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Home Joan Snodgrass Tri-Lakes Realtors, Shell Knob, MO

Joan Snodgrass Tri-Lakes Realtors, Shell Knob, MO

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Shell Knob Voters Urged To Assist

07-30-09
Joan Snodgrass Tri-Lakes Realtors, Shell Knob, MO

TO PLAN OR NOT TO PLAN IN STONE COUNTY, MO

On August 4th, Shell Knob and other Stone County residents will vote to re-establish planning and zoning - or maybe not - and a no restrictions county can go thru free fall.

The previous commission was removed several months ago by the courts, as a result of a lawsuit. The proposed new and stronger restrictions and plans have aroused the ire of many residents. There have been some interesting discussions as the proposed plans have been presented to area residents at local meetings.

This is a single item vote. Nothing else is on the ballet in Stone County. Next Tuesday will be an interesting tally

CALL JOAN WITH ALL YOUR REAL ESTATE QUESTIONS 417-846-7128

TRI-LAKES REALTORS 417-858-3344

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Six Month Sales Down for Shell Knob, MO Area

07-04-09
Joan Snodgrass Tri-Lakes Realtors, Shell Knob, MO



June closed residential sales for Shell Knob, Eagle Rock and Golden, MO saw a 45% drop, when compared to June 2008.

There were only 5 closed homes in June, with an average sale price of $127,900. The high sales price was $230,000. Average days on market were 130.

The first half of 2009 tells the story. Sales are down 45% this year. 2008 had 44 properties sold versus the 24 sold and closed this year. The high sale of the year was $275,000. This continues to leave the higher- end and luxury homes languishing. Homes over $300,000 are just sitting month after month with few showings, if any.

This portion of the Ozarks is largely retirees or pre-retirees wanting to enjoy the lake now, with the goal of having their retirement here in the future. We get few, if any, first time home buyers - or Virgin Buyers - as H&G tv likes to call them. We have very few Repo's, so the so called 'Stimulus' money does not help us.

Our MLS Board sales showed a total of 107 properties closed in June, with a list to sell percent of 91.9. Average sales price was $150,894.

Call Joan for all your real estate needs. 417-846-7128

Tri-Lakes REALTORS 417-858-3344 logo

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New Septic Rules For Shell Knob in Stone County

07-03-09
Joan Snodgrass Tri-Lakes Realtors, Shell Knob, MO

Home Sales Will Be Affected


Any home sale closing after August 1st in Stone County, Missouri, will require proper documentation for a permit or septic inspection to receive a Certificate of Transfer. Will this result in higher closing costs? Probably.

The Realtor or seller would need to contact the Stone County Health Department to verify if there is a permit application on file for the property that is being sold.

If a permit is on file and the system is over 10-years old, an inspection will be required. The Health Department has a list of state approved inspectors the home owner can contact.

If a permit is not on file, then the system must also be inspected and an inspector contacted.

If a problem is found the septic will need to be repaired to conform to current standards. The buyer and seller will need to work out repair details to their satisfaction. The transfer fee will be waived if the system needs repair.

There is a $25 fee to file the inspection report and obtain a Certificate of Transfer.

Call Joan for information on Shell Knob or Table Rock Lake properties 417-846-7128

Tri-Lakes REALTORS 417-858-2209

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Mortgage Problems Explained

07-03-09
Joan Snodgrass Tri-Lakes Realtors, Shell Knob, MO

I do not know the origin or authors of the following explanation for our Real Estate dilema, but it makes the problems understandable for the general public, even here in Missouri.


An Easily Understandable Explanation of Derivative Markets (i.e.granting easy credit):

Heidi is the proprietor of a bar in Detroit .
She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with new marketing plan that allows her customers to drink now, but pay later.

She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).

Word gets around about Heidi's "drink now, pay later"
marketing strategy and, as a result, increasing numbers of customers flood into Heidi's bar. Soon she has the largest sales volume for any bar in Detroit .

By providing her customers' freedom from immediate payment demands, Heidi gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer, the most consumed beverages.
Consequently, Heidi's gross sales volume increases massively.

A young and dynamic vice-president at the local bank recognizes that these customer debts constitute valuable future assets and increases Heidi's borrowing limit. He sees no reason for any undue concern, since he has the debts of the unemployed alcoholics as collateral.

At the bank's corporate headquarters, expert traders transform these customer loans into DRINKBONDS, ALKIBONDS and PUKEBONDS. These securities are then bundled and traded on international security markets. Naive investors don't really understand that the securities being sold to them as AAA secured bonds are really the debts of unemployed alcoholics.

Nevertheless, the bond prices continuously climb, and the securities soon become the hottest-selling items for some of the nation's leading brokerage houses.

One day, even though the bond prices are still climbing, a risk manager at the original local bank decides that the time has come to demand payment on the debts incurred by the drinkers at Heidi's bar. He so informs Heidi.

Heidi then demands payment from her alcoholic patrons, but being unemployed alcoholics they cannot pay back their drinking debts. Since, Heidi cannot fulfill her loan obligations she is forced into bankruptcy. The bar closes and the eleven employees lose their jobs.

Overnight, DRINKBONDS, ALKIBONDS and PUKEBONDS drop in price by 90%. The collapsed bond asset value destroys the banks liquidity and prevents it from issuing new loans, thus freezing credit and economic activity in the community.

The suppliers of Heidi's bar had granted her generous payment extensions and had invested their firms' pension funds in the various BOND securities.
They find they are now faced with having to write off her bad debt and losing over 90% of the presumed value of the bonds. Her wine supplier also claims bankruptcy, closing the doors on a family business that had endured for three generations, her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 150 workers.

Fortunately though, the bank, the brokerage houses and their respective executives are saved and bailed out by a multi-billion dollar no-strings attached cash infusion from the Government. The funds required for this bailout are obtained by new taxes levied on employed, middle-class, non-drinkers.

Now, do you understand? Just substitute "Real Estate Buyers" for "alcoholics" and "Heidi's Real Estate" for "Heidi's Bar"........


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Indian Ridge On Hold Near Branson

06-22-09
Joan Snodgrass Tri-Lakes Realtors, Shell Knob, MO

Stone County Getting Stuck?

It seems even the Ozarks are not immune to trickle- down economic effects. The Columbian Bank, which financed most of the Indian Ridge Development adjacent to Branson West, was put into receivership by the FDIC last August.

Plan


Indian Ridge was to be a huge project covering over 1,000 acres, with a projected $1.6 billion budget. Original plans called for a Resort Hotel; High-tech Convention Center; Extra large indoor water park, plus outdoor water park; Championship Golf Course; Condos, single-family lots; Themed Retail Shopping Mall; Restaurants.



Some condominiums have been constructed, with others started after alot of earth-work for projected roads, etc, but it all sits silent now. This leaves Stone County with a big headache. County Commissioners don't want to recall the bonds the county holds for the project. The recall would end the development, but create problems for the county, which would then be responsible for the infrastructure's completion.

Developers have to wait, under federal regulations, until the FDIC can send some funds, or they may send the note to auction. Indian Ridge will sadly remain on hold indefinitely - a sad reminder of this period in time as tourists drive by on Highway 76 to Branson's shows.

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