Relocating to somewhere new is an exciting adventure! To ensure a smooth transition, consider these factors before starting the relocation process:
Decide Where to Move:
The first, and the most crucial step, of the relocation process is finding where you want to move. According to Ramsey Relocation, you should use a cost-of-living calculator to research locations you want, and realistically could afford to live. Furthermore, determine the type of area you are looking for to ensure it aligns with your lifestyle. Read our blog on How to Find a Family-Friendly Neighborhood for tips on finding the right home and location for you!
Find a New Job
If you have not found a new job already, it’s important to have a source of income BEFORE relocating to ensure a smooth and successful transition. Research companies in the area and utilize employment websites such as Indeed, Glassdoor, and LinkedIn. Additionally, inquire about Relocation Packages with potential new employers to cut down on some of your out-of-pocket expenses.
P.S. if you’re looking for a career in the mortgage industry, we’re always looking for new talent. Learn more about DML’s career opportunities to see if Direct Mortgage Loans could be a fit for you!
Handle Your Housing
What does your housing situation look like? Will you need to sell your current home and purchase a new one OR are you a first-time homebuyer? To avoid paying two mortgages at the same time, you should sell your home before you buy your new home. Check out our blog on Staging Recommendations to Sell Your Home to help you appeal to potential buyers and get a higher return on your investment.
Selling your current home is just part of the process. Now it’s time to buy your new home. Whether you’re a first-time homebuyer or looking to purchase in a new location, there are many factors to consider. Check out our blog 7 Things to Prioritize When Purchasing a Home and our NEW Homebuyer Guide to learn more about the mortgage process!
- Plan Your Move: Preparing before the big day can alleviate some of the stress and anxiety of the moving process. Create a budget for moving costs so you can plan accordingly and prepare for any financial expenses from relocating. To make your move even easier, read our blogs on Moving Tips & Tricks and How to Make The Move Easier for Your Pets!
- Settling In: You made it through the move and are settling into your new home. Here are some important items to take care of sooner, rather than later.
- Check moved items for damage
- Update accounts with new address
- Update insurance policies
- Update license and vehicle tags
- Find a health care provider & mechanic
- Review your will
- Prepare for tax differences
Direct Mortgage Loans would be happy to help you with your mortgage needs during the relocation process. Contact a Loan Officers to learn about the variety of loans we have to offer!