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!

 

 

 

 

A Night to remember with Neighbors & Friends of Table Rock Lake

As always Villa Vista opened it’s doors to another amazing concert with Delyla & Roy Roger Jr, two of Dusty’s High Riders- Tommy Nallie, John Fullerton and Don Saylor. We were surrounded by over a hundred of our friends from around the area, to here wonderful stories told by Dusty about his family and his father and the amazing history of Cowboy music and the life they lead out on the range.

There were times I actually could feel myself sitting by a campfire with crickets churping and a trusty cowboy pulling out his guitar and singing under the stars…. Truly a historic night with old songs Call of the Wild, Cimarron, Roll on, Timber Trail and many more and suprises such as Desperado & By the Time I get to Phoenix from the modern cowboy era.

Delyla as always amazed us with her voice and her command of the piano.

Her ability to cross so many different styles of music with ease is a testimate to her musical talent. Don Saylor amazed us with his abilities on the accordion. The evening ended with a tribute song to Roy Rogers (truly a special individual, who taught us so much through song and movies) and off course the evening could not end with out the audience and musicians sing Happy Trails.

Thank you to all those who worked so hard to pull off another amazing event for such a great organization.
If you are looking for a Non-profit organization to be involved Neighbors and Friends is a place for women to connect and help give back to our community. 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.

Audience had an a spectacular evening here in the Ozark Mountains

For more information go to Neighbors and Friends of Table Rock Lake website

Look for other upcoming events Sip & Bid & Christmas Home Tour!

Author:  Sharol Nuckolls

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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Branson area Lake view home ready for a new family

Living in the Branson area makes it common place to have neighborhood gatherings.

This lake view home has a sweet deck that gives you views of both Table Rock Lake and the Ozark Mountain Country side.  Just imagine bring your coffee and the newspaper out to watch the sunrise with birds singing, as you prepare for the day.

This wonderful home offers the new owners privacy with trees all around, but within minutes of town for shopping, dining and entertaining.  Silver Dollar City is fifteen minutes, friends and family will be lining up to visit with the two guest rooms that are both over sized with walk-in closets on the upper level with their own bathroom and loft for computer work or tv time or just chillin.

The lower level has two family spaces, after a long day on the lake you can take to the couch and watch a movie or take in the gas fire place on a cold winter night.  Or sneak off to the additional living space to read  a book.  This lake view home has a large master bedroom with en-suite bathroom.  The house has been updated with fresh decorator paint colors, new light fixtures and hardware, wainscotting in two of the bedrooms and much more.

Guest will enjoy the opportunity to spend time on the lake, this home comes with the opportunity to purchase a boat slip around the corner. Table Rock Lake was just named one of the top 10 Lakes for Family entertainment.  If lake fun isn’t enough lots of entertainment is within twenty minutes of Branson, where you can shop till you drop, over 100 different theatres to choose from, great dining and parks like Silver Dollar City and Shepard of the Hills or if shopping is your thing; try the Branson Landing or Tanger Outlets and that’s just to get your started.

If you are looking for a great place to live and a great house, Call Sharol Nuckolls @ 417-593-2010 or search for homes @ TableRockRealtyGroup.com or follow me on Facebook or Google+ or Twitter @ mammanuck

Author:  Sharol Nuckolls

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Memorial Day Weekend on Table Rock Lake

Table Rock Lake in the Branson MO area

Memorial Day 2014 Table Rock Lake in the Branson, MO area.

Just recently Table Rock Lake was ranked one of the Top Ten Lakes for families in the United States. As a real estate agent who lives here, I am fortunate enough to experience it every day. When looking for real estate clients are always talking about “getting the best view” and that is really important. (I know because after a long hard day at work, I wonder on to the back deck and watch the sunset, while other people are glued to a TV.) Equally important for clients who are considering this as their home, is all the lake opportunities.

Another spectacular weekend on the lake, we had wonderful weather 80 degrees, with some quick rain showers that brought beautiful scenery. Table Rock Lake being a CORE lake keeps it’s natural beauty. The Ozark Mountains are all around you with native wildlife and don’t be surprised to see blue heron’s flying over head, foxes playing on the shore line or deer peaking out of the woods.

Table Rock Lake native

There is lot’s to do here for both family & friends.

We have some of the greatest fishing around with large mouth, small mouth and Kentucky bass, catfish, crappie, walleye, perch and kids favorite blue gill. There is definitely something for everyone and they were out in force this weekend. You can find fishing tournaments almost every weekend for those who like to compete.

BIG CATCH ON TABLE ROCK LAKE

This is a great lake for boating, whether your tubing, skiing, wake boarding, house boats or just hanging out on the pontoon or tying up with friends. Your options are endless.

We have lots of options if you’d like to do dinner lake side from Big Cedar, The Landing, The Rock, Pizza Hut and much much more.

Shore line on Table Rock Lake

Table Rock Lake after a rain shower

Last night we took a boat ride at sunset and experienced all of the above and more. Table Rock Lake is an extraordinary place. Come visit and if you need a real estate professional call Sharol Nuckolls @ 417-593-2010 or look for Branson area properties at TableRockRealtyGroup.com or follow me on Facebook or twitter (mammanuck), Google+, Linkedin

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Author: Sharol Nuckolls

Magical Evening with Neighbors & Friends listening to Classical Music over looking Table Rock Lake

 

Celebrating Music of the Masters

As the sun was going down over Table Rock Lake last night, friends and family were being welcomed at the home of Rick & Delyla Uebel.

The majestic home is an architectural masterpiece, as you walk through the front door you are greeted by soaring ceilings, amazing views and two stunning concert pianos.  Setting the stage for what would be an extraordinary evening.

 

What a wonderful opportunity to loose yourself in music from Bach, Burns, Chopin, Joplin, Gershwin and many more played and sung by Delyla Uebel, Donn Saylyer and Phyllis Pasley.  Each of these artist have performed around the country and across the world.  What a blessing to have two of them reside here in our midst.  Their talents goes beyond words and their passion for their craft was evident.  These accomplished musicians truly inspired my love of music and gave me an special gift that will be cherished.

We traveled through time musically from PreLude #1, La Habanera from “Carmen”, The Entertainer and much much more. They told us wonderful stories about the composers and how each piece was born.  Each musical number took you to the time period, from romance to blues, to the tribute of American Trilogy the notes and song came alive and was nothing short of amazing.

The night ended with all guests singing together with one voice.  This night was perfect and many thanks go out to all who worked so hard to make it happen.  I am fortunate to live in a community and be a part of an organization like Neighbors and Friends.

Neighbors and Friends was started with the goal of “welcoming” new women into our community giving women the opportunity to explore their passions; from gardening, food, wine & games.  The group also saw the need to give back to the community in service and tonight’s concert proceeds will be used to fund local programs.  (We also have other fund raising events such as the Christmas Home Tour and Sip & Bid)

Are you looking to get involved in the community?  Or form new friendships?  Come join us!  If you’d like more information go to the website.  Neighbors & Friends

As a real estate agent & a resident of this community I am blessed to be surrounded by such amazing  women who have passions to serve.

Author:  Sharol Nuckolls

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Sight and Sound Theatre- Jonah Opening Night

Branson Sight & Sound Theatre- Jonah

As a real estate professional here in the Branson area, people ask me all the time, “Why do you live here?”  I have lots of answers for that, but one of many is the wonderful productions and family experiences we have available here in the area.

Last night, I had the pleasure of attending “opening night” at the Sight and Sound Theatre in Branson for their new show Jonah.  Nothing short of amazing.  Who wouldn’t want to see a show where a man spends three days in the belly of a fish? (by the way we LOVE our fishing down here, but that’s a whole other blog)  The Bible Story was truly brought to life with extraordinary sets, costumes, live animals and the music…. spectacular.  It truly moved me to tears.  Thanks to all the cast, director, producers, writers, artists etc. for an magical evening.  If you want additional information about the show or tickets here is the link:

Sight & Sound Theatre

Jonah an amazing musical

If you are looking for a show to attend with friends & family don’t miss the opportunity while you are here visiting us or if you live in the area.  This is just one of many amazing shows that can fill your free time here in the Branson area.  There are so many talented musicians, actors/actresses, we are truly blessed to be able to see a show EVERY night of the week.  For a list of all your opportunities follow the link:

Branson Tourism

If you are considering moving to the area, you can follow me on twitter (mammanuck), Facebook, Google+, or WordPress, because I love to write about things that are going on in our community and why this is such a special place to live, work and call home.  If you are looking for a real estate professional I would love to partner with you.  Call Sharol Nuckolls @ 417-593-2010 or follow my link to search for homes.

Table Rock Realty Group

Author:  Sharol Nuckolls

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