You've heard the saying, "HOME is where the HEART is". That was certainly TRUE for February 2012 in the Lake Texoma area. The following statistics from NTREIS revealed that from February 1, 2012 to February 29, 2012, there were 52 properties SOLD or PENDING for Pottsboro and Denison, compared with only 26 properties SOLD for the same time period in 2011. The continued decline in inventory and new listings is a leading indicator that price levels will soon stabilize,and, inevitably trend upward. This week, Warren Buffet said that the best investment right now is to find a good property, while prices are at their lowest levels since the Financial Crisis, BUY it, hold on to it until prices climb back up. NOW is the time to BUY! I don't know about you, but, I am a Warren Buffet fan and believer! When it comes to lake properties, BUYERS are always asking us, "What should I know before purchasing a lake property?" There are three important questions that BUYERS may want to ask their realtor: 1. What are the taxes? 2. Are there HOA's, and if so, how much? 3. Where does the Corps land begin? With these 3 questions answered, you are well on your way to a LAKE property purchase that will make your HEART soar and chase away those winter blues! On a final note...this week, while completing a lake property transaction, we contacted the United States Army Corps of Engineers to inquire about a boat dock permit. The Tulsa District, USACE, was very professional and helpful in answering our question. If you have a question about boat docks you may contact Josh Wingfield, Park Ranger, Lake Texoma at 903-465-4990 or email him at [email protected]. BUY now and get ready to enjoy the beautiful Spring weather! Simply search laketexoma.com real estate. Happy Lakehouse Hunting! More updates to come in March...