Thursday, July 30, 2015

Fantastic Waterfront Home For Sale In Gravois Mills!

It's time to treat yourself to the home you've been dreaming about!

Your friends at Gattermeir Davidson Real Estate want to be the first to tell you about this incredible waterfront home for sale at the Lake of the Ozarks. It's comfortable, it's spacious, and it's right here waiting for you! This home is located at 32082 Dunwandrin Road, Gravois Mills and is priced at only $349,900.

Waterfront Home For Sale In Gravois Mills, Missouri

With 130 feet of shoreline and a view that doesn't stop, this single-family home is perfect for anyone looking to relocate or purchase a second home at the Lake of the Ozarks. Tucked away on the 7 mile marker, this home is surrounded by incredible scenery and an amazing atmosphere that is sure to make you feel instantly at home.

This home strikes the perfect balance between spacious and cozy:
  • 2,143 Square Feet
  • 4 Bedrooms
  • 3 Bathrooms
You and your family will have plenty of room to spread out without feeling overwhelmed by the space. 

This home also offers great additional features, so you can enjoy some fantastic luxuries - without paying "luxury price!"

Wood-Burning Fireplace
Perfect for keeping you and your family cozy and warm on snowy winter evenings!


Swim Platform
Jump in to your own little section of the Lake of the Ozarks from your private swim platform.

Covered 2-Well Dock
Bring a boat - or two! This covered two-well dock will keep your boats safe and protected while giving you easy access to the Lake. There's also a locker already installed on the dock and ready for use.

Lower-Level Patio
Underneath the upper-level deck, this home has a lower-level cement patio overlooking the Lake. Ideal for entertaining!


Contact Us For A Showing!

With so many fantastic features, this property won't be on the market for long! Contact one of our Lake of the Ozarks Real Estate Agents 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

Thursday, July 23, 2015

What Is Included In The Closing Costs?

If you've ever purchased a home before (or talked to someone who has), you are probably well aware that the price of the home is not the total cost you will be expected to cover. When you buy a house at the Lake of the Ozarks, you will also have to pay for the closing costs associated with the purchase of the home. Closing costs can often seem like an unknown factor for people who are buying property, but the team at Gattermeir Davidson Real Estate is here to explain the process.


What Are Closing Costs?

Buying a house is not a one- or two-person job; real estate transactions require the cooperation of several different professionals. The closing costs cover the fees for the professionals' various services. Typically, these closing costs can range anywhere from 2.5-5% of the home's total sale price. They very greatly from transaction to transaction and there is no way to predict in advance exactly what your closing costs will be; however, your mortgage lender is required to give you a Good Faith Estimate (GFE) that should provide a general estimate for your expected closing costs. Keep in mind that the closing costs are allowed to vary in either direction up to 10%, so the number shown on your GFE may be very different than the actual number on the HUD-1 settlement statement you receive the day before the closing.

What Is Included In The Closing Costs?

As we said, the closing costs cover all the other expenses associated with the process of buying real estate at the Lake of the Ozarks. While the exact fees and services will vary depending on the transaction details, here are a few of the services typically covered in the closing costs:
  • Title Insurance
  • Title Search Fees
  • Credit Check
  • Escrow Deposit
  • Appraisal Fee
  • Homeowner's Insurance
  • Processing Fee
  • Underwriting Fee
  • Property Tax
  • Homeowners Association Fees
There are several other services included in the closing costs, but this list provides a broad overview. Notice that the commissions for the Lake of the Ozarks real estate agents are not included in the closing costs - these are paid separately by the seller.

Can You Get Out Of Paying The Closing Costs?

There are several different ways to lower the amount of closing costs up front, but some of them are not necessarily the most frugal. Here a few common ways that people cut down on the closing costs:
  • Depending on the type of mortgage loan you are getting, you may be able to include some of the closing costs into the total amount of your loan. This lowers the amount that you will be required to pay up front, but it means you will have to pay interest on the remaining closing costs.
  • In some cases, the lender will lower the closing costs in exchange for a higher interest rate on the loan.
  • Sometimes, the buyers can negotiate with the sellers to cover part of the closing costs.
We hope that this overview helps you get a better understanding of the closing costs and helps to ease any concerns you may have! If you have other questions about the closing costs or would like to talk further about the process of buying a house at the Lake of the Ozarks, feel free to give us a call. We would be happy to meet 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

Thursday, July 16, 2015

Turning Your Laundry Room Into A Selling Point: 7 Tips

When you're selling your house at the Lake of the Ozarks, every square inch counts. Your home should shine, glisten, and gleam like never before. Not only that, but your staging efforts should maximize every inch of space so your prospective buyers can fully understand everything your home has to offer. By paying attention to the little details now, you will most likely be able to sell your home much, much more quickly.

The laundry room is a great example of a room that most sellers tend not to put as much effort towards staging, but that can become a fantastic selling point if used strategically. These simple suggestions will get you started on the right track!


1. Light It Up
Almost without exception, brightly lit homes sell more quickly than their dimly lit counterparts. Since laundry room are typically small, interior spaces, adding a new light fixture and/or a bulb with higher wattage can make a big difference.

2. Install A Sink
If you have the space, adding a big (or even a small) sink to your laundry room can generate more buyer interest. This feature is a practical addition that can make your home stand out above the rest.

3. Add A Fresh Coat Of Paint
Putting a fresh coat of paint on the walls can lighten and brighten any room in the house, and the laundry room is no exception. New paint will make the room seem clean and inviting - a major attractant for buyers! If you want to go above and beyond, consider tiling the floors or walls. You'll be surprised what a difference it can make!

4. Put In Some Cabinets
Shelves are fairly common in laundry rooms, but they are not always the most attractive options. Because their contents are exposed, shelves frequently look cluttered and messy. Cabinets keep their contents behind closed doors, which can help you keep things looking spic and span.

5. Use Baskets Or Bins
If you have to stick with the shelves, using baskets or bins is your next best option. By placing your detergents, soaps, and any cleaning materials in the bins, you can create a picture of a clean, organized space.

6. Get Artsy
Don't be afraid to let your laundry room get a little artistic! If you have extra wall space, filling it with fun art pieces can be a great way to add interest and brighten up the space.

7. Hide YOUR Laundry
If done correctly, a staged laundry room can be a great selling point. However, while buyers will obviously understand the purpose of the laundry room, they don't want to see evidence of your laundry laying around. Put away all your clothes before showings (or at least tuck them out of sight) and make sure everything is spotless before buyers enter the house. This extra work now will pay off big-time in the long run!

Need A Seller's Agent? We Are Here For You!
By following these suggestions, you should be well on your way to creating a beautiful laundry room that will grab the attention of any buyer. If you are planing to sell your home soon, contact one of our Lake of the Ozarks real estate agents to represent you. We can help you market your home and negotiate with your prospective buyers to reach the optimum selling price. Let's get started!

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, July 10, 2015

How Much Do You Really Need For A Down Payment?

Trying to decide if you're ready to buy a house at the Lake of the Ozarks? It should come as no surprise that finances are major factor most people in your situation have to consider. Your house is likely the largest purchase you will ever make in your life, and you have to be sure that you are ready!

The down payment is often the biggest obstacle that prospective home buyers have to face, so it should come as no surprise that finding out how much they need for a down payment is a top priority for most buyers. Unfortunately, there is no magic answer that indicates how much your down payment will be, as down payments vary according to several different factors and different types of mortgage loans have different requirements. Here's a quick look at some of these various factors.


What Is The Down Payment?

First, let's start with a little background info on the down payment. Since the vast majority of people who purchase homes are unable to do so without a loan, they apply for mortgage loans to help them with the process. The down payment is the money that the buyers provide upfront to put toward the purchase of the home, which lowers the required loan amount. For example, if you're buying a house for $200,000 and you put $50,000 down, you will only need a loan for $150,000.

For the lender, the down payment is assurance that you are serious about the purchase and gives them reason to believe that you will pay back the mortgage loan as agreed. For the buyer, the down payment is money that they won't have to pay back with interest at a later date.

What Is The Standard Down Payment Amount?

Traditionally, almost every conventional home loan required a 20% down payment. This means that if you were buying the same house mentioned above for $200,000, your required down payment would be $40,000. Depending on the price of your new home, then, 20% can be a substantial amount. While there are certainly still mortgage loans available that require 20% down, new loans with lower down payments are becoming increasingly popular.

What Is The Modern Down Payment Amount?

As the homeownership rate continues to rise, most lending companies are trying to make it easier and more affordable for people to buy their own homes. Loans requiring 10% down have become increasingly popular, and we are starting to see conventional loan opportunities advertising 5% down and even as little as 3% down. If you're buying the aforementioned home for $200,000 and only have to put 3% down, you will only have to provide $6,000 upfront.

Keep in mind, however, that if you provide less than a 20% down payment, you may be required to pay for PMI (Private Mortgage Insurance) until you have paid off 20% of the home's total price.

Is There Ever A Time When You Don't Have To Provide A Down Payment?

Actually, there is. Some unconventional loans require 0% down - that is, you can finance the total amount of the home. In some cases, you may even be able to include some of the closing costs into the total loan amount. The two types of loans that offer 0% down options are VA Loans and USDA Loans.

VA Loans are only available to active duty personnel, retired veterans, or (in some cases) their surviving spouses. USDA Loans are only available to individuals who meet "low income" requirements and whose desired homes are zoned in a "rural" county (Miller, Morgan, and Camden County qualify). See our earlier blog to learn more about USDA loans.

Happy House Hunting!
If you haven't already realized it, buying a house is more affordable than you may think! If you're ready to look at different homes for sale around the Lake of the Ozarks, give our team of experienced real estate agents a call. We would be happy to show you around!


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, July 1, 2015

13 Crucial Fireworks Safety Tips

Nothing says "Happy 4th of July" like orchestrating a stellar fireworks display in your backyard! Families all over the Lake Area (and everywhere else in the country) will light off hundreds of thousands of fireworks on the 4th of July. Fireworks a lot of fun and a great way to celebrate our nation's independence, but they can also be very dangerous if used irresponsibly.

If you're planning to host one of these displays for your family and friends, it's important to make sure you're taking the proper safety precautions. The team at Gattermeir Davidson Real Estate is here to help you keep your family safe with these simple but critical fireworks safety tips.


Firework Safety Tips

1. Don't allow young children to light fireworks.

2. Never attempt relight fireworks that did not go off.

3. Don't pick up fireworks that did not go off.

4. Keep your pets indoors while lighting fireworks outside.

5. Keep a garden hose or a bucket of water nearby in case you need to extinguish any flames.

6. Do not wear loose-fitting clothing while lighting fireworks - it may get in the way.

7. Dunk used fireworks in water before throwing them away.

8. Make sure an adult supervises kids with sparklers. (Sparklers can burn at up to 1,200 degrees Fahrenheit.)

9. Do not light fireworks near dry grass or leaves.

10. Only use fireworks as directed by their product labels.

11. Make sure fireworks are directed away from the spectators.

12. Light one firework at a time and get out of the way quickly.

13. If a child or adult is injured by a firework, seek medical attention immediately.

Have A Happy & Safe 4th Of July!

On behalf of all our Lake of the Ozarks real estate agents, we hope you and your family have a safe and happy holiday! If you would like to view some of the homes for sale at the Lake of the Ozarks while you're in town, don't hesitate to give us a call! Our agents will be available all weekend long to help you and your family find the new 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, June 26, 2015

What Is The Purpose of Rent-To-Own?

Are you thinking about buying a home, but aren't ready to make the financial commitment yet? Maybe your credit rating isn't quite where you want it to be, or perhaps you don't have the savings to provide a down payment. If either of these situations apply to you, we may have great solution for you: renting to own.


What Is The Purpose Of Rent-To-Own?
A rent-to-own agreement is similar to a car lease. Buyers agree to rent a home from the seller for a specified amount of time (generally one to three years). At the end of their lease, the buyers will have the opportunity to buy the home or walk away from the arrangement.

Typically, the agreement requires that the buyers pay a little bit more in monthly rent than a regular renter would pay, but that extra money is put towards the purchase of the home at the end of the lease. If the buyer chooses to back out of the agreement and not purchase the home at the end of the lease, the sellers will get to keep the extra money.

Rent-To-Owns Benefit Everyone
Rent-to-own homes offer unique benefits for both the buyers and the sellers that can make them an attractive alternative for people thinking about buying or selling homes at the Lake of the Ozarks. Here is a quick look at some of these advantages.

Buyers:
  • You don't need to put a lot of money into a down payment.
  • Your credit rating does not have to be as high as it would be to get a mortgage loan.
  • You already have some equity built up when it is time to buy the home (so your total purchase price will be lower).
  • If you decide to walk away from the agreement, your only consequence will be losing the extra rent payment.

Sellers:
  • If you are having trouble selling your home, offering a rent-to-own option could help your property appeal to a wider range of buyers.
  • If the buyer chooses not to buy your home at the end of the agreement, you get to pocket the extra rent money.
  • Your purchase price is already locked in, so you won't suffer if the market drops during the course of the lease.
  • Because your tenants are future owners, you can trust them to take better care of the property.

Questions? We Can Help!
Do you have questions about the rent-to-own process? Feel free to contact our Lake of the Ozarks real estate office any time - we would be happy to help you out in any way we can! Our number one goal is to help you find your dream home at the Lake of the Ozarks. We look forward to working 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, June 17, 2015

Ozarks Amphitheater GRAND OPENING

Big things are happening at the Lake of the Ozarks! This Thursday, June 18th at 7:00 PM marks the grand opening for one of the Lake Area's hottest new attractions: the Ozarks Amphitheater!


Ozarks Amphitheater Grand Opening - Thursday, June 18th

In order to celebrate their grand opening, the Ozarks Amphitheater will host a fantastic concert with FREE ADMISSION to anyone who wants to come! The award-winning blues vocalist Sena Ehrhardt will be delivering the grand performance, and local musician Shawn C will serve as the opening act. To top it all off, Ozark Distillery will be offering free tastings! Lake TV Sports Director / TV Personality William Holtz will host the event. Ozarks Amphitheater will also be accepting donations for C.O.P.S. (Concerns Of Police Survivors).

Here's a quick rundown of the evening's timeline:
  • 7:00 PM - Doors Open
  • 8:00 PM - Show Begins
  • 9:30-10:00 PM - Meet N' Greet
Admission is free, but Ozarks Amphitheater requests that you reserve a seat online to let them know that you're coming! Seating is first come, first serve, so get there right at 7:00 to get the best seats in the house.

Ozarks Amphitheater Background and 2015 Season

The grand opening is event is only one night, but this fantastic new attraction has some great shows lined up for the rest of the year. Formerly Stone Ridge Amphitheater, the all-new Ozarks Amphitheater is the only open-air performance venue at the Lake of the Ozarks with seating for more than 10,000 people. The venue was built in 1993, and since then has hosted many big acts including Blues Traveler, Willie Nelson, and Foreigner. 

Shawn C
This year, Ozarks Amphitheater has locked-in concert dates for Tracy Lawrence, The Ozark Mountain Daredevils, and major cover bands including Get The Led Out - The American Led Zeppelin, Grateful Dead Experience: The Schwag, and The Music Of Abba: Featuring Arrival From Sweden. It should be a great season!

The amphitheater is located just off of the Pier 31 exit on north highway 5 in Camdenton, near Bridal Cave. Be sure to check them out!

Want To Become A Part Of The Lake Community?
The Ozarks Amphitheater is just one of many new attractions coming to the Lake Area. If you love the Lake and plan on visiting several weekends this summer, it may be time to think about buying a condo at the Lake of the Ozarks! If you would like to become a permanent member of our great community, the team at Gattermeir Davidson Real Estate would love to help you buy a Lake of the Ozarks home. Give us a call for more information!

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