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We plan to find a job first, as I could not move down without employment. I too have heard it is hard to get a job unless you are there but many do find employment I think it depends on what you do, etc...
I know some people who have found jobs prior - I think it depends on what you do..
keep in mind that you won't be able to get a mortgage without a local job or a telecommuting agreement (they'll verify it).
obviously this is not a problem if you can buy the house outright.
What I will do is buy the house while im still working out of state. After its done being built I will work a few more months than make the move. I spoke with a lot of sales reps from new constructions and they said everyone was doing this.
We are from California - moving first and then finding a job. Selling our house here will enable us to either buy outright or have a small mortgage (though the house will be nothing fancy). My husband has some leads, but it's so difficult because employers would rather hire a local.
One problem - friends/family are shocked that anyone would move a family of 6 across the country without a job first. Also, I'm giving up my job as an attorney to stay home with the kids, which is another shocker for people. We've found that unless we walk around with our bank statements to show people we are financially capable of our plan, we have to listen to the constant questioning and open skepticism. Our solution - we've "dressed up the truth" (aka lied). We now say that Brent has a job pretty well lined up and that they are willing to wait for us to sell.
Overall, I'd say that coordinating this entire plan has been the most stressful part - good luck to you with however you move to NC. It will work out!!
[quote=Grass Is Greener]keep in mind that you won't be able to get a mortgage without a local job or a telecommuting agreement (they'll verify it).
I've been told the opposite. For instance, when working with Citi, they were willing to approve me for a mortgage, based on my current employment status, even though I was clear about now having employment lined up in NC.
[quote=connie]We are from California - moving first and then finding a job. Selling our house here will enable us to either buy outright or have a small mortgage (though the house will be nothing fancy). My husband has some leads, but it's so difficult because employers would rather hire a local.
One problem - friends/family are shocked that anyone would move a family of 6 across the country without a job first. Also, I'm giving up my job as an attorney to stay home with the kids, which is another shocker for people.
Connie,
Good luck to you and your family! Sounds exciting. How wonderful for you to be able to make this lifestyle change. I often wish that I could be a SAHM.
I have been told by a realtor there in Raleigh that there are three criteria upon which lenders base their decisions: stellar credit history, employment status and evidence of financial resources. It is not necessary to have all three but you must have two of the three. Obviously retirees will not have employment status but with really good credit worthiness and "money in the bank" it shouldn't be a problem. For younger families, having any other combination of the three requirements should ensure being able to obtain a mortgage.
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moving first
