"As owner of McNally Properties over the past 3 decades, I have learned that every real estate transaction is different," says Pat McNally. "Our primary goal to our clients is to provide professional courteous and friendly representation in the purchase or sale of Lake of the Ozarks real estate. This begins with our hassle free local LOBR - BDAR* MLS database search. You can search all properties without giving any personal information. Lake Ozarks Real Estate Search From this link you can use our "BASIC" real estate search or use the tabs for individual detailed property types."
"We have learned through the years, in some instances we cannot properly represent a client for various reasons. Should this occur, with your permission, we will forward any requests you have made about a parcel of land to the appropriate parties."
* Lake Ozarks Board of Realtors - Bagnell Dam Association of Realtors
McNally Properties Lake of the Ozarks Market Forecast
Warm and sunny -- That's the forecast for the Lake of the Ozarks real estate market for the next decade. Not the doom and gloom that the media projects on a daily basis.
McNally Properties has handled such significant real estate transactions as the purchase of lake property by Hammons Hotels, the development of significant office and retail space and the recent sale of one of the lake's largest marinas. The McNally team is knowledgeable in property availability and value lakewide. From highway frontage to large waterfront tracts, existing businesses or manufacturing space, the McNally team guides clients in Lake of the Ozarks transactions.
The National Association of REALTORS surveys of investment and vacation home buyers shows the second home market soaring to record highs, even as primary residence sales fall. Americans will purchase 3.6 million second homes over the next 10 years. That's 1,000 per day.
The vacation home market is the last to respond to a down economy, and the first to recover. When the stock market struggles, people often look to the stability of long term real estate investments for security and enjoyment. And what better place to buy your second home than in the Lake of the Ozarks? Second home buying is easy and fun, much more so than stock, bonds and mutual funds. Second homes can provide additional monthly income and tax breaks. It's an investment that returns in many ways in addition to financial. It's a place to retreat, relax and recharge, and the value in family memories is priceless. Call it lifestyle equity.
The average age of leisure home buyers is getting younger. The first of the babyboomers turned 60 in 2006. A place to relax and refresh balances their hard-driving 24/7 success. The younger half of the baby-boom generation will drive this market over the next 10 years, as their income is also increased by the early gift-giving and inheritances from their parents. Over 25% of baby boomers own one or more properties other than their primary residence. They are retiring, or semi-retiring, earlier than ever before. A significant number of them will at some point turn their vacation home into a future primary residence.
The top drawing card for vacation homes is water. With 1,150 miles of meandering shoreline, Lake of the Ozarks offers ownership to the water and allows private docks, unlike most lakes in the country. It draws from all of the Midwest major cities, as vacation homeowners want a manageable driving distance for more frequent use. As buyers compare pricing to the coasts and the Great Lakes, the investment value becomes even more attractive. Add more golf holes per square mile than anywhere in the Midwest, plus unlimited premium shopping, and the package is complete.
Dip your toes in the water. It's warm and sunny.
Due to the fact that there are many real estate terms and sometimes they get confusing. We have broken them down alphabetically for your convenience and reference. Click on the links below for the most commonly used real estate terms and definitions.