The Scott Gregory Team Reveals Navarre Beach Real Estate Boom

The Scott Gregory Team, which specializes in helping people buy and sell their home, has revealed that Navarre Beach real estate market looks very positive in 2016.

Experts predict that the community will be a much different place in 2-3 years. There’s a 161-room beachfront being constructed for Marriott Springhill Suites and is set to open in the spring of 2017. Another local hotel is also under way.

In Navarre Beach, the developments are not limited to new businesses. New homes are also popping up throughout the area. Once overlooked as a Panhandle tourist destination, the horizon is changing for Navarre Beach and more and more visitors are discovering the beauty the awaits them in this quiet stretch of Barrier Island.

But while developments are certainly rising in the area, locals and developers don’t see it comparing to Pensacola Beach anytime soon. It remains an ideal location for people who only want to enjoy the beach and the water, and it offers a much different feel from Destin or Pensacola Beach.

There is an influx of tourists not just from the traditional Louisiana and Texas markets, but also from Atlanta, Missouri, North and South Carolina, and Tennessee. This has led to a steady growth in bed tax collections from rentals and a lot of people are now considering buying real estate here that they can then turn into rental income.

The Scott Gregory Team, who are also an expert in Pace Florida Real estate and Cantonment Real estate sees a lot of potential in Navarre Beach for homebuyers and investors. The interest coming from new places continues to trigger a steady increase in property values here and the numbers are only going to rise in the coming years.

Lauren Watson, who rented a property here for a week hopes the atmosphere doesn’t change too much in Navarre Beach. “I love it here. My whole family really had so much fun and will continue to come back every summer.”

About Scott Gregory Team

This real estate agent is an expert in the local area, providing homebuyers a wealth of information on the property and location they are interested in. They also help home sellers get the best price for their property. For more information, please visit http://www.greatpensacola.com/

Contact Details:-

Great Pensacola

Keller Williams Realty Emerald Coast

8494 Navarre Parkway

Navarre, FL 32566

Office: 850-982-2039

Fax: 877-501-9771

What You Need So You Can Be Pre-Approved for a Mortgage

Shopping for a home is a wonderful experience but if you’re serious about purchasing Pensacola FL real estate, you need to begin the process in a lender’s office. Potential buyers can really benefit by consulting with a lender and getting a pre-approval letter before you go to an open house.

To start with, you’ll be able to discuss your loan options with the lender. In addition, your lender will also be able to check your credit rating and inform you if there are any problems. And that’s not all. You’ll also be informed about the maximum amount you can loan so you’ll know exactly how much you can afford to buy when shopping for Pensacola or Gulf Breeze FL real estate.

Knowing the Difference Between Pre-Qualification and Pre-Approval

You may be a bit confused of these two terms. A mortgage pre-qualification is helpful because it can provide you with an estimate as to how much you can afford to buy. On the other hand, a mortgage pre-approval means your credit has already been checked by a lender and they have verified your documentation and approved a specific loan amount. Take note that this pre-approval is only good for 90 days and the final approval will only happen when you have the appraisal and you have actually applied a loan to a particular real estate.

The following are the requirements you need to complete before you seek a mortgage pre-approval:

1. Proof of income

You should prepare your W2 statements for the past 2 years, as well as your pay slips to show that you are actually earning money now. If you have proof of additional income such as bonuses or an alimony, you need to furnish the lender with these documents as well.

2. Proof of assets

Present the lender with investment account statements and bank statements to show that you have money for the down payment and closing expenses. You should also have proof of cash reserves.

3. Good credit standing

A lot of lenders today reserve the lowest interest rates for those with a high credit score (at least 740). If you have a low score, you may need to set aside a higher down payment.

4. Employment verification

Even if you show the lender your pay stubs, they may still ask you to provide your employer’s information so they can call them and verify that you are still employed. Lenders would only lend money to those with stable employment and those who are self employed should provide a lot of additional paperwork.

5. Other documents

Your lender will need to have a copy of your social security number and driver’s license. They will also need your permission to check your credit report.

Whether you are planning to buy Pensacola or Fort Walton Beach Real estate, getting a mortgage pre-approval will work to your advantage.