Moving Out of State? Tips to Keep You Sane!

Moving Out of State? Tips to Keep You Sane!

Dec 13, 2017

Buying a home out of state can be both exciting and challenging. Your move can present new beginnings and opportunity – but there’s a lot to do in order to make it as smooth as possible. Here are some simple tips to make your move a lot less stressful:

Create a Realistic Timeline and Stay Organized

As soon as you know that moving to a new state is a possibility, create a file that includes the following:

  • What’s the value of my current home? How quickly can I expect to sell?
  • When do I expect that the move will occur? Can I afford delays?
  • Where are the best areas to live?
  • What is the cost of living in my desired area?
  • If I’m not moving for work, does the location offer career opportunities?
  • Is there a neighborhood association? Are there specific rules that I need to know?

A real estate agent can help you determine current market conditions. Your timeline will vary greatly depending on what the realtor outlines, as will your home’s value. Once you have this knowledge, your research should allow you to eliminate any neighborhoods that do not meet your specific personal and financial needs. From there, you can continue to refine your targets by investing more time in fewer locations.

Visit Your Destination

If you aren’t already familiar with where you want to buy a home, a visit to investigate the area is vital. Online research and expert insights can be helpful, but experiencing the area for yourself will help to eliminate possible disappointment or regrets. Once you’ve narrowed down some of your options, it’s time for a vacation of reconnaissance.

Be Prepared: Get Pre-Approved

A pre-approval not only gives you a better picture of what you can realistically purchase, but is also an indicator to sellers that you are a serious buyer. Our loan officers can help you decide between Home Point’s preapproval or REALQual Program.

How to Find a Lender

No matter where in the U.S. your home buying journey takes you, there’s good news: Home Point Financial is licensed to originate in all 50 states! Use our find a branch tool to find a location near where you currently live. We’ll save you hours of research and connect you with the Home Point Financial branch in your desired are. Call us today at 888.616.6866 and find out how we can help you participate in one of our loan programs, designed to meet your needs.