If you have recently discovered that you need to move to another state because of family issues or a new job position, you may find yourself in the position that you need to purchase a new home fairly quickly. However, since you will not have the luxury of physically being in the other state during the entire process, try to avoid the following mistakes that can be easy to make, especially if you are in a hurry to find and purchase a new home.
1. Assuming that the Process Is the Same as Your Current State
If you currently own your house, you probably know about the processes required to buy a house. Because you feel that you are a seasoned home buyer, you may be ready to jump into the fray while finding and purchasing a new out-of-state home.
However, do not assume that the processes are the same as they are in your present state. Many states have different laws or requirements, such as a different minimum credit score or required down payment.
Even the names of certain terms can be different. While your state may call the money you put down a "down payment," some states call it "earnest money." You should seriously consider having a real estate agent from the state to which you are moving help you with the ins and outs of the home buying process.
2. Neglecting to Research the Area
Another mistake that you should avoid making when you are trying to find a house to buy in a new state is neglecting to fully research the area. While the house may have picturesque pictures and a nice description, it may very well be sitting in a not-so-nice neighborhood.
Before you even start picking out potential homes, thoroughly research the areas by reading local newspapers to see if the neighborhoods are mentioned. You can also contact the local police department to find out crime statistics as well as ask for their recommendations on the better neighborhoods in the area.
Along with the potential mistakes discussed, another one that you do not want to make is trying to go through the process of researching and finding a home on your own. Contact a real estate agent located in the area into which you plan to move to discuss ways that they can help you find a home as well as guide you through the processes of purchasing and closing on one.
