Are You Ready For Home Ownership?

Owning a home may be your dream, but in order for the purchase to be the happy and satisfying experience it was meant to be, you need to ensure that you are financially and mentally prepared for the responsibilities that come with it.

Some people have a notion that home ownership is like renting, but with the power to have pets and paint the walls whatever color you like. However, while these privileges are available to homeowners in most municipalities, they come with the responsibilities of a mortgage, taxes and home maintenance. Preparing for home ownership requires you to take critical stock of your finances and your expectations.

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Questions for Prospective Homeowners

Are you ready to buy?

Owning your own home is about more than just being able to decorate any way you like; it's about being prepared to maintain your home over the years, realizing that part of your income and time will go towards repairs and maintenance. It's about being willing to take the risks of home ownership with a realistic expectation of the rewards.

How much can you afford?

It can be discouraging to find that your salary won't stretch as far as the home you want to own. However, sacrificing a huge part of your income just to pay the mortgage can very quickly make home ownership a burden rather than a point of pride. It's better to buy a modest home now and look at purchasing your "dream home" in a few years.

What is your debt-to-income ratio?

This is something that lenders take very seriously. Your overall debt should not be more than 40% of your income, and your housing debt should not be more than 32%. What 32% of your income will buy depends on where you want to live. In rural or downtrodden areas for example, it can buy a very comfortable residence and ample acreage. In highly sought-after urban areas however, it may not even buy a 400 square foot bachelor suite.

What do you want?

Do you like the idea of cleaning your own gutters? Do you shudder at the thought of lawn care? Would you rather just pay a fee every month and have everything done for you? Would obeying rules about when you can have your garbage cans out bother you, or do you want to live in a neighborhood where everything is 'just so'? The answers to these questions can help you narrow down the search for the right type of property for you.

We Can Help

You need a good agent who will work hard for you. Our real estate team is dedicated to helping you find the right home, at the best price. We want you to find the home that will make you happy and successful in real estate ownership.

When you hire us to help you buy your first home, we want to know what you want and how much you can afford. Then we'll find a way to merge these two priorities and find a residence that you'll enjoy owning.

Keep your objectives in mind when visiting a home. Sometimes the idea of owning a home can overwhelm your practical sense, so keep your feelings in check. Keep a list handy of the features that you need and want in a home, and judge each home by the list instead of by details that could distract you from your goal. When you're alone with your agent, you can go over the pros and cons of each home. We can help you stay on track while still keeping our eyes out for a great property.

Make the offer. This can be a maze of "buyer", "seller", "chattels", "deposit", and "completion". We'll be happy to prepare the paperwork and go through it with you before submitting it. Remember, the seller may reject or counter your offer, so even at this late date, avoid setting your heart on the home you hope to own. You'll probably have to write a deposit check to the seller's broker that proves the seriousness of your offer.

Get all necessary inspections done. A home inspector will check for signs of harmful materials like asbestos, lead paint and mold. They'll also check for evidence of pests, faulty wiring and leaks. This is a crucial part of the home purchase. Not getting an inspection done means that you could be stuck in a home with a bad case of black mold and no recourse other than to pay for its removal. Inspections will cost a few hundred dollars, but again, this is more than worth it in the end. There are several inspectors in the area that we'd be happy to recommend.

Do a final walkthrough before closing the deal. We'd be happy to do this with you to make sure that everything agreed upon is completed prior to the final signing.

From the first interview that determines your requirements to the moment that you receive the keys, we can help you with the complicated process of buying a home. Don't hesitate to contact us to find out more about how we can make the home buying process easier!

Contact us for more information about first time home purchasing.

First Time Home Buyers

All Listings Under $100,000 $100,000 - $200,000
$200,000 - $300,000 $300,000 - $400,000 $400,000 - $500,000
$500,000 - $600,000 $600,000 - $700,000 $700,000 - $800,000
$800,000 - $900,000 $900,000 - $1,000,000 Over $1,000,000
10,949 Properties Found. Page 1 of 913

Rare Commercial Development Opportunity! Multi-...

Photo of Listing #650278

$64,000,000 Active

  • 130 Acres
  • 13,880 ft²

Commercial Sales

9401 Thomas Drive, Panama City Beach, FL

MLS® #650278

Rare Commercial Development Opportunity! Multi-use Property Potential For Retail, Housing Development Or Condominium Development-walk To The Pristine Beaches Of The Gulf Of Mexico From Anywhere On Over 130 Acres (mol) With Road Frontage On Main Tourist Acc...

CENTURY 21 Commander Realty Inc

About 275 Feet Of Gulf Front - The Perfect Site...

Photo of Listing #671147

$27,500,000 Active

  • 2.25 Acres

Commercial Land

16621 Front Beach 1lhtmvh0jsaj, Panama City Beach, FL

MLS® #671147

About 275 Feet Of Gulf Front - The Perfect Site For A Condominium Development Project - Lake Front And Gulf Front - Conveniently Located Between Pier Park And Hwy 79 -

Exit Realty American

Fantastic Development Opportunity - 275 Ft. On ...

Photo of Listing #671175

$27,500,000 Active

  • 2.25 Acres
  • 31,800 ft²

Commercial Sales

16621 Front Beach Road, Panama City Beach, FL

MLS® #671175

Fantastic Development Opportunity - 275 Ft. On The Gulf -property On Both Sides Of The Street - Gulf Front And Lake Front! This Property Lends Itself To Be Developed In Stages - The Parcel On The Gulf Is Approx. 275x261+- And The Lake Side Part Is 202x131+-...

Exit Realty American

Owner Financing Available! Master Plan ...almos...

Photo of Listing #812210

$23,000,000 Active

  • 291 Acres
  • 12,675,960 ft²

Residential Land

0000 Us-98, Carrabelle, FL

MLS® #812210

Owner Financing Available! Master Plan ...almost 300 Acres Located On The Scenic Big Bend Of Unspoiled Old Florida! Just East Of Carrabelle And Adjacent To St. James Bay Resort And Golf Course. The Perimeter Of The Property Runs Along Highway 98 And The Bay...

Coldwell Banker Residential Re

Designed By Architect Chris Stoyles, This Priva...

Photo of Listing #822527

$15,750,000 Active

  • 5 Beds
  • 8 Baths
  • 7,154 ft²


200 Eastern Lake Rd, Santa Rosa Beach, FL

MLS® #822527

Designed By Architect Chris Stoyles, This Private & Ultra-luxurious Gulf Front Estate Sets A New Standard In Luxury Properties. Entering The Estate Through The Gated Portal, You're Greeted By An Impeccably Manicured Landscape That Leads To The Guest Compoun...

Davis Properties Of Nw Fl

50 Acre +- Vacant Parcel Located In Point Washi...

Photo of Listing #814093

$13,500,000 Active

  • 50 Acres
  • 2,178,000 ft²

Residential Land

4401 Hwy 98, Point Washington, FL

MLS® #814093

50 Acre +- Vacant Parcel Located In Point Washington Across From Regional Utilities, The Parcel Fronts A Natural Creek (peach Creek) That Runs Into The Intracoastal, Approximately 2500' Of Waterfront, Great Development Parcel In The 6th Fastest Growing Coun...

Nbi Properties Inc

#paradisebythesea!! Only Gulf Front Home Availa...

Photo of Listing #826146

$12,750,000 Active

  • 7 Beds
  • 9 Baths
  • 0.63 Acres
  • 10,035 ft²


145 Paradise By The Sea Blvd, Seacrest, FL

MLS® #826146

#paradisebythesea!! Only Gulf Front Home Available To Buy In This Gated Sub/div Adjacent To Alys Beach & Ez Walking Distance To Rosemary. The Synergistic East End Of Scenic Hwy 30-a Is The Place To Invest In Your Legacy Home! Fabulous Gulf Views From This H...

Linda Miller Real Estate LLC

Welcome To The Pinnacle Of Craftsmanship, Refin...

Photo of Listing #826181

$12,500,000 Active

  • 4 Beds
  • 6 Baths
  • 5.2 Acres
  • 7,995 ft²


442 Nicole Forest Dr, Santa Rosa Beach, FL

MLS® #826181

Welcome To The Pinnacle Of Craftsmanship, Refinement And Style, A Magnificent Achievement In An Irresistible Setting. Designed By Matthew Savoie Aia, And Built With Meticulous Craftsmanship By Davis Dunn Construction, This Estate Features Grand Scale, Opule...

Scenic Sotheby's Intl Realty

The Point, 732 Peake's Point Drive, Is Notably ...

Photo of Listing #793741

$12,000,000 Active

  • 6 Beds
  • 8 Baths
  • 1.4 Acres
  • 11,811 ft²


732 Peakes Point Dr, Gulf Breeze, FL

MLS® #793741

The Point, 732 Peake's Point Drive, Is Notably The Finest Address In The Pensacola Area. One Thousand Feet Of Beachfront And A 180-degree View Of Both Pensacola Bay And The Intracoastal Waterway Are The Backdrops For This Quiet, Secluded Spot Of Heaven. Sun...

Real Estate International Inc

Topsail Village Is A Rare, Fully-entitled, Mixe...

Photo of Listing #825658

$11,950,000 Active


Commercial Sales

17 Topsail Village Dr, Santa Rosa Beach, FL

MLS® #825658

Topsail Village Is A Rare, Fully-entitled, Mixed-use Project Situated Along A Highly Desirable Stretch Of Scenic 30a In South Walton County, Florida. Phase I Of The Village Contains 4 Existing, Income-producing Buildings, Which Include 36 Hotel Units In 2 ...

Somers & Company

The Sellers Have Recently Completed The Long Pr...

Photo of Listing #823823

$11,250,000 Active

  • 330 Acres
  • 14,374,800 ft²

Residential Land

330 Acres Between Hwy. 98 & Chat H, Santa Rosa Beach, FL

MLS® #823823

The Sellers Have Recently Completed The Long Process Of A Land Use Change And Finalizing Developer Agreement With Walton County. The Property Is Now Ready For A Developer To Devise A Planned Unit Development Agreement And Obtaining Their Permits From The, A...

Keller Williams Realty Destin

This Dynamic, Classic Mcalpine Designed Home Gr...

REDUCED 8% Photo of Listing #764161

$10,900,000 Active

  • 6 Beds
  • 8 Baths
  • 0.11 Acres
  • 5,208 ft²


11 Spanish Town Ct, Rosemary Beach, FL

MLS® #764161

This Dynamic, Classic Mcalpine Designed Home Graces 66 Waterfront Feet In Iconic Rosemary Beach On The Gulf Of Mexico. The Courtyard, Pool And Outdoor Living Spaces Are An Elegant Prelude To The Coastal Sophistication Within This Gulf-front Gem. Beautiful...

Scenic Sotheby's Intl Realty

DISCLAIMER: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Source: Bay County Association Of REALTORS® Multiple Listing Service

DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2019, All rights reserved.

Listing information last updated on August 26th, 2019 at 2:15am CDT.