Relocation Moves
Buying a home can be a daunting task -- but, buying a home and relocating can be even more so! Learning about the process and finding resources can relieve a lot of your anxiety and worry. Below you will find information that can help you. Just click on a title for the article to open.
The mortgage glossary
The Glossary of Mortgage Terms:
https://www.mortgagecalculator.org/helpful-advice/glossary.php
https://www.mortgagecalculator.org/helpful-advice/glossary.php
tips for working with a long distance real estate agent
The moving season is upon us, which means that many homeowners may be looking at relocating. Whether you are planning a move across town or across the country, you may need to work with a real estate agent in an area that you may not be too familiar with. Certainly, it is important to find an agent that you can trust and who you know will be working with your best interests in mind.
But, if you haven’t moved yet, how can you forge a successful relationship with your real estate agent over a long distance? Just like any other long-distance relationship, there are a few things to keep in mind that will make help to make it work for both parties.
First and foremost, do your research. Just because you are moving to a new area does not mean that you have to go into the move blindly. In this instance, the Internet is very much your friend. Search through sites like local chambers of commerce or community message boards for information about the area. You also can find local crime data and school district information online. And, let’s not forget those ever-powerful social networks, either.
Of course, you can also search for potential real estate agents online, via local realty websites or social media. There, you can likely find client testimonials, which you may find particularly helpful. Local newspapers may be help in your search, too. An agent with a strong presence in the local paper should have a great knowledge of the local area.
Rely on the people you know. If you currently have a great relationship with a real estate agent in your home area, ask them to refer you to an agent in your destination area. Often times, agents may have already established working relationships with other agents and they sometimes will refer their clients to agents who are similar to them, either in personality or in working habits. So, if you love your current real estate agent, ask for their help in finding a new one that they think you may be compatible with.
When you’re making a long-distance move, it is OK to ask your family and friends if they have any contacts near your destination. While you may not be compatible with every person who is suggested, you may find a perfect match or even make a friend or two in the process.
Start asking questions. Once you’ve done some research and received some referrals, it is time to arrange some interviews. Talking with potential agents, either by phone, email or in person, is a great way to gauge whether your personalities will be compatible. Don’t be afraid to ask questions, like “Do you specialize in relocations?” or “How do you plan to scout for properties that will meet my needs and wants?” When you are not familiar with an area, you want to have the utmost trust in the person who is representing you. Make sure you are comfortable with the way they work.
While you’re interviewing potential long-distance agents, it is not only important to ask questions, but it is also important to express your needs and wants. Are you trying to decide whether renting or buying is right for you right now? Have you already received pre-approval on a mortgage? Share that information and make sure potential agents are listening to what you’re asking for. Then, you are more likely to get what you want with an agent you will be happy to work with.
Keep the communication lines open. All of these steps should help you to get comfortable with your long-distance real estate agent, but the communication cannot stop once you say, “you’re hired.” Make sure to constantly communicate with your realtor, no matter what the distance between you is. Whether you prefer to check in via a phone call, email or text message, let your agent know what your priorities are and stay in tune with what they’re doing for you.
Finally, if possible, make a few trips to your final destination during your home search. You will not only be more familiar with the area, but you will likely be more comfortable with your real estate agent as well.
Trust your decision. The bottom line when it comes to working with a long-distance real estate agent is that it is all about trust. Start to establish a great working relationship with a real estate agent that you can trust today.
But, if you haven’t moved yet, how can you forge a successful relationship with your real estate agent over a long distance? Just like any other long-distance relationship, there are a few things to keep in mind that will make help to make it work for both parties.
First and foremost, do your research. Just because you are moving to a new area does not mean that you have to go into the move blindly. In this instance, the Internet is very much your friend. Search through sites like local chambers of commerce or community message boards for information about the area. You also can find local crime data and school district information online. And, let’s not forget those ever-powerful social networks, either.
Of course, you can also search for potential real estate agents online, via local realty websites or social media. There, you can likely find client testimonials, which you may find particularly helpful. Local newspapers may be help in your search, too. An agent with a strong presence in the local paper should have a great knowledge of the local area.
Rely on the people you know. If you currently have a great relationship with a real estate agent in your home area, ask them to refer you to an agent in your destination area. Often times, agents may have already established working relationships with other agents and they sometimes will refer their clients to agents who are similar to them, either in personality or in working habits. So, if you love your current real estate agent, ask for their help in finding a new one that they think you may be compatible with.
When you’re making a long-distance move, it is OK to ask your family and friends if they have any contacts near your destination. While you may not be compatible with every person who is suggested, you may find a perfect match or even make a friend or two in the process.
Start asking questions. Once you’ve done some research and received some referrals, it is time to arrange some interviews. Talking with potential agents, either by phone, email or in person, is a great way to gauge whether your personalities will be compatible. Don’t be afraid to ask questions, like “Do you specialize in relocations?” or “How do you plan to scout for properties that will meet my needs and wants?” When you are not familiar with an area, you want to have the utmost trust in the person who is representing you. Make sure you are comfortable with the way they work.
While you’re interviewing potential long-distance agents, it is not only important to ask questions, but it is also important to express your needs and wants. Are you trying to decide whether renting or buying is right for you right now? Have you already received pre-approval on a mortgage? Share that information and make sure potential agents are listening to what you’re asking for. Then, you are more likely to get what you want with an agent you will be happy to work with.
Keep the communication lines open. All of these steps should help you to get comfortable with your long-distance real estate agent, but the communication cannot stop once you say, “you’re hired.” Make sure to constantly communicate with your realtor, no matter what the distance between you is. Whether you prefer to check in via a phone call, email or text message, let your agent know what your priorities are and stay in tune with what they’re doing for you.
Finally, if possible, make a few trips to your final destination during your home search. You will not only be more familiar with the area, but you will likely be more comfortable with your real estate agent as well.
Trust your decision. The bottom line when it comes to working with a long-distance real estate agent is that it is all about trust. Start to establish a great working relationship with a real estate agent that you can trust today.
Find a moving service online
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Research movers online: https://smoothmovers.org/find-a-moving-service-online/
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what you need to know before selling your home
Research your local housing market!
https://www.forbes.com/sites/financialfinesse/2016/12/01/what-you-need-to-know-before-selling-your-home/#47350100a560
https://www.forbes.com/sites/financialfinesse/2016/12/01/what-you-need-to-know-before-selling-your-home/#47350100a560
red flags to look for in a home inspection report
A comprehensive home inspection is a valuable tool.
https://www.homeadvisor.com/r/red-flags-in-a-home-inspection-report/
https://www.homeadvisor.com/r/red-flags-in-a-home-inspection-report/
the ultimate moving checklist
Moving cross country? Here's how to prepare:
https://www.extraspace.com/blog/moving/moving-guides-tips/moving-cross-country-the-ultimate-moving-checklist/
https://www.extraspace.com/blog/moving/moving-guides-tips/moving-cross-country-the-ultimate-moving-checklist/
buying and selling at the same time?
How to Buy a House While Selling Your Own
Purchasing a house while selling your old one is the best path to take for many home sellers turned home buyers. In a perfect world, this transition would take place in one day. You'd simply sell your old one, then go on to closing on the new one. However, in the real world, it's not that simple, and you'll need to expect some time between selling your house and buying your new one or vice versa.
The process is a difficult dance full of complex steps and a rhythm that is hard to get just right. If you're wondering how to buy a house while also selling your current house, extensive knowledge of the process is important, and empowering yourself with the information you need can save you a great deal of time and money.
So, you may be wondering, can I buy another house before I sell mine? The answer to that is, yes, you can, but the bigger question is whether you will want to once you understand the entire process. First, consider what you have to gain and lose by either selling before buying or buying before selling.
Pros and Cons of Selling Before Buying:
Pros - The Benefits of Selling Before Buying:
Pros: The Benefits of Buying Before Selling
When you are trying to navigate how to buy a house contingent on selling yours, you may decide that selling first makes the most sense for your special circumstances. If so, take these steps to sell first:
Sometimes buying first is just the best way to go. If you want to know how to buy a house before selling your current house, follow these steps:
The complex processes of both buying a new home and selling your old home can have a major impact on your financial health for many years to come. Weigh the pros and cons, then assess your circumstances. If you struggle with making this decision on your own, speak to your attorney, financial adviser, or real estate agent to decide how to best proceed.
Purchasing a house while selling your old one is the best path to take for many home sellers turned home buyers. In a perfect world, this transition would take place in one day. You'd simply sell your old one, then go on to closing on the new one. However, in the real world, it's not that simple, and you'll need to expect some time between selling your house and buying your new one or vice versa.
The process is a difficult dance full of complex steps and a rhythm that is hard to get just right. If you're wondering how to buy a house while also selling your current house, extensive knowledge of the process is important, and empowering yourself with the information you need can save you a great deal of time and money.
So, you may be wondering, can I buy another house before I sell mine? The answer to that is, yes, you can, but the bigger question is whether you will want to once you understand the entire process. First, consider what you have to gain and lose by either selling before buying or buying before selling.
Pros and Cons of Selling Before Buying:
Pros - The Benefits of Selling Before Buying:
- You won't have to risk paying for two mortgages at the same time
- Cash will be easily accessible for a down payment for your new property
- You will have a better idea of the equity that can be put into your new home.
- You may not qualify to carry two mortgages, so this option can be ideal for those with less-than-stellar credit
- You won't have the pressure to reduce your asking price to sell your home quickly
- You will be able to let go of one home before taking on the responsibility of a new home, which can make things feel properly ordered
- Finding a temporary place to live before settling in a new home can be chaotic
- You will probably have to deal with moving two separate times which can be exhausting
- You may feel pressure to find a new home in a hurry
- Paying for storage and additional moving costs for two moves can add up
- Your investment will temporarily be out of the real estate market
Pros: The Benefits of Buying Before Selling
- The process of house hunting can be more relaxed and enjoyable
- You only move one time, so you won't face expensive storage fees or doubled moving expenses
- You are less likely to have regrets from rushing into buying a house in a hurry
- You'll have a place to go right away before you even let go of your current house
- You have a cushion in case something goes wrong during the process of purchasing the new home. That way, if the deal falls through, you still have your old home to stay in
- If your cash is tied up in the investment in your current home, you may not have as much freedom to make a larger down payment or high offer for the new home
- You might be pressured to accept a lower offer on your house if you are then in a rush to sell
- You may end up paying for two residences at once until you sell your home
- You will also be responsible for two sets of taxes
- If you decide to rent out your current home until it sells, you may face many challenges that come with being a landlord. They may be more complex given the fact that you are trying to show and sell the home with a tenant
- You may not qualify for a new mortgage when you have your existing one
When you are trying to navigate how to buy a house contingent on selling yours, you may decide that selling first makes the most sense for your special circumstances. If so, take these steps to sell first:
- To sell your house before buying a new one, first contact a real estate agent about listing your home for sale. Then, once you have a concrete offer from a hopeful buyer, it's okay to start looking for your new home. That can help the process go smoothly and not leave too much time between the selling and buying.
- Decide on where you'll live before you find a new home. Life happens, and some sellers find that they can't find the right home for them for weeks or months. It sometimes takes even longer than they. Be sure that you will have a steady, secure place to live from the moment you sell your home until you are moving into your new one.
- Fulfill all your obligations as a seller, once you know that you will have a secure place to stay until you find your dream home.
Sometimes buying first is just the best way to go. If you want to know how to buy a house before selling your current house, follow these steps:
- Start house hunting right away. Be proactive since you do still want to get the ball moving on selling, yet it's important to find just the right home for you.
- Make an offer on your dream home and request an extended closing. In this situation, you can request an extended closing if you feel that you are close to selling your home. That will give you time to better coordinate the sell of your old home while you purchase the new one. Please note that this only applies to a situation when you are close to selling your old home while buying the new one. If you decide not to list the home for sale until you have a new one, the next step would be to contact the real estate agent to list your home for sale.
- If you have savings, you may use that to purchase the home. Alternately, consider purchasing the house with a home equity line of credit. That can allow you to borrow against the equity in your current house until it sells. That way, your available cash isn't tied up in the old home.
- Close on the new home.
- Consider renting your old home until it sells. That can prevent you from paying excessive costs.
The complex processes of both buying a new home and selling your old home can have a major impact on your financial health for many years to come. Weigh the pros and cons, then assess your circumstances. If you struggle with making this decision on your own, speak to your attorney, financial adviser, or real estate agent to decide how to best proceed.
the best mortgages for first time home buyers
Find a lender and secure a mortgage:
https://turnkeyhomeloan.com/the-best-mortgages-for-first-time-homebuyers/
https://turnkeyhomeloan.com/the-best-mortgages-for-first-time-homebuyers/
