Buying a house across the country

Post date: 2021-04-13 03:49:48

I'm planning to move from Michigan to the western US to live closer to my kids. The increases in real estate prices where they live are freaking me out, and I'm wondering whether it would be better to move my plans up and buy something there right away rather than renting for a while. Would love to hear from people who have done that.

I've got one kid in the Salt Lake City area and one in the Bay Area. The Bay Area itself is out of my price range, but Sacramento looks like a possibility, and there may be other small cities in northern California that would work (I'm trying to stay under $400K for a condo). I've been looking at real estate in both places for a while, and the prices seem to keep going up. Plus I don't know if people are paying way above the asking prices anyway. And I have to deal with selling my house, which is also pretty overwhelming. I had originally planned to wait until the COVID situation gets better, but I don't even know if that's a good idea anymore. My job is mobile, so that's not an issue.

I'd appreciate thoughts on moving and on real estate prices in general. And suggestions for any steps I can take now (call a real estate agent?).

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