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Old 05-06-2021, 05:55 PM
 
7,143 posts, read 9,943,209 times
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What's been your experience with buying a home in a new state? Clark Howard shares some tips.

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Old 05-06-2021, 10:54 PM
 
Location: Henderson, NV
7,019 posts, read 7,246,905 times
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Looked from afar and found a new development I liked because it was one of the few that had a floor plan that worked perfectly for us. I’m very picky about floor plans so maybe 1 in 500 will be a winner. The rest just don’t work. So I got very excited when I saw this, booked a ticket to visit a few days later, and then I signed paperwork with intent to purchase and made the deposit that same day I visited. Glad I did! All worked out well.
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Old 05-08-2021, 06:39 PM
 
864 posts, read 234,857 times
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I saw what I like online out 8n an offer and flew in to see it. I had 3 hours to withdraw my offer, I loved it. Best purchase ever.
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Old 05-09-2021, 06:53 AM
 
14,396 posts, read 7,298,963 times
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The few tips he gave are just basic common sense.
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Old 05-09-2021, 07:26 AM
 
Location: under the beautiful Carolina blue
20,551 posts, read 30,653,652 times
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Quote:
Originally Posted by marino760 View Post
The few tips he gave are just basic common sense.
As soon as I saw it was a news show item I stopped watching. They’re always so obvious.

As far as buying from afar in this market - my market - wouldn’t attempt it. When we bought 11 years ago we had plenty of time to mull over the houses we had seen, get an inspection, negotiate etc. And had family living here already.
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Old 05-09-2021, 10:55 AM
 
Location: Raleigh NC
22,531 posts, read 11,783,850 times
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rent first.

watch out for insurance cost (not likely > 0.2% of home cost)

watch out for property taxes. Cites Texas. Texas has a 0% property tax rate. Now, counties/municipalities within Texas have an average of 1.8%. Of course, Texas doesn't have income tax (an avg of 5-7% in the 41 states that have a wage/income tax).

Or, you could move to NJ, with a 10%+ top marginal income rate, and equivalent property taxes to TX.
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Old 05-10-2021, 04:38 PM
 
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Who in this country would buy a house and not know what the property taxes are going to be?
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Old 05-11-2021, 08:51 AM
 
Location: Phoenix, AZ
3,633 posts, read 1,907,060 times
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Quote:
Originally Posted by marino760 View Post
Who in this country would buy a house and not know what the property taxes are going to be?
The average American consumer would do that, and worse.

I see it every day on several legal forums. People write in about their legal problems that could have been avoided by using some common sense at the front end.

As for buying in a new state I agree with

Quote:
Originally Posted by BoBromhal View Post
rent first.
Rent for 6 months to a year. Get to know the town or city. Then buy.
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Old 05-12-2021, 10:13 PM
 
7,143 posts, read 9,943,209 times
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Quote:
Originally Posted by adjusterjack View Post
The average American consumer would do that, and worse.

I see it every day on several legal forums. People write in about their legal problems that could have been avoided by using some common sense at the front end.

As for buying in a new state I agree with



Rent for 6 months to a year. Get to know the town or city. Then buy.
Yeah people need to be careful assuming everyone else has the same experience/knowledge that they have. People saying just use common sense need to realize that common sense can be a byproduct of experience with something.
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Old 05-12-2021, 11:02 PM
 
Location: Sandy Eggo's North County
3,531 posts, read 1,313,658 times
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I've heard Clark Howard before. He always sounds like he's on the verge of laughing out loud.
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