Let’s face it – buying any real estate can be pretty stressful. There is a lot you will need to know about the property – especially if you want to live in it! However, buying a home in Ohio remotely can be quite a nightmare. After all, how can you buy yourself a house without knowing anything about the surrounding area? What do you know of the neighborhood it sits in? What about the school districts, or the local or Ohio laws? However, there are many things that can help you with making this decision. Let us take a deeper look into what they are!
Consider your reasons for buying a home in Ohio remotely
There are many reasons why one would buy a house long distance. However, just as they differ, so will your needs when buying a property in the state. Depending on what you need to do with it, you will need to look into different houses and their locations. Knowing what these reasons are – and thus knowing what kind of a house you want – will help you find your perfect home faster.
First, you might be moving to Ohio. So, you will be looking for a house that you would want to live in. That will help with moving across the country with ease because it will build excitement. Also, this way, you will easily create a list of deal-breakers, as well as the things you expect your new home to have. However, there are still things you will want to consider here – and the location is a prime example. If you are moving to Ohio for work, you might want to find a house that will lower your commute time. Conversely, if you are moving with children, then getting into a good school district might be your priority.
Secondly, you might be a real estate investor – or want to dabble in investing in real estate. Then, you might want to find a house that you can flip. That’s when you will be looking for cheaper homes with great future value. The same goes for rental – you will want something that people will want to move to.
Finally, if you are looking for a vacation home, you might want to find a peaceful and quiet neighborhood where you can rest and enjoy spending your holidays. All of these reasons will create a different image of your perfect home – and will help your real estate agent find it for you!
Real estate agents will make buying a home in Ohio remotely easy!
Something that is essential in order to have a good experience purchasing a real estate property remotely is hiring a real estate agent. They are the best option because they have a lot of experience in this field. What’s more, good Ohio real estate agents know about both the values of the property as well as the local area, and will even help you navigate within Ohio laws!
However, there is a thing to note here. Finding the right agent can sometimes be hard. This is because you will usually find them thanks to a reference – and this can be hard when buying a home in Ohio remotely. This is why getting references from real estate agents is important. It will help you get a clear picture of who they are and help you find your perfect match.
Another thing you should look out for are the listing agents. They represent the sellers, and they will not work for your benefit. Instead, call buyer’s agents, who will negotiate on your behalf and never disclose your personal information to the buyers. They should also be neighborhood specialists and guide you through the process. Finally, they can recommend good movers to you – like bluebellmovingandstorage.com – which only serve to make the move even easier for you!
Share your wish list with the real estate agent
Once you have found the perfect real estate agent for you, it’s time to use the wish list you created. You will want to have a conversation about buying a home in Ohio remotely, what you want out of the experience and what your property should include. Make sure you thin out your list – keep only the essentials in. This way, you will make it easier for your real estate agent, and it will take a shorter time. The more things you want, the longer it will take for the agent to find the house that has all of those features.
There are two things that you need to include in the list, however. First is the necessities, like the size of the house and its location. You can also include the style of the house and the walk-in closets – things that you cannot change after buying it. The second is the deal-breakers we discussed. If you know what will put you off from buying a house, your real estate agent should know about it too.
Use the due diligence period right
Finally, once you have found the house and you are ready for closing the contract, it’s time to use the due diligence period. In Ohio, this is a period of 15 days in which you get to decide whether you want to go through with the purchase, or that buying a home remotely is just not for you. This is also the time you will want to review title documents and deed restrictions, as well as have a property inspection.
There are two costs that you should know about when buying a home in Ohio remotely connected to the due diligence period. First, you will have to pay a nonrefundable due diligence fee, which is usually between $500 and $2,000. This is a compensation for the seller – you are, after all, taking the house off the market for two weeks. You will also need to give an earnest money deposit – which can be around 2% or 3% of the purchase price.