Tips for Buying a Grand Lake Waterfront Home

The real estate market at Grand Lake like most of the country is hot right now.  Listing are down and demand is up. This correction on the Grand Lake home market has been years coming so it is not out of line and is in fact overdue.  Low interest rates on mortgage loans still make buying a Grand Lake waterfront home something to do now. With this rise in the market, we have seen many new green real estate agents and agents from out of the lake area coming out with their sign up to sell Grand Lake waterfront homes. Most of these people are great people and mean well but you are spending thousands when purchasing a home anywhere including Grand Lake. A few tips–

  1. If agent you contact you find is green, simply ask them to get a pro to assist them in helping you buy.  They mean well and again are good people, just inexperienced. The lake has many rules to follow, some areas have shallow water not good for your boat lift, other areas collect drift wood like a magnet, some homes built years ago could be below the flood line, some lake areas are known party areas on summer weekends–you might enjoy this or could hate it, but you need to know what the area is like year round. The list goes on. Make sure your agent knows the turf! Or can get a pro to assist them as they learn.
  2. Many out of area agents think they can come to the lake and make a good sale. They may know they area they came from but not the lake area and market. Like 1 above, you need a pro to assist you, someone who works the Grand Lake area everyday and is seasoned on all above. For both 1 and 2 you also want someone that knows the value of property on Grand Lake. It is easy in the market we are in to pay way too much for your lake home over even current market.

When getting ready to buy or sell for that matter, search out an agent who is experienced or if a green go getter you would like to help get started simply tell them you will use them if they co-work with another very seasoned agent in their office. Make buying a Grand Lake waterfront home a fun and exciting experience that will not include pitfalls you later wish you had seen. It’s easy to get took up in the excitement is another reason to have an honest, seasoned agent helping you make an informed choice.

Our team of Amy Wright and Joe Neill have worked the Grand Lake area for many years and  both were in real estate for years before relocating to the Grand Lake area.  We would welcome an opportunity to assist you in finding just the right place for your Grand Lake waterfront home ownership. Affliated with Keller Williams Grand Lake Grove, OK

Contact Amy at 918 791-1594 or Joe at 918 640-3300 or email us at grandlaketeam@kw.com.  We hope to hear from you soon.

Posted in Grand Lake MLS Search, Grand Lake Real Estate, Grand Lake Waterfront Homes For Sale, Keller Williams Realty Grand Lake, real estate news, waterfront homes on Grand Lake | Comments Off on Tips for Buying a Grand Lake Waterfront Home

Why Buy A Grand Lake Waterfront Home During The Virus–Good Reasons in Story

Many of you think that with the pandema going on that real estate sales have went to a complete standstill, however that is not the case.  While sales are down quite abit for this time of year, there are people out looking for a great priced home in a wonderful location.  Sales are not firesales but you can get deals you would not normally get and you can get the pick of the homes for sale now.  Properties on the market in the NE OK Board of Realtors Grand Lake MLS are down about 25% from what we normally saw over the past ten years. With less properties to choose from it makes now the best time to be out looking. We currently are being very careful when showing homes–don’t ride together to property, stay 6′ or more apart as we look, wear disposable gloves, remove shoes in homes, and carry disposable chlorex wipes to use on door knobs ect.  You can get the best deal possible, low interest rates on housing and the best choice of the season. All that makes for prudent buying.  We also have two homes under contract that the buyers just bought from pictures online.  Not my way to buy but a very safe way.   As the saying goes you found your spouse online why not your home.  Many buyers are buying lake homes to escape the city and to be able to go ahead and enjoy life, escape people while on the lake and in your private large lake home yard.  What a way to make a good deal out of a bad situation

 

Let me tell you about a couple very good buys

Monkey Island Newport Village Gated Community Home shows like new, 28′ boat slip, 3 bed/2 bath in home + guest apartment above garage with bed/bath. Priced at $298,800. Grand Lake MLS 20-414

Monkey Island Port Duncan nice 3 bed/3 bath home with just redone interior, new appliances, flooring and more with nice 2 slip dock in wide deep protected cove

. Priced at $275,000. Grand Lake MLS 19-2259

Bargain of the Day-Waterfront not far from Grove on blacktop road with nice homes in area, ocean like views, 4 bed 5 bath 3 level home with 2 kitchens and living areas-great for multiple families to enjoy. Nice dock with sundeck. Solid ready to use home priced to sell for a 4298 sq ft m/l home at $450,000. Grand Lake MLS 20-299

Honey Creek Arm of Lake Grove location of an elegant luxury home on some of the best water of the lake, sits on a deadend drive for privacy. 3369 sq ft m/l 3 bed/3 bath home with wonderful 2 slip dock, lake water lawn irrigation, in home storm shelter, huge entertaining deck. Priced to sell at $600,000 Grand Lake MLS 20-680

Call Joe Neill, broker associate Keller Williams Realty Grand Lake to learn more about these fine Grand Lake homes–918 640-3300 or email grandlaketeam@kw.com

Posted in bargain on Grand Lake, gated community on Grand Lake, Grand Lake MLS, Grand Lake MLS Search, Grand Lake Real Estate, Grand Lake Retreat, Grand Lake Waterfront Homes For Sale, Keller Williams Realty Grand Lake, Monkey Island homes on Grand Lake, real estate news, retirement home on Grand Lake, second home on Grand Lake, waterfront homes on Grand Lake | Comments Off on Why Buy A Grand Lake Waterfront Home During The Virus–Good Reasons in Story

Grand Lake/Grove, OK Area Homes For Sale–Reasons to Buy Now And Why Grand Lake Grove OK Area Might Be The Place You Are Looking For

The Grand Lake area and Grove, OK, the largest city on Grand Lake offers many homes for sale with homes in most all price ranges from $100,000 to multiple million dollar homes. You can find Grand Lake Waterfront Homes, Grove’s Patricia Island Golf Course Homes, Monkey Island’s Shangri La Country Club area waterfront and golf course homes for sale, The Coves of South Grand Lake waterfront and golf course homes, gated community homes, and if you want a city home in Grove in a nice quiet neighborhood we offer that to. Whatever your desire, The Grand Lake/Grove, OK/Monkey Island, OK/The South Grand Lake Area all offer homes for every taste and budget. You will find a home for your weekend retreat second home or that special home for retirement years by the lake. The area offers quaint shopping and dining experiences, quality health care, many churches and civic clubs to enjoy, and a four season climate without many extremes in cold or heat.

If you are thinking of buying that second home on the lake or that retirement years home, now is a good time to do so. The prices here have not skyrocketed yet like some areas of the country, interest rates are still very moderate, selection is good, and now is the time to enjoy everyday of your life and a lake area home can give so much pleasure to you and your family/friends.

To help you find just the right place you need a seasoned, tell it like it is Realtor to help you make a good knowledgeable buy in an area that you will enjoy and be proud of. For true individualized, personalized service with your needs in mind contact Joe Neill at Keller Williams Realty Grand Lake. You can reach Joe direct at 918 640-3300 or email grandlaketeam@kw.com. We hope to hear from you soon.

Posted in Community News, gated community on Grand Lake, golf home at Grand Lake, Grand Lake MLS Search, Grand Lake Real Estate, Keller Williams Realty Grand Lake, Monkey Island homes on Grand Lake, Monkey Island OK homes for sale, real estate news, retirement home in Grove OK, retirement home on Grand Lake, second home on Grand Lake, Uncategorized, waterfront homes on Grand Lake | Comments Off on Grand Lake/Grove, OK Area Homes For Sale–Reasons to Buy Now And Why Grand Lake Grove OK Area Might Be The Place You Are Looking For

Bass Master 2013 on Grand Lake A Huge Success/What Does This Mean For Grand Lake Real Estate in The Future

The 2013 Bass Master fishing tournament is in the record books. The crowds in Tulsa for the weigh in and at the launch ramp on Wolf Creek in Grove, OK were huge. During the weekend, there were countless bass fishermen wanna be’s following their favorite angler on the lake in their bass boats and dreaming. The news media have talked so much of the success of the Bass Master and the impact on the local economies.

As Realtors, we of course wonder what this exposure to the world will do for Grand Lake real estate. In all certainty it will have no immediate impact. We feel over the few years as the television shows air about the Bass Master and people who traveled here for the tournament will be telling friends about the wonderful lake, people, and how you can enjoy rural lake life and still get big city shopping for a day out in Tulsa just over an hour away that demand from people around the country hunting a waterfront retirement home on a lake will put Grand Lake on their radar. Others hunting for a central family gathering spot in the middle of the country for a vacation home on the lake will see all Grand Lake has to offer for fun and enjoyment and also find three airports all just over an hour away for family membersDo WF Home 012 Dogwood Dr. Grove 004 Dogwood Dr. Grove 005 Do WF Home 010 to fly in for a family get together.

The net of this over time we think will be more people enjoying our Grand Lake and property values will go up over time. We think now is a great time to buy Grand Lake real estate not just because of our just stated prediction but because values are very reasonable now, interest rates are low, and we have a decent inventory of homes for sale that is slowly but surely becoming fewer and fewer. If you have been thinking Grand Lake waterfront home now might be your best time to buy. Call The Grand Lake Team at RE/MAX Grand Lake to learn more about Grand Lake Real Estate. Aaron Hughes and Joe Neill will give you honest, straight forward insight into Grand Lake values. Contact Aaron at 918 801-5645 or aaronhughes@remax.net or Joe at 918 640-3300 or jneill@remax.net

Posted in Grand Lake Real Estate, real estate news, waterfront homes on Grand Lake | Comments Off on Bass Master 2013 on Grand Lake A Huge Success/What Does This Mean For Grand Lake Real Estate in The Future

March is Buy a Waterfront Home on Grand Lake Month

All I see on TV this month are ads for February is Truck Month in Oklahoma and then an ad for a great new Chevy, Ford, Ram, or Toyota pickup follows. Well as big a deal as February is for trucks in Oklahoma, March is Waterfront Home on Grand Lake Month. People come out from all over to get their best deal on their dream weekend waterfront home on Grand Lake or their dream waterfront retirement home on Grand Lake.

Most buyers have spent hours on the web searching for the homes they want to see and are emailing their favorite Realtor with questions about the waterfront homes. You see, people like to buy in March to get the best selection, to be sure they are closed on their home and have everything ready to go for the big Memorial Weekend that is the unofficial opening of the summer lake season, and they are just ready to be done with winter and are planning a fun filled spring and summer on the shores of Grand Lake.

Grand Lake is great year round, even in the winter. In winter you can enjoy peace, quiet, wildlife, the calm waters of the lake, while reading a good book or watching a movie, and then go out to dinner at one of the excellent places around the lake or go shopping in the quaint shoppes on Grand Lake. Spring brings the pretty blooms of flowers and trees to enjoy, and summer is just grand, then we get to fall and more grand colors. Every season is grand on Grand Lake.

If you want to spend more time relaxing and having fun with friends and family, Grand Lake is the place to be. We have waterfront homes from about $200,000 to well over a million dollars. There is a home for every budget and taste. There will also be some great homes just off the water for less money but have access to the lake and the fun.

Give Grand Lake some thought and call the Grand Lake Team at RE/MAX Grand Lake in Grove, OK for information on how you can start your search with our team for the best home for you and yours whether you want a weekend waterfront homeDo WF Home 010 Do WF Home 012 Lee Estates 5-12 002 Lee Estates 5-12 009 mainstay 5-3-12 002 mainstay 5-3-12 004 Dogwood Dr. Grove 004 Dogwood Dr. Grove 005 on Grand Lake or are ready to come fulltime for a great retirement home on Grand Lake. Aaron Hughes and Joe Neill know the Grand Lake area, the MLS listings, and can make your search more inclusive, help you find a great buy, make the search stress free, and fun. Contact Aaron at 918 801-5645 or aaronhughes@remax.net or Joe at 918 640-3300 or jneill@remax.net. We are here to help you find your dream home on Grand Lake.

Posted in Community News, real estate news, retirement home on Grand Lake, waterfront homes on Grand Lake | Comments Off on March is Buy a Waterfront Home on Grand Lake Month

Need to Sell Your Grand Lake Waterfront Home? Now Might Be The Time

We hope that our waterfront home owners on Grand Lake never sell their retirement home or weekend getaway home but we know in today’s world families change and lives change and sometimes one needs to sell their lakehome. We have been through some rocky times in real estate in the United States and a poor economy now for about five years. Waterfront home prices have not ever went down like other real estate but prices and demand the past few years have been softer than the go go days in 2005-2006.

In 2012 the total sales in the Grand Lake MLS were greater than the previous year and this year has started out very well and we are not in the lake home season yet. Our Grand Lake Team of Aaron Hughes and Joe Neill at RE/MAX Grand  Lee Estates 5-12 002 Chateau 13 9-10 057 Dogwood Dr Grove 7-18-12 049 Dogwood Dr Grove 7-18-12 053 acreage on water 009 N Beach Area WF Lot 006Lake had a wonderful year last year. We continued selling homes through December and into January, the slow times for lake real estate. We are now needing quality waterfront home listings in all price ranges. We have buyers looking for homes who cannot find the home they dream of.

As I started this article with, we hate to loose any Grand Laker unless they are upgrading to another Grand Lake waterfront home but if you need to sell, now could be the best time to do so in the past five years. Buyers can buy with low low interest rate cost, prices on homes are still reasonable, and confidence is coming back to buyers to indeed buy.

If you would like a market price opinion on your Grand Lake waterfront home call our team and we will provide you with a free price opinion based on previous comp sales and today’s market.

Contact Aaron Hughes at 918 801-5645 or aaronhughes@remax.net or Joe Neill at 918 640-3300 or jneill@remax.net. We know the Grand Lake market and will offer you our years of experience in real estate in pricing and selling Grand Lake homes.

Posted in OK real estate, real estate news, waterfront homes on Grand Lake | Comments Off on Need to Sell Your Grand Lake Waterfront Home? Now Might Be The Time

Housing Market on the Move–Good Article From CNN Money

2012 home sales: Best in 5 years

By Chris Isidore @CNNMoney January 22, 2013: 10:39 AM ET

NEW YORK (CNNMoney)

Steady December home sales capped the best year for the U.S. real estate market in five years, according to an industry trade group report Tuesday.

The National Association of Realtors said that December sales of previously-owned homes came in just slightly below November’s sales pace, but up 12.8% from a year ago. That brought full-year sales to 4.65 million, up 9% from 2011 and the best year for home sales since 2007, when there were 5 million homes sold just before the start of the recession.

Sales are being helped by a combination of strong market fundamentals — near record low mortgage rates, lower unemployment and a rebound in home prices, all of which are bringing in buyers into the market who had been waiting for it to hit bottom. The mortgage rates and years of depressed home priceshave also combined to create the most affordable housing market on record, according to the Realtors group.

And the Realtors are predicting strong sales should continue into 2013 and beyond. It has a forecast for 5.1 million existing home sales this year, and 5.4 million next year.

Related: Big luxury home sales, big tax savings

The improved demand for homes in December led to the inventory of homes for sale to fall to 1.82 million homes on the market, the lowest supply since January 2001. One factor in tightening supplies is a drop in foreclosures and other distressed home sales, which made up only 24% of home sales in December compared to 32% a year ago. The tighter supply, and the drop in distressed sales, have helped to lift home prices so that the median sales price for the year rose to $176,600, up 6.3% from 2011. That’s the biggest gain in prices in since the bubble year of 2005.

The rebound in the market for previously-owned homes is also showing up in the market for new homes, where sales rebounded to their highest levels since 2009, while housing starts reached the highest level since 2008. To top of page

Fi
Posted in Community News, real estate news | Comments Off on Housing Market on the Move–Good Article From CNN Money

Real Estate On Grand Lake–Is 2013 The Year For Your Grand Lake Waterfront Home?

I am sure that you, like me, having been reading national news stories of how the real estate housing market has not only stabilized but has seen some very sizable gains in many markets across the United States. Some markets have seen a 7-10% rise in prices from the lows, interest rates are at all time lows, and the homes for sale inventory continues to shrink. All these are signs that a full blown buyer’s market is ending and seller’s are getting more control over the price received for their home.

If you have been wanting a Grand Lake home the past several years but like many of us have been scared to buy with so much uncertainty, maybe now is the time to begin your search for your dream retirement home on Grand Lake or that dream second home on Grand Lake. The stock market as of this writing is getting within 500-600 points of the highs before our financial problems hit. We all know interest rates will not stay at these lows forever, maybe a few more months or perhaps 1-2 years but not for a long time. Prices on Grand Lake homes have not started rising in general yet but we are seeing pockets of upswing in prices and fully expect the Spring Market for Grand Lake Homes in 2013 to be much stronger will pent up demand by buyers coming to life in the form of sales. Now might be just the time to get an great financial investment in a Grand Lake home but to also make an investment in your family’s life. A life of Grand Lake fun leaves many fond memories as you look back over the many hours of relaxation and family fun had by all on the shores of Grand Lake.Lee Estates 5-12 012 Lee Estates 5-12 009 acreage on water 017 Dogwood Dr Grove 7-18-12 051 Dogwood Dr Grove 7-18-12 052 Do WF Home 012

If you like to make good investments in life, this may be your time to act. Good selection of homes, low interest rates, and a strong likely hood that prices will firm as we get to the spring/summer home markets make now the time to buy your Grand Lake waterfront home.

The Grand Lake Team of Aaron Hughes and Joe Neill offer full team service with honest, straight forward answers and opinions when ask about property. We know and sell the full Grand Lake MLS. Let us help you find your dream retirement home on Grand Lake or that special waterfront home on Grand Lake for your second home. Call Aaron at 918 801-5645 or aaronhughes@remax.net or Joe at 918 640-3300 or jneill@remax.net. We hope to hear from you soon. January is a great time to buy a lake home, it is white sale month on lake property. Get a better deal now than will be available when spring and warm weather hits.

Posted in Community News, real estate news, retirement home on Grand Lake, second home on Grand Lake, waterfront homes on Grand Lake | Comments Off on Real Estate On Grand Lake–Is 2013 The Year For Your Grand Lake Waterfront Home?

Home Prices in the Grand Lake/Grove OK Area

Home prices in the Grand Lake and Grove, Oklahoma area did not tank from the 2006-2008 highs but residentual neighborhood homes in Grove are on average are bringing about 20% below the very top peak prices paid. Waterfront homes have been basically steady to weak but mostly flat since the very peak of the market. There are some deals above and below the line of course on both waterfront homes on Grand Lake as well as neighborhood homes in Grove.

This morning (September 18, 2012) I got up and first thing as always read my Tulsa World newspaper. The headline of the business section is Area Home Sales Up In August. The article goes on to talk about total sales in the Tulsa, OK area being 12.8% ahead of August 2011 pace. For the first 8 months of 2012 the Tulsa market is 17.3% ahead in number of sales compared to same period in 2011.

The big kicker I think you need to really take notice of is sales prices. The Tulsa World article states that the average sales price in Tulsa for August, 2012 was up 9.5% over August 2011. The median price compared to same time frames was up 7.5%. The article says increased prices are the result of significantly tightened inventories of homes on the market.

The Grand Lake and Grove home market is not Tulsa, OK but our market tends to lag but follow Tulsa and the rest of NE Oklahoma when it comes to real estate. We have not seen but a small handful of new spec homes built for 4 years now and resale homes while still in plentiful supply are starting to get the cream pulled off the homes on the market.

I would think that the Grand Lake and Grove home price market will begin to move up in price by next spring of course depending upon economic news between now and then. If you have been thinking about a retirement home on Grand Lake or a retirement home in  one of Grove, OK fine neighborhoods why wait. If you have been thinking about a waterfront home for retirement on Grand Lake or a weekend waterfront home, I would say the same thing, why wait. Interest rates cannot go lower, prices seem poised to start a climb upward, and selection is still great now—what more could you want? One more thing, the real estate market in a lake area such as Grand Lake and Grove tends to be seasonal with fall sales starting to wind down by Thanksgiving. If you are a buyer and wanting to buy a home, now is the time to get a deal. Many sellers are afraid they will have to carry their home over until March when the new season begins and will take huge discounts to move the home in the fall rather than carry over. Bottom line, if you are wanting a home you have bottom of the market prices, historically low interest rates, good home selection, and fall closeout deals. What more could you ask for in this buyer’s market, but if I am right come spring we could see much more of  a seller’s market and could cost you as a buyer several dollars. All of these items are reasons to buy lake property today. 

The Grand Lake Team at RE/MAX Grand Lake is here to help you with your most important purchase. We know the market, the Grand Lake MLS, and the area. We can help make your home search more inclusive, more fun, less stressful. Call Aaron Hughes at 918 801-5645 or aaronhughes@remax.net or Joe Neill at 918 640-3300 or jneill@remax.net today to learn how we can help you find the home of your dreams in the Grand Lake and Grove, OK area.

 

 

Posted in Community News, Grand Lake Real Estate, Grove, real estate news, retirement home on Grand Lake, waterfront homes on Grand Lake | Comments Off on Home Prices in the Grand Lake/Grove OK Area

Grand Lake Real Estate Market Is Getting Much More Active

The Grand Lake real estate market was pretty slow in May, 2012 after a great early spring sales season well ahead of both 2011 and 2010. Now in June things have come back to life again. Last weekend our Grand Lake Team of Aaron Hughes and Joe Neill got 3 properties under contract. First was a listed $700,000 waterfront home contracted for cash, next was a waterfront lot in Mantle Hills Gated Community in Grove for cash, and then a finance contract came in on a $159,000 waterfront home. Others in our RE/MAX Grand Lake office also had contracts coming in. The internet activity has picked up nicely also.

We also are seeing more building activity on Grand Lake after about 3 years of only a handfull of newly built homes. Recently I toured the Grove area by land and also by boat. I counted 6 new homes of various stages of construction going up in the gated community, The Preserve just outside of Grove. There were 5 more scattered around various Grove neighborhoods and 1 new home going up on Monkey Island. Most of these homes are being built on previously purchased lots that owners had waited sometime before starting construction. It is great to see such activity.

It seems we all need to see activity happening before we feel comfortable getting our own feet wet. Well, activity is happening and now might just be your time to buy a new Grand Lake waterfront home, Grand Lake area golf course home, or that Grand Lake waterfront lot to build your own custom home on. We also have a nice selection of Grove neighborhood homes in the finest subdivisions including Patricia Island Estates, and Buffalo Shores South.

Call the Grand Lake Team today for information on your Grand Lake home choices. We know the Grand Lake MLS, we will give you honest and straight up help in making your big ticket purchase, and will make the process stress free and fun. Call Aaron Hughes at 918 801-5645 or aaronhughes@remax.net or Joe Neill at 918 640-3300 or jneill@remax.net  Call today while selection is great, prices low, and interest rates at all time lows. You too can enjoy the Grand Lake good life!

Posted in gated community on Grand Lake, Grand Lake Real Estate, Monkey Island homes on Grand Lake, real estate news, waterfront building lots on Grand Lake, waterfront homes on Grand Lake | Comments Off on Grand Lake Real Estate Market Is Getting Much More Active