Top 10 Relocation Headaches
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consultation with our home loan experts.
- Not having enough details &
demographics about your new hometown
Gather as much information as
possible about your new destination, from sources such as BlueMortgage's Power Relocation Tools, your RPS relocation package, Chamber of
Commerce newcomer packages, location magazines and your Realtor.
- Not having your home priced and showable for selling
Check your home thoroughly for all needed repairs before listing
it for sale. Pay attention to details such as gapped caulking, chipped
tiles, paint...it's often these little things that potential buyers
will notice. Also, have the home professionally cleaned, including
carpets. If you haven't had your home appraised in the last two years,
do it before putting the home up for sale. Also, have one or two
Realtors give you a Comparable Market Analysis. This will show what
other comparable home in your neighborhood have sold for recently.
Over pricing your home at the outset will result in slow showings and
a delay in selling.
- Poor research of what your money
can buy in your new city
Many factors such as differing salary, cost of living, taxes and
housing prices affect what the same dollar can buy in different parts
of the country. Resources such as BlueMortgage's Power Relocation Tools, the
Chamber of Commerce, Realtors, and Runzheimer Reports can give you
this information.
- Not getting a mortgage pre-qualification letter before house-hunting
While pre-qualifying with a mortgage company doesn't provide final
loan approval, it does give you a realistic price guideline and shows
sellers that you are a serious and qualified buyer.
Schedule
a free consultation with our home loan experts.
- Not protecting yourself with the best home inspection possible
This goes for both the home you're selling as well as the one
you're buying, although who pays for the inspection (buyer or seller)
is negotiable in each separate contract. A good inspector should be: A
member of the ASHI (American Society of Home Inspectors); bonded,
licensed and insured; able to provide references; up front about their
fees and what is included (are termite inspections extra, for
example.) Our Realtors or mortgage loan officers can recommend a
certified inspection company.
- Setting up the best interim housing between destinations
When you first arrive in your new town, you'll most likely need to
have temporary housing arrangements until you can close and move into
a new home, or find a permanent rental. This may be anywhere from a
few days to a few months. If you foresee needing interim housing for
less than 30 days, the easiest option is a suite hotel geared for
extended stays, such as a Residence Inn or Lexington Suite. For a
month or longer, corporate apartments or homes are much roomier, more
comfortable, and usually 20-60% less than paying a daily or weekly
hotel rate.
- Moving your household and "stuff"
safely from point A to point B
Depending on the size of your household and the distance of the
move, you may want to consider hiring a moving company. Obviously,
doing it yourself can save quite a bit of money; however, the time
factor, experience of professional movers and the insurance they
provide your contents may make hiring the better choice.
Moving companies can give you either
a binding or non-binding estimate. Binding means that the cost is held
to exactly the estimate they give; this means that they will actually
physically inspect your home before giving the estimate. A non-binding
estimate is only an approximation and no guarantee that the final
billing won't be more. However, federal law sets a ceiling of no more
than 10% additional charges over the estimate. You will also want a
moving company that can guarantee the pickup and delivery dates.
- Having a trailing spouse who needs to relocate into a new job
By the year 2005, 73% of all households will have two incomes,
creating a significant burden when losing one income as a result of
relocation. 27% of companies provide spouse employment assistance; if
yours is one of them, take advantage of it. If not, try to begin
establishing a network before you arrive, contacting any friends or
acquaintances in your new city; subscribing to the newspaper;
contacting recruiters, placement firms and career counselors;
contacting the chamber of commerce and employment commission; and
joining organizations, especially networking ones. If a job still
hasn't been landed by move time, consider volunteering or joining a
temporary agency - great full time careers have been started from
both.
- Finding the best new schools for your children
Concerns about family and children is the second most frequently cited
reason for reluctance to move. There are many ways to find out all the
information you need to make a wise decision. If you haven't decided
on a particular area of town, the chamber of commerce can give you a
wealth of statistics on all local school districts, as well as private
schools. Using BlueMortgage's tools can provide excellent
information. If you have decided on a particular area, your Realtor
can get you a school district information package.
- Concerns over your children making a smooth transition
In addition to educational concerns, we also worry about the
emotional effects of a major move on our children. They may be
resisting the move; may even be angry. Will they adapt well...will
they make new friends? Probably the best way to ease the way is to
involve the kids in the move. Provide them with the same information
about your new town that you have. Rent or buy videos about your
destination to watch as a family. There are also many excellent books
geared to children of all ages.
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