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Getting Ready To Buy Fort Walton Beach Real Estate

Purchasing a property is likely one of the most significant financial decisions you'll ever make. Whether you're a first-time home buyer or an experienced investor, it's crucial to make thoughtful decisions throughout the buying process. Here are some important considerations to keep in mind before making a purchase.

Why Are You Buying?

Are you tired of paying high rent or have you outgrown your current home? Are you in the market for an investment property?

Understanding your "why" behind a new purchase will help you assess the right factors and select the best property for your needs

Are You Ready to Invest?

Property ownership has been one of the top strategies for building wealth - and still is!

Whether you're buying your first home and building your first asset or looking for a rental property, now is a great time to invest. Real estate investments are among the most stable assets, carrying less risk compared to other forms of investment like stocks or collectibles.

When you are ready to get started, call us at 850.344.1517 or complete this short form and one of our agents will be in touch.

More key considerations

Manage your finances

Avoid making sudden career changes or large purchases at this time. Approach your property purchase from a position of financial stability. Large purchases or loans can impact your credit and financial profile, limiting your buying options. Your credit score significantly affects the type of property you can buy, your interest rate, and the overall property price.

We can connect you with one of our preferred lenders to get an updated credit report, so you know exactly where you stand. The lender will review your credit ratings from the three major credit reporting agencies: Equifax, Experian, and TransUnion. We are happy to recommend seasoned, knowledgeable lenders specializing in residential, construction, commercial, and investment real estate.

Organize Your Finances

When it's time to make an offer, being fully prepared to close the deal is essential. To avoid delays, bidding wars, or conflicts, it's crucial to have your finances in order.

  • Bank accounts
  • Recent pay stubs
  • Check Your Credit Rating
  • Financial statements
  • Investments
  • Tax returns for two years
  • Credit cards
  • Auto and other loans
  • Copies of leases for investment properties
  • 401K statements, life insurance, stocks, bonds, and mutual account information

Prequalify

Pre-qualifying for a loan will help you with the following:

  • Finding the ideal price range you can afford
  • Determining what your monthly payment will be
  • Understanding the different loans you qualify for
  • Estimating the down payment and closing costs

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Tips For Buying

Don’t Max Out Your Budget
Even if you’ve been approved for a maximum amount, it’s wise not to spend it all on the home's purchase price. Be sure to set aside funds for closing costs, taxes, and potential home repairs or remodeling.

Get to Know the Area
Ensure the neighborhood suits your family's needs. Consider proximity to schools and convenient access to shopping and other essential services.

Don’t Skip the Home Inspection
Home inspections are invaluable, as they can reveal hidden problems you might not notice otherwise. They provide peace of mind and help you make more informed decisions about your purchase.

Get Pre-Approved
Securing pre-approval from a lender shows the seller that you are serious and ready to purchase, rather than just window shopping.

Make a List of Deal Breakers

Identify what you can live with, what you can't live without, and what can be addressed with a simple remodel. For example, if you need a 4-bedroom home, don't settle for a 2-bedroom that requires a costly addition.

Check the Age of Appliances and Other Systems:

Appliances are among the most expensive parts of a home, so it's important to consider their age and maintenance history. Additionally, have your HVAC system, hot water heater, and septic and well systems (if applicable) inspected. You might also negotiate with the seller to include a home warranty in the purchase.

Review HOA Requirements:

Many neighborhoods have HOAs that set rules and regulations. Make sure you understand the specific guidelines for your neighborhood.

Buyer Tips

Areas We Serve

  • Fort Walton Beach
  • Eglin AFB
  • Hurlburt AFB
  • Okaloosa Island
  • Destin
  • Niceville-Valparaiso-Bluewater Bay
  • Navarre-Mary Esther
  • Sandestin
  • Santa Rosa Beach-0A