Timing is Everything

Making a long distance move is a daunting event.  I work with many buyers who come from out of state.  They relocate to Summerville and Charleston for work, military transfers, to retire and some come just for the weather!

But no matter the reason, planning and timing your move can be difficult especially if you own a home in your current town.  When looking to relocate and buy a home in your new area, there are several things to consider.

First off, do you have work in your new home town?  Without it, you probably won't qualify for a mortgage.  Most lenders want to see at least 30 days of pay stubs from your new employer before approving a loan.  This can mean having to find some kind of temporary housing before closing on your new place. 

Some people like to find temporary housing anyway in order to learn the lay of the land in the new location.  It gives you the opportunity to explore different areas and neighborhoods first hand because there's only so much you can glean long distance from a computer and pictures.  If you haven't already done so, this is the time to start consulting with a realtor about the local market. 

Another consideration is... have you sold your old home yet?  In this market, most sellers will not accept an offer that's contingent upon you selling your home.  So it may be best to sell your current place first and then look for a new home knowing you are unencumbered by the old property.  At a minimum, you should wait until you have a solid contract on your current home before heading off to search for the new one.

Have kids?  The biggest concern most parents have is about schools.  Should you wait until the end of the school year before making the move?  Clearly moving over the summer may be easiest for some families, but I have also heard the opinion that moving during the school year can actually be a good thing.  The reason?  Your children will start in their new school almost immediately, giving them the opportunity to meet other kids right off the bat.  With clubs and other activities to get involved with, it may be the perfect way for them to make new friends quickly and acclimate to their new surroundings.  Parents know best, so a talk with your children, their current teachers and pediatrician may help you decide which is the best way to go for your child.

In my opinion, the bottom line is this...moving is never an easy or convenient process.  In order to get into the home of your dreams or make the move you've been dreaming of...you may need to be inconvenienced by finding a rental first or some other kind of temporary housing.  Or you may need to put your things in storage for a month or two.  Just keep in mind, those are all temporary things.  Keep your long term goals and dreams in mind and you'll see that it's worth the inconvenience in the end.

Lots of factors will dictate how things play out for each individual situation, but with the help of your lender, realtor and other professionals, you can figure out what will work best for you.

If I can be of assistance to you with your relocation to the Charleston or Summerville, SC area please don't hesitate to call or email.

Maria Pettis
Realtor, ePRO, SFR
Century 21 Properties Plus, Inc.
http://www.mariapettis.com/
(843) 860-3901