KAMLOOPS REAL ESTATE
HOME BUYER'S GUIDE: RELOCATION MISTAKES
On the one hand, moving to a new city like Kamloops can be an exciting adventure. On the other, it could be a stressful time if things go wrong. This report explains the nine most common mistakes people make when they relocate. If you plan ahead, you'll avoid these pitfalls and ensure your move is handled smoothly!
1. Lack of Information on New Area
Contact the chamber of commerce, tourism department, municipality or library in your new community. Then compare salaries, cost of living, taxes and housing prices in the region. If you find there is not a whole lot of information, perhaps reconsider the area!
2. Current Home Not Priced and Ready for Showing
Before you sell your home, complete repairs. Often, it's the little things like chipped paint, worn caulking and sticky doors that potential buyers will notice. Have your home thoroughly cleaned, including carpets. After that, have a Comparative Market Analysis (CMA) completed by one or two REALTORs® to ensure a competitive price.
3. Not Planning for Temporary Housing Between Destinations
You may need to set up temporary housing arrangements until the closing of your new home. This could take from a few days even to a few months. If you need interim housing for a few days, perhaps staying in a hotel is the simplest solution. For housing longer than a month, you may want to consider an apartment with a short-term lease.
4. Not Being Pre-Approved
Sellers are usually eager to negotiate with someone who has immediate buying power. Ensure you're pre-approved for all financing that may occur during the home buying process.
5. Not Completing a Professional Home Inspection
This applies for both the home you are selling and the one you are buying, although who pays for the inspection (buyer or seller) is negotiable in each separate contract.
6. Not Properly Handling Children's Concerns
During relocation a child could feel lost, sad, angry or confused. Sometimes under the stress of completing so many tasks and details, the temptation is to get settled as quickly as possible so everyone feels at home sooner. Talk to your children during the process. They'll feel safe, cared for and comfortable. Acquaint your children with the new neighbourhood. If possible, have them meet new teachers and other children in their new school before moving. Try not to move in the middle of a school year.
7. Not Preparing Yourself for Culture Shock
Sometimes when people move from familiar surroundings to a new community, culture shock can manifest. Symptoms can range from headaches, stomach aches, impatience, sleep problems, to anger. These feelings are all normal and do pass over time. It may be helpful to incorporate the old with the new. This could include taking classes, joining clubs and pursuing activities you once enjoyed. On average, it can take about six to ten months for someone to feel “at home” in a new community.
8. Not Enlisting the Help of Local, Licensed Professionals
Every area is different. Understanding the communities that make up your destination city, a REALTOR® can find you a home that matches your needs. You'll save time and energy by having a professional with local insight do the work for you.
9. Not Reading Your Employer's Relocation Policies
Read your employer's relocation policies carefully for the amount of reimbursement. Keep good records and copies of your receipts, as moving expenses are deductible under certain conditions established by Revenue Canada.