When visiting your out-of-state market

Question

I visited Indiana a few days ago for my cousins graduation, and figured I might check out the area while I was there. I mostly drove around and looked at neighborhoods, but it felt like more of a pleasure ride than good research.

Next time when visiting a potential market, what should I make sure to do in-person while I have the chance?

Rene D. · Answer

If you are going to use a PM, I would set up meetings so that you can weed out those that don't align with your criteria.

Steve Kontos · Answer

@Shafi Noss

I totally agree with @Paul Choi

I would meet with two or three different real estate agents during your trip.  Each professional should have at least 15 years or more of experience in the area because I want to speak to those who have been in the game for a while and have extreme knowledge of where the area is going.  I only invest in areas where the local government/communities have good long term strategies in place.

Jim Watson · Answer

All good suggests. Before the visit, check market stats and local trends.

Paul Choi · Answer

Have a list of properties you want to see and walk. Make appt with agents and brokers so that you can get inside them.

Meet with an agent who can represent you.  Be qualified for a loan so you are ready to take action if/when you run into a great deal. Ask the agents if they have other properties you can visit while you are there.  Ask them if they have other listings that are not on the market or will be hitting the market next week or later and see if you can see those before anybody else.