My husband and I have been PCB real estate along the Emerald Coast for six years now, and we have helped many vacation property investors purchase their vacation beach home.
Our philosophy is simple: As Panama City Beach real estate agents, it is our job to be that trusted advisor and help with the process and purchase of the right home.
In many of our conversations with our real estate clients, the question has come up: do we own a vacation investment home in Panama City Beach… and well, the answer has been no.
My husband was always willing to go down that path, but I wasn’t quite ready for it. Well…with the words of Zac Brown’s Castaway song in my head, “Pour me another one, make it a strong one, we’re gonna have some fun tonight,” the discussion ensued about taking the plunge into the Panama City Beach vacation rental market.
Just kidding… there was no rum or any alcohol involved in the decision. The serious conversation began a month or so ago, walking my corgis. I really can’t explain why I turned the corner in my mind and decided it was time for us to invest in the Panama City Beach vacation rental market, but turn the corner I did! And decided we should go for it! (I think you could have knocked my husband over with a feather when I told him I was on board!!)
Now, what you may or may not know, is that right now, Panama City Beach Real Estate is hot…hot…hot…(leaving another little tune in your head, shout out to Arrow)!
We have LOW inventory and a HIGH demand when it comes to Panama City Beach real estate for sale.
Even knowing the market as well as we do – and knowing we needed to execute quickly on PCB beach property – we had some disappointments trying to close on our first vacation investment home. Lesson learned… in the current real estate market, you do not want to wait! If you have decided to invest in real estate in PCB, you better pull up your anchor and head out in the water, or you are going to miss out!
As PCB real estate agents and knowing the market, we had an idea of some of the places that would suit our needs.
Finally, on our third try, we found and closed on our diamond in the rough…and I mean a diamond in the rough. So, not only are we taking on the vacation investment market, but we are taking on a little fixer-upper action as well. You see, the PCB condo for sale that we purchased was technically rental ready. We could have put it on the vacation rental market after we closed on the property.
However, in our experience, we know that the more updated the PCB vacation rental property is, the better your investment return will be. So we decided to take on a renovation…and with any renovation, there is always a budget… I mean, blown budget (wink, wink).
So here we are, we just closed on our condo, and it’s time for the renovations to begin. And this is where the, “I got a guy…” list comes in handy. Again, working with so many investors in the past and helping counsel through design and renovation, we have our list of go-to professionals… a must-have list for real estate agents. We never recommend someone unless we have used them or are willing to use them. As the condo renovation gets underway, I will keep you updated on our beach paradise adventures… the good… the bad… and the ugly. But, oh wait! There is no ugly on the sugar-white sandy beaches and the emerald waters!
As you follow our adventure, if you are interested to learn more about purchasing your Panama City Beach home or purchasing a PCB vacation investment property, reach out to Life’s A Beach Real Estate.
We have a team of real estate professionals who can walk you through your transaction, whether it is your first home or vacation home.