By: Agnes A. Gaddis on Oct 26
Can you believe that it is possible to live in California today, make an offer on your dream home in Springfield, Missouri tomorrow, and close within a month? The prevalence of remote work and state-of-the-art real estate technology has made it easier than ever to search for homes without concern for geographical limits.
Millions of Americans now work remotely, far from corporate HQ, and sometimes from the flurry and fuss of city life. In fact, during the 2020 Covid-19 pandemic, one in five Americans moved or know someone who moved, especially from big cities. One of the primary reasons for this exodus was affordable housing. People relocated to suburbs and vacation hotspots in search of larger, less expensive homes as more companies became remote-work-friendly.
Buying a home in one state while living in another, whether it be for more affordable living, work reasons, or as a second home, might not be as straightforward as buying in your current state. It can be challenging to purchase in a place you are not familiar with- housing laws, walkability of the community, home maintenance concerns, etc. can be vastly different from one state to another. This article is a step-by-step guide to follow if you are considering buying out of state.
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