The Berra's Lake of the Ozarks Real Estate Blog

Real Estate Transfer Tax in Missouri????
February 8th, 2010 12:34 PM

  

Missouri is in the minority in the United States as far as having a real estate transfer tax, and we hope it stays that way. It is presently one of only 13 states that do not impose transfer taxes. A real estate transfer tax is a one-time tax paid at the closing of the property. Like a sales tax, a transfer tax would charge every seller a percentage of the total sales price. In some states, it is as high as 4% of the sales price.

The Missouri government currently has the power to enact a transfer tax at any time, but the Missouri Association of Realtors is leading the charge to amend the state constitution and prohibit the real estate transfer tax for good.

A 2010 ballot initiative is already in place. A "YES" vote means changing the Missouri Constitution to prevent the state or local government from ever charging new taxes on the sale of a home or property.

For additional information, go to www.yestosavehomes.com

 

 

 


Posted by Mike and Susie Berra on February 8th, 2010 12:34 PMPost a Comment (0)

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Wanna Bet on the Super Bowl???
February 5th, 2010 8:02 AM

  

Here are some of the odd bets people are taking on Super Bowl 2010. They may not be good bets, but they are creative.

1. How long will it take for Carrie Underwood to sing the National Anthem?

2. How many times will CBS show Kim Kardashian?

3. How many times will you hear the word Katrina?

4. How many times will they show Archie Manning during the game?

5. What color Gatorade will be dumped on the winning coach?

6. How many times will they show Bourbon Street during the game?

7. How many times will they use the word "underdog"?

9. Who will the Super Bowl MVP thank first?

10. Will a member of the "Who" smash a guitar during the halftime show?

11. Will a member of the "Who" break a hip during the halftime show?

12. Will the "Who" even make it to the halftime show?

Enjoy the Game!

 


Posted by Mike and Susie Berra on February 5th, 2010 8:02 AMPost a Comment (0)

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Sales Stats for the Lake January 2010!!
February 5th, 2010 8:02 AM
 Although we can never judge an entire year by one month, January 2010 shows signs of promise. Compared to January 2009, the overall number of sales for single family homes and condominiums is up around 3%. Waterfront homes showed the largest increase in number of transactions, whereas condos remained fairly stable, and off-water homes dropped slightly. The number of vacant land sales were down, as were farms and commercial properties. If you have any specific questions on any Lake property, we would be happy to hear from you.

Posted by Mike and Susie Berra on February 5th, 2010 8:02 AMPost a Comment (0)

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Atlantis Island goes back to Bank!
January 22nd, 2010 7:05 AM
The Atlantis Island Condominium complex situated on a small island on the Northshore of the Lake of the Ozarks has gone back to it's lender, Rockwood Bank. As of today, there are over 50 foreclosed condos on the market on Atlantis Island. Slow sales and the current recession are no doubt the big contributors to Rockwood Bank stepping in at this time. I will keep you updated on any other developments as they arise.

Posted by Mike and Susie Berra on January 22nd, 2010 7:05 AMPost a Comment (0)

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Real Estate Stats at the Lake: 2009 vs. 2008!
January 18th, 2010 11:11 AM

The market at the Lake of the Ozarks has been affected by the current recession and I have compiled the sales data of properties at the Lake for 2009 and compared that to the sales data for 2008.

CONDOS:

In 2008, 560 condos sold with an average sales price of $197,000.

In 2009, 440 condos sold with an average sales price of $170,500.

WATERFRONT HOMES:

In 2008, 505 waterfront homes sold with an avg. sales price of $353,500.

In 2009, 525 waterfront homes sold with an avg. sales price of $325,500.

OFF-WATER HOMES:

In 2008, 648 off-water homes sold with an avg. sales price of $129,500.

In 2009, 618 off-water homes sold with an avg. sales price of $117,500.

COMMERCIAL:

In 2008, 54 commercial properties sold with an avg. sales price of $440,000.

In 2009, 34 commercial properties sold with an avg. sales price of $231,000.

FARMS:

In 2008, 10 farms sold with an average sales price of $212,500.

In 2009, 20 farms sold with an average sales price of $313,000.

The actual number of condo sales, off-water homes sales and commercial sales decreased in 2009, while the number of sales of waterfront homes and farms increased. Average sales prices were down across the board. Even, with the troubled economy, these property classifications accounted for over 1,600 transactions.

*NOTE: THESE FIGURES ARE TAKEN FROM THE BAGNELL DAM ASSOCIATION OF REALTORS MLS.

 

 

 


Posted by Mike and Susie Berra on January 18th, 2010 11:11 AMPost a Comment (0)

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Just Listed! 737 Center Court Four Seasons, MO 65049
January 15th, 2010 11:24 AM

Header

Listings Photo
$159,000.00
737 Center Court

Four Seasons, MO 65049



Beds: 3 Rooms: 7
Full Baths: 2 Sq. Ft.: 2050
Garage: 0 Built: 1988
 

Great "Center Court" condo at Four Seasons Racquet Club with the Best amenities at the Lake!

737 Center Court

Excellent 3-bedroom, 2-bath unit with fireplace, wet bar, luxurious baths, newer carpeting and wonderful view.

 "Superb Amenities"


If you have any questions
about this property or
require more information,
please feel free to call.

Mike  & Susie Berra
Berra Real Estate Group, LLC
573-480-4040
www.homesandcondosatthelake.com



 
  Visit this listing here

Posted by Mike and Susie Berra on January 15th, 2010 11:24 AMPost a Comment (0)

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No Boating or Golfing at the Lake today!
January 10th, 2010 2:20 PM

1/10/2010

This may not be the best day to go boating on the Lake of the Ozarks. As you can see, much of the lake is frozen right now. This photo is taken from Palisades Condos on Horseshoe Bend.

1/10/2010

Probably not the best day for golf either. This photo is of hole # 18 at "The Cove" golf course located in Four Seasons. Better off with snow shoes.

Remember..only a few more months 'til Spring!


Posted by Mike and Susie Berra on January 10th, 2010 2:20 PMPost a Comment (0)

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Horny Toad sells for $25,000,000 on Courthouse Steps!
January 8th, 2010 8:48 AM

The Horny Toad's largest creditor, Valley View Bank, is now the new owner of the complex. The entertainment center just sold for $10,000,000 and the Resort and Yacht Club sold for $15,000,000. Valley View Bank was the only bidder on the property.

Leisure Hotels and Resorts of Kansas City, who had taken control of the daily operations of the complex since late October 2009, is working on a proposal for a new marketing and branding idea. This proposal is to be submitted to Valley View Bank in the next couple of weeks. Once approved, the transformation of the project will begin.

What is your take on this? Any thoughts of what would work for this property? New name? New ideas? New theme? Let us know what you think with your on-line comments.

Thanks,

Mike & Susie Berra

 

 


Posted by Mike and Susie Berra on January 8th, 2010 8:48 AMPost a Comment (0)

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Horny Toad Complex Going to Highest Bidder!
December 9th, 2009 9:32 AM
The Horny Toad Restaurant, The Resort & Yacht Club, The Frisky Frog, Jeremiah's, Peckers and several other properties are all included in the upcoming sale at the Camden County Courthouse. The sale is scheduled for December 29, 2009. The recent economic turndown had forced the complex's largest creditor, Valley View Bank, to turn the operations over to Leisure Hotel & Resorts of Kansas City in late October.

Posted by Mike and Susie Berra on December 9th, 2009 9:32 AMPost a Comment (1)

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Just Listed! W1409 Harbour Towne Condos
December 6th, 2009 4:51 PM
Another New Listing!

 

Listings Photo
$141,000.00
W1409 Harbour Towne
Lake Ozark, MO 65049



Beds: 3 Rooms: 6
Full Baths: 2 Sq. Ft.: 1176
Garage: 0 Built: 1998
 

Great price on a 3-bedroom condo with dock and great lake view!

We just listed this condo today and we want you to know what a good price this is. It is currently the lowest priced unit in the entire complex and shows very well!

 Fantastic Amenities!

New Breakwater!


If you have any questions
about this property or
require more information,
please feel free to call.

Mike & Susie Berra
Berra Real Estate Group, LLC
573-480-4040
www.homesandcondosatthelake.com



 
  Visit this listing here

Posted by Mike and Susie Berra on December 6th, 2009 4:51 PMPost a Comment (0)

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