The Kris Lindahl Team at Edina Realty hates to see you leave our city but we understand circumstances sometimes arise that makes relocation necessary.
Our relocation experts are at the ready to assist you with all aspects of the move. In fact, we would be honored to be among the agents you interview to list your Blaine home.
Here are some things to consider while getting ready to sell your current home in Blaine and purchase your new home in your new city:
Be Careful with Your Money
The worse thing you can do as you enter the home buying process is to make large financial transactions or move your money from one account to another. In fact, financial experts say that you should not make any large purchases or move money three to six months before you apply for a mortgage. This keeps your credit profile from getting dinged, thus making it easier to get a loan.
Get Pre-approved for a Mortgage
Once you?ve decided to start looking at homes in your new city it?s a good idea to go in armed with a loan pre-approval letter. This lets the sellers know that you are serious about their home and that you can, indeed, come up with the money to purchase it.
Find a Real Estate Agent
Actually, if you are moving out of Minnesota you should have two agents: one to sell your current home and one to assist you in the purchase of your new home. We have a wide network of contacts and will be happy to refer you to an experience, professional real estate agent in the city to which you are moving.
Get the Home Ready to Sell
We suggest that you box up excess belongings and store them off-site. Your aim should be to depersonalize the house so that potential buyers can picture themselves living there. So family photos, diplomas, magazines, books, etc. should all be stored away while the home is on the market.
We also suggest that the house be impeccably clean. A dirty or messy house is one of the biggest buyer turn-offs. In fact, studies have shown that buyers are willing to pay more for a home that they perceive to be in move-in condition. So cleaning the home actually helps to sell it.
It is at this point that we come in and photograph the house for our marketing materials. The Kris Lindahl team relies heavily on internet marketing so we take lots of colorful photos.
By the way, because we utilize the latest online marketing techniques, your home is likely to be seen by more buyers than homes listed with other agents.
The Tricky Part
If you are hoping to close on your new house and the current house at the same time, you will need to find a title company that handles what is known as a ?simultaneous closing.? If you are moving out of state, a simultaneous close may not be possible.
Ensure that your agent in your new city makes your purchase contingent on the successful sale of your current home. That way, the clock slows in your favor and allows you time to sell the home. Be aware, sellers typically don?t find this contingency attractive and some may refuse it.
What then occurs is that when your current home sells, the funds are wired to the escrow company handling your purchase. This person will fax the HUD1 to your current lender and the purchase closes escrow.
As you can see, it?s a complicated process and requires the assistance of real estate agents familiar with it that can steer it to a successful conclusion.
Please don?t hesitate to call the experts on the Kris Lindahl Team at Edina Realty, Blaine.
Source: http://blainehomesforsale.net/relocation-blaine-mn/
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