Should We Sell or Buy in Destin? - A Realtor's Story - Part 2

Real Estate Broker/Owner with Rulnick Realty, Inc.
Selling or Buying First
Second in a Five Part Series.
Having made the decision to leave our Destin Florida home, I had another decision to make with my husband. "Should we list and sell our Destin home before buying or building another one, or should we find something we really wanted first, then sell?" First, of course, we had to get “qualified” for a new mortgage, either way. Would it even be possible for us to get another loan without selling?
Knowing the amount of paperwork we would face to apply for a mortgage, I took the first step. I contacted a handful of mortgage lenders. The difference in style and knowledge was apparent. We ended up working with Joe Pelter of First Federal Bank of Florida. The instant I spoke with him on the phone, I knew he was the master. After about a 40 minute detailed conversation, he told me we could go ahead and buy or build without selling our home first. This would have to be verified by the full mortgage application process, but he was confident, and we were confident in Joe. Since First Federal Bank did not do lot loans, we also got pre-qualified for one with People's National Bank of Niceville, in case we went the building route with a construction perm loan.  (They are one of the few lenders who currently do lot loans on the Emerald Coast).
Armed with the knowledge we could buy without selling, I made a chart comparing the positives and negatives of buying a house, or buying a lot and building, either with selling first or later. The key criteria for me was “stress” (that came later anyway). I thought it would be less stressful buying first, then selling. That’s what we did! Part Three will be about “The Search”.  The fun part!
It’s Wendy!

Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204
Email Wendy:

Destin Florida listing agent


Wendy Rulnick, Destin listing Broker, has featured in “Kiplinger Personal Finance Magazine” and “Florida Realtor Magazine”. She has successfully helped hundreds of families avoid foreclosure through short sale along the Emerald Coast of Florida. 

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"It's Wendy... It's Sold!"

Wendy Rulnick, Broker/Owner Rulnick Realty, Inc.

Call Wendy Rulnick 1-850-650-7883 ext 204

email property searches and community info


Wendy Rulnick is the marketing choice for sellers on the Emerald Coast who want to list and get their homes and condos sold in Destin, Sandestin, Bluewater Bay, Santa Rosa Beach, 30-A, Watercolor, Seaside, Rosemary Beach, Seacrest Beach, Kelly Plantation, Regatta Bay, Destiny and more.

Rulnick Realty



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Linda K. Mayer
License # 01767321 - La Verne, CA

Goodness, this sounds like so very much stress fun!  We recently went through something a bit like this.  Hope everything is turning out wonderful for you guys!

Jan 17, 2013 09:24 AM #1
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

The search is the fun part. Thanks for sharing your story.

Jan 17, 2013 10:31 AM #2
Wendy Rulnick
Rulnick Realty, Inc. - Destin, FL
"It's Wendy... It's Sold!"

Linda - Wait till  you read about me selling my own house. Every listing agent's nightmare - I was "that" seller!!!  :)

Melissa - The search was fun, and the selling, sort of. The buying, not so much!

Jan 17, 2013 09:32 PM #3
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