Given today’s climate, both politically and financially, buying a home in Florida may seem like the ultimate lifestyle choice. I work one-on-one with many out-of-state home buyers to find and secure the home of their dreams. In doing so, I have learned there are numerous tips and tricks to successfully purchasing a home in Florida while residing out of state.
Here are my top 10 tips for buying a home out of state.
1. Work with an experienced buyer’s agent
An experienced buyer’s agent represents buyers legally. This is important when purchasing a home, especially out of state, because you need to work with someone who you can trust to act in your best interest.
2. Ask friends & family for a referral in the area
Work with a buyer’s agent who has been entrusted by mutual friends or family, this way you know that you both have the same expectations and similar values. You should also consider working with an agent in your own area, and asking them for a referral.
3. Research, research, research!
Reference neighborhood guides like these if you are unfamiliar with an area and want to learn more about schools, areas, walkability, and lifestyle! You should also visit and join Facebook groups that focus on your area of interest, ask questions, and get to know the general population.
4. Start early
Before you even begin working with a buyer’s agent, you’ll want to start searching for properties that suit your style and taste. Share these examples with your agent, and use them to demonstrate the style of home you are seeking. Be very clear about your expectations and include a "must-have" list that you are not willing to negotiate.
5. Ask for a real-time tour of each home
Virtual appointments are more important than ever right now, and not as rare as you might think! A virtual tour is a walk through a home that showcases the interior and exterior in real-time. Ask your agent to set up virtual showings of homes you are interested in
6. Take a trip before making an offer!
This one is highly recommended and requires you to schedule a visit to the destination. Before arriving, set up numerous showings and tours to maximize your time.
7. Get an inspection
An imperative step! Set up an inspection with a company recommended by your agent. This is often required as part of a sales contract, and should include everything from the roof to the wiring of your potential new home.
8. Work with a nationally-recognized bank
If you are in need of a mortgage, we recommend working with a nationally-recognized bank that will be accepted out of state. Oftentimes, a local bank in your area will not lend money out of state, so a national bank like Bank of America or Wells Fargo may be your best option. This also is the same for title companies, be sure to check with your agent to find out who they recommend and if a local title company is able to work with you out of state.
9. Make electronic offers
In today’s fast-paced digital environment, it is easier than ever to make quick offers using electronic software. While you will be required to send signed paper copies via overnight mail, an e-offer will at least expedite and move the deal forward.
10. Take care of your existing home first
Be sure to close on your existing home if you are relocating, this will prevent any last-minute headaches. Out-of-state deals may fall through if they’re scheduled on the same day as your existing home - so plan to close ahead of time.
Keep these tips in mind when purchasing a home in a new area or out of state, and give me a call if you would like representation in Sarasota, Florida and the surrounding region. I have successfully worked with numerous out-of-state buyers to secure their ideal Florida home!
You can contact me directly at (941) 300-1441, or by email at marcogrealestate@gmail.com.