Return to Panama City Real Estate Articles

Panama City Real Estate | Real Estate Article

Panama City Beach Real Estate

There has been a growing interest in Panama City beach real estate just as there has been a growing interest in beach real estate in many parts of the world. People are constantly looking to live the good life and owning beach real estate has become associated with a laid back and pleasurable lifestyle. The real estate business has been enjoying a boom period as people want to come off the fast lane and enjoy some sun, sea and sand.

Real Estate Professionals

If you are thinking of investing some of your hard earned dollars in beach real estate then you should first speak to a real estate professional. A professional can advise you on all the things that you need to know in order to purchase a property that suits both your needs and your budget. The first thing that a good real estate professional will help you with is to assess the amount of money you want to spend and the type of mortgage that you can afford.

A mortgage broker will want to know whether you are pre-qualified or pre-approved for a mortgage and a good real estate professional will be able to explain the difference between these two things. Once you have sorted out your financial position then the help of a qualified professional is invaluable in making sure that you will only be shown the types of property that you can afford. He or she will also be able to explain what your options will be if you are considering buying Panama City beach real estate investment property to rent.

Mortgage Pre-Qualification and Beach Real Estate

Your advisor will probably advocate that you go for mortgage pre-qualification because having all your paperwork in place gives you the edge over those buyers who haven’t. Your real estate professional will ensure that you are not looking at properties that you can’t afford and the fact that you already have the financial side of things sorted gives you a head start on other buyers.

When you are pre-qualified for a mortgage then the seller is more likely to take your offer seriously because they are pretty sure that you will get the loan and thus be able to close the deal on the property. Your real estate professional may introduce you to sellers who have opted to go for a property value range. This means that they have agreed that they will accept offers within a certain range of prices. This is good for the seller because they know that they are going to get offers within their desired price range. The price range is also good for the buyer because they know that there is a certain range of prices the seller will ask and the bidding will not go outside of that range. This makes it less likely that the buyer will have their bid gazumped by another buyer with an offer that is outside the specified price range.

Once you have some paper work concerning your mortgage arrangements it will be much easier to have your bid accepted. Speaking to a professional about what you want from a property and then following their advice will ensure that it won’t be too long before you are living the good life. A good advisor will increase the likelihood that you will soon be the proud owner of some Panama City beach real estate.

Panama City Real Estate | Bookmark and Share


Jennifer Mackay REALTOR®
Keller Williams Success Realty
2110 W. 23rd Street, Suite A. Panama City Fl 32405
Direct: (850) 774-6582
Office: (850) 392-1700
Fax: (850) 522-3697
Home   Search Listings   Listings Map Search   Featured Listings   Buyers Sellers Investors   About Us   Contact Financing  Mort. Calc.  Relocation Tourism  Forums News Lynn Haven Callaway Condos Military Relocation Commercial Mrkt Newsletter   Sitemap