- Call/Text: 850.987.HOME(4663)
- 1805 Alhambra St. Navarre, FL 32566
Spring Planting in Northwest Florida: What to Grow in April and May
Spring is in full swing along the Emerald Coast and there is no better time to breathe new life into your garden! Whether you’re sprucing up your landscaping before listing your home to sell or simply enjoying the sunny season in your new home, April and May are prime conditions for planting in Northwest Florida.
While Navarre’s subtropical climate means a longer growing season, knowing what to plant, and when, is key to a thriving lush garden. Here’s your go-to guide for spring planting in Navarre, Pensacola, Milton and beyond.
🌿 Top Plants to Grow in April
April is a fantastic time to get a jump start on annuals, perennials, herbs and veggies that thrive during the spring season.
Flowers & Ornamentals
Marigolds: Easy to grow and pest-resistant
Petunias: Perfect for hanging baskets and garden beds
Zinnias: Bright, butterfly-attracting blooms
Salvia & Pentas: Thrive in full sun and attract pollinators
Vegetables
Tomatoes: Get them in the ground early April
Peppers: Bell, banana, and jalapeños do great here
Squash & Zucchini: Quick growers in warm soil
Cucumbers: Prefer well-drained soil and trellises
Herbs
Basil: Loves the heat and grows fast
Thyme & Oregano: Low-maintenance and great in containers
Parsley: Tolerates spring temps and partial shade
🌸 Best Plants for May
As temps rise, May is all about heat-loving plants that thrive in Florida’s sun-soaked climate.
Flowers
Vinca (Periwinkle): Tough, drought-resistant color
Portulaca (Moss Rose): A low-growing beauty for borders
Sunflowers: A cheerful choice that grows fast in full sun
Vegetables
Sweet Potatoes: Perfect for planting in late spring
Okra: Loves the heat and sandy soil
Eggplant: Start from transplants for best results
Tropical Touches
Hibiscus & Bougainvillea: Bold blooms that scream “Florida”
Crotons & Caladiums: Bring rich color and texture to shaded spots
🌱 Tips for Planting Success in Spring
Soil Prep Matters: Be sure to mix in compost or organic matter to improve sandy soils.
Water Wisely: Early mornings are best; deep, less frequent watering encourages strong roots. If you’re watering in the afternoons, you risk scorching your plants in the sun.
Mulch It: Helps retain moisture and keeps weeds down—essential during hot days.
Know Your Zones: Northwest Florida is mostly in USDA Zone 9a/9b, which means frost is rare after March.
🏡 Curb Appeal That Sells
Thinking of listing your home? A fresh garden or flowerbed can be a major curb appeal booster. Bright flowers in containers, tidy hedges and a freshly mulched yard send a strong first impression to buyers. Need more prep tips? Our team at Navarre Real Estate Source is happy to help get your home market-ready—inside and out.
Happy planting, and here’s to a beautiful spring in Navarre Florida! 🌞🌷
Mortgage Loan Assumptions: A Smart Option for Buyers and Sellers
When you’re buying or selling a home the financing options can make a difference in the affordability and ease of the process towards closing. One lesser-known but potentially helpful option is mortgage loan assumption, which allows a buyer to take over an existing mortgage.
For buyers, assuming a loan could mean securing a lower interest rate compared to current rates. For sellers, offering an assumable loan could make their home more attractive to potential buyers. However, this process comes with specific requirements, qualifications and considerations. Let’s discuss.
What Is a Mortgage Loan Assumption?
A mortgage loan assumption allows a homebuyer to take over the seller’s existing loan, including the interest rate, balance and remaining repayment period. Instead of applying for a brand-new mortgage, the buyer essentially step into the seller’s shoes, continuing payments under the same terms.
This option can be highly advantageous when the interest rates are higher, as the buyer could assume a much lower rate than what’s currently available.
However, not all loans can be assumed. Generally, only government-backed loans allow for assumption:
- VA (Veterans Affairs) Loans
- FHA (Federal Housing Administration) Loans
- USDA (United States Department of Agriculture) Loans
Additionally, conventional loans are only assumed in rare cases due to a special clause in the mortgage terms. Not all lenders allow USDA loans to be assumed; it is important to check with your loan servicer before moving forward.
Can a Non-Veteran Assume a VA Loan?
Yes, but it’s not a good idea. If a non-veteran assumes a VA loan, the original veteran’s entitlement remains tied to that loan, therefore, they will not be able to use benefits to purchase another home until the original loan is paid off in full.
For this reason, many veterans prefer to have another veteran assume their VA loan, as it allows for a smooth transfer of entitlement.
Why Would a Buyer Want to Assume a Loan?
If the seller’s mortgage has a low interest rate, assuming the loan can save buyers thousands of dollars over the life of the loan. This is particularly valuable when market interest rates are significantly higher. Additionally, traditional home loans require extensive underwriting, private mortgage insurance and lender fees. An assumption can bypass some of these costs, making homeownership more affordable for the buyer.
The Loan Assumption Process: What Buyers Need to Know
#1. Does the Buyer Need to Qualify for the Loan?
Yes. Even though an assumable loan does not require a new application, the buyer must meet credit, income, and asset requirements set by the lender.
#2. Does the Property Have to Be a Primary Residence?
It depends on the lender. Some lenders allow assumptions on investment properties, while others require the buyer to live in the home as their primary residence.
#3. What Costs Are Involved?
While assuming a loan can save money, there are still upfront costs, including:
– Closing costs
– Escrow account setup fees
– Any applicable funding fees (VA loans require a funding fee unless the buyer is exempt)
Additionally, if the home’s sale price is higher than the remaining loan balance, the buyer must pay the difference in cash or secure secondary financing.
If you’re looking for a low-interest loan and reduced closing costs, assuming a mortgage could be a fantastic option. However, be sure to check with the loan servicer to ensure you meet qualification requirements.
What Sellers Should Know About Loan Assumption
If you’re selling a home and your loan is assumable, this can be a major selling point in a market with rising interest rates. However, there are a few key considerations:
The seller must continue making payments until the assumption is complete and closed. No missed payments are allowed. Additionally, veterans selling a home with a VA loan, it is important to request a release of liability from the VA once the assumption is complete; this process can take 45-60 days.
Upon closing, the seller will receive a refund of any remaining escrow balance.
Navigating mortgage loan assumptions can be complex, but with the right guidance by Navarre Real Estate Source, it can be a huge advantage for both buyers and sellers. Contact us today for a recommended mortgage lender we trust along the Emerald Coast.
Featured Property for Sale: 7197 Brinkley St in Navarre
Welcome to 7197 Brinkley St in Navarre, where luxury meets comfort in this beautiful 4-bedroom, 3-bathroom home. Priced at $715,000, this single-family residence offers 2,612 square feet of thoughtfully designed living space, making it the perfect choice for families, professionals or anyone seeking their own piece of paradise on the Emerald Coast.
From its modern amenities to its prime location, 7197 Brinkley St promises the ultimate Gulf Coast lifestyle.
Why Will You Love This Home?
Spacious and Elegant Living
When you step inside this beautiful home, you’ll discover an open-concept layout that seamlessly connects the living, dining and the kitchen areas. Natural light floods the home with the high ceilings, recessed lighting and large windows. The neutral color palette provides a perfect backdrop for any style of decor.
- Living Room: This area is spacious with plenty of room for entertaining guests or enjoying cozy family nights.
- Dining Area: The open kitchen makes gatherings effortless.
- Bonus Spaces: Make this home work for you, with a reading nook, playroom or an additional entertaining area.
Gourmet Kitchen
Create lasting memories with family and friends in 7197 Brinkley St’s kitchen, designed for both functionality and style. Whether you’re cooking a casual breakfast or hosting a dinner party, this kitchen is the perfect backdrop.
Key Features:
- Granite Countertops: Expansive surfaces for meal prep and entertaining.
- Stainless Steel Appliances: Top-of-the-line appliances for all your culinary needs.
- Custom Cabinetry: Ample storage space with soft-close features.
- Center Island: Perfect for casual dining or gathering with friends.
Luxurious Bedrooms and Bathrooms
The home offers four spacious bedrooms, each designed to be a private retreat. The split-bedroom floor plan ensures privacy, with the primary suite separated from the additional rooms.
- Primary Suite: The master suite is a true sanctuary, featuring a large bedroom, walk-in closet and spa-like en suite bathroom.
- En Suite Bath: Providing a touch of luxury with dual vanities, a deep soaking tub and a walk-in shower.
- Guest Bedrooms: Generously sized with plenty of closet space.
- Additional Bathrooms: Well-appointed with modern fixtures and finishes.
Outdoor Oasis
Emerald Coast living is all about enjoying the outdoors, and 7197 Brinkley St delivers with its breathtaking backyard and covered patio. Imagine sipping your morning coffee while soaking in the peaceful surroundings or hosting weekend barbecues with friends and family.
Emerald Coast living is all about soaking up all of the sunshine and 7197 Brinkley St delivers with its breathtaking backyard, sparkling blue swimming pool and covered patio.
- Spa & Pool: Heated with natural gas, this sparkling swimming pool and spill-over spa is waiting for pool parties and backyard BBQs.
- Covered Patio & Fire Pit: Perfect for outdoor dining and relaxation.
- Fenced Yard: Safe and spacious for privacy and for kids and pets to play.
- Lush Landscaping: Thoughtfully designed for low maintenance and year-round beauty.
7197 Brinkley St is located in one of the most desirable neighborhoods in Navarre, this home offers the perfect balance of relaxation, tranquility and convenience. This home is located near the Emerald Coast’s sugar-white sand and emerald waters, top rated schools, the growing shopping areas, boutiques and restaurants. Military families are close to Hurlburt Field, Eglin Air Force Base and NAS Pensacola. A combination of spacious interiors, moder amenities and prime location makes 7197 Brinkley St the perfect choice for you.
Schedule Your Private Tour Today!
Don’t miss your chance to own this incredible property in Navarre. 7197 Brinkley St is move-in ready and waiting for its next owner. Contact Navarre Real Estate Source today to schedule a private viewing, discuss financing options, or get more details about this exceptional home.
Understanding the Homestead Exemption in Northwest Florida
Owning a home in Florida comes with various benefits, and one of the most significant is the homestead exemption. This tax exemption is designed to reduce the property tax burden for homeowners who use their property as their primary residence. For homeowners in Okaloosa, Escambia, and Santa Rosa counties, understanding the homestead exemption will help maximize your savings and ensure compliance with local tax laws.
Let’s explore why it is important to you, and how to apply.
What is the Homestead Exemption?
The homestead exemption is a legal provision that allows homeowners to reduce the taxable value of their primary residence by up to $50,000. The first half applies to all property taxes, while the second half applies only to non-school taxes (such as taxes for county government, city/municipality, districts, emergency services, and infrastructure like roads and bridges). Additionally, Florida’s “Save Our Homes” cap limits yearly increases in a property’s assessed value to 3% or the percentage change in the Consumer Price Index, whichever is lower. This provides homeowners with long-term stability and protection against rising property values.
Who Qualifies?
To qualify for the homestead exemption, the property must be your permanent residence as of January 1 of the tax year. Applicants must be U.S. citizens or permanent residents, and only one homestead exemption is allowed per individual or married couple. Proof of residency is required, which may include a Florida driver’s license, voter registration, and/or utility bills. These documents verify that the property is your primary residence, ensuring compliance with the exemption requirements.
Depending on income requirements, seniors aged 65 or older may qualify for additional exemptions. Disabled veterans and those with disabilities may also have additional reductions in their property taxes. For example, a homeowner who qualifies for both the homestead exemption and a disability exemption could see significant reductions in their tax liability.
How to Apply & When to Renew
Applying for the homestead exemption is a simple and straightforward process. Application form DR-501, along with the necessary proof of residency documentation, must be filed with the county property appraiser’s office by March 1 of the tax year. For Okaloosa and Escambia County homeowners, applications can be filled out online through the property appraiser’s website. However, Santa Rosa County encourages first-time applicants to visit their office.
The homestead exemption for Okaloosa, Escambia, and Santa Rosa counties automatically renews each year, making it easy to maintain your benefits.
If your primary residence changes or the property is converted to a rental property, you are required to notify the Property Appraiser’s Office. Fines and penalties (including back taxes) may apply if you fail to update your status.
The homestead exemption is a great tool for reducing property taxes and protecting your home. Do you have any questions about filing or whether you qualify? Contact your county’s property appraiser’s office or ask your real estate agent.
The Importance of Carbon Monoxide Detectors
As the temperatures drop and Navarre homeowners begin to rely turn on their heaters, safety measures like carbon monoxide detectors become even more critical. Carbon monoxide (CO) is often called “the silent killer,” since it doesn’t have an odor, color or taste. Let’s discuss why your home needs a carbon monoxide detector, how to respond to an alert, and how to prevent CO exposure in your home.
Understanding Carbon Monoxide (CO)
What is Carbon Monoxide?
CO is a product of burning fuels such as natural gas (including propane) or wood. It’s produced when combustion occurs without adequate ventilation or oxygen supply. Common causes of Co come from gas furnaces, water heaters, fireplaces, gas stoves/ovens and vehicles running in closed spaces (attached garages).
Why is CO Dangerous?
When CO binds to the hemoglobin in your blood, it prevents oxygen from circulating causing severe health consequences. Increased exposure to a high-level of CO may result in unconsciousness or even death.
If you’re experiencing any of these symptoms it is important to seek medical attention. Remember, early detection of CO poisoning can save lives.
- Mild Exposure: Headaches, nausea and/or fatigue
- Moderate Exposure: Dizziness, confusion and/or difficulty breathing
- Severe Exposure: Loss of consciousness or death
Why Every Home Needs a Carbon Monoxide Detector
Carbon monoxide detectors help save lives by providing early warnings, allowing people to leave the area before CO levels rise to deadly levels. Additionally, CO detector alerts you before symptoms like dizziness, nausea, or confusion set in.
When carbon monoxide (CO) detectors sense dangerous levels, they will sound an alarm similar to a fire alarm. When deciding where to place your carbon monoxide detectors, position them near sleeping areas and common rooms, while avoiding placement near vents. Remember to test detectors monthly** and replace batteries annually.
If your CO detector alarms, be sure to evacuate the area immediately, call 911 and do not re-enter until you’re given clearance.
Prioritizing Carbon Monoxide Safety in Your Home
Carbon monoxide detectors are an essential safety feature for every household. As cooler Florida weather and we’re turning on our heating systems, by installing, maintaining and knowing how to respond to CO detector alerts ensures your family’s safety.
Discover Your Dream Home at 5990 Mountain Crest Avenue
Unlocking the door to your dream home is an exciting journey, and at Navarre Real Estate Source, we are your steadfast guides through every step of the home buying process. As you embark on the adventure of buying a house, our expertise transforms this process into a seamless and personalized experience.
With its unique coastal charm, Navarre demands a nuanced understanding. Our team of real estate agents are knowledgeable in current pricing trends, upcoming developments and neighborhoods, offering insights that go beyond the surface. It’s not just about finding a house; it’s about finding your place in the heartbeat of Navarre. We are confident in our ability to help you buy your dream home.
Why Navarre Real Estate Source?
Our team of real estate agents knows negotiation is an art; it takes skill to ensure you secure optimal terms and prices. In the vibrant and competitive marketing of home buying and selling in Navarre, our prowess becomes your distinct advantage, turning your homeownership dreams into a beach-side reality.
Our experience in navigating the paperwork maze of home buying and selling is where our agents shine. Real estate transactions involve reading the finer print, and our realtors meticulously manage every aspect, ensuring a stress-free path to homeownership. Your focus remains on the joy of finding your perfect home.
Buying a house isn’t just a transaction; it’s a journey, and at Navarre Real Estate Source, we’re dedicated to making it your best one yet. Explore our active listings to begin your adventure toward homeownership in the charming coastal haven of Navarre.
Are you searching for a home for sale in Pace, FL that combines elegance with space and modern comforts? If so, look no further than the stunning property at title=”5990 Mountain Crest Avenue in Pace, FL”>5990 Mountain Crest Avenue. This home seamlessly brings together luxury, convenience and the best of Northwest Florida living—all in one place!
Why This Home for Sale Stands Out
This beautiful property boasts 5 bedrooms and 3.5 bathrooms on 1.08 acres. As you step through the front door, you’ll be welcomed by an open-concept layout thoughtfully designed to maximize space and natural light, creating a warm and inviting atmosphere in every room. Next, with its spacious living room and family area, this home offers the ideal setting for both entertaining and relaxation. Furthermore, the kitchen is equipped with high-end stainless steel appliances, a large kitchen island and generous counter space. Each bedroom also features large windows, providing ample natural light. Meanwhile, in the master suite’s bathroom, you’ll find double vanities, a large soaking tub and a separate shower.
But the amenities don’t stop there! This home’s backyard is a tropical oasis, complete with a massive lagoon-style swimming pool featuring three fountains, LED lighting, palm trees and, of course, a cabana!
Don’t miss out on this rare opportunity to own a beautiful, spacious home in Pace, FL. Visit our listing for 5990 Mountain Crest Avenue to see more details, photos and to schedule a tour. Your new home is calling… schedule your showing today!
Experience the Ultimate in Coastal Living with Navarre Beachfront Homes
Imagine waking up each morning to the serene sound of waves gently hitting the shore, as the sun rises over the horizon. The first rays of light fill your room, inviting you to step onto your balcony, where you can sip your morning coffee while gazing out at the endless expanse of the Gulf of Mexico. This is not just a daydream — this is the reality of life in a Navarre beachfront home.
Nestled along the sugar-white sands of Florida’s Emerald Coast, Navarre offers a unique blend of natural beauty, tranquility, and a friendly community. Here, you’ll find that life moves at a more relaxed pace, allowing you to fully enjoy the serenity of Navarre beachfront living. Whether you’re seeking a peaceful retreat, a family-friendly environment, or a vibrant spot for entertaining, Navarre has something to offer everyone.
Navarre Real Estate Source: Your Gateway to Coastal Luxury
At Navarre Real Estate Source, we believe that buying a home is more than just a financial decision—it’s a commitment to a lifestyle. That’s why we take great pride in offering a handpicked selection of Navarre beachfront homes that cater to a variety of tastes and needs.
Imagine spending your days exploring pristine beaches, kayaking or paddle boarding near the local’s favorite Juana’s, or simply lounging by the water. As the day winds down, you can unwind on your private deck, enjoying a front-row seat to some of the most breathtaking sunsets you’ll ever witness.
Why Choose Navarre Real Estate Source?
What sets Navarre Real Estate Source apart is our unwavering commitment to our clients. We understand that every buyer has unique needs and preferences, and we are dedicated to finding the perfect match for each of our clients. Our team consists of experienced real estate professionals who have a deep connection to the Navarre community. This local expertise gives us an edge in identifying the best properties and negotiating the best deals for our clients.
We are not just selling homes; we are offering a personalized real estate experience. Our approach is tailored to ensure that every client feels valued and supported throughout the entire buying process. From the initial consultation to closing, we are with you every step of the way, providing expert guidance and answering any questions you may have.
Our commitment to excellence is reflected in the stories of our satisfied clients. Whether you’re a first-time buyer looking for an investment home, a retiree seeking a peaceful place to enjoy your golden years, or an investor looking for a property with strong rental potential, we have helped countless clients achieve their real estate goals.
Your Dream Home Awaits
Owning a piece of Navarre’s pristine coastline is more than just a dream; it’s a reality that is within your reach. At Navarre Real Estate Source, we are here to help you make that dream come true.
Don’t let this opportunity pass you by. Contact Navarre Real Estate Source today to schedule a consultation and begin your journey toward owning a beachfront home. Our team is ready to assist you in finding the perfect property that meets your needs and exceeds your expectations. Your ideal coastal sanctuary is waiting for you, and we are here to help you find it.
Whether you’re looking for a cozy retreat where you can escape from the hustle and bustle of everyday life, a luxurious beachfront home where you can entertain friends and family, or a smart investment that will provide long-term value, Navarre Real Estate Source is your trusted partner in making your beachfront dreams a reality.
Explore Your Dream Home: 7614 Blackjack Circle
Navarre, Florida, known for its pristine and sugar-white sand beaches, vibrant community, and serene lifestyle, offers a variety of beautiful homes for those looking to settle in the area. One of the standout properties currently on the market is located at 7614 Blackjack Circle. Don’t sleep on this this exquisite home, it is priced to sell!
A Closer Look at 7614 Blackjack Circle
Nestled in a quiet neighborhood, 7614 Blackjack Circle is a property that impresses at first glance. Featuring a spacious floor plan, modern amenities, and a beautiful outdoor space, it caters to a variety of lifestyles. This home, built with attention to detail and quality, offers a blend of comfort and elegance that is hard to find.
Interior Features
Living Spaces: Upon entering, you’re greeted by a spacious and open living area, with high ceilings, that is perfect for both relaxation and entertaining.
Kitchen: The kitchen is a dream for any homeowner, equipped with state-of-the-art appliances, ample counter space, and a large island. Whether you’re preparing a quick meal or hosting a dinner party, this kitchen has everything you’ll need.
Bedrooms: The home features four bedrooms, each designed to provide comfort and privacy. The master suite is most impressive, offering a large walk-in closet and an bathroom with a large soaking tub.
Bathrooms: 7614 Blackjack Circle’s two bathrooms have modern fixtures, beautiful tile work, granite countertops and plenty of space and light.
Exterior and Curb Appeal
From the moment you arrive, the home’s well-maintained exterior, featuring lush landscaping and a welcoming front porch, sets the tone for what lies inside. The architectural design is both modern and timeless, ensuring that the home remains beautiful for years to come.
Outdoor Living: The outdoor space at 7614 Blackjack Circle is equally impressive. The backyard is perfect for outdoor activities, featuring a large covered patio area where you can enjoy Florida’s beautiful weather. Whether you’re hosting a barbecue, gardening, or just relaxing with a good book, this large outdoor space offers endless possibilities.
Location: Living in Navarre
Navarre is one of Florida’s hidden gems, known for its laid-back atmosphere and stunning natural beauty. Living at 7614 Blackjack Circle means you’re just minutes away from some of the best beaches on the Emerald Coast.
Community and Schools: Navarre is home to excellent schools and a strong sense of community. View local schools.
Proximity to Destinations: While Navarre offers a peaceful lifestyle, it is also conveniently located near Pensacola and Fort Walton Beach, making it easy to access a wider range of shopping, dining, and entertainment options.
Why 7614 Blackjack Circle is the Perfect Home for You
7614 Blackjack Circle combines modern living with the tranquility of Navarre’s natural beauty, making it a perfect choice for families, retirees, or anyone seeking a peaceful yet connected lifestyle.
This home is more than just a house; it’s a place to call home. With its beautiful design, modern features, and ideal location, this property offers everything you need to live your best life in one of Florida’s most charming communities. Don’t miss out on the opportunity to make this dream home yours.
Call Shannon today to schedule your private showing.
Why the Age of Your Roof is Important When Buying a Home
When considering purchasing a home, one of the most critical yet often overlooked aspects is the age of the roof. Here’s why the age of your roof should be one of your top priority items in your home buying decision:
Impact on the Value of Your Home
Resale Value: A newer roof can significantly enhance the resale value of a home. Prospective buyers are likely to be more attracted to a property with a recently installed roof, knowing they won’t need to replace it soon.
Marketability: Homes with newer roofs tend to sell faster because buyers appreciate the assurance of not having to face immediate roofing issues.
Maintenance Costs
Immediate Repairs: Older roofs may require immediate repairs or even replacement, which can be a substantial out-of-pocket expense for the home buyer. Knowing the roof’s age helps you anticipate these costs and make an informed decision on your offer when purchasing the home.
Routine Maintenance: Leaks can be sneaky and can pop up in heavy rains. Regular maintenance on an older roof can be more frequent and costly. On the other hand, a newer roof typically requires less maintenance.
Energy Efficiency
Insulation: Roofing materials and insulation technology improve over time. A newer roof is likely to be more energy-efficient, helping to reduce heating and cooling costs.
Ventilation: Modern roofs often have better ventilation systems, which can also contribute to overall energy efficiency and comfort in the home.
Insurance Considerations
Effects on Premiums: The age of the roof can affect homeowners’ insurance premiums. Newer roofs are less likely to suffer damage and therefore might reduce insurance costs.
Coverage: Insurance companies may be reluctant to fully cover older roofs, especially those nearing the end of their expected lifespan.
Importance of a Home Inspection
Professional Assessment: A thorough home inspection, especially of the roof, can identify issues that might not be visible to the untrained eye. Inspectors can spot signs of wear, potential leaks, and structural problems.
Informed Decision: An inspection report provides detailed information about the roof’s condition, helping buyers make informed decisions and negotiate repairs or replacements with the seller.
Planning Your Future: Knowing the current state of the roof through a professional inspection allows for better financial planning and budgeting for any future repairs or replacements.
Future Planning
Budgeting: Understanding the age and expected lifespan of the roof allows for better financial planning. You can budget for future replacements or major repairs accordingly.
Peace of Mind: Knowing that the roof is relatively new provides peace of mind that you won’t face major roofing issues in the near future.
The age and condition of the roof are critical factors in the overall value and safety of a home. When buying a home, always inquire about the age of the roof and consider having a professional 4-point inspection to assess its condition. This due diligence can save you money and prevent unexpected surprises down the line.
By prioritizing the age and inspection of the roof in your home buying decision, you ensure a safer, more efficient, and financially sound investment. Trust Navarre Real Estate Source to guide you from your initial home search to the closing table, ensuring you make the best possible investment.
How to Get Preapproved for a Mortgage Loan: The Do’s and Don’ts
Securing a mortgage loan preapproval is a pivotal step in the home buying process.
It not only gives you a clear understanding of your budget but also makes you an attractive buyer to sellers. In this comprehensive guide, we’ll walk you through the process of getting preapproved for a mortgage loan, highlight key dos and don’ts, and introduce you to local lenders in Navarre. Plus, we’ll show you how Navarre Real Estate Source’s team of agents can assist you in finding the perfect home in Navarre.
What is Mortgage Loan Preapproval?
Mortgage loan preapproval is an assessment by a lender that determines how much you are qualified to borrow before you even start house hunting. This involves a thorough evaluation of your financial status, including your credit score, income, assets, and debts.
Importance of Mortgage Loan Preapproval
Getting preapproved for a mortgage loan offers several benefits:
- Budget Clarity: Knowing your borrowing limit helps narrow down your home search.
- Stronger Offers: Sellers are more likely to consider offers from preapproved buyers.
- Faster Closing: With preapproval, the loan process can move more quickly once you find a home.
The Dos and Don’ts of Getting Preapproved for a Mortgage Loan
-
The Dos
- Do Check Your Credit Score: Before applying for preapproval, obtain your credit report and score. A higher credit score can lead to better loan terms.
- Do Gather Financial Documents: Prepare essential documents such as tax returns, pay stubs, bank statements, and proof of assets. Lenders will require these to verify your financial stability.
- Do Compare Lenders: Different lenders offer varying interest rates and terms. Shop around to find the best deal.
- Do Get Preapproved Early: Getting preapproved before you start house hunting gives you a clear idea of your budget and strengthens your offer.
-
The Don’ts
- Don’t Make Major Financial Changes: Avoid significant financial changes such as job switches or large purchases, as they can impact your creditworthiness.
- Don’t Apply for New Credit: Refrain from opening new credit accounts during the preapproval process to avoid negatively affecting your credit score.
- Don’t Hide Financial Information: Be transparent about your financial situation. Lying or hiding information can lead to denial of your loan.
Why Work with Navarre Real Estate Source’s Team?
After securing preapproval, the next step is finding your dream home. Navarre Real Estate Source’s team of experienced agents can help you navigate the local market. Their deep knowledge of the Navarre area ensures you’ll find a home that meets your needs and budget.
Frequently Asked Questions
- What is the difference between prequalification and preapproval? Prequalification gives you an estimate of how much you can borrow, while preapproval involves a more thorough evaluation of your finances and provides a conditional commitment from the lender.
- How long does the preapproval process take? The preapproval process typically takes a few days to a week, depending on how quickly you can provide the necessary documents.
- How long is a mortgage preapproval valid? A mortgage preapproval is usually valid for 60 to 90 days. After that, you may need to update your financial information with the lender.
- Can I get preapproved with bad credit? Yes, you can still get preapproved with bad credit, but your loan options may be limited, and you may face higher interest rates.
- What happens if my financial situation changes after preapproval? If your financial situation changes, such as a job loss or a significant new debt, inform your lender immediately, as it could impact your preapproval status.
- How can Navarre Real Estate Source help after I get preapproved? Navarre Real Estate Source’s team can assist you in finding the perfect home in Navarre, leveraging their local expertise and market knowledge to ensure a smooth home buying process.
Local Lenders in Navarre, Florida
When seeking preapproval, consider working with local lenders who understand the Navarre market:
Getting preapproved for a mortgage loan is a vital step in the home buying journey. By following the dos and don’ts outlined in our guide and working with local lenders in Navarre, you can streamline the process and position yourself as a strong buyer. Once preapproved, Navarre Real Estate Source’s team of agents can help you find the perfect home in this beautiful coastal community!