Texas Relocation - Part 2
In part 1, I discussed the importance of 'Getting Ready' for your Texas Relocation. No matter your reason for relocating to Texas (or any state for that matter), you want to be prepared and you want to narrow down your location specifically.
Part 2 Finding a House in Your New Area
Before you sell your existing home or give notice to your landlord (if you are renting), my first suggestion is to contact a Relocation Specialist in your new area. As I mentioned in my previous post, this specialist could be someone within your company (generally within your Personnel Department). Or you can ask the Real Estate Agent that is listing your current home because they will tend to have connections outside of their direct area. As a matter of fact, most agents maintain a close relationship with affiliated agents across the country who may specialize it helping out-of-town home buyers.
When you contact this specialist, be prepared with provide all of the information needed to make your search easier. This information includes, but is not limited to, the following:
- A brief breakdown of your family members
- Number of members
- Children's ages
- Any needs for elderly members
- What are your interest
- Religious Activities
- Special Family Needs
- School Requirements
- Public Transportation
- Distance to work
- Your employer and work location
- What are your target dates for house hunting and moving in
- Looking at homes listed today may be a waste of time if you are not considering a relocation until the middle of next year. However, viewing homes in a specific neighborhood may still be helpful.
If you do currently own a home and have it listed for sale, you should talk with your listing agent about your financial stituation. No, not what amount is in your checking and savings account. I am talking about the amount of equity you have in your current home. This will help you determine what your downpayment will be and ultimately, what your loan balance will be on your new home. The listing agent can complete a Broker's Pricing Opinion of Value (BPO), which will help you determine your equity.
The next big question is, "what TYPE of home do you want?". You have prepared your list of 'special requests' above, but let's talk about the style, size, etc. Here are some things to consider:
- Price Range
- Knowing your down payment will help you with this determination.
- When shopping for a home and ultimately for a mortgage, be sure you are comfortable with the mortgage payment. If its seems a little hight, consider lowering your price range or increasing your down payment.
- Style Preference
- There are many styles to choose from, but not all home styles are offered in a specific area. Your real estate agent will be able to help you with this further.
- Room Requirements
- What do you 'want' from your home? Family room, fireplace, separate and formal dining rooms, office space, three car garage, etc.
With some companies, your relocation specialist will match you with a Real Estate Agent that is familiar with your new area. Once you have updated them with your needs from above, they can guide you efficiently through the house-hunting process.
Something else to remember is to ASK questions. Remember this is a new location to you and the real estate agent you are working with is very familiar with this area. Ask about local parks, communities, home values in the area, local attractions, new constuction in empty lots, or anything else that may come to mind.
Stay in touch with this 'Texas Relocation' series here.
Part 1 - Getting Prepared
Part 2 - Finding a House in Your New Area
Part 3 - Temporary Housing
Part 4 - Countdown to Moving Day (To Do List)
Part 5 - Choosing a Moving Company
Part 6 - Moving 'Speciality' Items (pets and autos)
Part 7 - Cutting Costs
Part 8 - Are We There Yet? Road Trip Consideration
Part 9 - Congratulations, You Have Moved! Steps to Getting 'Settled In'
I'll help you get pre-approved for your Texas home loan and even suggest some very knowledgeable and professional Real Estate Agents in your area of choice. If you are available to talk, I am available to listen. Give me a call or visit my website for more details.
Do you want to know all of your mortgage options? Call me today and let's discuss them further.
Always available for your Texas Mortgage and Home Loan needs!
John R Cannata P#214.728.0449
NMLS # 322646
The views expressed on this site are mine alone and do not reflect the views of my employer.