Relocating for work can be a stressful affair, especially if you’re unfamiliar with the city or country you’re being sent to. You have to start everything from the scratch such as getting acquainted with the new area and adjusting to the new job and lifestyle. The most nerve-racking part of this relocation is finding a new home.
Buying a home in an unknown area involves a lot of risks and can cost you a good sum of money if done wrong. The situation can become worse if you’re moving out of state/province as real estate laws differ from state to state or province to province. To avoid making any costly home buying mistakes, follow a pre-planned process and make your moving experience less stressful.
Here’s what you need to do.
Decide What You Want
Before starting your house hunt, reflect on your current housing situation—specifically what you don’t like. For example, if you’re living in a condo in Yorkville which is not able to accommodate your family or you don’t have enough privacy, then you can look for a bigger, detached home in the new area. On the other hand, if you are currently living in a big house but you feel that you’re not able to maintain the property, then buy a condo or apartment this time.
Start an Online Search
Search for suitable property options near your office area on the Internet. Go through various real estate websites and housing classifieds on e-newspapers to know the type of properties listed. Look for the crime statistics of the area and opinions of the residents on several forums. Study the area’s map to know whether that area is suitable in terms of basic amenities such as hospitals, shopping malls, schools, community centres, sports grounds, etc.
Contact a Local Real Estate Agent
Talk to various local real estate agents and interview them to learn more about the home buying process in that area. Select an experienced real estate agent who has previously dealt with out-of-the-state home buyers and be clear on what type of houses you are interested in. Decide in advance on the fees charged by the agent and the date on which you’re planning to visit the potential homes.
Plan a Personal Visit
Before permanently moving to the new area, make sure that you visit the place in advance. Look at the houses you have shortlisted as visiting those houses in-person is important before buying them. Talk to your future neighbours and get to know about the locality and basic amenities. This will help you get a true feel for the home you are planning to buy and the new area you’ll live in.
Relocating and home-buying to a new area comes with a lot of challenges. Avoid making the wrong decisions, especially when it comes to buying a new home in an unknown city or state. Plan in advance, research properly, hire a well-known real estate agent and visit the properties before purchasing. Follow this plan to ex
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