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Lina Robertson, ozarks-realestate.com, Springfield MO Real Estate For Sale

Want to Sell Your Business in Springfield, MO? Call Murphy Business & Financial Corporation - Springfield MO Business Brokers

Springfield MO Business BrokerAre you thinking about selling your business in the Springfield MO area? Traditional methods are no longer practical in today's world. There is a new trend taking shape across the country....the business broker. Murphy Business & Financial Corporation is the largest and fastest growing business brokerage in the United States. Here in Springfield, MO, Dan Machnicki opened the first franchise of this kind to offer his services to business owners who want to sell, and buyers who are looking for their newest business venture.

Murphy Business & Financial Corporation offers the following services:

Selling a Business in the Springfield MO area? Let Murphy find you a qualified buyer for your business. The selling process starts with a business valuation, so you know exactly what your business is worth and helps set a realistic sale price. Murphy Business handles the confidential marketing of your business, qualifies prospects, completes due diligence and administers the closing process.

Business Valuation
Murphy business valuations are performed by qualified, experienced professional appraisers and are in compliance with Uniform Standards of Professional Appraisal Practice (USPAP) of the Appraisal Foundation.

Buying a Business in the Springfield MO area? - Let us match you with the appropriate business to fit your needs by providing expertise in the local market and connecting you to opportunities worldwide. Murphy Business will provide the support and knowledge needed to partner with you on your business venture, whether it’s a franchise opportunity, site selection for commercial property or merger and acquisition consulting.

Ozark MO Real Estate Market Report for October 2009

Ozark MO Real Estate Market Report for

October 2009


Three Year Comparison of Home Sales

Ozark MO Real Estate Market Report for October 2009

Three Month Comparison of Home Sales

Ozark MO Real Estate Market Report for October 2009

Inventory Report of Homes

Ozark MO Real Estate Market Report for October 2009

Homes for Sale in Ozark, MO:

  • Total Active Listings: 296 homes
  • Under Contract: 71 pending sales
  • Total Sold Listings for October: 44 sales

Ozark MO Sales Price Information

  • Average Sales Price: $146,688
  • Sale Price to List Price Ratio: 98.75%

Days on Market (for Sold homes)

Average Days on Market: 82 days

Ozark MO Real Estate Market Report for September 2009

Ozark MO Real Estate Market Report for August 2009

Springfield MO Real Estate Market Report for October 2009

Springfield MO Real Estate Market Report for

October 2009


Three Year Comparison of Home Sales

Springfield MO Real Estate Market Report for October 2009

Three Month Comparison of Home Sales

Springfield MO Real Estate Market Report for October 2009

Inventory Report of Homes

Springfield MO Real Estate Market Report for October 2009

Homes for Sale in Springfield, MO:

  • Total Active Listings: 1,530 homes
  • Under Contract: 361 pending sales
  • Total Sold Listings for September: 276 sales

Springfield MO Sales Price Information

  • Average Sales Price: $132,126
  • Sale Price to List Price Ratio: 98.73%

Days on Market (for Sold homes)

Average Days on Market: 60 days

Springfield MO Real Estate Market Report for September 2009

Springfield MO Real Estate Market Report for August 2009

Why Do Banks Choose To Foreclose Rather Than Short Sale? Because They Make Money!

I lost another short sale listing today to foreclosure. The bank literally made it impossible for me to succeed in selling the home. Most people ask, "Why would the bank want to do that? Don't they lose money?" The answer is NO, they can actually MAKE money when they foreclose.

This was explained to me by a loan officer handling the construction loans of my last builder/developer. About a year ago, my builder had approximately 12 new construction homes languishing on the market, no longer able to compete with the short sales, REO's, and existing home sales. Our plan was to rent the homes out until the market stabilized. Unfortunately, the market failed to stabilize itself during 2009. When the builder's loan came up for renewal, the bank reappraised the properties, claimed he no longer had 20% equity, and demanded a very large sum of cash to shore up the accounts before they would agree to renew the notes. Obviously, if the builder hands over all his cash, he will no longer be able to make his payments. He's in a no win situation.

I bundled the homes into an investment package and was successful in securing a cash offer for approximately $200,000 less than the total amount owed on all 12 homes. When I presented the offer to the bank, I was met with an unwavering, "No." This particular bank has already received its "Cease and Desist" letter from the FDIC and regulators. The bank was given 8 months to raise $12 Million in cash, or it would be forced to sell. I would have thought that having a $1.4 Million cash offer closing in less than 30 days would have been appealing to them. But instead, the lender told me, "We'd rather foreclose." What? How does that make any sense? Didn't my market analysis of the properties prove to him that this builder owed more on the homes than the market could bear? How did the bank feel that they could fare better selling these properties than the builder could?

When a bank loans money, they are required to put a certain percentage of the value of that loan into a loan loss reserve. That pool of funds cannot be accessed by the bank, except in an instance of foreclosure. If the bank agrees to the short sale, they not only lose their rights to tap into the loan loss reserves, they waive their rights to pursue the builder for the shortage.

Over 50% of all mortgages are guaranteed by Fannie Mae, Ginnie Mae, Freddie Mac, or an insurance company. If a borrower defaults on a loan, there is really no risk to the bank. Any costs and fees associated with the foreclosure process are also reimbursed by Fannie or Freddie. Oftentimes, this is why the bank is able to list the home on the market for less than they were requiring on a short sale. To quote Matthew Lexus, a former banking executive, "It’s really a shell game of smoke and mirrors. The banks are singing the blues making it appear they are on the verge of financial collapse because of the financial crisis they essentially created themselves."

The House on the Hill Overlooking Riverside Inn and the Finley River in Ozark, MO

Ozark MO Real Estate

I've lived in Ozark, MO, for over 30 years. One of the first homes that ever captured my attention was the home overlooking Riverside Inn and the Finley River in Ozark. In the summer, it's easy to miss the home because it is effectively camouflaged by the trees. But when the leaves fall off the trees, the home becomes very prominent on the cliff high above the river and the restaurant.

Ozark MO Real Estate

I've always wondered what the home looks like inside. The decks suspended over the river look very ominous to me (but then I have an incredible fear of heights). I would love to walk out on them just once...just to say I did. The home was built in 1975 and is currently owned by the owner of a large marketing firm in Springfield, and I've been told that he has made many changes to the home. He uses the home only as a venue for entertaining clients and guests, and resides elsewhere. From the road, the home looks enormous, but I was surprised when the tax records indicated the home is only 1923 square feet.

If you're ever driving by Riverside Inn, look up. It's a sight you definitely don't want to miss.

Unfortunately, this home is not currently listed for sale. However, I have provided some links for other Ozark, MO, real estate that is.

Ozark MO Homes For Sale

Ozark MO Commercial Real Estate

Ozark MO Multifamily Real Estate For Sale

Ozark MO Land For Sale