Think Real Estate

Real Estate Financing

Are you thinking about buying real estate in the Panama City Beach area but are not sure how to finance the project?

Think Real Estate has the answers you need to understand real estate financing and purchasing property in North Florida. Think Real Estate was started to be the light for first time buyers and seasoned experts alike. We are business owners and parents. We are active in the buying and selling of homes, condos, and general property. We do this daily for our clients and we are house flippers, too. When you think real estate, Think Real Estate. Our realtors have a vast amount of experience and expertise, so contact us today and we will help find the right solutions to your real estate dreams!

Local Real Estate Expert

Broker, B. Cody Shields
B. Cody Shields

Think Real Estate

B.Cody Shields is the broker/owner of Think Real Estate and a local expert on buying & selling properties of all types in Bay County, Florida.

The Think Team

Think Real Estate Logo, Panama City, Florida

Are you ready to buy, sell, or invest in Bay County, Florida?
Call Think Real Estate and talk with our dedicated real estate team.

850-270-4200
Think Real Estate

Buy Land and Build A Home or Buy An Existing Home in Bay County

Your future home awaits and we are here to help.

Are you in the process of locating your next dream home? If you are, you may be considering the differences between buying land and building new versus buying an existing home. Both of these options can be great, but each has a different journey to completion.

Fortunately, the real estate market in Bay County, Florida is still activity pushing along. And while there is not as much inventory, compared to 2020, there are still land & homes for sale across our wonderful community.

You can buy a neighborhood lot in a beachy or in-town community, or possibly find acres of land in the northern part of Bay County to start your own farm. Lynn Haven has become a very popular community to call home and the Cove has long been a wonderful community for those seeking to be near downtown Panama City. Lots and lots of choices to create a future that is uniquely you.

It is far more complex to buy land and build a home than it is to buy a home that is already built and move-in ready. Someone has to be available to make the continuous decisions that go along with such a project. And it is often times more expensive, too. Land costs, architectural design, permits, foundation work, framing, site work, exterior finishes, interior finishes, mechanical rough-ins— the details can add up rather quick. When building a custom home, $350,000 doesn’t build a palace in Bay County in 2020. Here is an example of what a $350,000 build budget would look like:

  • Architectural Design: $17,430.00
  • Site work. Design, Permit fees, inspections, etc.: $7,810.00
  • Foundations. Excavation, concrete and retaining walls: $38,685.00
  • Framing. Sheathing, trusses, etc.: $44,930.00
  • Exterior finishes. Roofing, windows, and doors, etc.: $75,245.00
  • Interior finishes. Drywall, flooring, insulation, paint, lights, appliances, etc.: $77,840.00
  • Major systems rough-ins. Electrical, HVAC and plumbing: $35,445.00
  • Hardscapes and softscapes. Driveway, fencing, landscaping, shed, etc.: $49,490.00

In contrast, the same budget of $350,000 can buy an existing home or condo, land included, that is move-in ready and waiting to welcome you home. And with the inventory in the Bay County Real Estate MLS, you can likely find your new home or investment project without too much effort.

Whichever your choice may be, Think Real Estate has two convenient offices in Bay County, Florida to serve your real estate needs. Our beach office is on Middle Beach Road, just east of Shipwreck Island Water Park, and our in-town office is on Martin Luther King Jr. Blvd., about one mile north of the mall. Both of our real estate offices offer the same high-quality service and personable, professional, dedicated Realtors. Contact us today to get started.

Think Social

Buyng a Home in Lynn Haven
Think Real Estate Logo, Panama City, Florida

Are you looking for investment property or your next flip in Bay County, Florida?
Call Think Real Estate and talk with our dedicated real estate team.

850-270-4200