13 Need To Know Real Estate Terms

If you aren't involved in the Lake of the Ozarks real estate market on a daily basis, you may hear some terms you are not familiar with. Whether you're a first time home buyer at the Lake of the Ozarks or you've purchased many properties throughout your life, it's important to know what these terms refer to. Your expert real estate agents in Sunrise Beach, MO are here to help! Take a look below for terms and definitions of common real estate terms.

Pre-Approval Letter:

Before you apply for a home loan or start your real estate search, it's a good idea to meet with your mortgage lender. They will check out your credit and financial situation to see how much you can be pre-approved for. This can give you AND your real estate agent a good idea of what price range in which you should be looking for a home.

Listing Agent:

The real estate agent who is assisting the home seller is known as the listing agent. This is the person or company who actually lists the home for sale and helps to promote the property in order to find a buyer.

Buying Agent:

The agent who helps the home buyer through the real estate transaction is the buying or buyers agent. From showing different properties to helping with negotiations, a buying agent works for the home buyers, during the transaction.

Contingency:

Any condition or requirement of the home stated during the offer is known as a contingency. The sale of many homes is contingent on the home inspection. Sometimes a home can even be contingent of the buyer selling their previous home. There are a number of contingencies, or required happenings for a home sale to go through.

Appraisal:

A mortgage lender will likely require an appraisal of the home you intend to purchase. This is when an appraiser will visit the home and take a look at similar homes in the area to decide upon an estimated home value. It can give your mortgage company a good idea of the worth of the home that they will be lending money toward.

Closing Cost:

Any fees that go into processing your home sale is known as closing costs. This represents the amount of money required to complete the transaction and is often due the day of closing. Tax, loan-processing fees, and title insurance are often wrapped into closing costs.

Mortgage Rate:

A mortgage rate is the rate of interest charged by your lender. The rate can come in different forms - fixed or adjustable. A fixed rate is decided at the beginning of a home loan and will stay consistent throughout the time of homeownership. An adjustable rate has variable interest rate time periods, usually 5, 7, or 10 years. At the point of adjustment, your rate can change - depending on a number of factors.

Escrow:

Escrow is a monetary account created at the beginning of your real estate transaction and held with a third party until the fulfillment of a condition. Many times taxes and insurance premiums are paid with this money you put down. An escrow account can also help you appear to be a more serious buyer to your real estate agent, mortgage lender, and home sellers.

Home Inspection:

During a home inspection a professional will come to the property involved in the transaction and look around the home. The interior and exterior of a home will be closely inspected to ensure the property is in safe condition for purchase.

Amortization Schedule:

A chart that shows how much of each payment is applied toward the principal and interest, over the lifetime of the loan. This also gives you a good idea of the decrease of the loan balance over time.

Home Warranty:

An optional insurance policy that is often purchased by home buyers that will cover repairs of home systems, such as the HVAC, water heater, and/or other appliances. Many times a home buyer will propose that a home seller pays for a year's worth of home warranty.

Title Insurance:

Insurance that protects the lender or the buyer is known as title insurance. This can help protect either party from a loss that arises from disputes over ownership of the property being sold.

Deed: 

A legal document that conveys the title to the property being bought is known as a deed. This is proof of ownership, when a home transfers names.

Now that you've hopefully learned a little more about these common real estate terms, you are better prepared to jump in! If you're looking to buy property or sell your home at the Lake of the Ozarks, our team can help. Eagle's Nest Realty has a wide range of experience to help you meet your real estate goals. Give us a call today at 573-374-0769 to schedule a consultation with one of our real estate agents at the Lake of the Ozarks.

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What to Expect During a Home Inspection

You've made an offer on a home and it's been accepted... now what? A number of things need to take place before you can close on the property. Your trusted real estate agents in Sunrise Beach, MO are here to dive a little deeper into one of the steps that will need to occur. A home inspection may be performed on the property in which you intend to purchase. This can help all involved parties know about the condition of the home and if any repairs are necessary. If you plan to buy a home at the Lake of the Ozarks, a home inspection may be in your near future! Check out what occurs below in order to be prepared when the time comes.

The purpose of a home inspection is to give the buyer and seller a "check-up" of the property. It's important to know exactly what you are getting, when buying a home at the Lake of the Ozarks. An inspector or team of inspectors will come to look around the inside and exterior of the home being sold. Many home transactions will have a contingency clause that depends on the home inspection. This can give the buyer or seller a way to back out of the deal, if something unexpected is reported in the home inspection.

Interior

When the inspector is inside the home, there are a TON of items they will address. From checking each electrical outlet and light switch to ensuring the appliances are in working order, it's their job to make sure all the major home functions are working properly. All plumbing and faucets will be checked, as well. An HVAC system will be inspected to ensure it is up to standard. All windows and doors will be checked for security and drafts too. Any damage to the structure will be noted, as well. Depending on the size of the home, this tedious process can take hours to complete.

Exterior

When an inspection is done of the exterior, the entire outside of the home will be looked over to ensure it is stable. The foundation will be inspected to ensure it is sturdy and in good condition. Exterior decks and any outdoor home systems will be looked over, as well. The purpose is to ensure the home is stable for the current and next owners, alike. The roof is another piece of the exterior inspection that will take place. From shingle condition to security of the gutters, the entire roof will be looked over to ensure any damage or other issue is reported.

Add On Tests

Many homes around the Lake area are on a septic system, versus city supply. A septic inspection can be performed to ensure the entire system is in proper working order. Another popular test is a radon detection test to determines if the odorless radioactive gas is present in the home. There are a number of other tests that can be added on to a home inspection, as well. It's best to describe the property to your inspector and see what they recommend.

Report

After the inspection has concluded, a lengthy report will be put together for review of both the buyer and seller. This helps to give everyone an idea of the property report and what items should be repaired. At this point, the buyer OR seller can make further negotiations on the purchase of the home. For instance, many buyers will make a counter to the agreed upon offer to add in any repairs that may be needed.

Now that you've hopefully learned a little something about the home inspection process, you're ready to get started with your Lake of the Ozarks home search. If you're thinking of buying land, a single dwelling home, or a condominium, Eagle's Nest Realty is here for you. We can help you find exactly what you're looking for when it comes to property at The Lake. Give us a call today to see how we can help you find your dream home at the Lake of the Ozarks!


Call (573) 374-0769 to schedule a showing today!

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Gorgeous Lakefront Home for Sale in Sunrise Beach

Quality workmanship and design can be found in this breathtaking and spacious lakefront home for sale in Sunrise Beach, MO. Complete with a gorgeous lake view in which you can enjoy on a daily basis as the new owner of this property. Amenities galore can be found in this home - ready for you and your family. The best real estate agents at the Lake of the Ozarks are here to help you take a deeper look into this beautiful, luxury home. 

Home Specs:

Bedrooms - 4
Baths - 4
Square Feet - 4,200
Schoool District - Versailles

Special Features:

-200 foot of lake front - just waiting for the dock of your choice to enjoy the wonders of the Lake of the Ozarks, #1 Recreational Lake in the United States.

-Gorgeous home with every amenity you could want and dream of.

-High quality craftsmanship can be found throughout this entire home and property. 

All About The Property:

This breathtaking home offers a number of amenities throughout this two-level property. Two master bedrooms offers a comfortable and private setting for guests. The gourmet kitchen features custom Canadian cabinets, a six burner Thermador cook top, wall oven, and two pantries - one for food and another for kitchen storage items. Complete with two offices/library, this home is ready for anyone who works from home or enjoys a private space for their personal belongings. An exercise room can be found in this home - ready to go with a sauna. The expansive decks offer ideal views of the water, year round. A buried propane tank helps to power the generator - equipped to power the entire home if needed. An intercom system can be found throughout the home, for easy communication between rooms. Fully armed with a built-in alarm system to help protect the property. The family room offers a built-in bar to help quench your thirst while enjoying time with the family. Lastly, a three car attached garage offers easy access to and from the home with a black top driveway.

Check out our virtual tour of 2031 Singing Oaks Drive in Sunrise Beach, MO.

Now that you've been able to see what this home is all about - it's time to schedule a private showing of the property. Listed at $625,000, this property offers a wide range of amenities with luxury living conditions. From custom cabinets to expansive decks, quality is found throughout this entire home. You MUST see this property before it's gone! To schedule a showing, contact Eagle's Nest Realty at 573-374-0769 today. We look forward to showing you around this breathtaking home and showcase the potential the entire property has!

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Elegant Lakefront Home near Sunrise Beach

If you've been dreaming of living on the water, we have the perfect home for you! Whether you have a large family that lives with you or many that visit, this property provides the ideal opportunity to house and entertain your family and guests. With a number of luxury features, you're sure to love this home for sale in Sunrise Beach, MO. 33431 Evanston Road in Sunrise Beach offers plenty of room inside and out for your family to enjoy. To learn more about this beautiful lakefront home for sale at the Lake of the Ozarks, check out the details below.

Specs:

7 Bedrooms
4 Bathrooms
4,600 Square Feet
School District -Versailles

Interior:

This fabulous 7 bedroom home offers three stories of elegant and comfortable living. Featuring a gourmet kitchen, you can help prepare meals for your entire family in this luxury space. The vast stone fireplace features attention to detail and style, as you relax on a cool evening. A built-in library showcases the detail that went into building this beautiful home. This property boasts two living room areas and two kitchens - both stoked with a refrigerator and stove. Two additional bar-sized refrigerators can be found on the property, as well. The lower level can be separated off for in-law quarters or the potential for rental opportunity. Some furniture is included in the sale of this home.

Exterior:

The exterior is professionally wrapped with grey siding and white trim accent pieces, for a clean and crisp look. The two-car attached garage gives a convenient place to protect your vehicles and easy access to enter and exit the home. Located in a nice sub-division on a well-kept cul-de-sac, only 2.3 miles from Highway 5.

Property:

The dock provides easy access to the water. Complete with a one-well dock and jet ski slip, you're entire family can enjoy this luxurious dock. On-dock amenities include a water slide, covered dock and swim platform, and wet bar to help you relax and spend the entire day enjoying your new dock. Kick back after a long day of playing on the water to enjoy a cool drink at your very own wet bar! A 15 X 30 martini deck is another great place to enjoy the beautiful Lake of the Ozarks, from this property. An RV parking pad and hookup can be found alongside the home, ideal for the storage of your recreational vehicle or that of friends or family that come to visit.

Home Features:

Dishwasher
Dryer
Garbage Disposal
Microwave
Refrigerator
Stove
Washer
Water Softener
Central Air
Window Treatments
Some Furniture Available
Pantry
Storm Shelter
Tile Floors
Vaulted Ceilings
Walk-in Closet
Walk-in Shower
2 Covered Dock Lockers
Well Dock with electric, sink, water
Covered Deck
Screened In Porch
2 Car Attached Garage
RV Hookup and RV Parking Pad
Wet Bar

Priced at $525,000, this home provides a ton of space, both inside and out. From the large deck to the stone fireplace to the bonus martini deck, you an enjoy breathtaking views all year round, when you purchase this property. If you're thinking of buying a waterfront home at the Lake of the Ozarks, you don't want to miss the opportunity with 33431 Evanston Road. Give Eagle's Nest Realty a call today to schedule a showing of this breathtaking home for sale near Sunrise Beach, MO.

Call (573) 374-0769 to schedule a showing today!

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Top 5 Tips to Prepare Your Lawn For the Heat of Summer

With summer officially upon us, it's time to get your lawn ready! From re-seeding any dry patches to keeping your mower well-maintained, there are a few steps that should be taken to ensure your green grass will make it through the heat of the summer.  Your trusted real estate agents in Sunrise Beach, MO are here to help you (and your lawn) make it though while looking good! Eagle's Nest Realty has generously provided some tips to get your lawn ready for the summer heat that will soon be upon us.

1) Seed Generously

While you may have already seeded once this year, it may be time for a second round of fertilizer. This can help green up your grass, leaving you with a beautiful and rich color to nicely accent your home. Especially if you have a dry patch or an area on your lawn that is turning brown, seed or fertilize this section to bring it back to life. This can help keep your lawn looking consistent, all summer long.

2) Remove Weeds

If you have weeds that grow in your yard, it's important to treat the issue right away. Weeds are very hearty and may continue to take over your lawn, if they are let to grow at will. Remove weeds in a timely manor to prevent the pesky plants from taking over your lawn. Dandelions are another big problem around the Lake of the Ozarks. Be sure to treat your lawn for these weeds to prevent spreading throughout your yard and entire neighborhood.

3) Maintenance the Mower

It's important to keep your lawn mower running in top shape, especially during the summer months. You don't want to run into a malfunction or a faulty part, when you need the mower the most. Change oil regularly and keep fluids full each time you use your lawn mower and/or weed eater. Sharp blades tend to slice through the grass more efficiently, therefore it's important to keep the blades sharp, as well.

4) Water When Dry

If there has not been rain in the area for a bit, you may consider turning on a sprinkler to give your grass some much needed moisture. After all, you've invested time and money into keeping your lawn looking good, don't let the heat of the summer ruin all your hard work. Some homeowners add a sprinkler system into your lawn for more convenient watering.

5) Prune Excess Growth

While this point does not pertain to the lawn, it does help improve the overall look of your home. Keep any shrubs and plants trimmed back in the summer months. This can help to prevent the look of overgrowth around your property. Trees may also need to be trimmed, depending on the type of tree. Keep your yard clippings cleaned up for a crisp, clean appearance for your yard.

Now that you know some insider tips to a beautiful green yard, you can start taking these steps to ensure your lawn looks good all summer long. The increase of temperatures in mid-MO create dry conditions most of the summer and these tips can help combat your lawn drying up and browning over. As a homeowner at the Lake of the Ozarks, it's important to keep you lawn looking good. Especially if you plan to sell your home at the Lake of the Ozarks, you want to ensure your outdoor space is in tip top shape this summer!

Call (573) 374-0769 to schedule a showing today!

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Easy Ways to Save on your Electric Bill this Summer

With the climb in temperature, it's time to prepare your home for the heat of summer. While cooling your home is probably at the top of your list, keep in mind that comes along with a hefty electric bill. Like many Americans, you may want to try to cut back on your energy consumption this summer. It's important as a homeowner to find ways to keep your home comfortable, while cutting back on your expenses. Your trusted real estate agents in Sunrise Beach, MO are here for you! Eagle's Nest Realty has provided some helpful tips to save on your electric bill this summer!

Invest in the Right Thermostat

It can be helpful to regulate the temperature inside your home with a programmable thermostat. This can help you set different times of the day for the temperature to fluctuate. If you're gone to work there is no reason to keep your home cooled off. This smart thermostat helps you program what times of the day you want the air to be up and what days it can turn off.

Use Household Appliances Strategically

To reduce the build up of unnecessary heat inside the home, try to run your appliances during early morning or evening hours. To avoid heating up the home during the hottest times of the day, avoid using your oven, dishwasher, and doing laundry during the afternoon hours.

Utilize Fans for a Breeze

A fan circulating air throughout your home can help a room FEEL cooler than it actually is. This is a great way to be able to keep your home at a warmer temperature, while enjoying a cool breeze. Crank up the fans to help keep you and your family cool this summer.

Unplug Unused Devices

Vampire energy can pull your electricity, even when the device is not in use. Whether you don't use your microwave or television very often, consider unplugging these items until they are needed. You may notice a positive impact on your electric bill this summer!

Close Off Unneeded Rooms

If you have a spare room or a basement that is not occupied on a regular basis, consider blocking off these spaces to keep from cooling unused. You can close the door and shut off the vents to the room you are wishing to close off from the air conditioner.

Turn Off Those Lights

While this may seem like a nag from your childhood - don't forget to turn off the lights! Although there are plenty of ways to reduce your energy consumption, an EASY way is to remind everyone in your home to turn off the lights after they leave a room!

Now that you know some of these insider tips, you're ready to keep your home cool while cutting back on your electric consumption! If electric expense has been holding you back from purchasing a home of your own, there's no need to worry. The best team of real estate agents at the Lake of the Ozarks are here for you. From searching for the right home for your wants and needs to purchasing property at the Lake of the Ozarks, we want to help you to be able to experience the joys of homeownership.

Call (573) 374-0769 to schedule a showing today!

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Enjoy the Beautiful Outdoors at the Lake of the Ozarks

What better time of the year to get out and explore the Lake and all it has to offer for you and your family? With a number of activities surrounding the Lake of the Ozarks, you're sure to find something your entire family can enjoy. From boating to fishing to hiking, it's the ideal time to get out and enjoy the beautiful outdoors! And what better way to honor the Great Outdoors Month than dedicating this week's blog to showcase all the fun outdoor activities the area offers? Take a look below to see what you and your family can enjoy!

Ha Ha Tonka

The state park in Camdenton, MO offers a wide range of activities for the entire family. Explore the castle remains and learn about the history of Ha Ha Tonka. While you're there, be sure to pick a few trails to navigate as well! Down by the water, there is plenty of room to cast a line from the shore or one of the fishing docks. A number of residents and guests bring their kayaks and canoes to explore the water in the cove, as well.

Thunder Mountain Park

Located on the same property as Bridal Cave, explore the hiking trails the area has to offer. Pack a lunch to make an entire afternoon out of your Thunder Mountain Park experience. While you're there, take advantage of the cave tour - you're sure to learn something new about the area! With a number of historical facts and plenty of natural beauty, you can enjoy the entire day at Bridal Cave and Thunder Mountain Park.

Water Activities

Since the area is centered around the Lake of the Ozarks, the water offers a number of entertainment opportunities. From boating to swimming to skiing, there are a number of ways to enjoy the water this June. If you don't own a boat, there are plenty of boat and jet ski rental companies around the area to choose from. Be sure to take advantage of the water activities at the Lake!

Explore The Strip

The Bagnell Dam Strip offers a wide range of entertainment types. From restaurants to family-friendly activities, your entire group can enjoy time on the strip. Many visitors to The Strip will reminiscence about the past, while visiting the area. Get outside and walk around the historic area with your family!

Are you ready to plan your next outdoor adventure now? Whether you live at the Lake of the Ozarks or are visiting your favorite vacation spot, there are a TON of activities for you to enjoy. If you don't already live here, you may start to fall in love with the area as you plan you outdoor adventures. When you're ready to start experiencing lake life full-time, your trusted real estate agent in Sunrise Beach, MO can help! We look forward to helping you buy a home at the Lake of the Ozarks.

Call (573) 374-0769 to schedule a showing today!

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