How does the rise in mortgage rates affect YOUR purchasing power?

Are you ready?

Do you know how it will affect you?

Which house would you prefer?

THIS

 

OR THIS?

Are you contemplating purchasing a home?  A lot of buyers make the mistake of only looking at the sale price of a property when deciding to buy a home or vacation home.   In reality, the timing of the purchase  could be even more important.  If you have been on the fence, the time to purchase may be now.   

Consider this……

For each percentage the Federal Reserve raises interest rates, it decreases a buyer’s purchasing power by 9 to 11% (depending on loan amount) – and the Fed’s have given every indication that rates will be going up!  The interest rate you pay on a home  affects you monthly over the life of the loan.

  Below is a graph that gives some great examples of how interest rates affect YOU, the consumer.

Monthly Payment Table for 30 year loan with Interest Rates from 3.500 to 6.000 Percent

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Loan	3.500	3.812	4.125	4.438	4.750	5.062	5.375	5.688	6.000
150000	673.57	700.00	726.97	754.47	782.47	810.97	839.96	869.41	899.33
160000	718.47	746.67	775.44	804.77	834.64	865.04	895.95	927.37	959.28
170000	763.38	793.34	823.90	855.06	886.80	919.10	951.95	985.33	1019.24
180000	808.28	840.00	872.37	905.36	938.97	973.17	1007.95	1043.30	1079.19
190000	853.18	886.67	920.83	955.66	991.13	1027.23	1063.95	1101.26	1139.15
200000	898.09	933.34	969.30	1005.96	1043.29	1081.30	1119.94	1159.22	1199.10
210000	942.99	980.01	1017.76	1056.25	1095.46	1135.36	1175.94	1217.18	1259.06
220000	987.90	1026.67	1066.23	1106.55	1147.62	1189.43	1231.94	1275.14	1319.01
230000	1032.80	1073.34	1114.69	1156.85	1199.79	1243.49	1287.93	1333.10	1378.97
240000	1077.71	1120.01	1163.16	1207.15	1251.95	1297.55	1343.93	1391.06	1438.92
250000	1122.61	1166.67	1211.62	1257.45	1304.12	1351.62	1399.93	1449.02	1498.88

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Below is a table of  potential rate hike probability of increases for the NEAR FUTURE.

BOTTOM LINE… NOW is the time to pull the trigger!

There are lots of steps that go into purchasing a home.

The first step is finding a lender that you are comfortable with and going through the process to determine what your maximum approval amount is for a purchase price.  Buyers should take the time to “shop around” to insure you get the best rate and compare all other costs and fees associated with the loan.  The industry standard of borrowing for a home is no more than 28% of gross income and that’s assuming all debt services are under 36%.  A buyer can help reduce his/her costs by putting 20% down on a property which will eliminate private mortgage insurance.  PMI is insurance that protects the lender from non-payment.

A buyer’s pre-approval amount doesn’t necessarily mean that’s what you want to spend on a property. 

You need to consider your lifestyle and your comfort level.  Does the home you are purchasing need renovations?  Do you have college education ahead?  Do you enjoy vacationing with family?  When you purchase this home are you wanting all new furniture?  Are you planning for retirement?   Where is your comfort level with the loan amount?  As a real estate agent here in Branson MO, I know lots of new home owners want to purchase a boat and additional lake toys.  These questions need to be answered prior to finalizing your maximum loan amount.

Get Yourself A Buyer’s Advocate

It’s also key that you get a buyer’s advocate: a real estate professional who has knowledge of the area in which you are purchasing.  You want someone who will help you navigate the buying process.  They should be able to bring not just knowledge of the area, but listen to what your desires are for your new home and then be able to comb the inventory and produce homes that fit your criteria.

They need to be able to help you understand nuances of the area, for example: septic systems; wells; homeowners and condo association dues; boat slips, HOA’s, COA’s, state and county laws that might affect you.

The agent should have an extensive vendor list to help you during and after purchase; inspectors, roofers, handymen, plumbers, movers, gas companies, electric companies, churches and so much more.  This will help ease the buyer’s transition into a new community.

So choose wisely, interview, make sure your communication styles fit.  You will be spending a lot of time with your agent and you need to trust them to work on your behalf.

Our goal at Table Rock Realty Group is to treat our client’s home as if it was our own.  We know that if we do that, we have provided a higher level of service.

 

Author: Sharol Nuckolls, REALTOR©

Table Rock Realty Group is Different by Design, offering a superior level of knowledge, expertise and complete Concierge Real Estate Services.  We also have a dedicated office manager to best serve our clients.  Call us today if you are looking for property in the Branson, MO or Table Rock Lake areas – or if you just have questions about real estate.  We can even help you find a quality REALTOR© in another community.

Call Sharol Nuckolls @ 417.593.2010 or Liz Chun @ 240.344.4582 today!  You’re invited to search our website @ TableRockRealtyGroup. com or follow us on Facebook or find us on Pinterest, Twitter, Instagram, & Google+.   We look forward to helping you navigate your real estate journey!

 

 

 

 

Branson area Tuscan inspired Estate steps from Table Rock Lake

Would you like to live in a Tuscan inspired Estate steps from waters edge on Table Rock Lake?

Branson area Tuscan Estate Table Rock Lake Front

Table Rock Lake Luxury Home

Branson area luxury homes sunrise

Link to similar luxury properties on Table Rock Lake?

This Branson area luxury home is truly a spectacular lake property with all the amenities of a 5 star resort, nestled in the beautiful Ozark Countryside. 

Branson area Luxury home with Ozark Country side surrounding it

As you drive up to the home you will be met by stately trees which offer privacy, but opens up to a clearing where a volleyball, soccer game or croquet match could be played with all your guests.  A short walk or golf cart ride away is the dock so heading out to fish, water ski or dive is convenient and mandatory!  When you walk up to the luxury property you see quality construction, from the stunning brick & stone exterior, professionally landscaped yard with sprinklers system, three car garage and stunning entry with custom doors.

Branson area luxury property with custom entry

Opening the front door brings you into a stunning entry with a three story spiral stair case and soaring ceilings with a 10x 20 Kalwall skylight that diffuses lighting & transfers zero heat.

Table Rock Lake Luxury home with amazing views

There is a wall of windows in front of you that draw you to the wonderful Ozark Countryside, Table Rock Lake and don’t be surprised to see wildlife, such as; deer, turkey, fox, blue heron, bald eagles & much more.  Just imagine dining with friends and sharing this experience with them.

Branson area luxury homes galley butler’s pantry

Table Rock Lake Luxury home with spectacular Chef’s Kitchen

Calling all Chefs this Branson area gourmet kitchen will warm your heart! 

Attention to detail is at every turn, from the  ceiling, rustic stone surrounding gas stove, stunning dark custom cabinets, ample work space, high-end stainless steel appliances, breakfast bar,  a wonderful galley butler pantry with open shelving, built-ins, copper sink, wine refrigerator, ice maker, desk to plan menus and so much more!  Whether barbecue or black-tie all cooks will be inspired.

Table Rock Lake home with jetted tub

Table Rock Luxury home with built-in dressers

Branson area Spectacular Master Retreat

The master retreat is on the east wing and has a private study to read a great book over dinner or facilitate business deals after a long day on the lake.   The bedroom is a haven from a busy day with beautiful tray ceilings, sitting area with gas fireplace and french doors that give you access to the deck & the Ozark Country side.  The en-suite bath will make any women smile; with an amazing soaker tub with grand columns and lighting to set the mood, custom cabinetry with granite counter tops and take the time and meander out onto the private deck where the hot tub awaits for late night relaxing.  Whether Prada or flip flops this master walk-in closet will amaze you!  The closet has great lighting, custom built ins, loaded with storage, bench seating and a washer and dryer for convenience.

Table Rock Lake home with custom bar

The lower level is Luxury blended with Man Cave! 

A wonderful custom bar, wine cellar, family area with fireplace, access to patio, game area with pool table and an extraordinary theater room.  So after a long day on the lake get the popcorn and drinks and relax with family and friends.

Table Rock Lake homes conservatory & library ready for winding down

Branson area home with over-size bedrooms

Table Rock Lake Luxury at it’s best

Branson area luxury home that will offer your guest a 5 star experience!

When guests are ready to retire, the upper level has 5 luxurious guest bedrooms with en-suites or jack-n-jill baths that rival a 5 star hotel. If reading a book is on the agenda the library is also on this floor with custom book cases, so curling up with a good novel is an option or head to the conservatory to talk about the lake activities of the day and pick up a cup of coffee from the coffee bar or cold beverage from the refrigerator.  Make sure to take in the view from the wall of windows as the sun sets over Table Rock Lake, it might just inspire a novel to be written! There is an additional laundry room for your guests.

Table Rock Lake homes ready for guests

Branson area homes deck area

Living on a lake is all about outdoor activities and this home truly has it all!  Walk out onto the back deck and you will be met with a stunning stone fireplace to roast marshmallows, an outside kitchen area, bathroom, screened in porch and an amazing infinity-edge pool and hot tub that will be a hit for all your guests.

Quality construction is at every turn with 10 foot ceilings, over 11,500 sq ft finished, three story elevator, custom cabinetry & granite throughout, 4 fireplaces, multiple dishwashers, alarm system, whole house music system, speaker & intercom, central vacuum, 5 high-efficiency HVAC system, generator and so much more.

Branson area lake front home with privacy

If you are looking for a luxury home that truly has it all- THIS IS YOURS!

Bring your lake toys and start making memories with family and friends!

 

Author: Sharol Nuckolls

If you have any questions about this spectacular Branson area lake front Tuscan inspired property or any other property on Table Rock Lake, Call Sharol Nuckolls @ 417-593-2010 or search my website @ Table Rock Realty Group. com or follow me on Facebook or find me on Pinterest, Twitter, Instagram, & Google+ Or Call The Best Team @  417-300-5437 or search their website @  YouDeserveBest.com or follow them on Facebook, or find them on Pinterest, Twitter, Instagram  Or Google+

 

Branson area Luxury Home on a cliff overlooking the Kings River as it enters Table Rock Lake

Table Rock Lake area home: would you like to live on top of Table Rock Lake?

Additional Luxury Properties on Table Rock Lake

Table Rock Lake Luxury home with Breathtaking views of the mouth of the Kings River

Are you looking for similar luxury homes on Table Rock Lake, follow the link: This custom home has stunning views of the Kings River where it flows into Table Rock Lake and the Ozark country side surrounding you. Truly unobstructed, breath taking and it could be yours!

Table Rock Luxury Lake Home with stunning Ozark views

Would you like to live on top of Table Rock Lake?

This custom home has stunning views of the Kings River where it flows into Table Rock Lake and the Ozark country side surrounding you. Truly unobstructed, breath taking and it could be yours! This custom luxury home has quality construction from top to bottom. The exterior has brick and hardy plank,a sprinkler system, whole house generator, a three car attached garage plus one car detached for workshop or lake toys. This home is truly low maintenance so the new owner can spend time fishing and boating on the Kings River and Table Rock Lake.

Branson area lake view homes for sale with Sunset from lake home deck time

The interior has stunning craftsmanship from the gourmet kitchen that would make any chef smile!

Loaded with custom cabinets, granite counter tops, energy efficient appliances, double oven a breakfast bar and open to the great room and dining to make entertaining friends and family easy. The great room has trayed ceiling, a gas fireplace and access to one of two decks that span the back of the property to take in the stunning views of sunset.

Branson area luxury lake homes with a Gourmet Kitchen and decorator touches

Branson area lake homes with Great Room having access to deck

The master is oversize with tray ceiling, access to deck, walk-in closet, and en-suite master bathroom. There is add bedroom, bath and half, utility room and office on main level. The lower level is a Mecca for a Man Cave, open area with a theater, pool table, darts, table top shuffle board, bar for after lake entertainment. There is also an additional bedroom, bath and oversize hobby room with pull down bed for the unexpected guests, and loads of unfinished storage.

Table Rock Lake homes with a bar area to celebrate with friends and family

Branson area luxury homes that’s ready for game night?

Branson area lake homes- Watch a movie after a long day on the boating

Making memories fishing and boating will definitely be in your future, if you buy this lake property.  The owners have a slip for additional dollars less than a mile away!

Table Rock Lake homes with boating as an option

Making memories fishing and boating will definitely be in your future, if you buy this lake property Author: Sharol Nuckolls

Author: Sharol Nuckolls Call Sharol Nuckolls @ 417-593-2010 or find me on Facebook or Pinterest @ Table Rock Realty Group, follow me on Twitter   or on Instagram @ Mamanuck, Google+ or search for homes @ http://www.tablerockrealtygroup.com/

Neighbors & Friends of Table Rock Lake Upcoming Events

Come join us at Neighbors & Friends of Table Rock Lake

Are you looking for a organization that’s purpose is to encourage friendship between participants by having monthly luncheons with speakers from our community and interest groups for people to get involved with from nature groups to wine clubs, there is something for everyone.  As an non-profit organization we have a passion for our community and we focus  on assisting charitable and humanitarian projects within the Table Rock Lake Area.

We do several projects to raise money for charitable organizations, we are fortunate to have Delyla Uebel in conjunction with Roy Roger Jr,two of Dusty’s High Riders, Tommy Nallie & John Fullerton presenting a Western Concert at Villa Vista.  It should be a beautiful evening and has already sold out!

Roy Rogers Junior

Delyla Aulgur Uebel

Sip & Bid is another event held on Sat., 10/25/14 at StoneBridge Village from 3:30-6:30 where we will have a live & silent auction of wonderful items donated by the community, Hors d’oeuvres, music and much more! Tickets are on sale and can be bought at the Kimberling City Library or at monthly meeting.  This is a wonderful opportunity to mingle, make new friends and help raise money for great organizations in the community.

 

Finally we have our Christmas Tour of Homes, this is our 14th year and every year it gets better and better!  There will be four fabulous homes all dressed up for the Holidays.  You won’t want to miss this Christmas experience..  Mark your calendars for December 5 & 6 from 9:30-4pm and tickets are only $15.  There will be a hospitality room set up at the Kimberling Area Library as well where we will have gifts & glitz galleria of featured local craftsman as well as baked goods. Complimentary beverages & cookies will be served.  Prizes will be drawn and lunch is available to purchase from 11-2pm.  You can start purchasing your tickets as of 11/1 at multiple location found on our website http://www.nftrl.org/hometour  Get more information on The Christmas Tour Facebook Page

Spectacular Homes for 2014 Christmas Tour

Last year Neighbors and Friends of Table Rock Lake raised over $28,000 all while fostering friendships among neighbors.  Help us make this year even better and come join us and get involved.  We meet the second Monday of each month at 10:30 at Our Lady of the Cove Catholic Church (20 Kimberling Blvd., Kimberling City MO)  Lunch is always served for $12, but we need reservations, so call Myrna Rickart for more information about Neighbors & Friends @ 417-739-9547 or make a reservation with Anna Chance @ 417-338-0304.

Come join 250 women who want to make a difference here in our community!

“There are no strangers, only friends who have not met.”

                      — Myrna Rickart and Helen Edgington, Co-Presidents

 

Author:  Sharol Nuckolls

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Things to think about when purchasing a home with septic system & water wells

Purchasing a home in the Branson area on Table Rock Lake offers you a great lifestyle. Depending on the home you purchase it could involve your first experience with septic systems and water wells. So being prepared and educated and using your real estate professional to help you navigate the purchase will help things go smoothly.

Wells are utilized usually utilized outside the city limits. A well could be community (subdivision), shared (multiple persons) or private (individually owned). The well is cared for by those who are involved. It is important that wells are inspected and maintained on a regular basis to insure for healthy drinking water. Well agreements cover costs, maintenance, etc. For more information on well maintenance and inspection go to Private Ground Water Wells

Just like water wells septic systems are typically used when city services are not available. In Stone County a seller of a home is responsible for obtaining a septic certification. The seller has a qualified septic inspector evaluate the system and ensure the system is in good working condition. If it is not the seller is responsible for making repairs to the system. Not all counties require certification, so I strongly encourage a septic inspection in these counties. Septic systems can be very costly, so it’s very important that it’s in good condition.

A septic system can run from $1,000 – 6,000+ or more depending on the type and size of the system. Following are some simple steps to maximize the life span of your system.  To learn more about septic systems go to EPA’s website 

If you would like more information on cost of installation of a septics go to Zillow’s Blog

Learn to compost- It makes sense both for the environment and for your septic to put less waste in it. Only use your garbage disposal when necessary, almost all things put in a disposal can be composted. (And composting is also great for your flower beds) Finally don’t flush non biodegradable materials down your toilets.
2. Newer systems tend to be leach fields. These systems consist of lines that run through your yard. (these systems actually can help water your yard) but it’s important that you don’t plant or dig in that area. A tree root could actually break a line or you could cut it by using a shovel. These are not inexpensive fixes, so just make wise choices on where to plant and garden.

3. Depending on how much you live in your home (full time vs 2nd home), the number of people living in the home and size the system you will need to have it pumped. (Typically every 2-6 years depending on usage) You can hire a professional service to come out once a year to make sure it’s in good working condition and alert you to when it may need to be pumped. If you’d like more information on septics  go to  Stone County Website

Septic systems work well and when maintained can have a long life. If you have any questions or would like more information you can call me or if your searching for a home in Branson MO and would like a real estate professional: Call Sharol Nuckolls 417-593-2010 or search for homes @ TableRockRealtyGroup.com, or follow me on twitter @Mammanuck or FaceBook

Branson Mo

Author: Sharol Nuckolls

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Table Rock Lake has many special places to visit, don’t miss the Steak Inn in Shell Knob

 Steak Inn in Shell Knob, MO

I travel all over the Branson area showing houses to clients and I’m fortunate to find lots of wonderful places to visit and of course eat along the way.  The Steak Inn is one of these places.  If you hit in on Holidays or special occasions like Mother’s Day, don’t be shocked to see people milling around at the front waiting for a great meal.  They are located Hwy 39 South, Shell Knob, Missouri 65747 and their phone # is (417) 858-6814, you can find them on Steak Inn FaceBook Page

Are you looking for great atmosphere, wonderful service and a good steak?  It may take you thirty minutes to get there, but don’t miss the opportunity to take a beautiful ride to Shell Knob taking in the Ozark Mountains and Table Rock Lake along the way.    Every time I come to eat here, they treat you like family and they cook my steak perfect and the salad bar is wonderful with lots of fresh veggies, and home made bread for the table.  The menu is American Cuisine and they do it well, so there is something for everyone.  You whole family should come away full and happy.

If you have some time you should wonder into the town of Shell Knob or head down to the Campbell Point Marina and rent a boat or jet ski’s.  Shell Knob is a little quieter, has great fishing and is perfect for a pontoon ride to take in all that this area has to offer.

There are also several locally owned resorts if your looking for cabin on Table Rock Lake.  You can find more information on Shell Knob Resorts

Creating memories with family and friends is what Lake Living is all about and I’m blessed to be apart of a wonderful community here on Table Rock Lake.  Take some time and enjoy the scenery and the food.

 

Steak Inn in Shell Knob MO

If your looking for a real estate professional her in the Branson area, call me at 417-593-2010 or search for homes on TableRockRealtyGroup

Or follow me on Twitter @mammanuck, Google+ or follow my blogs on wordpress.

Author:  Sharol Nuckolls

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