Finding A Home In A New City
Your first visit to your new location
Moving is an experience that can be like having a new beginning in life. Go into your move with a positive attitude and it could possibly be the best thing that ever happened to you! You will probably make at least one house-hunting trip to your new community. Carefully prepare for this adventure.
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Read books and travel literature about your new community. |
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Look at local maps. |
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Read about and visit landmarks and local attractions. |
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Search for area information online for statistics on weather, schools, housing costs and much more
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Get in the car and drive! Check out downtown, neighborhoods, shopping, etc. |
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Consider the areas you like versus where you will work. How far are you willing to commute to get the lifestyle you want? |
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Visit the Chamber of Commerce or City Hall. Strive to learn details you might not find out about from simply driving around the area. |
Buying Tips
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Get Pre-Approved For A Mortgage. A pre-approved buyer is the same as a "cash" buyer and puts you in a stronger negotiating position for purchasing a home |
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Stick To A Budget. Don't look at houses you cannot afford. You may be tempted to stretch your dollars and be unhappy after the move. However, remember to account for future variations in income. |
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Keep A Low Profile. View properties with a minimum of distractions. Be friendly, but don't try to force conversation when you are inside someone's home. Something you say could influence the seller to hold out for more money....let your agent do the talking! |
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Ask For An Estimate Of Closing Costs. Once you have the baseline established, it is very easy to adjust the calculation if a counter-offer is made by the seller. |
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Think Resale. Select a house that is consistent with the neighborhood. If you think you may be transferred in the next 2 to 5 years, choose a home similar to others surrounding it. It is sometimes difficult to sell the "largest home on the block" for a strong price in a short amount of time. |
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Keep Negotiating. Frequently, contracts are sent back and forth between buyer and seller several times before all the issues are addressed and solved. Be patient and keep things moving towards a successful transaction. |
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Remain Calm. One of the most difficult and stressful times of the entire purchase process is during negotiations. Try and remain calm, unemotional and keep focused on the logic. |
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Insist On A Home Inspection. Make sure what you see is what you get. The request for an inspection can be made part of the contract, or the contract may be contingent upon your approval of the results of the inspection. |
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Keep Stress Levels Low. Your agent will plan full days for you to look in your new community. During breaks/lunch, relax a little and share with your agent what you have liked about the experience so far. |
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Turn On The Excitement. Enjoy the adventure of the move and the prospect of your new home and neighborhood. It is a special time for you and your family, and you should feel special. |
Choose a Buyer's Agent
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Chose an agent who will represent you as a buyer and ask them to sign a Business Relationship Agreement and Consumer Notice. Your agent should be representing only you in the transaction; however, there are times when your agent will be working as a disclosed dual agent. |
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Inquire about credentials, licensing and areas of expertise. |
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Ask you agent about their knowledge of the community in which your interested. Make certain they have the experience to answer your questions about the values and other factors which may influence your decision to buy. |
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Use the services of an agent who is a member of the local/regional Multiple List Service. This means they can show you all the homes on the market, not just the homes listed with their company.
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An agent who is internet savvy will be able to communicate with you quickly via email. When purchasing a home, time can be of the essence. |
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Make sure your agent will available at all the times you are. If you are moving to a new city and have a tight schedule, you need to accomplish a lot in a short amount of time. |
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As your agent to provide a copy of all legal documents you will be asked to sign so you may review them well in advance of the actual offer. If in doubt about verbiage, ask questions. Remember your sales contract is a legal, binding document. |
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If possible, your agent should go with the listing agent when the offer is presented. They are better able to communicate to the sellers about certain aspects of your offer. |
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Ask about a Home Warranty. If the listing company cannot provide one, ask your ERA agent how you might get protection from unexpected repair expenses. |
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True commitment comes naturally to a real estate professional, who often feels the most rewarding aspect of their work is to help people. Work closely with your agent and share information so they can work hard to help you fine the home that matches all you needs....and dreams! |
NOTICE: This information is provided as a convenience only and are not intended to be legal, financial or tax advice. Please consult your attorney, accountant or tax attorney for the appropriate advice.