You can save tons of money if you consider "Foreclosures & Short Sales" when you search for your new home. A friend moved from LA to Atlanta and paid $450k for a $925K new movein ready home. My wife and I did the same we saved a boat load of money on a "Short Sale" it took less than 30 days to complete the process and close on the property. Not 4-5 months or even 6 months if a all as many broker/agents say. We bought a Water Front , new construction home with all the bells & whistles on Lake Wylie. The bank in a short sale will accept less than what is owed on the mortgage in this deal the bank accepted $325,000 less than what was owed on the $875k mortgage appraised at $940k. I call that a boatload of money when you can save $325,000 on a new home purchase.
Many brokers/agents don't want to help buyers with "Short Sales" they say it's just too much work. It is a lot of work for the agent but in the end you could be in your dream house with big savings to do other things like buy a boat..
Best of Luck,
Certified Short Sale Specialist