Relocating questions

[8ball]

Well guys, I've been in my current position for 9 years. I have no room for advancement and only receive yearly raises, but I love my job and am ok with that. Problem is, I found out that in two weeks a business plan is being presented to automate my job completely. Now this is not a definite, but I have no interest in any other jobs in my office and am exploring other options. It would either be take a huge pay cut (can't do that), or go on the phones full time and no way I'm doing that again.

I have the option of pursuing a job as an auto damage adjuster, but I would have to relocate, and am just confused on how to do this. I would have to do 4 weeks in VA, while my family stays here in NY. For this, my company puts me up in a hotel. After that, I go to my permanent location for an additional 8 weeks of field training before starting my position.

I currently have a mortgage here and would have to sell my house. I'm thinking that my family would stay here for the first four weeks and after that, rent an apartment and put my house on the market. Once the house sells, we can then start to look for a new house. I hate to move from a house to an apartment, but it's really the only option I can foresee. Am I on the right path here? I would obviously need a place to live and it took me at least 3 months to find my current house plus waiting for the closing.

I need to stay within about 5 hours of NY and am currently looking at the northern WV area. Thanks for any input

 

[ZippoGeek]

Sent you PM

 

[SeaGarr]

@8ball
I have moved... often. Not only from state to state or provence to provence, but from country to country.

I have found that generally speaking, one's natural inclination is seek out permanence in the new location. IE, buy a house and try hard to start a new life as fast as possible. This is especially true if you have kids.

I would recommend you fight that urge - as hard as you can.

Stability is a state of mind, and you can be stable in change. Embrace the change and by doing so - don't commit to anything but focusing on your new career and making sure you get your kid into the best school.

That is to say, rent for at least a year - in the best area you can afford so that your kid can get into a good school. A year or two will go by quickly - but even after that year, you will still be discovering a ton about where you have moved to, and if you want to stay. It's actually fun discovering a city for a year with the family knowing that you are plotting where you would like to live in it.

That said, if you hate it, or the job isn't for you - you will not have the house to contend with. But if you do stay, and can't afford to live in that hood or don't want to, you can still buy elsewhere but ideally keep your kid in that school district.

I wish I had rented in the majority of places I moved to - It would have been WAY better for me and my family - but I often times settled on trying to provide a faux security to the family buy buying homes and the like - which ultimately became more stressful when we ultimately decided we didn't like where we were.

Hope that makes sense or helps. Best of luck! Change is good! Change is living, to me anyway. Don't try to settle to quickly is my advise.

 

[8ball]

Sent you PM

Thanks, man.

@8ball
I have moved... often. Not only from state to state or provence to provence, but from country to country.

I have found that generally speaking, one's natural inclination is seek out permanence in the new location. IE, buy a house and try hard to start a new life as fast as possible. This is especially true if you have kids.

I would recommend you fight that urge - as hard as you can.

Stability is a state of mind, and you can be stable in change. Embrace the change and by doing so - don't commit to anything but focusing on your new career and making sure you get your kid into the best school.

That is to say, rent for at least a year - in the best area you can afford so that your kid can get into a good school. A year or two will go by quickly - but even after that year, you will still be discovering a ton about where you have moved to, and if you want to stay. It's actually fun discovering a city for a year with the family knowing that you are plotting where you would like to live in it.

That said, if you hate it, or the job isn't for you - you will not have the house to contend with. But if you do stay, and can't afford to live in that hood or don't want to, you can still buy elsewhere but ideally keep your kid in that school district.

I wish I had rented in the majority of places I moved to - It would have been WAY better for me and my family - but I often times settled on trying to provide a faux security to the family buy buying homes and the like - which ultimately became more stressful when we ultimately decided we didn't like where we were.

Hope that makes sense or helps. Best of luck! Change is good! Change is living, to me anyway. Don't try to settle to quickly is my advise.

Thank you, brother. This is really good advice. Some of the school districts down there are rated 8 and up by greatschools, and it is really important for me to get my kids in a good school. Your also right about the job/location and possibly not liking it. Would also probably be easier with selling my house and banking the equity that I get and take our time with finding a new home.

 

[SeaGarr]

Thanks, man.



Thank you, brother. This is really good advice. Some of the school districts down there are rated 8 and up by greatschools, and it is really important for me to get my kids in a good school. Your also right about the job/location and possibly not liking it. Would also probably be easier with selling my house and banking the equity that I get and take our time with finding a new home.

Thanks.

Yeah - just make sure you are getting at least 3% on your equity to keep up with inflation or you are losing money.

 

[Tim H]

No real advice other than to wish you good luck which ever path you choose.

 

[THEMISCHMAN]

It might have been said already but depending on what the rental situation and what things rent for in your area you could have a property management company rent the house for you. If the rent will cover your mortgage you can still list it and not have to worry about two payments at your next location.

 

[8ball]

It might have been said already but depending on what the rental situation and what things rent for in your area you could have a property management company rent the house for you. If the rent will cover your mortgage you can still list it and not have to worry about two payments at your next location.

hmmm. Never thought of that. Thanks.

 

[SmokinNukie]

Depends on your company's relocation policy. More and more, selling your home is on you. However some offer closing cost assistance when buying a home. My company has a 12 month sunset on relocation benefits, so if you don't but within 12 months of moving you lose the closing cost assistance on a home purchase at your new location.

 

[THEMISCHMAN]

hmmm. Never thought of that. Thanks.

It might have been said already but depending on what the rental situation and what things rent for in your area you could have a property management company rent the house for you. If the rent will cover your mortgage you can still list it and not have to worry about two payments at your next location.

A lot of military people do this so there should be no reason you couldn't either. My best advice would be find a real estate agent that does property management that is trustworthy and reputable. If I was in your shoes it would be something I would look into.

 

[8ball]

Yup, my dad was a military man, lived in Vietnam, New Jersey, Mass and NY. I wanted to do the same but had/have medical issues, but always wanted to pick up and start a new challenge. Stressful, but refreshing. The position I'm thinking of is in Morgantown VA and the job post has been up for a year and a half so I actually have some bargaining room with salary.

 

[WNYTONY]

Best of luck brother. You may get lucky and find a house you can rent while waiting to close so you don't move twice. Don't know what the market is like down there, but there are vacant houses for sale everywhere. Maybe someone in WV has the same situation and is exiting as you are coming in.

 

[Cigary43]

@8ball
I have moved... often. Not only from state to state or provence to provence, but from country to country.

I have found that generally speaking, one's natural inclination is seek out permanence in the new location. IE, buy a house and try hard to start a new life as fast as possible. This is especially true if you have kids.

I would recommend you fight that urge - as hard as you can.

Stability is a state of mind, and you can be stable in change. Embrace the change and by doing so - don't commit to anything but focusing on your new career and making sure you get your kid into the best school.

That is to say, rent for at least a year - in the best area you can afford so that your kid can get into a good school. A year or two will go by quickly - but even after that year, you will still be discovering a ton about where you have moved to, and if you want to stay. It's actually fun discovering a city for a year with the family knowing that you are plotting where you would like to live in it.

That said, if you hate it, or the job isn't for you - you will not have the house to contend with. But if you do stay, and can't afford to live in that hood or don't want to, you can still buy elsewhere but ideally keep your kid in that school district.

I wish I had rented in the majority of places I moved to - It would have been WAY better for me and my family - but I often times settled on trying to provide a faux security to the family buy buying homes and the like - which ultimately became more stressful when we ultimately decided we didn't like where we were.

Hope that makes sense or helps. Best of luck! Change is good! Change is living, to me anyway. Don't try to settle to quickly is my advise.

This is the best advice you're going to get and it's pretty factual. When I was in my career I moved a few times and trying to buy something right away is not the best laid plans of mice or men....renting is not a bad idea because life can be and is most of the time an uphill battle. Your state of mind is important....houses come and go....being able to adapt to given situations in life is what is important as you will see as you get older. As you get to the end of your life what is important is what you gave to those who were important in your life.