
Before you spend endless hours searching for a Panama City Beach condos online, contact a knowledgeable real estate agent to find out which properties are eligible for what financing. A large number of condos in Panama City Beach are considered condotels. They do not qualify for conventional financing so the interest rate will be 1% higher on average. There are also five beachfront condo projects that have been added to the lender blacklist for various reasons. Tidewater, Shores of Panama, Emerald Beach Resort, Laketown Warf, and Oceania.
Buying a beachfront condo is not your typical real estate transaction. The things you don’t know could cost you thousands of dollars. Working with a condo specialist does not cost you any more money and could save you thousands of dollars. Call Chad Miller at Miller & Associates Realty in Panama City Beach and eliminate the headache before it happens.
850-249-6655
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