Friday, January 30, 2015

5 Home Buying Mistakes To Avoid

Buying a home is a very exciting event, but it unfortunately comes with its fair share of pitfalls. Inexperienced home buyers may fall victim to common mistakes that can create added stress and frustration down the road. If you're getting ready to buy your first home at the Lake of the Ozarks, the team at Gattermeir Davidson Real Estate can help you avoid these pitfalls.

Mistake #1: Not Getting Preapproved
It's very common for first time home buyers to want to jump straight into touring different homes, before talking to a mortgage lender. When they do this, though, home buyers can get their hearts set on a certain property before they know for sure if they will be able to afford it. Do yourself (and your agent) a favor by getting preapproved for a home loan first so you will only visit homes you know you will be able to realistically consider buying.

Mistake #2: Spending Beyond Your Means
There can be a big difference between the size of loan you can qualify for and the size of loan you should actually get. Before you get too far in your home search, track your income and your spending for at least two to three months. Once you have an accurate picture of where your money is going and how much you have left at the end of the month, you'll be able to determine what monthly payment makes sense for your budget.

Mistake #3: Overlooking Hidden Costs
If you're a first time home buyer, you may not realize that the asking price is not the only cost you will have to cover when buying a home at the Lake. You will also have to pay for the home inspection and the home appraisal. Once you've purchased the home, your mortgage payment is not the only payment you'll have to make. Home insurance, property taxes, homeowner association dues, and home repairs can add up very quickly. Before buying a home, talk to your Lake of the Ozarks real estate agent to get an idea of what other costs you will have to cover as a homeowner.

Mistake #4: Getting Your Heart Set On A Home
It's easy to understand why home buyers get their hearts set on a piece of property before its officially theirs. Just because you've put in an offer and the sellers have accepted it, though, does not guarantee that the home will be yours. Information revealed in the home inspection or hitches in your loan approval process can cause the contract to become void. While it's certainly easier said than done, we encourage you to try not to become emotionally attached to a property until the sale is complete.

Mistake #5: Not Knowing The Area
Keep in mind that when you buy a home, you also buy a piece of the surrounding neighborhood, suburb, and/or city. You don't want to move into your brand new home and then find out that you now belong to a subdivision with strict rules regarding what you can and cannot do with your property, or that the sheriff's office is just down the street and you can hear sirens wailing at all hours of the night. Save yourself unnecessary stress down the road by talking to the new property's neighbors and your real estate agent to learn more about your future home's surroundings.

Gattermeir Davidson Real Estate can help you avoid these mistakes! If you're thinking about buying a home in the next few months, contact one of our experienced real estate agents. We would love to help you find the home of your dreams! 

Stay connected with Gattermeir Davidson Real Estate, LLC!

2011 REALTOR Salesperson of the Year
Missouri Association of Realtors

Gattermeir Davidson Real Estate, LLC
752 Bagnell Dam Blvd., Suite A
Lake Ozark, MO 65049

Office | 573.365.1555
Fax | 573.365.1766

Friday, January 23, 2015

USDA Home Loans

If you haven't looked into the real estate market at the Lake of the Ozarks in several years, you probably think that you still need a 20% down payment to buy a home. Nowadays, however, that simply isn't the case. There are now some loan options that allow you to buy a Lake of the Ozarks home with a 5% down payment - and even a 0% down payment.

Yes, you read that correctly. USDA offers a home loan program that will provide 100% financing.

USDA Home Loan Background Information

USDA mortgage loans are designed to make home ownership accessible to low- to moderate-income families in rural areas. Luckily for you, the USDA defines "rural" in such a way that most homes in Camden, Miller, and Morgan counties qualify. Depending on your household income, you may be eligible for 100% financing (and lower interest rates) the next time you buy a home at the Lake of the Ozarks.

Benefits of a USDA Home Loan

USDA home loans allow you to finance 100% of your home. You can even add the cost of the mortgage insurance fee that USDA requires and eligible home repairs into the total loan amount. By adding these extra costs into the total amount of the loan, you are able to save money on closing costs and other upfront expenses associated with buying a home.

Thanks to their below average insurance rates, USDA home loans are very affordable. They are structured very similarly to conventional loans (monthly payments toward a 30-year mortgage are standard), but they do not charge the same fees of conventional loans. For example, if you take out a conventional loan with less than 20% down, you will be required to pay for private mortgage insurance (PMI) until you've paid back 20% of the principle. Instead of this conventional PMI practice, USDA assesses a one-time 2% fee of the total loan upfront (which can also be financed through the loan) and a 0.4% annual fee. As you pay back your loan and your principle decreases, then, so will your annual fee.

USDA Home Loan Qualifications

In order to qualify for a USDA home loan, you must meet two primary requirements:
  • The property must be in a USDA-eligible area
  • The buyers' household income must not be greater than 115% of the area's average income
A mortgage lender can help you determine whether or not you meet these criteria. You can also go to this website and search your property address to see if it meets the rural qualifications. 

By the way, you only have to meet the above income requirements when you take out the loan. There is no problem with increasing your income after you have begun making payments on the loan.

Gattermeir Davidson Can Help You Find Your Dream Home!

Buying real estate at the Lake of the Ozarks is more affordable than you think. If you and your family are ready to purchase a new home, come see us at Gattermeir Davidson Real Estate. We would love to work with you to find your dream home!

Stay connected with Gattermeir Davidson Real Estate, LLC!

2011 REALTOR Salesperson of the Year
Missouri Association of Realtors

Gattermeir Davidson Real Estate, LLC
752 Bagnell Dam Blvd., Suite A
Lake Ozark, MO 65049

Office | 573.365.1555
Fax | 573.365.1766

Friday, January 16, 2015

Using Social Media to Sell Your Home - 6 Tips

Let's face it: social media has become a huge part of our everyday lives. Most people check their Facebook or Twitter feeds several times per day, constantly absorbing more information about the world and their community. The good news for you is that you can use this increased reliance on social media to sell your home at the Lake of the Ozarks! As your trusted Lake Realtors, the team at Gattermeir Davidson is here to provide you with social media strategies for selling your home.

Tip #1: Use Your Personal Accounts

The first (and probably biggest) resource you should turn to is your own personal social media network. Post on your personal Facebook, Twitter, Instagram, and other social media accounts that you are selling your home, and encourage your friends and followers to pass the word along. Before you know it, your mom's uncle's friend's brother might show up asking for a tour of your home!

A word of advice: while it's important to take advantage of your personal networks, be careful not to over-post about your home. Posting too frequently may cause your friends to get annoyed with all of your updates about your home, and they may be less inclined to help you. 

Tip #2: Upload Video Tours

Video has become the content format of choice. The videos do not need to be professionally done - filming a simple walk-through of your home on your smart phone can be just as effective. Videos are interactive, attention-grabbing, and great tools to help generate interest in your home.

Tip #3: Upload Photos

Create a Facebook album filled with photographs of your home. No one will buy a home based solely on a verbal description - prospective home buyers want to see detailed photographs of the home. Upload photos of your kitchen, living room(s), bathrooms, bedrooms, the view, and any other unique features and prominent selling points of your home.

You can encourage your Facebook friends to share your album so it will reach more people. If you're going to do that, though, make sure the album's privacy settings are set so that everyone can view the album. 

Tip #4: Post About Your Neighborhood

When people buy homes at the Lake of the Ozarks, they're not just buying that particular piece of property. They're also buying a piece of the neighborhood and surrounding community. Generate more interest in your home by posting information about your neighborhood and any local events you have enjoyed attending. This added information will likely make your home much more appealing to prospective buyers.

Tip #5: Create Facebook Events For Your Open House

Have you and your Realtor set a date for an open house? Create a Facebook event for it, and invite everyone on your friends list. In the event description, describe the highlights of your home and ask your attendees to invite anyone else they know who might be interested in buying a house. 

Tip #6: Ask Gattermeir Davidson For Help!

These tactics you can use on your own are great, but they don't have to stop there. Teaming up with a professional real estate agency at the Lake of the Ozarks can help you get the word out about your home even faster. Gattermeir Davidson Real Estate has an extensive social media network that can help expand your reach. If you're thinking about selling your home at the Lake, we would love to talk with you!

Stay connected with Gattermeir Davidson Real Estate, LLC!

2011 REALTOR Salesperson of the Year
Missouri Association of Realtors

Gattermeir Davidson Real Estate, LLC
752 Bagnell Dam Blvd., Suite A
Lake Ozark, MO 65049

Office | 573.365.1555
Fax | 573.365.1766

Wednesday, January 7, 2015

Meet Salesperson Donny Hibdon!

It's time for the next installment in our "Get to Know Gattermeir Davidson Real Estate Team" series! This week, we interviewed one of our salespersons, Mr. Donny Hibdon. Donny is a very talented real estate agent at the Lake of the Ozarks and he looks forward to getting to know you and your family!

How long have you lived at the Lake of the Ozarks?
I have lived at the Lake of the Ozarks all my life, or 60 years. I was born in Versailles, Missouri on April 21, 1954 and grew up there.

Where did you attend college? 

I graduated from Morgan County RII schools in Versailles in 1972. I did not attend college.

How did you get involved in the real estate industry?

I started selling real estate in 2004, after several years in the manufacturing industry.

What is your position at Gattermeir Davidson? What is your favorite part about your job?

My position with Gattermeir Davidson is a real estate associate. I would say my favorite part about my job is working with the public and getting that heart-warming feeling when you help someone find their dream home. I am very proud of my position and proud to represent Gattermeir Davidson.

Who is your family? Do you have any pets?

I am very fortunate to have my wonderful wife, Lisa, who is a teacher at Morgan County RII school in Versailles. She gives the support I need to be a successful real estate agent. I have three daughters. My oldest is Brandy who lives close by in Gravois Mills and has blessed me with three grandsons: Dylan (age 10), Brandon (age 15), and Andrew (age 18). My next daughter is Lacy who lives in Springfield, Missouri. She has two children: McKenzie (age 9) and Elijah (age 7). My youngest daughter is my pride and joy, Maddy, who is 16 years old. 

I also have a son who is 35 and lives in Heaven. God decided on October 9th, 2001 (when my son was 23) that he would make a great addition to his team of angels and he watches over me every day. My son left me with his son, Hesston, who is now 17 years old. I am also blessed with a great stepson, Josh Klein, who is 24 and just graduated from SMSU and started his new career as a small business advisor for the state of Missouri. We also have two dogs, Spud and Lilly, two cats, and one kitten.

What is something very few people know about you?
I don't think I say this enough, but the thing I am very grateful for is the opportunity God has given me to still be in this life! I have not had a great track record for my health. I just hope everyone knows how much I love and care about them.

What is your favorite movie?

My favorite movie of all time is "The Notebook" with James Garner.

What do you enjoy doing in your spare time?

In my spare time, I like to fish and keep my vehicles clean. I like spending time with my wife on her days off and spending time with my family. I also really love to watch my daugther Maddy play volleyball. 

When you were little, what did you want to be when you grew up?

I always remember being really intrigued with the law when I was younger, and I hoped that someday I would become an attorney. Unfortunately, my parents were not in the position to put me through college and I had to go to work at a young age. Now, I am just making my life as the best real estate agent I can possibly be.

If you could have any superpower, what would it be?

If I was granted one super power, it would definitely be the power to keep loved ones from leaving this world too soon.

Stay connected with Gattermeir Davidson Real Estate, LLC!

2011 REALTOR Salesperson of the Year
Missouri Association of Realtors

Gattermeir Davidson Real Estate, LLC
752 Bagnell Dam Blvd., Suite A
Lake Ozark, MO 65049

Office | 573.365.1555
Fax | 573.365.1766

Tuesday, December 30, 2014

New Year - New Home

It's official - tomorrow is New Year's Eve! The turn of the calendar year is such an exciting time. It's a chance to reflect on everything that happened this past year, to evaluate what went well and what didn't, and to plan ahead for the coming year. 

As the top Realtors at the Lake, all of us at Gattermeir Davidson Real Estate want to remind you that there's never been a better time to relocate to the Lake of the Ozarks. If you've been considering moving for a while, now is the time to make it happen! We invite you to kick off your New Year with a brand new home. Here is a snapshot of some of the fantastic interior and lakefront properties for sale at the Lake of the Ozarks.

1652 Hawk Hill Ct ~

 Lake Ozark, Missouri

This magnificent estate is located on two lots, boasting incredible lake views from multiple vantage points. With 7 bedrooms, 6.5 baths, 1.15 acres, and 5,703 square feet (and don't forget about the stone fireplace and vaulted ceilings!), you'll certainly have to see this home to believe it. Listed at $699,900.

1310 Homm Hill Ct ~ Osage Beach, Missouri

This first-class property is nestled peacefully in the woods, seemingly far away from the hustle and bustle of downtown Osage Beach... but it's actually only minutes away from shopping, dining, and the hospital! This beautiful home offers 5 bedrooms, 3 full bath, 2 half baths, 22 acres, and 4,100 square feet. It's perfect for an Osage Beach getaway! Listed at $499,900.

25 Antique Rose Lane ~ Camdenton, Missouri

This upgraded, custom brick home is conveniently located right off of highway 5, in between Camdenton and Lebanon. Featuring beautiful wood, tile, and slate floors, this incredible interior home is fit for a king. Contact Gattermeir Davidson for a showing of this 4 bedroom, 3.5 bath, 3 car garage, 4,200 square foot home. Listed at $449,500.

335 Evergreen Drive ~ Four Seasons, Missouri

This Four Seasons home is ready to sell! With a nice kitchen that opens directly into the dining room and living room (and a large deck right off of the dining room), this home is perfect for entertaining. The garden area and fenced yard make it a perfect choice for families with young children. This home offers 3 bedrooms, 3 full bathrooms, a 2 car garage, and 1,500 square feet - and don't forget about all the Four Seasons amenities! Four Seasons homeowners get access to pools, playgrounds, camp grounds, boat ramps, and more. Listed at $125,000.

These properties each have something unique to offer in their own right, but they are a mere sampling of all the properties listed with Gattermeir Davidson Real Estate. Check out our website for a full list of all our featured properties for sale at the Lake of the Ozarks.

See something you like? Contact us to schedule a showing!

Stay connected with Gattermeir Davidson Real Estate, LLC!

2011 REALTOR Salesperson of the Year
Missouri Association of Realtors

Gattermeir Davidson Real Estate, LLC
752 Bagnell Dam Blvd., Suite A
Lake Ozark, MO 65049

Office | 573.365.1555
Fax | 573.365.1766

Monday, December 22, 2014

7 Last-Minute Christmas Decorating Tips (That Don't Look Last-Minute)

Surprise! Your in-laws are coming to your house to celebrate Christmas!

... But since you weren't expecting company, none of your Christmas decorations are up. 

Don't panic! We've all been there. This holiday season, the team at Gattermeir Davidson is here to help. Here are seven easy, last minute-holiday decorating ideas (that don't look last-minute).

Holiday Wreaths

Never underestimate the power of a first impression. Even if your indoor decorations are incredibly minimal (or nonexistent), a holiday wreath on your front door sends a warm, cheery, Christmassy greeting to all who enter your home. 

Ornamental Displays (Option 1)

Even if you didn't have time to hang them on your tree, that doesn't mean that all of your Christmas ornaments have to spend their holiday season packed away in a box. Filling clear glass vases with bright Christmas ornaments is a wonderfully easy way to add holiday cheer to your home. You can also spruce things up by placing ornaments in or on top of candle holders.

Ornamental Displays (Option 2)

Who knew there were so many great ways to decorate with ornaments? (In addition to the obvious tactic of hanging them on your tree, that is.) If you don't want to hang them from your tree or display them in vases, you can hang them from furniture, picture frames, or other pieces that stay in your home year-round. Hanging ornaments from the handles on your kitchen cabinets and from your chandelier adds a delightful, surprising element of Christmas cheer where you least expect it.

Window Decals

What could possibly be easier than putting stickers on your windows? When used appropriately, Christmas-themed decals are very effective (and wonderfully simple) Christmas decorations. Not only that, but chances are your little ones will be more than happy to help put them up!

A few strategically placed Christmas decorations give
your home a unique holiday flair - with very little effort!

Christmas Candies

These decorations look good enough to eat! When placed in glass bowls and/or jars, deliciously enticing Christmas candies double as lovely Christmas decorations. Candy canes, peppermints, chocolates... Pick your favorites!

Christmas Cards

This is the ultimate Christmas decorating hack, because you don't have to do anything out of the ordinary! When friends and family send you Christmas cards, simply set them out for display. Just lay them out across a flat surface or open them slightly so that they prop themselves up vertically. This shows off their beautiful Christmas scenes and sentiments, adding a Christmas glow to your home... at no additional effort on your part.

Mirrored Messages

For surfaces that we spend a decent amount of time in front of every day, mirrors are often overlooked. They have wonderful decor potential, however! Use temporary window markers and/or paint (available at most craft stores) to write holiday greetings on the surfaces you and your guests will look at every morning, every night - possibly many times in between!

Who knew that decorating your home at the Lake of the Ozarks could be so incredibly simple? What other Christmas home decoration ideas do you have? We'd love to hear them!

Stay connected with Gattermeir Davidson Real Estate, LLC!

2011 REALTOR Salesperson of the Year
Missouri Association of Realtors

Gattermeir Davidson Real Estate, LLC
752 Bagnell Dam Blvd., Suite A
Lake Ozark, MO 65049

Office | 573.365.1555
Fax | 573.365.1766

Wednesday, December 17, 2014

Lake Ozark Condo For Sale!

Looking for a part-time or full-time place to call home at the Lake of the Ozarks? Sometimes, individual condo units can serve as an affordable, convenient alternatives to a house. Condos often come with a unique set of amenities and valuable perks - and this magnificent unit for sale in Lake Ozark is no exception!

68 Lighthouse Road, Unit 1010

Located in Lake Ozark, one of the fastest-growing communities in the Lake Area, this Lake of the Ozarks condo serves as the perfect weekend landing zone for you and your family or your full-time residence. With four bedrooms and four full bathrooms spread out over 2,750 square feet, this gorgeous unit far exceeds most people's expectations of condos at the Lake.

Here's a quick overview at all of the great features this condo has to offer:
  • 2,750 sq ft
  • 4 Bedrooms
  • 4 Bathrooms
  • Large Screened Porch
  • Lower Deck
  • Breathtaking Lake View
  • Second Guest Room with Private Bath

If you look more closely, you'll find the...
  • Gas Fireplace
  • Granite Counter Tops
  • Wet Bar
  • Large Jetted Tub
  • Culture Marble Shower
  • Hardwood Floors
  • Walk-In Closet
  • Interior Sound System
  • Custom Cabinets

Subdivision Amenities

Living in a condo at the Lake has definite advantages. This private end unit comes with fantastic subdivision amenities, such as...
  • Community Pool
  • Playground
  • Elevator
  • Reserves
  • Sewer
  • Trash
  • Water/Well
Two 40' boat slips, two PWC slips, and a garage are also available for purchase!

This incredible condo is listed for $395,000. It certainly won't last long, so be sure to contact the Gattermeir Davidson Real Estate team to schedule a showing today!

Stay connected with Gattermeir Davidson Real Estate, LLC!

2011 REALTOR Salesperson of the Year
Missouri Association of Realtors

Gattermeir Davidson Real Estate, LLC
752 Bagnell Dam Blvd., Suite A
Lake Ozark, MO 65049

Office | 573.365.1555
Fax | 573.365.1766
Mobile | 573.74