FOR BUYERS: 10 Steps: How to Make a Successful Relocation Move
Moving to a new, unfamiliar community can be stressful and demanding.
To make your transfer go smoother, consider these suggestions:
1. SELECT THE RIGHT REAL ESTATE AGENT.
Working with a good agent is one of the most important
aspects of a successful home purchase. Key qualities to
look for: experience with relocating clients, strong local
market knowledge and solid communication skills. If your
agent has earned the ABR® designation you’ll know they
also have special training in representing buyers.
2. GET PRE-APPROVED (NOT JUST PRE-QUALIFIED)
FOR YOUR MORTGAGE.
Pre-approval means your application has already been
processed and fi nal approval is only contingent upon an
appraisal and other issues. Mortgage pre-approval puts
you in a more favorable negotiating position with sellers
and allows you to make faster decisions.
3. SEPARATE YOUR NEEDS FROM YOUR WANTS.
The difference may seem subtle, but this makes it easier
to quickly narrow your options and fi nd the best home for
4. KEEP COPIOUS NOTES.
You’ll probably see many homes in a short period of time.
Detailed notes, photos, and listing sheets can help you
recall each property after a busy “home shopping” trip.
5. THINK ABOUT SELLING WHILE BUYING.
Transferees often face future relocations, so it’s important
to consider a home’s resale value. If your agent is
pointing out a home’s fl aws, they’re probably looking out
for your future best interests.
6. LEARN THE MARKET.
Buyers can gather an amazing amount of information
online about the markets they’re considering for their
new home (although an experienced agent will always
have a stronger pulse on local market prices than any
website). Do your homework and rely on your agent to
add key perspectives.
7. BE PREPARED TO MAKE FAST DECISIONS.
Many markets now favor sellers or simply lack adequate
home inventories, causing buyers to quickly regret
momentary hesitation on a desirable home. Consider
making an offer right away, even if you plan to view
8. BEFORE PLACING AN OFFER, REQUEST
A QUICK CMA.
Agents can produce a comparable market analysis on any
home in a matter of minutes. This is also where an agent
with local market expertise can be a real plus.
9. BE PREPARED FOR EMOTIONAL UPS AND DOWNS.
Negotiating an offer can be a draining experience. Try
to remain calm and maintain perspective as offers and
counter offers are exchanged.
10. LEARN FROM HOME INSPECTORS.
The level of detail in home inspections has improved
dramatically. If at all possible, attend the inspection
in person. You’ll also gain many valuable tips about
maintaining your home in the written report. As far
as renegotiating on repair items, remember that in
strong markets, sellers will be unwilling to make any
concessions based on the inspector’s report.