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We get asked this question quite a lot by both sellers and buyers…the following is a good explanation.
Confusing prequalification with preapproval can mean disappointment for both a home seller and a buyer. Real estate experts say it’s smart to urge buyers to become preapproved by their lender – not just prequalified.
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Mortgage-Loan, Preapproved or Prequalified: What’s the Difference?
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PANAMA CITY, Florida (July 10, 2007) — The Panama City – Bay County International Airport and Industrial District (Airport Authority) announced today it had named PCA Development, LLC, of Pittsburgh, PA, as the successful bidder for the sale of the existing 714-acre airport property in Panama City, Florida, at a purchase price of $99 million made up of $61 million in cash and an estimated $38 million in transfer fees to the Airport Authority from the future sale of property on the current site.
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Panama City-Bay County International Airport Successful Bidder
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This so-called slow market sure is keeping us busy! We are getting single family homes as well as condos under contract and closed. The only thing that isn’t very active for us is residential lots and vacant land sales.