Tips on Buying Property in another State

The Property Pod

Looking to relocate and or invest in another part of our beautiful country? It can seem like quite a daunting task to go househunting out of your local area or in another state; This week on the Podcast the team answered a few questions on what to do when looking for property in another state.

1. Research the Area: Investigate the neighbourhood thoroughly. Consider factors like schools, amenities, and proximity to work.
2. Local Regulations: Understand the state-specific real estate regulations, taxes, and any unique considerations.
3. Local Real Estate Agents: Engage with local real estate agents who have a deep understanding of the area. They can provide valuable insights.
4. Zoom-Style Inspections: Yes, many real estate agents offer virtual inspections, including Zoom-style tours. You can ask your agent to arrange these.
5. Questions to Ask: During inspections, consider asking questions such as:
   • What is the crime rate in the area?
   • Are there any upcoming developments that might affect the property value?
   • What are the local schools' ratings?
   • How is the commute to essential places like work or grocery stores?