Branson Market Improving As Interest Rates Drop

Just a quick market note…

I have been seeing more activity in the $200,000 – $350,000 range as buyers seemingly reach for more house as affordability improves. A year ago there was very little action in this price range, but since interest rates hit all time lows just weeks ago, buyers are making the decision to lock in lower rates for the next 30 years. If you are in the market for a new home and will be needing a mortgage, it might be a great time to pull the trigger. From my vantage point, rates could drop slightly lower but it is more probable that we are very near the bottom of the range going forward.

Additionally, if you are a seller it might make sense list your home sooner rather than later as affordability will fall if interest rates do go back up, allowing buyers to pay less as more of their monthly payment would go to servicing interest instead of principle.

In either case give me a call at (417) 337 – 1627 with all of your Branson Missouri Real Estate questions or needs.

Branson Creek is Building Homes

I was out at The Communities at Branson Creek yesterday just checking out the master planned community for some clients and boy was I surprised with their recent building activity. They have around 10 homes currently being built and more to come as those get sold. McMillin Communities, based in California, is the new builder in charge of construction and they seem to be adding rooftops at am accelerated pace compared to past years at Branson Creek. I’ve heard 4 homes have been pre-sold, which is great news for the local residential building industry. If you would like more information about Branson Creek and their diverse house plans and offerings, please feel free to call me on my cell at (417) 337 – 1627 or drop me an email.

When Offering on Homes, Keep the Big Picture in Mind

In keeping with the theme of affordable homes in Branson, Missouri, let’s talk about making offers. Most buyers get very hung up on the sales price of the home, which is understandable but not very practical. For instance, if a home is for sale for $150,000 and there are other offers on it, make your best offer and call it a day. When you take a $150,000 payment on a 30 year amortization schedule, there is very, very little difference from $145,000. In addition, most people never retire their mortgages as they move more often than every 30 years, so the paydown of the principle is modest difference at best.

Now I am not saying that you should be making full priced offers in every situation, or even in the majority of situations, but in this tight market under $150,000 it is a good idea as you may end up with a lesser home if you offer low and don’t get the home. Most buyers don’t want to hear this, but there is high competetion and not much inventory at this price range in the Branson, Mo area, which pushes prices higher. I don’t see prices getting any lower as many homes have been sold at or less than it cost to build them…and there aren’t many builders with starts in this price range as they can’t make enough money when building them to bother.

Moral of the story: Be aggressive with your first offer so you get a quality home. The difference in payment is nominal, and is especially small when amortizing and paying down the home over 30 years. So if you are in the market for a home in this price range, give me a call at (417) 337 – 1627 and I’ll go to work for you.

Affordable Homes in Branson, Missouri In Short Supply

In the past few months I have written a handful of posts about the lack of affordable homes for sale in the Branson, Mo area. Today’s post will be no different, as it is one of the most significant trends in the real estate market today. First time home buyers and buyers relocating to Branson have been scooping up this inventory at a ravenous pace, especially in a few choice subdivisions for this price range: Savannah Place off Bee Creek Road, Highlands of Branson on T Highway, Country Club Heights on East 76, and Emory Creek Ranch Estates on 248 north of the Highroad. All of these subdivisions are in the Branson school district and have an average price that makes the mortgage payments similar to a rent payment. This similar monthly payment combined with USDA loans and other programs that don’t necessarily require large down payments has been a boon for home sellers in this price range.

If you are reading this and are serious about purchasing a home in this price range, pick up the phone and give me a call at (417) 337 – 1627. A home is too big of a purchase to be pigeonholed into buying a home in a picked-over market. And one last thing, when you do find a home that you like in this price range, make your best of offer as the competition is too great for this price range to dally around with too many offers and counteroffers.

Trading Up Will Be Expensive In The Future

Lately I’ve talked with a few bankers and mortgage brokers here in Branson, Mo and we’ve come to a basic conclusion: buyers should purchase as much house as they can afford now because when interest rates rise from their current all time lows the difference in payments for the same size home will be staggering. Since we’ve basically had falling interest rates for the last 25-30 years, most prospective homebuyers have probably not stopped to think of the paradigm shift we are about to witness. If interest rates get to 10% in the next handful of years and the home you are selling was financed at 5%, you will not even be able to get close to the same price home for the same monthly payment, and likely won’t get in the home with as little as is required for down payment in many situations currently. So if you think you will “trade up” in the next few years, you may want to evaluate your current options and decide what fits your particular situation the best.

Now please don’t take this little note as a “sky is falling” warning — it is certainly not intended to be construed that way. I just wanted to give a little example of the foresight and thought I put into my job and what I bring to the table. I won’t just show you a home, I will advise you about all facets of the transaction — so feel free to call me at (417) 337 – 1627 if you have questions about buying or selling real estate in Branson or on Table Rock Lake.

What do you think of

I’d like to take a minute to ask you, the reader and potential real estate buyer or seller, what you think of my site and the information I provide. Do you find the site helpful and informative, or dull and boring? Is there other information that you’d like to see me write about that I currently haven’t? How is the functionality and look — appealing and useful, ugly and clunky (more…)

Siena at Branson Hills Is Shaping Up Nicely

While I was out and about on Sunday, I toured Siena at Branson Hills for the second time.  A lot of progress has been made and the development is really coming together.  The roads are in and a handful of models are nearing completion.  List prices start in the mid $300,000s, which seems reasonable for an active adult community that sits right in the middle of the newest master planned community in the area, Branson Hills.

The thing I like best about Branson Hills is the fact that it is  nearly all completed.  I know this might sound strange to out-of-area buyers, but so many developers promise the moon and the sky and simply don’t deliver.  With the Villas already complete, the RecPlex already open,  Eagle Bunker Condos finished, and the $30 million Payne Stewart Golf Club ready for play it is obvious that the developers of Branson Hills know how to plan, design, and complete large scale communities.

So if you are in the market for a low maintenance home in the newest area of Branson, with common sense protective covenants and a great architectural look, Siena at Branson Hills might just be the place for you!  Follow the link ( Branson Mo Homes for Sale — Siena at Branson Hills ) to one of home listings in Siena.

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