Interest Rates Hit 6 Month Highs

Rates on fixed rate 30 year mortgages rose for the fourth straight week, hitting 4.61 today.  That’s up from the 4.17 percent record lows of just a month ago.  While I won’t go into a long diatribe about why rates are climbing, I will voice my opinion that if you are looking to buy a home and will need a mortgage it would behoove you to take action as quickly as possible.

Homes for Sale In Branson, Mo

Showing properties 1 - 25 of 253. See more Branson Homes For Sale.
(all data current as of 2/8/2012)

  1. 5 beds, 3 full, 1 part baths
    Home size: 4,392 sq ft
    Lot size: 22,651 sq ft
    Year built: 1994
    Parking spots: 3
    Days on market: 1
  2. 4 beds, 3 full baths
    Home size: 2,595 sq ft
    Lot size: 23,522 sq ft
    Year built: 2004
    Parking spots: 2
    Days on market: 1
  3. 3 beds, 2 full baths
    Home size: 1,405 sq ft
    Lot size: 6,098 sq ft
    Year built: 2003
    Parking spots: 2
    Days on market: 1
  4. 3 beds, 2 full baths
    Home size: 1,618 sq ft
    Lot size: 17,424 sq ft
    Year built: 1996
    Parking spots: 2
    Days on market: 2
  5. 3 beds, 2 full baths
    Home size: 1,567 sq ft
    Lot size: 11,325 sq ft
    Year built: 2007
    Parking spots: 2
    Days on market: 2
  6. 2 beds, 2 full baths
    Home size: 1,600 sq ft
    Lot size: 6,969 sq ft
    Year built: 1960
    Days on market: 2
  7. 4 beds, 3 full baths
    Home size: 3,050 sq ft
    Lot size: 15,246 sq ft
    Year built: 2008
    Parking spots: 2
    Days on market: 4
  8. 4 beds, 2 full baths
    Home size: 1,532 sq ft
    Lot size: 7,405 sq ft
    Year built: 2004
    Parking spots: 2
    Days on market: 4
  9. 4 beds, 2 full baths
    Home size: 2,732 sq ft
    Lot size: 7,405 sq ft
    Year built: 2004
    Parking spots: 2
    Days on market: 4
  10. 3 beds, 2 full baths
    Home size: 1,500 sq ft
    Lot size: 10,454 sq ft
    Year built: 2011
    Parking spots: 2
    Days on market: 6
  11. 3 beds, 1 full, 1 part baths
    Home size: 1,768 sq ft
    Lot size: 12,632 sq ft
    Year built: 1993
    Parking spots: 2
    Days on market: 6
  12. 4 beds, 2 full, 2 part baths
    Home size: 2,864 sq ft
    Lot size: 32,670 sq ft
    Year built: 1992
    Parking spots: 2
    Days on market: 7
  13. 3 beds, 2 full baths
    Home size: 1,614 sq ft
    Lot size: 20,908 sq ft
    Year built: 1999
    Parking spots: 2
    Days on market: 7
  14. 4 beds, 2 full, 1 part baths
    Home size: 2,112 sq ft
    Lot size: 13,068 sq ft
    Year built: 1993
    Parking spots: 2
    Days on market: 7
  15. 3 beds, 2 full baths
    Home size: 1,684 sq ft
    Lot size: 11,761 sq ft
    Year built: 2004
    Parking spots: 2
    Days on market: 8
  16. 4 beds, 3 full, 1 part baths
    Home size: 3,464 sq ft
    Lot size: 13,503 sq ft
    Year built: 1995
    Parking spots: 2
    Days on market: 9
  17. 3 beds, 1 full, 1 part baths
    Home size: 1,989 sq ft
    Lot size: 10,890 sq ft
    Year built: 1989
    Parking spots: 2
    Days on market: 9
  18. 2 beds, 1 full, 1 part baths
    Home size: 1,100 sq ft
    Lot size: 2.18 ac
    Year built: 1975
    Days on market: 9
  19. 3 beds, 2 full, 2 part baths
    Home size: 1,291 sq ft
    Lot size: 7,405 sq ft
    Year built: 1994
    Parking spots: 2
    Days on market: 9
  20. 5 beds, 3 full baths
    Home size: 3,466 sq ft
    Lot size: 2.90 ac
    Year built: 2006
    Parking spots: 3
    Days on market: 10
  21. 3 beds, 2 full, 1 part baths
    Home size: 2,000 sq ft
    Year built: 1971
    Parking spots: 2
    Days on market: 12
  22. 3 beds, 1 full, 1 part baths
    Home size: 1,897 sq ft
    Lot size: 11,761 sq ft
    Year built: 1992
    Parking spots: 3
    Days on market: 13
  23. 3 beds, 2 full baths
    Home size: 1,526 sq ft
    Lot size: 9,583 sq ft
    Year built: 1991
    Parking spots: 2
    Days on market: 13
  24. 5 beds, 3 full, 4 part baths
    Home size: 9,291 sq ft
    Lot size: 1.10 ac
    Year built: 2009
    Parking spots: 3
    Days on market: 14
  25. 4 beds, 3 full, 1 part baths
    Home size: 3,200 sq ft
    Lot size: 37,461 sq ft
    Year built: 2009
    Parking spots: 3
    Days on market: 14

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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.

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.

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9 Tips To Ready Your Home For Sale

When selling a home in a “buyer’s market”, you need your home to stand out. Since Branson is a very competitive market, the following 9 low-cost tips will help your home stand out:

1. Buy a new doormat
2. Put a fresh coating on your driveway (assuming its asphalt)
3. Clean your gutters
4. Edge the grass around your sidewalk and driveway
5. Put new doorknobs on your doors
6. Make sure toys and nicknacks are put away
7. Buy a new mailbox
8. Steam clean carpet
9. Finish honey-do lists that have been put off

If you would like more tips on getting your home ready for sale, give me a call at 417.337.1627 and we can discuss how to get top dollar for your home in a challenging market.

New Fall Creek Extension Finally Completed

Now that the City of Branson has opened the Fall Creek Extension from the Fall Creek Road / 76 junction to the Epps Road / Roark Valley Road, traffic flow in the area seems to be improved. Especially for homes on Fall Creek or down by Pointe Royale, this is exciting news — as they can now get to the north side of town in considerably less time. This should increase the pool of buyers that otherwise would not have been interested in driving the 20 minutes it used to take to get to the north side of town. Chalk it up as a win for Branson, Mo and area homeowners.

New Home Buyer Tax Credit Fueling Area Sales

While I generally like to make posts that include statistics to back up my assertions, I just had to opine that the area is abuzz with buyers looking to purchase their first homes, most of which are under the $135,000 range. In talking with other agents this morning, it is now very clear that this is by far the most active segment of the market. Though this assertion is purely anecdotal, we will get sales reports by the end of the month and I will write a follow up post to document the exact figures.

Fueling these sales are near no-money-down programs being sponsored by the USDA, FHA, and other governmental agencies. Buyers have been getting into homes with as little as 3% down, and have been having sellers cover closing costs (which can even include rolling outstanding credit card balances into the home loan, believe it or not!).

The majority of the buyers are young couples with steady employment that may have been priced out of the market a few years ago, but who now are in a great position as values fall and homes can be bought for under replacement value in some cases (meaning a builder could not construct the home for less than what buyers are buying them for). These deals cannot last forever, as supply and demand are getting much more closely aligned in the area, especially in the low $100,000 range — where there was not a huge run up in prices to begin with.

Already the amount of very desirable homes in this range has been drastically reduced as buyers closed before the old tax-credit deadline of November 30. Now that the first time home buyers tax credit has been extended to late next spring, there should be even more action in this range, which means buyers should take advantage now to get a great home at a good price — as many of the best homes will have been purchased by next spring.

If you would like more information about some of the great deals to be had for first time homebuyers, give me a ring at (417) 337 – 1627.

The information contained herein has been provided by Tri-Lakes Board of REALTORS®. This information is from sources deemed reliable but not guaranteed by Tri-Lakes Board of REALTORS®. The information is for consumers' personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

This IDX solution is (c) Diverse Solutions 2012.