Technology has made buying a home in another state easier than ever before; for example, if you can’t travel to see a potential home in person, you can take a virtual tour—and get a feel for the flow and layout of the house without ever stepping foot inside.
But just because the process is easier doesn’t mean there aren’t challenges associated with it—and if you want to successfully purchase a home in a different state, there are definitely things you will want to keep in mind.
So what, exactly, are those things? A recent article from realtor.com outlined must-know tips for buyers considering purchasing a home in a different state, including:
Choose your real estate agent wisely. Choosing the right real estate agent is always important—but it is especially important when you are purchasing a home out of state. Your real estate agent will be your eyes and ears when you can’t be there to look at properties in person—so make sure to do your research and choose a local agent you trust.
Ask questions. The homebuying process can vary widely from state to state—so it is important to ask as many questions as possible to understand the process in the state where you are planning to buy. For example, how much earnest money will you need? Will the inspection happen before or after the closing? How long will it take to close? Getting these questions answered at the beginning of your home search can make the process significantly less stressful—so if you have questions, make sure to ask your real estate agent.
Ask for a remote closing. Back in the day, if you purchased a home out of state, you would have to travel for the closing—but thanks to remote closings, that is no longer the case. If you don’t want to make a trip to another state just to close on your home, ask your agent to coordinate a remote closing.