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Home Buying in Gulf Breeze : Real Estate Advice

  • All89
  • Local Info9
  • Home Buying29
  • Home Selling3
  • Market Conditions5

Activity 35
Fri Jul 7, 2017
Scott Godzyk answered:
The only place it counts is the MLS of your area. There are so many sites where listings get placed and as you see, all do not update quickly, automatically or in a timely manner. Trulia will not update their listings, the listing agent has to do that manually or through auto update. ... more
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Wed Aug 24, 2016
Mvrrussell asked:
We are looking to move from a house to a condo in Navarre..

This question was asked from this property:
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Mon Aug 15, 2016
Kcf327 asked:
We have no mortgage on current home in North Texas which is a strong market.. no problem selling our home for a premium... Want financing for property that may come up prior to my retiring…
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Tue Dec 1, 2015
Diane Christner answered:
Flood zone designations A, AE or V are considered flood zones. A does not have a base flood elevation completed, AE has base flood elevation information available. V zones are coastal high velocity zones.

Base Flood Elevations (BFE) are the key to the new flood insurance rates. Homes built before your area's flood insurance maps were created (called PreFIRM) are the ones that have been receiving subsidized flood insurance rates for decades. Generally those would be homes built sometime in the mid 70's or earlier. Those are the ones most impacted by the revised flood insurance program.

Congress did pass legislation that would cap the annual rate increases to 15% per year for primary residence owners & 25% per year on non-primary residences, but insurance rates will keep increasing on an annual basis for those properties until the owners are paying non-subsidized rates. To cover the cost of the changes to the flood insurance program, all flood insurance policy holders will pay a $25/year surcharge on residential policies and $250/year surcharge on all non-primary residences and commercial properties.

So when looking at canal front lots, ask if the owner has a Base Flood Elevation (BFE) for the property, even if it is an older one. Then share that BFE with your insurance agent to get an idea as to what flood insurance rates will run you on the property. If you pay cash you are not required to carry flood insurance, but keep in mind if you decide to sell later on, all potential buyers that are doing financing will need to carry flood insurance for the life of the loan. So if the property comes with a hefty flood insurance rate, you could limit the number of potential buyers later on.

Another thing buyers don't always consider if the other aspect of buying in a flood zone -- remodeling. Basically the National Flood Insurance Program (NFIP) requires that if the cost of reconstruction, rehabilitation, addition or improvements to a building equals or exceeds 50% of the building's market value (building, not the lot and the building), then the building must meet the same construction and elevation requirements as a NEW building under FEMA guidelines.

The 50% rule can cause all sorts of issues for a home buyer in a flood zone if the property needs extensive renovation.

Remember, a home doesn't have to be located on a canal to be located within a designated flood zone, so be sure to find out the designated flood zone of any home you are thinking of purchasing.
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Sat Jan 17, 2015
burkhardhnagel answered:
We have a video filmed April 2014 and our property on Auburn Pkwy was not flooded. The water level came close to the letter box, and the entire property was safe and well.
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Mon Dec 8, 2014
Matt Rings answered:
This is based on closing dates. So if you want a 60 day closing, then get a contract on a home sixty days ahead of time. Plan to be in the area for your closing for a few days ahead of time, in case there are paperwork bugs you need to work out. You can stay at the Navy Lodge for those few days, or at a local hotel in Gulf Breeze.

If you work with USAA for your buyer's agent, you get a $1000 check to YOU at closing as a thank you. If you use another buyer's agent, you can ask them to match USAA, which we did once, and they agreed.

Good luck!
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Fri Aug 22, 2014
Suzanne MacDowell answered:
If you are getting the values from Trulia or some other website, the problem is that their estimates are wildly inaccurate. The reason is they cannot really take into account neighborhoods, amenities or the condition of the home. Condition of the home could be a large factor. Best thing to do is call a local realtor and ask them to do a Market Analysis on the two properties. ... more
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Sat Jul 5, 2014
Donna Mack answered:
What a great question and thank you for your families service.I would love to assist you. You may or may not have to wait. My advise would be let's connect you with a lender. Will you be using your VA ? Connecting you with a local lender would be a great start if I can assist you w/ that or anything else and you are not working w/anyone please feel free to contact me at 850-313-2061 or Best of luck in your "new" adventure. ... more
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Sun Jun 22, 2014
Jennifer Keenan answered:
I like that this area is very convenient to Winn Dixie grocery store and Bealls department store. Also near Tiger Point Country club. Gulf Breeze is a great area to live. You get what you pay for in our area. ... more
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Fri Feb 14, 2014
richard.mcleod33 answered:
Yes higher due to distance to water but is manage by roof up grades plus shutters the price you pay to live in the best place around. And yes you are required to have wind storrm coverage (if) you have a morg. ... more
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Fri Dec 13, 2013
David Hayhow answered:
Building costs would be about $125 -$150 per square foot. This does not include site preparation. Total cost depends on how far you go with upgrades.
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Tue Oct 15, 2013
William Scott Painter answered:
One week would be the maximum that I would recommend waiting. You want things to be fresh in the Builder's mind and don't want to risk the possibility of his crews moving onto the next one and getting delayed. ... more
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Wed Sep 11, 2013
Kconwell asked:
Looking for someone knowledgeable in a FHA Construction to Permanent loan in Gulf Breeze/Navarre area. What do I need to know?
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Mon Aug 12, 2013
Kenneth Zion answered:
I have a property on 1713 Lighthouse Pointe Dr. for sale if you're still looking. It is a 3 bed, 2 bath home that is 1918 sq ft. It has a 1/2 acre with 26000 gal pool and shed prepped for electrical. You can view the listing at Zillow since I can't see how to put the listing here at the moment. This is one of the larger properties on Lighthouse Pointe Dr. ... more
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Fri May 31, 2013
Doreen Gilbert answered:
I have .69 acres for sale in Gulf Breeze very near Tiger Pointe and WalMart, MLS # 430955.
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Sun May 26, 2013
Michael Moran answered:
No HOA dues on Soundside Dr. Only dues in Tiger Point area which range from approximately $100 to $170 a year. Give me a call and I will be glad to share the joys of living in Tiger Point with you. I have been here for 17 years and a Realtor for 14 so can answer all your questions. Thanks Mike Moran 850-221-8024 ... more
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