How To Buy a Home a Long Way From Home

Posted on Feb 22, 2018 | New Home Loans

Many times when you’re a remote buyer, you’re going to be handling the inspections remotely. This means that the Realtor’s going to work or act on your behalf, meeting with the inspector, talking with the inspector about the issues, sending you the report, and being your eyes and ears. The Realtor also needs to be at your disposal when you come to town to house hunt. When you’re relocating, you’re going to have one, maybe two, visits to the state and you’re probably only going to be there for a couple of days. You’re going to want to do intense house hunting, perhaps eight to ten hours a day looking for houses and getting familiar with the areas, and you’re going to need major help, often on a weekend.

If the Realtor is a one-person shop, has two kids, and doesn’t like to work on weekends and that’s the only time when you’re available to house hunt, that’s a real conflict. So, you want to make sure that the Realtor has a staff or is willing to put the weekend, or week day(s), on hold when you come into town, because you mean business and you’ve got to get your house hunting done.

One more important detail not to be overlooked by the Realtor is the potential for a remote closing when you are not likely to be in the state where the home is on the closing date. But let’s say you are living in Virginia and buying a home in Utah. If you’re working with Joe Schmoe Realtor, who has done one or two transactions, chances are he’s not going to think through the complexities of getting documents across the country and back to meet your deadlines. If he’s adept in relocations and experienced in working with physicians, this is par for the course. It will be ingrained in his head to ask, “Where are you going to be when we close?” And he’s going to be able to write your purchase agreement and navigate the closing process flawlessly for you.