First Day of Autumn


Even though it happens year after year, the arrival of autumn is always a little surprising. Almost as if on a switch, one day late in the summer you feel it – a subtle crispness in the air. And before you know it, it’s pumpkin-spice-everything everywhere. We are suddenly swathed in sweaters, wearing boots, and bombarded by shades of orange, often even before the thermometer warrants it. After slogging through a long hot August, it can feel exciting.

Making the transition to autumn is also a great way to reorganize after a hectic summer and be better prepared going into the winter months. To make the transition a little smoother, we have created a to-do-list of ideas to help.

Start with your bedroom

Gauzy cotton feels decidedly summer, while soft cashmere has a distinctly autumnal vibe. This time of year, feel free to use both luxe textures at once, but incorporate them in colors that are appropriate for the changing seasons: cream for cashmere, gray or stone for linen.

Pay attention to plants

As the season changes, so should your indoor greenery. Switch out those palm fronds or orchids for eucalyptus branches or hydrangeas in deep purple hues.

Winterize your car

Due for an inspection? Been meaning to get those tires changed? It’s tedious, but dealing with maintenance issues now instead of three months from now (when you’re stuck in a freak snowstorm) is definitely a smart move.

Perform a pantry audit

First, remove all the cans and boxes from the shelves and vacuum any lingering dust or crumbs. Then inspect each item before putting it back in its place, tossing anything that is expired or past its prime. If you are overloaded with canned goods, make a bag for the local food bank.

Sync your family calendars

Now that you’re not in the land of weeklong vacations, keeping track of everyone’s schedule can be tricky. Go old-school by using a chalkboard calendar and placing it in a high-traffic area, like your mudroom. Or go high-tech and download the app Cozi. This tool combines everyone’s calendar and even lets you set up a shared grocery list (so you’ll never forget to pick up milk from the store).

Don’t neglect the Fireplace

You may not be ready to think about it yet, but on the first chilly night you’ll be glad you did. Hire a professional to inspect the fireplace and chimney to make sure it’s clear and ready for use.

U.S. Government $10,000 Short Sale Incentive Expires December 30, 2016


The federal government’s Home Affordable Foreclosure Alternatives (HAFA) Program is set to expire December 30, 2016. The program pays homeowners $10,000 to complete a short sale rather than go through the foreclosure process.

Since the application deadline for HAFA is only a few months away, it is important for homeowners to apply as soon as possible. A real estate professional who specializes in short sales can help you find out if you qualify for HAFA. 


Here are some of the benefits of the HAFA program:

  • The HAFA incentive is $10,000 cash.
  • The money can be used however the seller sees fit.
  • The program applies not only to primary residences, but also to second homes, vacant properties, and rental properties.
  • Once you complete a HAFA short sale, there is a waiver of deficiency, meaning you are released from paying any remaining mortgage debt.


For people with underwater mortgages who need to sell their home, HAFA is a great opportunity to get a much-needed infusion of cash.  You can get more details about the HAFA program here.


Do you qualify for a short sale?

HAFA is only available to homeowners who do a short sale.  Although every situation is unique, the basic criteria for qualifying for a short sale are:

  • You need to sell your home.
  • You owe more on your mortgage than your home is worth.
  • You have a personal financial hardship that will prevent you from making future payments. (Examples of hardship include loss of job, divorce, death of a spouse and medical emergency or illness.)


Find out more about short sales.


It is critical that homeowners considering a short sale meet with a professional to review their options and discuss the potential legal and tax implications.



Richard Eastern is a Windermere broker in Bellevue, WA and co-founder of Washington Property Solutions, a short sales negotiating company. Since 2003 he has helped more than 1300 homeowners sell their homes. You can learn more about Richard here or at

Here’s Your Fall Home Maintenance Checklist:

Fall is an ideal time to tackle maintenance projects both inside and outside. Here are a few ideas to get you started:

Gutters top to bottom: Water in the wrong spots can do a lot of damage. Start by ensuring that gutters and downspouts are doing their job. (Don’t attempt this task yourself if you have a two-story house with a steep roof; hire a professional instead.) If your home is surrounded by deciduous trees you may need to clean out your gutters a few times a year, especially in the fall. Check to make sure your gutters are flush with the roof and attached securely, repairing any areas that sag or where the water collects and overflows. Clean out the gutters and downspouts, checking that outlet strainers are in good shape, and are firmly in place. Finally, check that your downspouts direct water away from your house, not straight along the foundation.

If you haven’t already, you may want to consider installing gutter guards. Gutter guards create a barrier so water can get through to your gutters, but debris cannot, limiting gutter buildup (and the time you spend cleaning out your gutters). There are DIY installation kits available or you can always hire a professional to install a gutter guard system.

If you have a sump pump under your house, now is a good time to test it. Run a hose to be sure draining water travels directly to the pump (dig small trenches if needed), and that the pump removes the water efficiently and expels it well away from the foundation. For more information about how sump pumps work go to

Check for leaks: The best opportunity to catch leaks is the first heavy rain after a long dry spell, when roofing materials are contracted. Check the underside of the roof, looking for moisture on joints or insulation. Mark any spots that you find and then hire a roofing specialist to repair these leaks. What you don’t want to do is wait for leaks to show up on your ceiling. By then, insulation and sheet rock have been damaged and you could have a mold problem too.

Don’t forget the basement. Check your foundation for cracks, erosion, plants growing inside, broken windows, and gaps in window and door weathering.  Make sure to properly seal any leaks while the weather is nice. This will ensure materials dry properly.

Pest Prevention: Rodents are determined and opportunistic, and they can do tremendous amounts of property damage (and endanger your family’s health). As temperatures cool, take measures to prevent roof rats and other critters from moving in. Branches that touch your house and overhang your roof are convenient on-ramps for invaders, so trip back branches so they’re at least four feet from the house. If you do hear scuttling overhead or discover rodent droppings in your attic, crawl space or basement, take immediate action. The website has several helpful articles on the topic.

Maintain your heating and cooling systems: Preventative maintenance is especially crucial for your home’s heating and air-conditioning systems. Fall is a smart time to have your systems checked and tuned up if necessary. Don’t wait for extreme temperatures to arrive, when service companies are slammed with emergency calls. Between tune-ups, keeps your system performing optimally by cleaning and/or replacing air filters as needed.

If you have a wood-burning fireplace, a professional inspection and cleaning will help prevent potentially lethal chimney fires and carbon monoxide poisoning. Even if you don’t use your fireplace often, always keep a supply of dry firewood or sawdust-composite logs so you have a backup heat source in an emergency.

Insulate & seal: Insulating your home is a cost-efficient investment, whether you’re trying to keep the interior warm in the winter or cool in the summer. Aside from more major improvements like energy-efficient windows and insulation, there are some quick fixes that do-it-yourselfers can tackle. If an exterior door doesn’t have a snug seal when closed, replace the weather stripping; self-adhesive foam stripping is much simpler to install than traditional vinyl stripping. If there is a gap under the door (which can happen over time as a house settles), you may need to realign the door and replace the vinyl door bottom and/or door sweep. Air also sneaks inside through electrical outlets and light switches on exterior walls. Dye-cut foam outlet seals placed behind the wall plates are a quick and inexpensive solution.


Great Design Element: Why Awnings Are Making a Comeback

Awnings are a valuable home design element that our grandparents knew all about. In the days before air conditioning, they were used to shade interiors and help keep homes cool. With the focus on sustainable design today, there’s renewed interest in the power of awnings. They block the sun from entering the house and warming it on hot days, and can be removed or retracted during the winter months when you’re craving light and warmth. Depending on the fabric you choose, they can also keep harmful UV rays from damaging your skin and fading your fabrics.


Awnings 1: Flagg Coastal Homes, original photo on Houzz


Window awnings can reduce solar heat gain in the summer by up to 65% on south-facing windows and 77% on west-facing windows, according to the U.S. Department of Energy. Besides all of that great money- and energy-saving function, awnings are an aesthetic asset. Colorful materials, stripes and scalloped edges are just a few of the options. Awnings bring softness, pattern, color and nostalgic charm to a home’s facade.

This photo shows awnings at work — you can see the shadows they create and how they’re protecting the interiors and the second-floor balcony area from the sun’s rays. Aesthetically, the stripes break up the white on the home — they are the home’s flirty false eyelashes.


Awnings 2: Christina Karras, original photo on Houzz


The retractable awning is curb appeal gold and transforms a space out front into a shady outdoor room. This style of retractable awning has poles that help support it, but there are other options that don’t require the added support.

Retractable awnings that don’t require support poles have retractable arms to support them. This provides a cleaner look. These can extend up to 14 feet.


Awnings 3: Exteriors by Chad Robert, original photo on Houzz


This style of awning, called a spear awning, adds to the style of the home. The decorative wrought iron rods have finials that pick up on the iron lantern and metal furniture frames on the patio.

These awnings are easily rolled up by hand when inclement weather is expected.(You will need to retract awnings when high winds are predicted. The awning company will let you know how many miles per hour their products can withstand.) There are also motorized versions on the market. Factors to consider when deciding whether to go hand-cranked or motorized include the ease of simply pushing a button versus the increased cost of the product, installation and maintenance.

“The motor is an upcharge and usually adds another $800 to the cost of the awning,” says Sandy Price of PYC Awnings. “The motor comes with a 12-foot cord and a plug, or you have an electrician hard-wire it for you.” (That cost is not included in the $800.) By the way, motorized awnings come with a hand crank in case the power goes out.


Awnings 4: Our Town Plans, original photo on Houzz


This roller shade protects those on the porch from the sun and wind. “It has a cable on each side that passes through rings at the bottom of the shade to keep it from flapping in the wind,” says Suzanne Stern of Our Town Plans. The shade has a crank for rolling it up and down by hand (which you can make out on the left side of this photo if you really squint).


Related: Patio Details: Awning-Covered Patio and Playhouse for a Shared Property


Stern also notes that this solution doesn’t change the look of the column and that the shade can be rolled all the way down below the railing.


Awnings 5: Becky Harris, original photo on Houzz


These valance awnings on a house on Florida’s Marco Island are more decorative than functional. They’re installed across extensive porches and tie into larger retractable awnings used in other spots on the home. “The customer used the Costa Track installation so they wouldn’t see any hardware and did a ceiling-mount installation,” Price says.


By Becky Harris, Houzz

Windermere and the Seahawks partner to #TackleHomelessness

What do Windermere Real Estate and the Seattle Seahawks have in common? We both got our start in Seattle in the 1970s. And we’re both organizations who believe in giving back to our community. So when presented with the opportunity to become the Official Real Estate Company of the Seattle Seahawks, we didn’t have to think twice.

At the center of this partnership with the Seahawks is a new #tacklehomelessness campaign in which the Windermere Foundation will donate $100 for every Seahawks home-game tackle during the 2016 season. And on the receiving end of these donations is YouthCare, a Seattle-based non-profit organization that has been providing services and support to homeless youth for more than 40 years.

In addition to raising money, the #tacklehomelessness campaign will also bring awareness to the very issue of homeless youth struggling in our community. We know the Seahawks are equally committed to this important cause.

Our partnership with the Seahawks and YouthCare fits perfectly with the mission of the Windermere Foundation which is to support low-income and homeless families in the communities where we have offices. Through the #tacklehomelessness campaign, we hope to be able to do even more.

You can follow our progress throughout the Seahawks season on our Facebook page at


Do You Have ‘Average’ Credit? If so, Getting a Mortgage May Be Tough

This article originally appeared on  


In the early 2000s, getting a mortgage was hardly difficult thanks in great part to lax lending standards.

This practice eventually led to a bubble forming in the nation’s housing market — which, as we all know, subsequently burst.

Since that time, the pendulum has swung the other way — to an extreme.

Today, lenders require nothing short of pristine credit to obtain a mortgage. We can never return to the reckless lending policies of the past, but I believe they’ve gone too far, and it concerns me.


What will your credit score get you?

I took a look at data produced by the Federal Reserve and was shocked by what I saw. Of the $426.6 billion in mortgage originations during the second quarter of this year, almost 62 percent went to households with a credit rating of 760 or higher.

Borrowers with a credit score in the range of 620 to 659, which many lenders view as below-prime credit, received just 6.3 percent of the dollar volume of mortgages in the second quarter.

Now, when we compare that with the same quarter of 2004, the group with 760-or-higher credit received 23.5 percent of the mortgages, and the 620-to-659 borrowers received 8 percent.

Although surveys say credit is loosening for some types of loans, standards are still far tighter than necessary.


Too risk-averse?

The data raises questions about whether regulators and banks have become too risk-averse. It’s also possible that borrowers without prime credit have just given up owning a home for now.

Figures from property-data provider CoreLogic show that home-purchase mortgage applications from borrowers with credit scores below 640 fell to 6 percent in 2015, from 29 percent in 2005. In other words, lower-rated borrowers aren’t even applying.

But why?

Rising home values might simply be putting property out of reach for a lot of lower-income people.

For example, prices in Seattle are up 55 percent from their 2012 post-crisis low, according to the Case-Shiller Index. Nationally, prices are up 35 percent from their 2012 low.

Higher prices require larger down payments and bigger mortgage payments, especially for borrowers with lower credit scores.

But equally as culpable as rising home prices are homeowners who went through a foreclosure between 2004 and 2015.

Of these 7 million homeowners, only 7.3 percent have obtained a mortgage again, and 69 percent still have a foreclosure on their credit score, thus precluding them from buying again.

The market is making it remarkably hard for many families to buy a home.

I would never suggest that we consider returning to the “old days” of sub-prime lending, but understanding that there are a large number of families who want to buy — and who meet acceptable standards for risk — should give lenders some pause for thought.


Matthew Gardner is the Chief Economist for Windermere Real Estate, the second largest regional real estate company in the nation. Matthew specializes in residential market analysis, commercial/industrial market analysis, financial analysis, and land use and regional economics. He is the former Principal of Gardner Economics, and has over 25 years of professional experience both in the U.S. and U.K.



Investing in Rental Property: The Risks, Rewards, and Benefits of Owning Rental Property


One area of the real estate market that is thriving right now is rental property.

All indications suggest that the rental market will continue to improve because of low vacancy rates and rising rents. In fact, the demand for rentals is predicted to far exceed supply through 2016, with 4.5 million new renters expected to enter the market in the next five years.

What to consider before buying a rental

Being a landlord has its challenges. The recession took a toll on rental prices for a few years and any future economic downturns could do the same. Once the job market returns to normal, there’s a strong possibility that more people will choose to move from rentals into homes of their own. And the demand for rental properties could become oversaturated at some point, resulting in an investment bubble of its own.

What’s more, while the income from a rental property can be significant, it can take at least five years before you’re making much more than what you need just to cover the mortgage and expenses. In other words, the return on your investment doesn’t happen overnight.

However, in the long run, if you select the right property, it could turn out to be one of your best investment decisions ever—especially since rental real estate provides more tax benefits than almost any other investment.

Tax deductions for the taking

One of the greatest things about owning rental properties is the fact that you’re able to deduct so many of the associated expenses, including a sizeable portion of your monthly mortgage payment.

The commissions and fees paid to obtain your mortgage are not deductable, but the mortgage interest you pay each month is, including any money you pay into an escrow account to cover taxes and insurance. Whatever your mortgage company reports as interest on your 1098 form at the end of each year can likely be deducted.

For example, you may be eligible to deduct credit card interest for goods and services used in a rental activity, repairs made to the building, travel related to your rental (local or long distance), expenses related to home office or workshop devoted to your rental, the wages of anyone you hire to work on the building, damages to your rental property, associated insurance premiums, and fees you pay for legal and professional services. However, as is the case with any transaction of this type, be sure to consult your attorney or accountant for detailed tax information.

What to look for

As with any real estate investment, the location of the property and its overall condition are both key. But with rental properties, there are some other, unique factors you’ll also want to consider.


Look for a building with separate utilities (water, electric, and gas, etc.) for each rental unit. This will make it far easier to legally charge for the fair use of what can be a very costly monthly expense.


If your property is one of the few rentals in the neighborhood, there will be less competition for interested renters.


Rentals that are near popular public transportation options and/or major freeways (without being so close that noise is an issue) are usually easier to rent—and demand more money.


Properties with small yards and fewer plantings are far easier and less expensive to manage.

Off-street parking

Not only is off-street parking a desirable feature (people with nice cars usually don’t like to park on the street), it’s also a requirement for rental properties in some communities.

How to start your search

Unlike homes, rental properties do not typically have a visible ‘for-sale’ sign standing out front (as landlords don’t want to irritate, bring attention to their current renters, or turn off any prospective renters). Therefore, if you are interested in a rental property, your best option is to schedule an appointment with your real estate agent/broker to discuss your investment goals and identify what opportunities currently exist in the market place. 

Raising money for those in need—one putt at a time.

Did you know that for the past 27 years, the Windermere Foundation has donated a portion of the proceeds from every home purchased or sold towards supporting low-income and homeless families in our communities? What started in 1989 as a grassroots foundation serving families in need in Washington State has grown to encompass eleven states and has raised over $30 million for programs and organizations that provide shelter, food, children’s programs, emergency assistance, and other services to those who need our help most.


In addition to those transaction donations, Windermere offices also hold fundraisers throughout the year to raise even more money for the Windermere Foundation. And one of the most popular fundraisers is a golf tournament, some of which have turned into an annual event.



Snohomish Golf Tournament

The 22nd Annual Windermere Golf Tournament at Legion Memorial Golf Course in Everett, Washington was held on July 20. Organized by the Snohomish County group of Windermere offices, this event had 124 golfers and raised $36,600. Proceeds of the golf tournament went to Housing Hope—specifically its ChildHope program. Housing Hope’s ChildHope Initiative is dedicated to helping homeless and low-income children achieve age-appropriate development, pursue their potential, and ultimately thrive in school and community.


Windermere Legends Golf Tournament

The annual Windermere Legends Golf Tournament took place on August 18 at the Golf Club at Newcastle in Newcastle, Washington. 120 golfers helped raise nearly $30,000, for a grand total of $500,000 raised since its inception. Proceeds benefit The Don Deasy Memorial Leadership 1000 Scholarship Fund, which each year awards scholarships to Quincy High School graduates who demonstrate high potential and financial need, and who have been accepted to the University of Washington.


Windermere Stellar Golf Tournament

Windermere Stellar’s seventh annual Golf Tournament was held on August 22 at the Columbia Edgewater Country Club in Portland, Oregon. Over 150 players and volunteers from Windermere Stellar offices and the local community participated in the event, which raised $53,630, for a grand total of nearly $225,000 since its inception. All proceeds benefit local non-profit organizations serving low-income women and children. One such organization is Friends of the Children, which has received over $200,000 since 2014 from Windermere Stellar offices via the Windermere Foundation.


Windermere Real Estate’s Chip in for Charity Golf Tournament

Windermere’s in-city Seattle-area offices will come together on October 3 at the Sand Point Country Club for their annual charity golf tournament. Around 120 golfers are expected to play this year to raise money for the Seattle Public School programs that serve low-income students. Last year, 23 teams from 11 Windermere Real Estate offices came out for golfing, a silent auction and dinner, and raised more than $20,000. They hope to raise even more at this year’s event.


Windermere Foundation Golf Classic

The 10th Annual Foundation Golf Classic will take place this year on October 17 at The Club At Prescott Lakes in Prescott, Arizona. The event will include breakfast, a silent auction, awards ceremony, raffle, and lunch. To register an individual or a team of four for the event, or to become a sponsor, please visit All net proceeds benefit the Windermere Foundation, which directly supports local charities that assist families and children in need in the greater Prescott area.


Thanks to fundraisers like these golf tournaments, as well as a variety of other fundraisers held by our offices throughout the year, the Windermere Foundation is able to continue to support non-profit organizations that provide services to low-income and homeless families throughout the Western U.S. 


If you’d like to help, please consider donating to the Windermere Foundation. To learn more about the Windermere Foundation, visit

Six Key Factors That Affect the Sales Price of Your Home


Pricing a home for sale is not nearly as simple as most people think. You can’t base the price on what the house down the street sold for. You can’t depend on tax assessments. Even automatic valuation methods (AVMs), while useful for a rough estimate of value, are unreliable for purposes of pricing a home for sale.

AVMs, like those used by Zillow and Eppraisal, have been used for many years by banks for appraisal purposes. They are derived from algorithms based on past sales. But producers of AVMs agree that they are not accurate indicators of home value. For example, states, “Our data sources may be incomplete or incorrect; also, we have not physically inspected a specific home. Remember, the Zestimate is a starting point and does not consider all the market intricacies that can determine the actual price a house will sell for. It is not an appraisal.”

So what does Zillow recommend sellers do instead? The same thing the real estate industry has been advising for decades: Ask a real estate agent who knows your neighborhood to provide you with a comparative market analysis. To accomplish that, I typically consider the following factors—plus others, depending on the house:



The location of your home will have the biggest impact on how much it can sell for. Identical homes located just blocks apart can fetch significantly different prices based on location-specific conditions unique to each, including: traffic, freeway-access, noise, crime, sun exposure, views, parking, neighboring homes, vacant lots, foreclosures, the number of surrounding rentals, access to quality schools, parks, shops, restaurants and more.

Recommendation: Be willing to price your house for less if it’s located in a less desirable area or near a neighborhood nuisance.



Another major factor that also can’t be controlled is your local housing market (which could be quite different from the national, state or city housing markets). If there are few other homes on the market in your local area (a situation known as a “sellers market”), you may be able to set a higher price. However, if there’s a surplus of homes like yours for sale (a “buyer’s market”), your pricing will also reflect that.

Recommendation: If it’s a buyer’s market and you can delay selling your home until things change, you should consider doing so. If you can’t wait, be willing to price your home extremely competitively, especially if you are in a hurry to sell.



The majority of buyers are not looking to purchase fixer-uppers, which is why any deferred maintenance and repair issues can also significantly impact the selling price of your home. When your home’s condition is different than the average condition of homes in your location, AVMs tend to produce the widest range of error.

Recommendation:  Hire a professional home inspector to provide you with a full, written report of everything that needs upgrading, maintenance or repair, then work with your real estate agent to prioritize the list and decide what items are worth completing before the property is listed for sale, and what should be addressed through a lower list price. Also, some defects are best addressed during negotiations with buyers.


Widespread appeal

If you want to sell your home quickly and for the most money, you have to make it as appealing as possible to the largest pool of prospective buyers. The more universally attractive it is, the greater the interest and the faster competing offers will come.


Hire a professional home stager (not a decorator) to temporarily stage the interior of your home. Also spend time making the exterior look its best: address any peeling paint, make sure the front door/ door hardware is attractive, prune bushes and trees, remove old play equipment and outdoor structures, etc.


Compare homes

The only neighboring homes that should be used to estimate the value of your home are those that have been carefully selected by a real estate professional with special training, access to all sales records, and in-depth knowledge of the neighborhood.

Recommendation: If you’re considering selling your home, ask your real estate agent to recommend a professional appraiser.



When working with a prospective buyer, most real estate agents will search the available inventory only for the homes priced at (or less than) their client’s maximum, which is typically a round number. If you home is priced slightly above or below that amount (e.g., $510,000 or $495,000), it will appear in fewer buyer searches.

Recommendation: Be willing to adjust your selling price to maximize visibility.


Periodic price adjustments

Pricing a home isn’t a set-it-and-forget-it proposal. As with any strategy, you need to be prepared to adapt to fast-changing market conditions, new competition, a lack of offers and other outside factors.

Recommendation: After listing your house, be ready to adjust your asking price, if necessary.

Relocating Your Home to Advance Your Career


Many of us dream of getting a better job. But when a promotion or new job opportunity comes with a request to relocate, the result can be very disruptive to your home life. There’s a lot to consider when making this kind of move, such as do you have a home to sell? Are you planning to rent or buy when you relocate? Is your employer covering some of the costs of your relocation? Should you hire a moving company or handle the move yourself? Following is an overview of some of the most important factors you should take into consideration when relocating.


Assessing the situation

The idea of moving to a new area and into a new job can be very exciting, but you’ll want to assess the situation carefully:

  • Do your best to make sure the job is a good fit, the boss is a good personality match (and plans to stay long-term), and that you’ll be comfortable in your new role for at least three years.
  • Meet with a human resources manager to make sure you understand all the details of the relocation package.
  • Thoroughly research your destination to ensure it’s a good fit for your entire family, and that there are other potential employers in the area in the event your new job doesn’t work out.
  • Use one of the online cost-of-living calculators to determine if there’s a significant difference between what you pay now (for rent/mortgage, utilities, groceries, gas, insurance, and more) and what you can expect to pay in the new location.
  • If your spouse works or is planning to enter the workforce, he or she should apply for jobs in the area to test the employment conditions.
  • Ask your real estate agent to perform a detailed market analysis to estimate the value of your current home.
  • If you live in an apartment, review your lease carefully to determine if you are facing any penalties for moving out.


Renting versus buying

Once you have made the decision to relocate it’s time to consider your housing options—not only where you live and what type of home you want to live in, but whether to rent or buy.


Financially speaking, it makes more sense to buy today than to rent in most markets. According to the latest research on the subject, it costs 15 percent less to own a home than to rent an apartment in the current economy. That said, renting may be a better option if:

  • You can’t decide where you want to live.
  • You don’t qualify for a home loan.
  • You need to keep your current home and can’t afford a second home.
  • You’re moving to an area where home prices are extremely high (e.g., New York City, San Francisco, Orange County).
  • You’re not yet certain whether you’ll want to stay long-term in the new location.


Moving your belongings

Fewer and fewer companies are offering to pay employee moving costs today, which means it may be up to you to arrange for one of the following options:

  • Hire out the entire process (the moving company does all the packing, loading, driving, and unloading). Expect to pay between $6,000 to $8,000, on average.
  • You pack all the boxes while the moving company does all the loading, driving and unloading. Expect to pay between $3,500 and $5,500, on average.
  • You rent a truck and do all the packing/unpacking and driving. Expect to pay between $2,000 and $3,000, on average.


Making the move easier

Relocating can be exhilarating, but also extremely stressful—especially if you have school-age children or teens. Here are four tips to make the process easier:

  • Get everyone in the family talking about their feelings and concerns. And make sure you’re doing as much listening as talking.
  • If you have children, include them in the planning and packing work to make them feel more involved. You may want to hold a going-away party for your children, to show that the move is worth celebrating.
  • If you have pets, ask your veterinarian, your moving company, and your airline (if you’ll be flying) to provide you with information, tips and any regulations.
  • To protect yourself from identity theft, only work with trustworthy moving companies; submit a change-of-address form to the post office about two weeks before your move; consider moving financial records and other personal files yourself.


Last year, the overwhelming majority of people (77 percent) who decided to move for work reported they were happy and had no regrets.