Help! Need advice on relocating to another state

Asked by Cynthia, Rock Falls, IL Wed Jun 30, 2010

My husband and I have two children and currently live in Rock Falls, Illinois. We are discussing the possible relocation of our family to the St. Petersburg/Tampa, Florida area. We do not know anyone in the area :( We currently rent and are interested in purchasing our very first home. Since we are first-time home buyers, we obviously have no clue what we are doing. Should we buy a home here first, build equity, then relocate?!? Should we relocate, establish ourselves by renting, then buy?!? Please help!

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3
Gary Geer, Agent, Antioch, IL
Wed Jun 30, 2010
Cynthia,
Renting for a while may be your best decision. This gives you a chance to see how things go before you make the commitment to buy. I wish you and your family all the best...

Gary Geer
RE/MAX Grand
http://www.GaryGeer.com
1 vote
Bill Eckler, Agent, Venice, FL
Wed Jun 30, 2010
Cynthia,

Southwest Florida is a great destination, BUT............

Our recommendation is to continue doing what it is that you began by doing this post on Trulia....and that is collecting information. Much can be learned via the literature and the internet without needing to be physically in the target location. But at some point it would be helpful to plan a family visit for the purpose of expanding your information gathering to one of making sense of what you have been reading about from a distance.

Renting for a short period, until you become comfortable with your options, makes a great deal of sense. Remaining where you are and purchasing for the purpose of creating equity may be a difficult chore during a time when home values are heading in the opposite direction.

We do not recommend doing anything until you have explored the job market and are certain you have available a legitimate means of income to support your family and future plans.

In review, learn as much about the Tampa area as you can from your northern home before taking a planned visit for the purpose of gathering advanced information to support your final decision. Remember, the best decisions are those that are well thought out........

Best wishes,

Bill
1 vote
djennifer009, , Salt Lake City, UT
Wed May 6, 2015
It sounds like renting for a time is the best option. That way you'll have a better idea of the area you want to purchase a home in. As for tips about the move, I'd say go for it. And make sure you find an out-of-state mover, not just a local one. http://www.movewithunited.com/moving.html
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