Hi everyone.
This is your Tampa Bay Realtor Lance Mohr and in this video, I'm going to go over how
to buy a house out of state.
So if you're looking at relocating out of state whether it's to Florida or someone else.
Whether you're buying a primary residence or an investment property or a second home.
I mean to give you three tips the three most important things you need to look for if you're
going to be buying a home and you're out of state.
All right so let's start off with number three and this goes for people who are getting a
mortgage who are getting a loan if you're paying cash don't worry about this because
the first is the lender get a lender that's in the state you're relocating to I run into
a lot of issues with people that might be relocated and let's say they're up in New
York and they're moving down to Tampa.
So they're going from New York to Florida and they get a loan officer up there and the
problem is the loan officer gives them a good faith estimate.
There's a lot of numbers that aren't correct because they just don't know what our fees
are here they don't have any idea and so just the third is just get a lender who's somewhere
in Florida.
It's probably preferable to talk to your real estate agent and get someone local.
Someone who they know but it won't be the end of the world if you get if you hire a
lender from out of state.
I just think it's better to get someone who's local, who's in that state.
The second would get a home inspection and I know this is normal for most people to think
about getting a home inspection when whether you're buying a pre-owned home but it doesn't
make a difference if it's a pre-owned home or a new home remember a new home doesn't
mean a perfect home.
So get a home inspector and make sure the home inspector is detailed out in our area
we basically have two types of home inspectors we have the type that does 1 to 2 inspections
a day they're extremely detailed and then we have the other inspectors that try to squeeze
in for inspections a day and there are literally only out at home may be an hour so so you
want to find someone who is extremely detailed.
Someone who's going to go in on the roof in the Attic that's gonna go over the whole house
with a fine-tooth comb and then what you want to do is call the inspection company.
Try to get a copy of one of their inspections because you want to look at their inspection.
You want to see what it looks like.
You want to see how easy it is to read are they detailed or they, not detail is the inspector
a one-and-done they just go out there give you an inspection report and they're done
or can you call him can the listing agent Colin can your can your real inner Colin can
they give a column if there's an issue if they have a misunderstanding what about the
construction manager.
If you're building a new home can the construction manager get a hold of them to get a really
really good detailed inspector hopefully your real estate agent has a well-detailed inspector.
All right so the most important thing, without a question of a doubt is your real estate
agent your Realtor is going to be critical in this whether you're buying a home out of
state and you're moving here and we'll just use Ford or Tampa, for example, you're moving
to Tampa and it's going to be your primary residence or if you're coming in buying a
second home or investment property your real estate agents going to be critically important.
Now if you're going to be buying let's just say second home or a primary residence I would
HIGHLY advise coming out and taking a look at the area taking a look at the home you
could do a lot of research online but coming out here but the one thing I'll have to tell
you is hire a real estate agent that's been through it before a lot of agents.
Say oh I've been born and raised in this area and I've never lived anywhere else well what
they're basically saying is I have no idea what you and your family are going through
because I've never relocated.
So you want an agent that's not only worked with a lot of buyers who have relocated but
someone who's relocated theirs themselves.
So let's say you're buying an investment property hire an agent that does investment properties
that owns investment properties because you're going to have a different set of criteria
you may not need to come out to Tampa or wherever you're buying but you want to make sure you're
in a really good area where the homes are gonna rent really quick and you're going
to be able to get a good rate of return on them.
So you definitely want to make sure yeah look at the agent and hire someone that is what
you're looking at doing so if you're relocating here they've relocated if you're buying an
investment property they have an investment property.
Okay so now let's get to where the rubber meets the road.
Hire someone who knows what the heck they're doing someone who's been in it for a while.
Who's knows what's going on so they're going to need to know the market what's the market
conditions like they're gonna need to know the different areas they're going to need
to know the different communities and they're going to need to know the different builders
and that's where a lot of realtors go astray they don't understand the different builders.
If I have a buyer that's buying a $300,000 home do I want him to get what would be equivalent
to Atia or do I want them to get Honda you won't want him to get Honda or do I want him
to get a Mercedes-Benzes the reason why I use cars is because everybody knows cars the
realtor needs to understand the cities they need to understand the different communities
but they really need to understand the builders.
Is it a quality builder is it a quantity builder?
When I'm talking to buyers and you know I try to make things as seamless as possible
for buyers because buying a home really should be fun.
So what I'm talking to a buyer I ask a lot of questions a lot of questions what they're
looking for not just what area you're looking for how many bedrooms and bathrooms and everything.
I want to know the type of area you're looking for I want to know what kind of subdivision
do you really like what kind of area do you really like what about the home do you want
more of a quality built home or do you want more of a quantity built home because that's
gonna also tell me what kind of builder I should be focusing on does it make a difference
whether the home is brand new or pre-owned the agents gotta understand the builders they
got they have to Understand the subdivisions.
So make sure you hire an agent that knows what the heck they're doing.
I have people coming in all the time and a lot of times I ask them a lot of questions
up front by the time they get here and they do the research online they're at home very
very quickly because I really really really know the areas that builders the subdivisions
very well.
So make sure your real estate agent knows that
If you have any questions don't hesitate to reach out to me.
If you're in the Tampa Bay area or you move into the Tampa Bay area I would love to help
you if you're gonna be relocating or buying something somewhere else and you don't know
of an agent let me know.
I could help you find an agent I know agents all over the United States and if you like
this video do me a favor give me a thumbs up and share the video have a wonderful day
and I wish you the best of luck.