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Discounts on Certain Stacks- Shores of Panama

Are you ready to make your dream of beachfront living a reality? Look no further than Shores of Panama, the ultimate destination for those seeking a luxurious and immersive resort experience.

With 52 condo units available for sale, there’s something for everyone at the Shores of Panama. And now, for a limited time, there are exclusive discounts available on certain stacks, making this the perfect opportunity for individual buyers and investors alike to invest in their very own beachfront oasis.

Each condo is designed with the finest attention to detail, offering unparalleled comfort and style. Whether you’re looking for a cozy one-bedroom unit or a spacious three-bedroom suite, Shores of Panama has the perfect option for you.

But it’s not just about the condos – Shores of Panama offers a truly immersive resort experience. Lounge by the pool, enjoy a cocktail at the beachfront bar, or take a stroll along the pristine shoreline. This is the ultimate in Florida living.

And when it comes to making your dream a reality, Woody Junot from Life’s A Beach Real Estate is ready to help. As the Broker/Owner of Life’s A Beach Real Estate, Woody has the experience and expertise needed to guide you through the buying process and ensure you find the perfect unit for your needs.

Don’t miss out on this exclusive opportunity to invest in your very own piece of paradise. Contact Woody Junot today to learn more about the available units and the exclusive discounts on offer at Shores of Panama.

Contact us using the form below:







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    Why Should You List Your Home or Condo with Life’s A Beach Real Estate?

    Life’s A Beach Real Estate is a leading real estate firm based in Panama City Beach, Florida. With three resort building offices and a team of expert real estate agents, we have established ourselves as the Panama City Beach real estate experts. Whether you are looking to sell your home, buy a new one, or invest in property, Life’s A Beach Real Estate is here to help.


    But it’s not just the market knowledge that sets Life’s A Beach Real Estate apart. We also understand the importance of showcasing your property in the best light possible, which is why we utilize a variety of digital marketing tools, including professional photography and virtual tours. This means that your property will receive maximum exposure to potential buyers, increasing the chances of a quick sale.

    At Life’s A Beach Real Estate, we believe that selling a home should be a positive and stress-free experience, which is why we place such a strong emphasis on customer service. Our agents will work closely with you every step of the way, from the initial listing to the closing of the sale, to ensure that you are comfortable and satisfied with the process. We understand that this is a big decision, and we want to make sure that you feel confident and informed every step of the way.

    We have a proven track record of success. We have sold countless homes and condos in Panama City Beach, and our clients have consistently been impressed with the results. Whether you’re looking to sell quickly or maximize the value of your property, Life’s A Beach Real Estate is the right choice for you.

    So, what are you waiting for? List your Panama City Beach home with Life’s A Beach Real Estate today and experience the best in real estate services. From our market knowledge and digital marketing expertise to our focus on customer service and proven track record of success, Life’s A Beach Real Estate has everything you need to turn your real estate dreams into a reality.







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      Why should you sell your CONDO Now?

      Selling your condo can be a big decision, but there are several reasons why now may be the perfect time to put your property on the market.

      First, the real estate market is currently strong. Housing prices have been on the rise for several years, and many experts predict that this trend will continue. This means that if you sell your condo now, you may be able to get a higher price for it than you would have a few years ago. Additionally, low-interest rates are making it a great time for buyers to purchase property, which can also drive up demand and increase your chances of a successful sale.

      Another reason to consider selling your condo now is that it can be a great opportunity to downsize or upgrade. Perhaps you’ve outgrown your current space, or you’re looking for a change of scenery. Selling your condo now can give you the opportunity to find a new home that better suits your current needs and lifestyle.

      Furthermore, if you have not updated your condo in some time, it may not be competitive with other condos on the market. Renovations and upgrades can be costly and time-consuming, and it may be more cost-effective to sell your condo now and find a newer property that meets your needs.







        Additionally, if you are considering renting out your condo, now may be a good time to sell due to the increased demand for rental properties. You may be able to get a good price for your property, and in turn, invest the money in a rental property that will generate a steady stream of income for you.

        Want to know How Much Your CONDO is worth?

        In conclusion, the current market conditions make it a great time to consider selling your condo. Whether you’re looking to downsize, upgrade, or simply take advantage of the current market conditions, now may be the perfect time to put your property on the market. It’s always a good idea to consult with a real estate agent to get a professional opinion on the current market conditions in your area and to get an idea of how much your condo might be worth.

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        What’s Your CONDO WORTH in PCB?

        Knowing the current value of your condo is important for a number of reasons.


        First and foremost, it can affect your financial decisions. If you are considering selling your condo, understanding its current market value can give you a better idea of how much to list it for, as well as what kind of offers to expect. Similarly, if you are thinking about taking out a home equity loan or refinancing your mortgage, the value of your condo will play a major role in determining how much money you can borrow.

        Additionally, knowing the value of your condo can also impact your insurance coverage. If your condo is underinsured, you may not be fully protected in the event of a disaster or other unexpected event. By understanding the current value of your condo, you can ensure that your insurance coverage is adequate.

        Furthermore, Knowing your condo’s value can also be useful in terms of budgeting and planning for future expenses. If you know that your condo is increasing in value, you can plan for things like home renovations or upgrades. Conversely, if you know that your condo’s value is declining, you may want to hold off on making any major investments in your property.

        Ultimately, understanding the current value of your condo is essential for making informed decisions about your finances, insurance coverage, and future planning. Whether you are thinking about selling your condo, taking out a loan, or just want to know what your property is worth, it’s important to have a clear understanding of its current market value.

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        Where Are Mortgage Rates Headed? – Emerald Coast Real Estate

        Interest Rates

        Buyer’s Purchasing Power?

        A common question that our agents face every day is, are mortgage rates going up?  It is an important question to ask, as the higher the mortgage rate the lower the loan amount you can afford.  Panama City Beach and along the Emerald Coast is still a scorching housing market, and prices continue to rise.  As mortgage rates start to creep up along with rising home prices, the less purchase power a home buyer will have.  What does that mean?  If you are waiting for the time to be suitable to purchase…that time is now!

        If you are thinking about buying or selling, it is essential to understand the current real estate market.  A trusted, experienced real estate agent is invaluable in helping you know Panama City Beach and the Emerald Coast real estate market.

          Life’s A Beach Real Estate can help you stay up on the current industry topics and trends.  And help with questions, concerns, and much much more.

        The Top Indicator if You Want To Know Where Mortgage Rates Are Heading

        Mortgage rates have increased significantly since the beginning of the year. Each Thursday, Freddie Mac releases its Primary Mortgage Market Survey. According to the latest survey, the average 30-year fixed-rate mortgage has risen from 3.22% at the start of the year to 3.55% as of last week. This is important to note because any increase in mortgage rates changes what a purchaser can afford. To give you an idea of how rising mortgage rates impact your purchasing power, see the table below:

        The Top Indicator if You Want To Know Where Mortgage Rates Are Heading | MyKCM

        How Can You Know Where Mortgage Rates Are Headed?

        While it’s always difficult to know exactly where mortgage rates will go, a great indicator of where they may head is by looking at the 50-year history of the 10-year treasury yield, and then following its path. Understanding the mechanics of the treasury yield isn’t as important as knowing that there’s a correlation between how it moves and how mortgage rates follow. Here’s a graph showing that relationship over the last 50 years:

        The Top Indicator if You Want To Know Where Mortgage Rates Are Heading | MyKCM

        This correlation has continued into the new year. The treasury yield has started to climb, and that’s driven rates up. As of last Thursday, the treasury yield was 1.81%. That’s 1.74% below the mortgage rate reported the same day (3.55%) and is very close to the average spread we see between the two numbers (average spread is 1.7).

        Where Will the Treasury Yield Head in the Future?

        With this information in mind, a 10-year treasury-yield forecast would be a good indicator of where mortgage rates may be headed. The Wall Street Journal just surveyed a panel of over 75 academic, business, and financial economists asking them to forecast the treasury yield over the next few years. The consensus was that experts project the treasury yield will climb to 2.84% by the end of 2024. Based on the 50-year history of following this yield, that would likely put mortgage rates at about 4.5% in three years.

        While the correlation between the 30-year fixed mortgage rate and the 10-year treasury yield is clear in the data shown above for the past 50 years, it shouldn’t be used as an exact indicator. They’re both hard to forecast, especially in this unprecedented economic time driven by a global pandemic. Yet understanding the relationship can help you get an idea of where rates may be going. It appears, based on the information we have now, that mortgage rates will continue to rise over the next few years. If that’s the case, your best bet may be to purchase a home sooner rather than later, if you’re able.

        Bottom Line

        Forecasting mortgage rates is very difficult. As Mark Fleming, Chief Economist at First American, once said:

        “You know, the fallacy of economic forecasting is don’t ever try and forecast interest rates and or, more specifically, if you’re a real estate economist mortgage rates, because you will always invariably be wrong.”

        However, if you’re either a first-time homebuyer or a current homeowner thinking of moving into a home that better fits your changing needs, understanding what’s happening with the 10-year treasury yield and mortgage rates can help you make an informed decision on the timing of your purchase.

        To learn more, reach out to our team.  With multiple office locations, Life’s A Beach Real Estate office is located in the Grand Panama Beach Resort and Origin At Seahaven.  And Life’s A Beach Luxury Real Estate is located in Destin.  We are here to answer your questions and help you find your piece of paradise.

         

         

         

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        Pets & Home Buying – Emerald Coast Real Estate

        Pets & Homebuying

        A Happy Tail!

          If you have a pet, I am sure you are considering your pet & homebuying and what to expect.  Our pets are a big part of our life!  Many of us plan our lives around our pets.  Therefore, their role in the home buying process is essential!

        If you are thinking about buying or selling, it is essential to understand the current real estate market.  A trusted, experienced real estate agent is invaluable in helping you know Panama City Beach and the Emerald Coast real estate market.

          Life’s A Beach Real Estate can help you stay up on the current industry topics and trends.  And help with questions, concerns, and much much more.

        Pets & Home Buying – A Happy Tail

        A Happy Tail: Pets and the Homebuying Process [INFOGRAPHIC] | MyKCM

        Some Highlights

        • It’s no secret that we love our furry friends – about 70% of U.S. households have pets. What may come as a surprise is how large a role they play in the homebuying process.
        • Americans spend $1,163 a year on their pets, and nearly half of pet owners say they would move for better accommodations and amenities for their pets.
        • If you’re thinking of adding a furry friend, or if you already have, let’s connect to discuss how you can find a home that meets all your pet’s needs.  And what you can expect with pets & home buying.

        To learn more, reach out to our team.  With two office locations, Life’s A Beach Real Estate is located in Panama City Beach.  And Life’s A Beach Luxury Real Estate is located in Destin.  We are here to answer your questions and help you find your piece of paradise.

         

         

         

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        Conforming Loan? Non-Conforming Loan? – Emerald Coast Real Estate

        Conforming Loan

        Conforming Loan or Non-Conforming Loan?

          Why it just became much easier to buy a beach home in Panama City Beach or along the Emerald Coast.  The FHFA is raising its loan limit on conforming loans for prospective purchasers in 2022.  In this blog post, we discuss the difference between a conforming loan and a non-conforming loan and why this is good news for homebuyers!

        If you are thinking about buying or selling, it is essential to understand the current real estate market.  A trusted, experienced real estate agent is invaluable in helping you know Panama City Beach and the Emerald Coast real estate market.

          Life’s A Beach Real Estate can help you stay up on the current industry topics and trends.  And help with questions, concerns, and much much more.

        Why It Just Became Much Easier To Buy a Home

        Why It Just Became Much Easier To Buy a Home | MyKCM

        Since the pandemic began, Americans have reevaluated the meaning of the word home. That’s led some renters to realize the many benefits of homeownership, including the feelings of security and stability and the financial benefits that come with rising home equity. At the same time, many current homeowners have decided their house no longer meets their needs, so they moved into homes with more space inside and out, including a home office for remote work.

        However, not every purchaser has been able to fulfill their desire for a new home. Here are two obstacles some homebuyers are facing:

        • The ability to save for a down payment
        • The ability to qualify for a mortgage at the current lending standards

        This past week, both of those challenges have been mitigated to some degree for many purchasers. The FHFA (which handles mortgages by Freddie MacFannie Mae, and the Federal Housing Administration) is raising its loan limit for prospective purchasers in 2022. The term used to describe the maximum loan amount they will entertain is the Conforming Loan Limit.

        What Is the Difference Between a Conforming Loan and a Non-Conforming Loan?

        Investopedia explains the difference in a recent post:

        “Conforming loans are the only loans that meet the requirements to be acquired by Fannie Mae and Freddie Mac. Jumbo loans, which exceed the conforming limit, are the most common type of nonconforming loan.”

        What Difference Does It Make to Me as a Home Buyer?

        Forbes article earlier this year explains the benefits of a conforming loan and why they exist:

        “Since lenders can’t sell non-conforming loans to Fannie Mae or Freddie Mac to free up their cash, they’re a bit riskier for the lender. This is especially true for jumbo loans, which aren’t backed by any government guarantees. If you default on a jumbo loan, it’s a huge blow to the lender.

        Thus, lenders generally charge higher interest rates to compensate, and they can have even more requirements. For example, lenders who give out jumbo loans often require that you make a down payment of at least 20% and show that you have at least six months’ worth of cash in reserve, if not more.”

        What Happened Last Week?

        The FHFA has significantly increased its Conforming Loan Limits for 2022. Sandra L. Thompson, FHFA Acting Director, explains in the press release that:

        “Compared to previous years, the 2022 Conforming Loan Limits represent a significant increase due to the historic house price appreciation over the last year. While 95 percent of U.S. countie​s will be subject to the new baseline limit of $647,200, approximately 100 counties will have conforming loan limits approaching $1 million.”

        This means that more homes now qualify for a conforming loan with lower down payment requirements and easier lending standards – the two challenges holding many buyers back over the last year.

        The Federal Housing Administration (FHA) also increased its Conforming Loan Limits for 2022. That could also mean an easier path to homeownership for many prospective buyers. As the Forbes article explains:

        “FHA loans can be very beneficial if you don’t have as much savings, or if your credit score could use some work.”

        Bottom Line

        Buying your first or your next home may have just gotten much easier (less stringent qualifying standards) and less expensive (possibly lower mortgage rate). Let’s connect to discuss how these changes may impact you.

        Resources:
        1. To get more information on the new FHFA Conforming Loan Limits, click here.
        2. To get more information on the new FHA Conforming Loan Limits, click here.

        To learn more, reach out to our team.  With two office locations, Life’s A Beach Real Estate is located in Panama City Beach.  And Life’s A Beach Luxury Real Estate is located in Destin.  We are here to answer your questions and help you find your piece of paradise.

         

         

         

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        Don’t Wait for a Lower Mortgage Rate – Emerald Coast Real Estate

        Lower Mortgage Rate

        Don’t Wait for a Lower Morgage Rate – It Could Cost You.

          Where are the mortgage rates headed?  Well, I do not have a crystal ball; however, the rates seem to be slowly ticking back up. So what does that mean for buyers in Panama City Beach or along the Emerald Coast?  Please don’t wait, or it could cost you!

        If you are thinking about buying or selling, it is essential to understand the current real estate market.  A trusted, experienced real estate agent is invaluable in helping you know Panama City Beach and the Emerald Coast real estate market.

          Life’s A Beach Real Estate can help you stay up on the current industry topics and trends.  And help with questions, concerns, and much much more.

        Don’t Wait for a Lower Mortgage Rate – It Could Cost You

        Don’t Wait for a Lower Mortgage Rate – It Could Cost You | MyKCM

        Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the buyers who worry they’ve missed out, rest assured today’s mortgage rates are still worth taking advantage of.

        Even today, our mortgage rates are below what they’ve been in recent decades. So, while you may not be able to lock in the rate your friend got recently, you’re still in a great position to secure a rate well below what your parents and even grandparents got in years past. The key will be acting sooner rather than later.

        In late September, mortgage rates ticked above 3% for the first time in months. And according to experts throughout the industry, mortgage rates are projected to continue rising in the months ahead. Here’s where experts say rates are headed:Don’t Wait for a Lower Mortgage Rate – It Could Cost You | MyKCMWhile a projected half percentage point increase may not seem substantial, it does have an impact when you’re buying a home. When rates rise even slightly, it affects how much you’ll pay month-to-month on your home loan. The chart below shows how it works:Don’t Wait for a Lower Mortgage Rate – It Could Cost You | MyKCMIn this example, if rates rise to 3.55%, you’ll pay an extra $100 each month on your monthly mortgage payment if you purchase a home around this time next year. That extra money can really add up over the life of a 15 or 30-year loan.

        Clearly, today’s mortgage rates are worth taking advantage of before they climb further. The rates we’re seeing right now give you a unique opportunity to afford more home for your money while keeping your monthly payment down.

        Bottom Line

        Waiting for a lower mortgage rate could cost you. Experts project rates will continue to rise in the months ahead. Let’s connect so you can seize this opportunity before they increase further.

        Bottom Line

        The truth is, high demand and low supply are what’s driving up home prices in today’s housing market. And while prices may increase at a slower pace in the coming months, experts still expect them to rise. If you’re a potential homebuyer, let’s connect today to discuss what that could mean for you if you wait even longer to buy.

        To learn more, reach out to our team.  With two office locations, Life’s A Beach Real Estate is located in Panama City Beach.  And Life’s A Beach Luxury Real Estate is located in Destin.  We are here to answer your questions and help you find your piece of paradise.

         

         

         

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        Supply & Demand, Today’s Housing Market – Emerald Coast Real Estate

        Supply & Demand

        What Do Supply and Demand Tell Us About Today’s Housing Market?

        If you were a buyer in search of your forever home or vacation home in Panama City Beach or along the Emerald Coast this summer, then you know that our supply was at an all-time low!  Frustrated real estate buyers struggling to outbid competing bids.  Happy real estate sellers, profiting from appreciation due to the rising prices.  Now that we are few weeks into fall, the supply has increased, but the demand is still out there.  What does this mean for our market?  Well, buyers are not getting shut out in bidding wars as quickly.  However, sellers are still in the driver’s seat of the market.  Prices are stabilizing to an extent, but seem to still be on the rise slowly.  

        If you are thinking about selling, it is important to understand the current real estate market.  A trusted, experienced real estate agent is invaluable in helping you understand Panama City Beach and the Emerald Coast real estate market.

          Life’s A Beach Real Estate can help you stay up on the current industry topics and trends.  And help with questions, concerns, and much much more.

        What Do Supply and Demand Tell Us About Today’s Housing Market?

        What Do Supply and Demand Tell Us About Today’s Housing Market? | MyKCM

        There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is very low, prices can rise significantly.

        Understanding the impact both supply and demand have can provide the answers to a few popular questions about today’s housing market:

        • Why are prices rising?
        • Where are prices headed?
        • What does this mean for homebuyers?

        Why Are Prices Rising?

        According to the latest Home Price Insights report from CoreLogic, home prices have risen 18.1% since this time last year. But what’s driving the increase?

        Recent buyer and seller activity data from the National Association of Realtors (NAR) helps answer that question. When we take NAR’s buyer activity data and compare it to the seller traffic during the same timeframe, we can see buyer demand continues to outpace seller activity by a wide margin. In other words, the demand for homes is significantly greater than the current supply that’s available to buy (see maps below):What Do Supply and Demand Tell Us About Today’s Housing Market? | MyKCM This combination of low supply and high demand is what’s driving home prices up. Bill McBride, the author of the Calculated Risk blog, puts it best, saying:

        “By some measures, house prices seem high, but the recent price increases make sense from a supply and demand perspective.

        Where Are Prices Headed?

        The supply of homes for sale will greatly affect where prices head over the coming months. Many experts forecast prices will continue to increase, but they’ll likely appreciate at a slower rate.

        Buyers hoping to purchase the home of their dreams may see this as welcome news. In this case, perspective is important: a slight moderation of home prices does not mean prices will depreciate or fall. Price increases may occur at a slower pace, but experts still expect them to rise.

        Five major entities that closely follow the real estate market forecast home prices will continue appreciating through 2022 (see graph below):What Do Supply and Demand Tell Us About Today’s Housing Market? | MyKCM

        What Does This Mean for Homebuyers?

        If you’re waiting to enter the market because you’re expecting prices to drop, you may end up paying more in the long run. Even if price increases occur at a slower rate next year, prices are still projected to rise. That means the home of your dreams will likely cost even more in 2022.

        Bottom Line

        The truth is, high demand and low supply are what’s driving up home prices in today’s housing market. And while prices may increase at a slower pace in the coming months, experts still expect them to rise. If you’re a potential homebuyer, let’s connect today to discuss what that could mean for you if you wait even longer to buy.

        To learn more, reach out to our team.  With two office locations, Life’s A Beach Real Estate is located in Panama City Beach.  And Life’s A Beach Luxury Real Estate is located in Destin.  We are here to answer your questions and help you find your piece of paradise.

         

         

         

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        What To Do With Your Vacation Home As Summer Ends – Emerald Coast Real Estate

        Vacation Home in Panama City Beach or along the Emerald Coast?

        You have been the happy owner of a vacation home in Panama City Beach or along the Emerald Coast.  Summer is ending, and you have been evaluating whether or not you want to continue with the time and expense involved in the upkeep of a beach vacation home.  Well, if you are considering selling, now is a good time!  Prices are up, inventory is down, and buyers are still very active.  We are coming out to the other side of the feeding frenzy real estate market we had over the summer.  However, the buyers are plentiful for a variety of reasons.

        If you are thinking about selling, it is important to understand the current real estate market.  A trusted, experienced real estate agent is invaluable in helping you understand Panama City Beach and the Emerald Coast real estate market.

          Life’s A Beach Real Estate can help you stay up on the current industry topics and trends.  And help with questions, concerns, and much much more.

        What To Do with Your Vacation Home as Summer Ends

        What To Do with Your Vacation Home as Summer Ends | MyKCM

        As summer comes to a close, is it time to think about selling your vacation home? Based on recent data and expert opinions, it’s something you may want to consider. According to research from the National Association of Realtors (NAR), vacation home sales are up 57.2% year-over-year for January-April 2021.

        If you’ve taken your last vacation in Panama City Beach, and along the Emerald Coast this summer, here are reasons you should consider selling your vacation home this year.

        1. Remote work continues to drive demand for vacation homes.

        As the report from NAR says, based on continuously evolving work needs, there could be more interest in your second home than you think:

        “In 2020, across all nine divisions, the fraction of the workforce that work from home is typically higher in the vacation home counties than in the non-vacation home counties… The opportunity to work from home could further raise the demand for vacation homes in future years.

        Recent data shows we’ll likely see a sustained increase in the rate of remote work over the next five years. That means your vacation home could be highly sought after by certain buyers. Lawrence Yun, Chief Economist at NAR, puts it best, saying:

        Vacation homes are a hot commodity at the moment . . . . With many businesses and employers still extending an option to work remotely to workers, vacation housing and second homes will remain a popular choice among buyers.”

        2. Selling could allow you to upgrade your vacation spot – or even your day-to-day scenery.

        When demand is high, so is buyer competition. When competition is strong, buyers will do everything they can to make their offer on your vacation home as appealing as possible. This can include things like all-cash offers and more. If you sell now, you’ll be able to benefit from high buyer competition and pick the offer with the best possible terms for you. That offer could give you the opportunity to purchase the primary residence of your dreams.

        Or, if you find that you’ll continue working from home, you could consider taking up more permanent residence in your vacation home and selling your primary residence instead. While this isn’t a choice everyone can consider, it could be a great option.

        No matter what the situation, you don’t have to make the decision on your own. Your trusted real estate advisor can help you determine your best option when you’re ready to sell.

        Bottom Line

        Buyers remain interested in vacation homes this year for a number of reasons. Now that summer is winding down, it’s time to think about taking advantage of today’s demand for vacation homes. Let’s connect today if you’re ready to give your second home its day in the sun.

        To learn more, reach out to our team.  With two office locations, Life’s A Beach Real Estate is located in Panama City Beach.  And Life’s A Beach Luxury Real Estate is located in Destin.  We are here to answer your questions and help you find your piece of paradise.