House hunting in another city? Here's how to make it work!
Doing anything long-distance instantly brings stress and difficulty to one's mind. Of course, it is not an easy task, but it's manageable. With the right house-hunting tools, such as the right real estate team and good knowledge of the area, you are off to a good start. However, we are aware that many difficulties can come up during the process. That's why we've come up with a list of tips for house hunting in another city. By following the steps you are about to read, you too can find a long-distance home that suits your family's needs and budget.
Tips for house hunting in another city
Even though a long-distance house hunt and move to or within Georgia can be challenging, they're not impossible. In fact, with the right agent and the convenience of modern technology, it's never been easier to find help online. So, use all the resources at your disposal and follow our essential tips for long-distance house hunting to ensure success. Thus, without further ado, here are our top tips.
1. do you homework
2. hire a reputable local realtor
3. know what you want from a house
4. make it in sync with what you can afford
5. set a budget for moving and travel expenses
6. check out the neighborhoods and potential homes in person
7. get mortgage pre-approval
8. keep an open mind
Do your research
If you want to buy a property long-distance, know that the Internet is your friend here. Of course, nothing beats checking out everything you can by yourself and in person. However, since that is not always possible, the Internet is there to help you. You can use it to research people's experiences with local real estate companies, the neighborhoods, the cost of living, the market prices, and so on.
Hire a good local realtor
When buying a house long-distance, you shouldn't do it on your own. One of the essential things is finding a good local realtor familiar with the city, neighborhoods, and prices. We don't recommend skipping this step since it's likely to lead to a costly mistake. So, if you want to avoid any potential regret, make sure you hire a top-notch realtor who will have your best interests in mind and help you every step of the way.
Know what you want
When you get into the home market, it would be best to know what features you want in your new home. The experts recommend making a top five list and deciding on what your non-negotiables are. Do you want a house with a swimming pool or other luxury amenities? How big of a square footage is to your preference?
Knowing exactly what you want from a house will allow your agent to seek homes in line with your needs and wants. This will help them in narrowing down the neighborhoods and properties for you. Also, they will assist you with trade-offs worth making.
Make it in line with your budget
As you research the city you want to buy a house in and examine the prices in the area, you should be able to get a general idea of typical costs in the neighborhoods. Additionally, you will be able to compare the living costs with your current city. For example, you can examine the average gas, childcare, public transportation, and home prices. Once you get familiar with the idea of how much money you'll need to live in your preferred city, it should help you decide your budget.
Set a budget for moving and travel expenses
Once you decide to start house hunting, you should expect to have inevitable appointments that require your presence. Therefore, you should make sure you are well prepared in advance since some last-minute arrangements can come up at any time.
We recommend planning at least 4 or 5 days long trips to avoid trying to squeeze multiple showings in one day. That will lead to feeling overwhelmed, and you might forget about some crucial aspects of a particular house at the end of the day.
Check out the neighborhoods
This step means you will have to prioritize what's most important to you. For example, you might find the scenery important, having a spare bedroom, or the shortest commute to work. If you have children, you might want to find a neighborhood in high-ranking school districts.
A lot of the information is available online, but we still recommend paying a couple of visits to the city you want to live in. During your trips, you can meet up with your realtor and then see the neighborhoods for yourself. Another great tip is to join a local group on social media to communicate with the locals and get first-hand advice and information.
Get pre-approved for a mortgage
Another crucial thing during this process is to check your credit score and seek mortgage pre-approval. Again, it would be best if you did this step before you picked out a house. You need to make sure you have a good credit score to get favorable interest rates.
Keep an open mind
Finally, when buying a long-distance house, it's essential to keep an open mind about the neighborhood and the place you will be living in. You might have a strong idea about the style of your dream home, but we strongly recommend being open to some adjustments and exploring all of your options.
We say this because you might decide on the first house you see but might miss on something better somewhere else. This is another reason why it would be great to hire a good realtor who will open your eyes to all the possibilities.
The bottom line
Buying a house and having a fresh start should be an exciting process in everyone's life. With a trusted real estate agent to help you along the way, you will undoubtedly be making an offer soon. We wish you happy house hunting in another city!