If a sudden job transfer is in your future, a little pre-planning can help make your relocation move less stressful. Because after the excitement of moving to a new city begins to fade, panic often replaces the initial exhilaration, especially when the realization hits that you might not know anything about buying a home in a new area.
Buying a home in an unfamiliar area carries risks, and it can be scary. Real estate laws vary from state to state. Local custom can differ from one county to another. You don't want to make a home buying mistake or buy in the wrong neighborhood. Plus, if you have a home to sell in order to buy a home, you want the timing to be perfect.
The last thing you want to have happened is to pull up to your new home with the moving truck and you can't move in because of some silly snafu. So how can you protect yourself?
Start an Internet search by entering keywords into Google such as the name of the city, coupled with information or housing. Here are a few places to look:
While the Federal Fair Housing Law may prevent real estate agents from giving you information about protected classes, which includes where churches are located, neighborhood school rankings, the ethnic make-up of neighborhoods, among other factors, agents can be a wealth of information.
Because every state is different, find out how what types of disclosures you can expect to receive and which types of inspections are normally performed. Some states do not require that sellers disclose material facts to potential buyers. Here are questions to ask:
Whether you choose older or new homes, because agents tend to specialize in neighborhoods, hire an agent who works in the neighborhoods where you want to buy. A neighborhood agent can tell you the differences between homes as sometimes a home across the street from another can vary greatly in price. Local specialists have intimate knowledge about their areas that you won't get anywhere else. Ask for details on:
credit: ELIZABETH WEINTRAUB
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