Serious Real Estate Challenges for Serious Relocation Buyers (Part 2 of a 3-Part Series)

By
Real Estate Agent with eXp Realty of California CA DRE #01490977

Serious Real Estate Challenges for Serious Relocation Buyers (Part 2 of a 3-Part Series)

 

Relocation to Carlsbad California

 

In this series we are discussing issues related to relocation – challenges and things to think about.

 

In Part 1 we discussed the issues of (1) searching for that new home; (2) using a qualified, knowledgeable REALTOR, and (3) doing your due diligence. If you missed this post, you can read it here >>> Serious Real Estate Challenges for Serious Relocation Buyers (Part 1 of a 3-Part Series)

 

Here are some other important matters to take into account in your relocation planning.

 

THE DISADVANTAGE OF DISTANCE

 

If you don’t know the area, and you aren’t nearby to readily tour homes that come on the market, you may miss out on some properties that might be suitable, especially in a competitive market where listings go pending quickly. House hunting trips are essential, and you can cover a lot of ground in a few days provided you are willing to do so, but a lot can happen in the time between trips.

 

Homes you find that are of interest may be gone by the time you arrive for a house hunting tour. Some relocation buyers, once they have toured enough, are comfortable making offers on homes based on the Internet and additional photos, videos and information from their local REALTOR.

 

 

Sometimes relocation can drive you nuts!TIMING CAN BE A CHALLENGE

Timing a new home purchase with a closing on your current home is always a challenge, and many people need to close on their current home to be able to buy the new one. This may become more complicated with a relocation over a long-distance.

 

Finding a home you can close on that will coordinate with the sale of your other home can be tough; some sellers may not be willing to wait, or cannot close as quickly as you want or need. Some homes may not be suitable to consider if timing is paramount, such as a short sale, unless you are able to wait many weeks or months and can make temporary living arrangements.

 

A move across the country with furniture takes time – a week or more based on my multiple moves, at least for your household stuff. Consider a short term furnished rental if you cannot coordinate closings, as one option, or a hotel.

 

Stay tuned for the fianl part of this series where we will talk about flexibility, financial and lifestyle change inssues in your relocation.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
California San Diego County Carlsbad
Groups:
1st Time Buyers
Posts to Localism
CALIFORNIA REAL ESTATE
Buyer Information - What Buyers Need to Know in Today's Market
Advice for Buyers
Tags:
buyers
relocation
first time home buyers
carlsbad real estate
carlsbad

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
1,927,421
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Great advise Jeff ..It is not easy relocating.  I am sure it is easier when it is a single person instead of whole family .Either way it can be a very stressful situation. Having a good agent to guide you is very important .

HelpfulHannah

May 20, 2012 03:08 AM #1
Rainmaker
855,169
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

The other issue now is the number of properties for sale.  The ever shrinking market can make the search take much longer.

May 20, 2012 03:10 AM #2
Rainmaker
2,851,695
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Jeff, You certainly nailed the relocation challenges.  They are indeed "challenges."  When people hire experience, local agents who understand how to navigate the challenges they will have far better relocation experience.  Anyone relocating to the Carlsbad area definitely want to hire Jeff Dowler

May 20, 2012 03:27 AM #3
Rainer
148,264
Nancy Lamb
Home Smart LifeStyles - Fountain Hills, AZ
& Loving AZ Team-Fountain Hills AZ

Jeff. Relocating is tough on everyone and the older people are, the more critical timing, coordination and an experienced Realtor are to the success of it. Carlsbad and the ocean sure sounds inviting now as it is 102 in PHX. Your series and website are excellent and a great resource for all of your clients.

May 20, 2012 03:39 AM #4
Rainmaker
5,227,634
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Hi Jeff....as our inventory continues to decrease in volume, finding the right property becomes more difficult..... our new construction becomes a gold mine to the relo once they realize the resale market is slim now....

May 20, 2012 04:48 AM #5
Ambassador
3,124,989
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

I don't know what it's like in Carlsbad, but when we get relocating buyers, particularly from the midwest, coming to Northern Virginia, I find they tend to look on a map and figure out how far away they can live from their job without a single consideration that the traffic may be different here.  Living 60 miles from a job in the midwest may mean an hour or so commute, but here, it can be torture.

May 20, 2012 05:24 AM #6
Rainmaker
1,173,928
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Buying a home long distance can be a challenge for sure.  Hopefully they have someone they trust, besides their Realtor® of course, who can be their eyes and ears.  

May 20, 2012 07:47 AM #7
Ambassador
3,915,609
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Jeff those are definitely challenges that someone making a long distance move needs assistance with from someone like you who has the knowledge to make the move as stress free as possible.

May 20, 2012 08:20 AM #8
Rainmaker
682,940
Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula
Realty Works Temecula - Temecula, CA
Realty Works Temecula

Jeff: The distance issue is really the biggest obstacle I find with buyers!  Great series of posts for those considering relocating!

May 20, 2012 12:59 PM #9
Ambassador
1,514,044
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

I must agree with Jane you have provided a great series on relocating.  Never a easy process even on the most savvy buyers.

May 21, 2012 09:15 AM #10
Ambassador
4,129,714
Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

Hannah - well it certainly depends on the situation. Either way a strong, knowledgeable agent can be a godsend.

Elite - so true. And coupling that with being at a distance CAN make it that much harder.

Thanks, Kathleen. I feel pretty strongly that having actual relo experience can be a huge plus. Nothing like living through the experience yourself.

Thanks, Nancy. I suspect that's why we see a good number of AZ buyers, often for second homes.

Jeff

 

May 21, 2012 01:20 PM #11
Rainmaker
2,117,938
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Moving can be such a culture shock that's why I recommend getting a referral for a professional who knows what he's doing, and in your city, I highly recommend you!

 

May 21, 2012 02:27 PM #12
Rainmaker
925,849
Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

I think you have it covered very well, Jeff.  I will be back for Part 3!

May 22, 2012 01:58 AM #13
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
4,129,714

Jeff Dowler, CRS

The Southern California Relocation Dude
What's my Carlsbad CA Area Home Worth??
*
*
*
*
Spam prevention

Additional Information