Archive for the 'Plan Your Relocation' Category
Today we take a look at Austin real estate blogs.
Known as an artists’ enclave, Austin is a diverse mix of university professors, students, artists, musicians and high-tech workers. The University of Texas is located in the city, but that is not what Austin is best known for. The official slogan of the town is “The Live Music Capital of the World,” and it is a fitting title. The city hosts the wildly popular SXSW Festival. One of the largest music festivals in the United States, SXSW sports more than 1,400 performers playing in more than 80 venues in Austin during four days in March.
In recent years, many in Austin have also adopted the unofficial slogan “Keep Austin Weird,” which refers to the eclectic and liberal lifestyle of many residents, as well as the unofficial campaign to preserve local businesses and resist excessive corporatization. Despite, or maybe because of efforts to keep Austin’s small-town character, real estate is booming. Moving companies are busy in the city and you can see moving trucks trundling along the streets daily.
As with our past real estate blogs, we were looking for sites that allow visitors who are thinking about moving to the city to view real estate offerings and get great real estate advice, while also exploring neighborhoods through local information, such as restaurants listings, the price of utilities and even lists of the best doctors, dentists and veterinarians in town.
So without further ado:
Realtor Eric Bramlett, owner and blogger on Ericbramlett.com, gives those interested in the Austin market some real insight with lots of local real estate news, property listings, information on green building and a very lively comments section.
The website and blog are linked to Bramlett’s One Source Realty (he is co-owner). He has been licensed to sell real estate since 2003 and his experience has given him great knowledge of the city. Green building is huge in Austin and Bramlett is all over it, so if saving the planet is your passion, be sure to visit this blog.
The Sky Realty blog features posts from several of their agents, each explaining what properties they are working with and where they see the market going. You can get some really valuable advice from these veterans.
AroundAustin.com covers almost everything that is going on in the city, not just real estate. Here, you can catch up on restaurant news, great shopping, art fairs, charity events, current affairs and of course, the latest real estate news. With the linked Twitter feed, this blog is really connected to the people of Austin.
Austin Real Estate Eye Blog is run by Ryan Kucera, who updates his readers on the real estate market and the local happenings in the neighborhoods of Austin Balconies and Spicewood. During a visit to this blog you can learn where to get free mulch (seriously), perform a home search and get hard numbers on exactly how much the two neighborhoods have grown in the last couple of years.
The Real Deal, run by local newspaper The Statesman, gives real buzz on private and public real estate deals from all over town. This is the place to go if you are looking to buy a home, or see what shop is opening in that vacant spot downtown. The site specializes in business, commercial, restaurant, hotel and downtown real estate news.
Austin Real Estate Guy blog publishes information on current real estate market conditions in the Austin area, and developments that will affect the market in the future. Blogger Sam Chapman is also a real estate agent with Private Label Reality and posts real estate stories heard around town, personal observations and opinions.
In addition to real estate listings, Discovery Austin offers valuable information to visitors and those new to town. Lists of restaurants, watering holes, places to shop and even who is playing SXSW this year are all at your fingertips.
Austin Texas Real Estate Blog is run by Roselind Hejl, a realtor with Coldwell Banker United. The “About Austin” tab, located on the homepage, has great information for those of you who are looking for more information on the city. Spend some time going through details on neighborhoods, schools, Austin lifestyle and government services, just to name a few.
If you have any Austin real estate blogs that you love, send them to us so we can take a look and possibly include them in a future post.
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We’re back with part two of our Washington D.C. real estate blogs listing.
As with our first post, we searched for sites that catered to visitors looking to relocate to the city, as well as those just wanting to take a peek and get a feel for what’s happening.
These blogs allow a person to explore neighborhoods, view real estate offerings, see the price of utilities and even find a dentist.
So, on to the rest of the list:
Capitol Homes is written by Pat Kennedy, a realtor of 27 years and author of The Irreverent Guide to Real Estate: Buying, Selling and Making Money. This is the place to go for some sound real estate advice, whether buying in D.C. or not.
Kennedy is also a connected source of information when it comes to D.C. real estate trends.
Greater, Greater Washington was created by David Alpert, a man devoted to improving the vitality of Washington, D.C. and walkable neighborhoods in Alexandria, Arlington, Bethesda, College Park, Rockville, Silver Spring and Tysons Corner.
This blog is loaded with insightful information that will take someone who has never been to D.C. on a virtual tour, neighborhood by neighborhood.
Weichert realtor Dewita Soeharjono is behind the Urban Trekker Blog, a good place to find real estate news and trends. The regular Real Estate News Roundups compile links to interesting R.E. news pieces from across the country.
Prince of Petworth was created by Dan Silverman in November 2006 and has since been quoted by a variety of trusted news sources, including The New York Times, the Washington Post and Financial Times.
The blog does a great job of chronicling the happenings in Washington D.C.’s neighborhoods with a particular focus on Petworth, Columbia Heights, Park View, Pleasant Plains, U Street, Mt. Pleasant, Logan Circle, Shaw, Adams Morgan, Dupont Circle, Cleveland Park, Woodley Park, Georgetown, Chinatown/Penn Quarter, H Street, NE and Capitol Hill.
In addition to real estate news and listings, you can find in-depth information on neighborhood happenings, restaurant information and great photos. Best though is the bustling comments section, which gives you a great lay of the land as to who is thinking what in Capitol City.
RealAstute, run by realtors Kevin Shirley and Michael Dillon from Long & Foster real estate, blog about their lives as realtors with hilarious RealtorRant posts, and give readers really valuable information in the Feeling Nosy posts. Perfect for those of you who do not plan on moving this very second, but are still interested in poking around various neighborhoods. The posts also contain lots of current listings that have just come on the market.
So, that’s what we have. If you have any Washington D.C. real estate blogs that you love, send them to us so we can take a look and possibly include them in a future post.
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Looking for a new job – particularly when you don’t have a current job – is not a lot of fun.
Fortunately, there is a way to lessen the pain a bit, at least financially.
As you continue your job search, you are able to deduct certain job-hunting expenses. Most people know that they can deduct moving expenses for moving; I bet few realize they can also deduct these sorts of expenses.
1. Who Qualifies
If you’re a banker and wanna be a baker, you’re out of luck. The IRS only allows deductions for job searches related to finding a job in one’s current or previous occupation. It’s the nature of the job that matters; if you’re a journalist (ahem) who worked at a newspaper and now are looking at online opportunities, that’d qualify. However, looking at a marketing position would not.
It also doesn’t matter if you’re working a part-time position in another field while looking for full-time work in your chosen field; this is likely grounds for deducting job-hunting expenses.
However, you can’t deduct expenses if you’re looking at a job after graduating college (it’s considered a new occupation), or you’ve had a long period of time off for things like travel.
2. Expenses That Qualify
Some things you can write off:
* Headhunter or employment agent fees
* Travel expenses for interviewing, which includes 50% of meals while out of town. This includes airfare and lodging, but the primary reason for the trip MUST be job-hunting.
* Any expenses to do with resume preparation – a professional to help prepare them, paper costs, and postage costs.
* Driving expenses for interviews and such get the standard IRS business mileage allowance of 55 cents per mile.
* If you’re researching starting a business, that’s also an allowable deduction.
Some things you can’t deduct: Anything you might normally pay for if you weren’t searching for a job, like any personal health expenses (haircuts), or Internet or cellphone costs.
3. To get the deduction
You have to itemize the expenses as ‘miscellaneous itemized deductions.’ And these expenses (which also include other expenses like investment expenses and tax preparation services) must exceed 2% of your adjusted gross income.
In other words, you need a pretty significant amount of job hunting expenses to qualify. However, if you’ve been out of work for awhile, you might meet it because your income is lower than usual. Also, the first $2,400 of unemployment compensation benefits received in 2009 is not included in your AGI.
For more information, talk to your accountant or talk to the IRS.
Related Stories:
What Moving Expenses You Can Deduct
Negotiate a Relocation Package
Being transferred for work, or just accepted a new job in a new town?
Take some negotiating tips from a Microsoft executive who scored a pretty sweet relocation package.
Microsoft business division president Stephen Elop got a cool $4.1 million in relocation expenses for the fiscal year ended June 30. It included the usual goodies (movers, etc.), but also the sweetener that the company would take his Silicon Valley home off his hands if he couldn’t sell it himself.
Such relocation deals, while not uncommon, are becoming rare except for the upper echelons of management. It’s pretty clear why: In today’s housing market, corporations, relocation companies and moving companies that offer this service have lost of ton of money buying employee homes that have plummeted in value.
In fact, more and more employees are simply being handed a lump sum to handle their move, rather than having the company, or an outside firm, arrange it for them. Just too expensive.
And if you’re moving to take a new job, particularly if you don’t have a lot of negotiating power, you might be totally on your own for relocation costs. But depending on your situation — particularly if you don’t have a job currently — you might be completely fine with that.
But back to Microsoft’s Elop, who buy all measures did pretty well. Microsoft said it would buy Elop’s old house at a price equal to the average of three independent appraisals if he were unable to sell the home in a preset time.
If the average appraisal came in below what Elop originally paid and adjusted for home improvement projects, Microsoft agreed to pay the difference. He also was given a “tax gross up” – a reimbursement from Microsoft on any individual income stemming from the real estate sale.
Because the California real estate market tanked, Microsoft ended up owning Elop’s house, later selling it at a price “significantly below” the original purchase price. In addition to the $4.1 million in relocation expenses, the filing says he received a $1.2 million tax gross up.
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Isn’t youth all about taking risks?
Not if you’re the Wall Street Journal.
It recently consulted a group of demographic and relocation experts and compiled its list of magnet cities for youth, and most of the obvious candidates are there: New York, Washington, D.C., Austin and the rainy redoubts of Seattle and Portland.
‘Post-Recession Boomtowns,’ is how the Journal described them.
But it had a glaring oversight: ’stretch’ cities. Most of the list are the obvious and safe, with large populations and solid economies.
That probably helped exclude a lot of cities that might have qualified, like, for example, ANY city in the South, and just a couple in the Southwest.
The article notes that Naples, Florida had been listed as a popular relocation destination for youth earlier this decade, but that its pummeling in the economic crisis helped keep it off the list.
Same probably goes for any city in Florida, as well as most large cities in California.
However, isn’t the very pummeling of a city a reason for youths in particular to take a look, particularly as a ‘post-recession boomtown’? The Journal’s list seems to focus on cities that are doing well now, not that might do well in the future.
For example, Portland probably wouldn’t have made this list a decade ago — it was dirty, gritty and didn’t offer much economic opportunity.
But you might say that very reason it’s on the list now is that it attracted youth. That youth helped revitalize the downtown and made it a much more inviting place to live. Inevitably, that helped attracted businesses that wanted to tap into what’s now an enviable lifestyle for people of all ages.
So when you’re looking to move, also take a look at the cities that are in the dumps. You’ll find cheaper housing and a cheaper overall standard of living, and perhaps less competition for entry level jobs as your peers flock to the more popular cities.
And if you’re intent on being an entrepreneur, you’ll probably find local government that would love to give you some financial assistance.
Make your decision for moving based not entirely on how things look now, but how they might look in the future.
Here’s the top 10 (er, 11 - there were some ties that apparently couldn’t be decided by a coin flip).
1. Washington, D.C.: Thank God for the stimulus — what happens when that ends?
1. Seattle (tie): I hear it rains there.
3. New York City: Financial industry not as hard-hit as expected, but let’s wait to see what greater government regulation (or more accurately, enforcement) does to it.
4. Portland, Ore.: See Seattle
5. Austin, Texas: I imagine even Austin is getting tired of making everyone’s top 10 list (including our own Best Places for a Fresh Start).
6. San Jose, Calif.
7. Denver: If you can’t work, you can at least ski (if you can afford to ski).
8. Raleigh-Durham, N.C.: Another fave on the top cities lists.
9: Dallas: Buoyed by oil, it will continue to do well.
10: Chicago: You don’t see this on many lists, and I don’t know why — great econ and Olympics tie should help.
10: Boston: Also not a city you see much on these lists.
weeks ago I wrote how people who can’t sell their home are starting to mull renting it instead.
If you’re one of those on the opposite side of the equation — you want to rent a home — here’s a quick list of things to look for in a rental home. Even though you’re just renting, you’re still investing in a community, and there are some important things to consider:
• The quality of the neighborhood and area schools as well as school bus routes, schedules and stops. If you have kids, find out if their school schedule fits your own.
• Check crimes rates in the area, as well as the sex offender registry.
• Is the new place convenient for your work, and does it have ready access to services and businesses that you frequent?
Here’s what to check on the house itself:
• Who’s responsible for general maintenance and utility bills, you or the landlord?
• Can you get the landlord easily if there is an emergency? Some homeowners who rent are doing so because they are moving out of state. Check to see if that’s the case.
• Do a background check on the homeowner just as they’d do one on you, say experts — you’ll never know what secrets may be in their financial closet. You don’t want the house to get foreclosed on, leaving you having to find a new place. Make sure whoever you’re renting from is current on their mortgage — and looks set to stay current.
• Check for environmental hazards like lead paint, asbestos and mold, particularly older homes. Don’t assume that the landlord has done those checks for you. And don’t assume any defects you see in the house will be fixed in the months ahead — make the fixes a condition of your signing the lease.
• Go over the lease carefully, particularly the section about breaking your lease. Also, be sure to check out renters insurance — your landlord’s insurance won’t cover you for most things.
A recent survey we commissioned has found some optimism for the real estate and relocation biz: 50 percent of people who recently moved did so to improve their living situation, whether to move into a bigger home or move to a better neighborhood. It’s quite a change from a similar Relocation.com survey in March 2009, which found the recession played a much larger role in the relocation decision.
As the primary reason for moving, No. 1 on the list was to live in a bigger/better home (26 percent), followed by living in a better neighborhood or area (24 percent); to be closer to family/friends (12 percent); living in an area with a lower cost of living (9 percent); or a move that was sparked by a change in marital status (6 percent). Moving because of school, job loss, retirement or foreclosure each garnered 3 percent or less.
The change between the March and July surveys could indicate that consumer attitudes are shifting. With more people taking advantage of favorable real estate deals and falling rents, even as the recession continues to pinch most Americans, they suggest a boost in consumer confidence.
While finances still factor into relocation decisions, the survey indicates that fewer people were feeling the need to move due to job losses, foreclosures or downsizing to cut costs. The people who looked to improve their living situation were a mix of those buying a home or renting that were seeking to take advantage of lower rents and home prices to move smart.
Government incentives to buy a home, coupled with market forces lowering housing prices, have helped boost home sales in recent months.
The overall slowing of demand for housing has also produced lower rents in many major metropolitan areas, benefitting renters. Of the people who indicated they were looking to improve their housing situation in the survey, 54 percent were renters who moved into a new rental.
Nearly 42 percent were people buying a home or planning buy one: either renters who became homeowners (15 percent), homeowners who moved to a new home (16 percent), or homeowners who moved into a temporary rental as they continued their search for a home to buy (11 percent).
A similar survey in March found that people were more likely to list symptoms of the economic downturn as reasons for their move: 41 percent said that the recession had a moderate to strong influence on their decision to relocate.
Family reasons also played a larger role in the earlier survey: 23 percent said their primary motivation was moving closer to family or friends, while 13 percent cited looking for work or starting a new job. Only 14 percent listed moving to a bigger home or moving to a better neighborhood as a reason for their move.
This is a question and answer with Barb Brady, a life transition specialist. Click here to see Part 1.
Q: When people relocate, what is the biggest factor they overlook or misjudge in what will make them happy at their new place?
A: Not looking at the move holistically and how it will affect all areas of life, including friendships, finances, community, etc. Be clear about your most important criteria (the non-negotiables) and have a plan to make sure these are met. If someone moves for a new job, they may overlook the importance of their current connections are – e.g. family and friends – especially if they find it challenging making friends in their new place.
I’ve seen folks move to Asheville, NC because they love the city and mountains, then they can’t find work and end up suffering financially.
Years ago, when living in Massachusetts, I almost transferred with my then employer to San Diego, thinking climate was my most important criteria (as it was 10 years earlier). On a pre-move trip I realized that community was now most important to me, and this job would have been very isolating. I didn’t move.
Q: What’s the best way to explain to your family and friends that you’re leaving the area?
The key is, don’t tell your family and friends you are leaving until you feel at peace with and confident about your decision. Until then, talk out your thoughts only with supportive people who are not attached to whatever choice you make, but truly care about your well-being and will encourage you to listen to your inner voice.
Once you’re at peace with the decision to move, tell your family and friends. Focus on the positive aspects of the new place and your feeling “that it’s right.”
No one can argue with a gut feeling. Friends and family may take your leaving as a personal rejection. Avoid saying anything that’s personally negative about your current location, such as “I don’t like the people here.”
Talk in terms of preferences. “I really feel more energized in a warmer (sunnier, drier, etc) climate.” Let them know how important they are to you. Make a plan for visits and staying in contact – will you call each week? Daily? Use Skype or email? How often will you visit each other?
If you are not sure about the longevity of this move, let them know that too. “I’m treating this as a one year experiment, and if I like it, I’ll stay longer.”
Q: Fewer people are moving nowadays. Why do you think that is, and what does it mean for the future?
A: Uncertainty about the economy, job losses, foreclosures and difficulty selling homes have all contributed to more people staying put. There have been news reports recently that migrations to the Sunbelt and more remote suburban areas are slowing, while the exodus from major cities is slowing as well.
Factors contributing to this include more economic opportunities and shorter commutes in major urban areas. I think this will remain the same in the near future. In the distant future, I think more people will be re-assessing their values and priorities, weighing lifestyle and relationship factors more heavily in their decision on where to live than job opportunities that may not be here tomorrow.
“New urban centers” may emerge - smaller cities created on the village concept where people live, work, shop and gather in community. There are many such places in Europe and elsewhere – harder to find outside major cities in the U.S. due to the advent of the automobile, investment in highways verses railroads and the proliferation of sprawling suburbs.
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Even though fewer people are actually moving these days, studies show that people WANT to move because they just don’t like where they live.
There’s just this teensy weensy thing that gets in the way: a job.
However, taking that leap of faith can be a rewarding, fruitful risk.
I recently spoke about this subject with Barb Brady, a life transition coach who helps people figure out where they should live. She’s the author of Make the Right Move Now: Your Personal Relocation Guide
Q: Relocating without a job is a scary thing, particularly in today’s economy. Can moving just for the sake of moving and living somewhere new be a good thing?
Yes, and no. It really comes down to your reasons for moving. For example, if you’re feeling ready for a change in location, and there’s a particular place that’s drawing you, and you think it’s feasible to make a living, then why not?
Make sure you have enough money to sustain you for at least 3 months while finding work. Imagine the best and worst case scenarios with your move. Have a back-up plan for the worst case. You may want to rent out your current home initially instead of selling.
But if you are unhappy in your life and location is just a part of that, first address and deal with the other source(s) of your unhappiness. It could be that your location is fine, but your living situation, job, and/or relationship (with another or yourself) is not.
Get clear on what the real issues are, fix those, then make sure you’re going toward something you want, not just running away from something you hate.
Q: How can one separate a genuine desire for a new life and challenges, vs. just a ‘grass is greener’ mentality?
In addition to my response to Q1, two more exercises can help:
1: Get clear on the gaps between what you ideally want in your life and what you’re currently living. Set aside an hour when you’ll be undisturbed. Put on some music. Write a description of your ideal day and week, from the time you rise until you go to sleep at night.
Be specific – what are you seeing, feeling, hearing, smelling, touching and tasting throughout your day? Whether you’re working or not, what does that look like? Where are you? What are you doing? Who are you with? How are you interacting? etc.
This vision needs to excite you!
Now compare your current life with your vision. What part of this vision are you already living? What needs to be tweaked or changed? Can this be done where you live now? If so, how? If not, what would your new location need to be like?
2. Do a gut check. Imagine it’s tomorrow and you’ve just moved to your new location. How does that feel? What’s your body telling you? Is it tired or energized? Imagine how it feels in 3 months, 1 year, 3 years. Now do the same for your current location.
Which “feels” better?
Q: Let’s say you decide a move would be good for you on many levels, but you don’t know where — what are the 3 biggest factors in helping you make that decision?
A. Ethical and legal considerations - Is there anyone to whom you are ethically or legally committed? It could be a spouse, children, elderly parents or someone else. What criteria is needed to meet to fulfill your commitment to them, and give you peace of mind? For example, if you have elderly parents, it may mean staying on the same coast.
B. Your top 3-4 non-negotiables - (In my book there’s an exercise to help you get clear on what you want in 12 key life areas. For example “strong open-minded community”, “sunny, warm climate”, etc.) Research places that may meet these criteria. Get a map, and highlight potential areas. Tell people what you’re looking for and get input. Surf the internet and peruse books. Visit prospective places.
C. Gut check – The most important! When it’s the right place for you right now, you will experience any or all of the following: relief, lightness, expansiveness, more energy, peace, smiling, excitement.
Click here to see Part 2.
Even if you’re happy where you’re living now, the current economic recession should force you to think about where you choose to call home.
Why?
Because history shows that major upheavals in our country spark huge demographic and economic shifts.
The Depression in the 1930s sparked an exodus from rural states to large cities; the 1970s recession saw huge population shifts from the Northeast to the Southwest.
Many people who didn’t make these shifts ended up in a region that remained economically handicapped for years.
So what areas of our country will be the winners — and losers — a decade from now?
If you work in real estate – or if you just care intently about your own personal financial well-being — you should be asking yourself that question.
I read an interesting theory in a recent edition of Atlantic Monthly. The author, Richard Florida, argues that many part of the U.S. have been stunted economically because of their overrealiance on ‘false’ drivers of growth — in particular, Southwest cities like Phoenix and Las Vegas.
“Although these places drew tourists, retirees, and some industry — firms seeking bigger footprints at lower costs — much of the cities’ development came from, well, development itself,” he writes.
Florida argues that these areas will be feeling the hangover effects for years.
”At a minimum, these places will take a long, long time to regain the ground they’ve recently lost in local wealth and housing values. It’s not unthinkable that some of them could be in for an extended period of further decline.”
Which areas will thrive?
Florida makes the case for population density as a driver of growth. Having people living in ’close proximity,’ Florida argues, tends to generate more ideas, which get formulated into business plans and help spark economic activity.
This self-regenerating creativity feeds on itself, particularly in an economy that depends more on information than manufacturing things.
“[The economy] depends on generating and transporting ideas. The places that thrive today are those with the highest velocity of ideas, the highest density of talented and creative people, the highest rate of metabolism. Velocity and density are not words that many people use when describing the suburbs. The economy is driven by key urban areas; a different geography is required.”
The result of all this? The big — and dense — cities like New York and Chicago will maintain their economic vitality. Cities characterized by suburban sprawl — and its attendent waste of resources — will suffer.
Where does your community fit in this sort of analysis? What communities do you see in the future that will help support you and your livelihood? Would it affect your moving or relocation decisions?
I know it will affect mine.
Tim Johnson — Relocation.com
