fishing is your passion, we also have Lake Taneycomo, a cold-water lake famous for its trout. Then there's Bull Shoals Lake in Forsyth and eastern Taney County. Bull Shoals is a recreational lake, like Table Rock, but a little more secluded.
If you're not a lake lover, don't worry, there are a multitude of other things to occupy your time. There are three outlet malls along with the Branson Landing with its shops, restaurants, fire/water/light fountains and boardwalk along Lake Taneycomo. In addition, there are several craft shops and flea markets throughout the area. We also have theme and water parks, hiking trails, sports programs at the new Recplex, beautiful parks... the list is endless.
And we can't forget golf. There are seven large golf courses in the area. So if you're addicted to this sport, the Tri-Lakes area offers a different course for every day of the week.
One more thing to mention is the beauty of the Ozarks. The views go on forever. I've had more than one client visit the area for the first time and buy a home on their first trip. It's that easy to fall in love with the Tri-Lakes area. Be sure to visit my blog often for more info or go to my web site.
Since 1997, I've been an active Realtor. I list and sell property in the entire area including Branson, Hollister, Forsyth, Walnut Shade, Blue Eye, Branson West, Kimberling City, Reeds Spring, Galena, Lampe, and Shell Knob.
I've lived in the Branson/Tri-Lakes area for over 27 years so I know it like the back of my hand. I have a Bachelor of Arts Degree in Business Administration from College of the Ozarks. That's how I ended up in Branson. After I graduated, I didn't want to leave the area.
My husband, Frank, is a native of the area. He is a commercial general contractor and owner of Frank Turner Construction. We have two children. Our son is a junior at Missouri State University and our daughter is a freshman at the University of Missouri. So I'll be working very hard for the next several years to pay tuition!
Our family loves the outdoors and we practically live on Table Rock Lake in the summer. We have a small houseboat that we try to spend as much time on as possible.
I love selling real estate. It's a challenging job and I meet the greatest people. Many of my clients have become good friends.
In 2005, my long-time friend, Beckie Boedefeld, joined me in real estate to form a team. One of us is always available to handle your real estate needs.
Whether you're considering buying or selling in the Tri-Lakes area, I'd love to be your Realtor!
Lynn & Beverly Ryan, St. Louis, MO
"Our experience with Tammie Turner was the best real estate relationship we have ever had. Tammie remained flexible and efficient in going through the past listings to fit our new criteria, as well as new listings. We can truly say that Tammie always kept our best interest in mind, worked hard to see that we had all the needed information, and displayed exemplary follow through on all of the many requests and details needed to close our deal. We now wish she had a Kansas license so that when we sell our primary residence, she could represent us on that deal as well!"
Dr. & Mrs. Gerald Marcell, Carbondale, KS
"It was our lucky day when we began working with Tammie Turner. We told her what we were looking for in lakeside retirement home and she began the search. We spent an entire day together looking for properties and we really "clicked." She just understood our style and financial parameters. We recommend her to anyone looking for a REALTOR. On a scale of 1-10, she's a 12!"
Jim & Debby Shirley, Lampe, MO
"We had experienced disappointments in looking for the perfect lake home in Branson until we found Tammie. She made the difference--the end result was a happy and successful one. Her professionalism, knowledge, and experience were what we had expected and had been used to in the past. We look forward to working with Tammie when we upgrade to a lakefront home."
Mike & Olive Wood, Vanzant, MO
"We would recommend Tammie Turner to anyone looking for a REALTOR in the Branson area. Her commitment to her clients' needs, knowledge of the market, and organizational skills were invaluable in helping the sale of our home go quickly and smoothly."
John & Shelly Akers, Branson, MO
"As a senior citizen, it was a comfort to know Tammie was looking out for our best interest in selling one of our properties. You can always trust her to answer your questions truthfully. We think she is the best!"
Richard & Rosella Combs, Branson, MO
"Tammie made our trip to find homes very inviting. It felt like she was our only friend in the Ozarks at the time. We didn''t know the area and, by gosh, she made sure we saw it all, so we could make a good decision. We have relocated to the Ozarks from Minnesota and love our lake home. Thanks to Tammie and her tenacity; we now enjoy warmer winters. "
Punky Fedora, Galena, MO
"We feel that we were very lucky in selecting Tammie Turner as our Real Estate Agent. She sent us a number of listings in our price range and spent many hours with us showing us several properties on different occiasions. Tammie paid close attention to our reaction to each of those properties until she knew just what we were looking for in a retirement home at Table Rock Lake, then she found the perfect home for us! We would certainly recommend Tammie Turner to anyone wanting to purchase a home or property in the Tri-Lakes area. She was great to work with and certainly kept our best interests in mind at all times. Tammie has become a good friend as well as our Real Estate Agent, and it's always nice to do business with a friend! "
Al & Evelyn Murfin, Ft. Worth, TX
"Our experience with Tammie Turner as our Realtor was the best sales experience we've ever had. She was dedicated to our needs as a client and did not hesitate to help. She was very prompt in returning all of my calls and messages and was always willing to take time for us. She was very flexible and honest and had our best interest at heart. I would give her an A+++ rating and recommend her to anyone!! "
Brenda Polke, Rockaway Beach, MO
"I wanted to find a house in Branson, MO. I lived in Las Vegas. So with no contacts, I went to the internet and found Tammie Turners web site. God was smiling on me that day. Tammie is not only a no-hassel real estate agent but one of the most caring and helpful people I have ever come across. If you are considering using Tammie as your agent, you won't be sorry! She will treat you like family and go beyond the best for you. Tammie, we can't thank you enough! "
Kevin & Amy Bleske
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