Real Estate at the Lake: What's Coming for 2015?

It seems that no matter how far in advance we begin planning for Christmas, it still sneaks up on us out of nowhere. Now here we are, caught up in the throes of last-minute wrapping presents and baking Christmas cookies, all the while dreaming of Santa's visit (and a day off!). 

I just wanted to take this opportunity to wish you and yours a very Merry Christmas from your trusted real estate agent at the Lake of the Ozarks. As 2014 draws to a close, I wanted to remind you that the start of 2015 is the perfect opportunity to buy your new Lake of the Ozarks home. 

Reasons To Buy a New Home In Early 2015

1. 3% Down Payments Are Now Available!

Gone are the days of scraping together 20% of the total price of the home to provide a down payment. Earlier in December, Fannie May and Freddie Mac formally announced the introduction of 3% down payments to home buyers in the United States. Now, home buyers with good credit history will be able to afford the homes they've been dreaming of. If you have questions about this new policy, contact Susan Spica, Lake of the Ozarks Real Estate Agent.

2. Interest Rates Are Still Low (But They're Climbing)

The housing market hit an all-time low in 2011, but it has been slowly recovering since then. Recently, we finally rounded the corner. The housing market at the Lake of the Ozarks has seen wonderful growth over the last year, and that growth is only expected to increase. As the housing market continues to regain strength, interest rates are expected to climb. They are still low right now, though, so take this opportunity to lock in an affordable rate!

3. Home Prices Are Expected Rise
As the housing market continues to improve, sellers may not feel the same sense of urgency to sell their home as quickly as they possibly can. Consequently, sellers are likely to ask higher prices for their homes and wait for the right buyer to come along. If you want buy a great home for a lower price, you will be better off acting sooner than later. (If you need help selling your home at the Lake of the Ozarks, give me a call at 573-280-0480.)

If you have any questions about real estate at the Lake of the Ozarks, please don't hesitate to reach out to me. I have twenty-five years of experience selling and buying homes at the Lake, and I look forward to working with you in the future.

Merry, Merry Christmas to you and yours!

Susan Spica, Professional Realtor

BerkShire Hathaway HomeServices
101 Crossings West, Ste. 202
Lake Ozark, MO 65049

Office: (573) 365-6868
Susan's Cell: (573) 280-0484
Gina's Cell: (573) 889-9477