Moving After Discharge: Things to Know ASAP

Compiled by guest “vloggers” Allison Parks and military veteran Kimberly McAleenan of Conscious Real Estate, this is the fourth installment of a monthly blog series for 2018, providing tips to the military/veteran home buyer. Contact Allison and Kimberly via the Conscious Real Estate website for additional information.

Are you leaving the military and hoping to buy a home? There are big differences in when you can use your benefits depending on the way you are exiting the service. As a Navy retiree, I know what to be aware of so you can maximize your benefits. Here are some things to think about.

Are you retiring or leaving from part-time or short-term service?

Retiring? You have any amount of time. But, if you are leaving part-time service or short-term service, you have one year to move. It’s a big difference. Something to note is that many home buyers can take six months or more to decide on the perfect place. So, if you do have one year, you’ll want to start doing some research and learning the details of VA loans and programs. (We can help!)

The military offers benefits for moving costs too.

Another cost of moving can be the actual move itself. If you are transporting furniture or vehicles, it can really add up. The military offers a few different programs for moving costs as a benefit to you upon leaving the military.

  • The military can move for you
  • They can move part of your stuff
  • Or, you can do a DITY (Do It Yourself) move where they give you 95% of what they would pay a government contractor to move.
    • Bonuses:
      • No weight limit
      • Gas paid
      • Vehicle shipping

Rates are calculated by the distance you move from your original duty station (yes, your very first one.)

So, clearly this can vary and knowing ahead of time can help with the costs of moving after discharge. Conscious Real Estate is an expert in working with active military, vets and those discharging from the military who want to make sure to get the most out of the move. And, we donate to good causes too. So, from every sale, the seller pays commission from the sale and we ask that you choose where to donate 10% of that amount. We’ve worked with so many great places and were able to make a direct difference. Learn more.

Moving after discharge is a step by step process.

If you are a first-time home buyer, you probably anticipate paperwork, looking at homes, making concessions, negotiating and waiting for your offer to come back. All these things are true, yet with your military status, you have so many benefits that you can tap into to smooth the process.

When you start, you’ll begin by getting your financials set up and learn all about VA loans. Next, you’ll discover the budget that works with what you want to pay mortgage-wise and what you qualify for. Then, the fun part when you get to daydream about the perfect home.

Bedrooms, bathrooms, neighborhoods, school districts and access to parks are all things to consider when you make your wish list. Next, your real estate agent will help you by narrowing to your best options while you conveniently browse from home. If you see something you like, responding the same day is the best choice since properties move quickly in the Denver area!

Your real estate agent then helps you through the paperwork process. Truly, as agents, we try to make it as simple as possible for you (think: e-sign docs, etc…). But, it is a process that having a guide is 100% necessary. And, going with an agency with a military background is always the smartest move if you have one too.

 

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