Category: Domestic Relocation

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Domestic Short Term Assignments: What You Should Know

Many companies are using domestic short term assignments to strategically respond to corporate growth initiatives. Some business opportunities may only require a limited focus for a specific length of time. Often companies have current employees with knowledge and experience who can effectively contribute in various capacities. The IRS defines a temporary assignment or job as lasting for one year or less.

For example, the healthcare industry increasingly uses domestic short term assignments. These roles help the industry meet the challenge of hiring and keeping talent with high levels of skills. Many of these employees enjoy going to new locations on a regular basis and thrive in the excitement and adventure of domestic short term assignments.

By leveraging its current pool of talent, a company can quickly respond to changing priorities. Also, it can place a greater focus on growth initiatives rather than recruiting for new hires.

What are the Benefits?

Company Benefits of Domestic Short Term Assignments

There are many benefits for companies that can leverage domestic short term assignments. Issues relating to skills, training, and costs can be effectively addressed, often without having to incur significant costs:

  • Easier to Attract Talent Interested in Challenging Assignments
  • Gap in Skills is Effectively Closed as Employee Fills Role and Provides Training
  • Productivity Increases
  • Talent Acquisition Costs are Reduced or Eliminated

Employee Benefits of Domestic Short Term Assignments

An employee who fills a short term assignment also benefits in several ways. Often, the employee gains problem-solving skills and they will increase their ability to communicate across the organization. From a teamwork standpoint, the employee may inspire others to participate in finding solutions:

  • Experience Increases
  • Leadership Potential Rises
  • Morale Increases with Recognition for Assignment and Achievement
  • Network of Mentors and Peers Expands

What Does This Mean?

Companies that offer domestic short term assignments often gain a significant number of benefits. They can respond quickly and effectively to changing business priorities. Additionally, they can save talent acquisition costs and close skills gaps with placement and training.

Employees also gain many benefits by taking these positions. Their skill levels increase, and they can expand their network of mentors and peers in the organization. As a result, their leadership potential rises and their productivity increases.

What Should Employers do About Domestic Short Term Assignments?

Employers with transferees that fill domestic short term assignments should work with a qualified and experienced Relocation Management Company (RMC). Often the company’s relocation policy focuses on benefits and programs for employees and family members moving to a new location.

However, employees that fill domestic short term assignments will need a different range of benefits and support, since they will return to their home after the assignment is complete. They may need assistance with travel, temporary housing options, or transportation solutions while at the new location.

Companies should review their relocation policy to ensure it follows industry best practices for relocation benefits provided to employees who take domestic short term assignments. GMS tailors each client’s program based on specific budgets, needs, and compliance. As a result, clients can offer an industry-leading relocation program designed to fully meet the needs of these employees. This helps ensure successful assignments and increases employee satisfaction.

Industry Benchmarking Studies Help Employers Compare Their Relocation Program

GMS has recently published several Industry Benchmarking Studies to help employers learn whether their company’s relocation program is designed following industry-specific best practices. There are many benefits to a corporate relocation policy benchmarking. For example, employers can learn how benefits provided for domestic short term assignments in their relocation program compare to those offered by competitors in their specific industry.

Industry best practice is to schedule a relocation program and policy review every 12 to 18 months to ensure your company maintains its competitive position. This review will also help your company learn about how the relocation industry is evolving to meet increased employee demands, especially with regard to domestic short term assignments.

Conclusion

GMS’ team of corporate relocation experts has helped thousands of our clients understand how to leverage domestic short term assignments to meet corporate objectives. Our team can help your company design a relocation policy that provides the best experience for employees during their temporary assignments.

GMS was the first relocation company to register as a .com, created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation™ technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Contact our experts online to discuss how your company can leverage domestic short term assignments to meet corporate objectives, or give us a call at 800.617.1904 or 480.922.0700 today.

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Domestic Relocation Domestic Relocation Challenges Domestic Relocation Tips Domestic Relocation Trends Household Goods

Small Shipments and Relocation: What You Should Know

Transferees may have a need for small shipments as part of their relocation. These are household goods moves of items that may weigh approximately 2,000 pounds or less. Some household goods moving companies have specific definitions and special programs for these types of moves. For example, United Van Lines has SnapmovesSM, their small moves program. This program includes guaranteed moving dates, loading and unloading services, and à la carte service options such as packing and storage.

By working with a qualified and experienced Relocation Management Company (RMC), transferees will learn which small shipments program is the best one for their relocation requirements. Transferees can often save a significant amount of money on their relocation when they work with an RMC. For example, Global Mobility Solutions has several relationships with household goods moving companies and other moving service providers that provide for discounted costs to our clients.

Generally, the amount of household goods found in the average one-bedroom apartment would fall into the category of small shipments. Also, household goods moving companies may use different terms for these types of moves, including:

Small…

  • Load Moves
  • Loads Moving
  • Load Shipments
  • Load Shipping
  • Moves
  • Moving

Small Shipments: Benefits

There are several benefits for transferees who only need small shipments for their move. These moves may provide cost savings depending on levels of service chosen for the move. Transferees often have a greater amount of flexibility and choices for how they want to move. Also, moves of this size are often easy to manage with the use of portable moving containers.

Cost Reduction

Many household goods moving companies often charge for a minimum weight for each shipment. Choosing a provider that offers small shipments as an option helps the transferee avoid paying for weight they are not using. This in turn may reduce relocation costs for companies that provide moving expense reimbursement.

Flexibility with Small Shipments

Transferees with small shipments may have a variety of methods to arrange for the move. Some may choose to pack their own items and arrange for pickup. Alternatively, packing services might be the best option for those looking to move as soon as possible. Household goods can easily be delivered door to door. Alternatively, they can be delivered to another location such as a dock or warehouse for pickup at a later date.

Portable Moving Containers

Some companies specialize in providing containers for small shipments of household goods, such as U-Pack®, 1-800-PACK-RAT, PODS®, SMARTBOX®, and U-Box® by U-Haul. These containers may be delivered to a transferee’s current location. Transferees may be able to fill these containers over time, rather than try to meet a specific date. This also helps transferees to gain more space, since they do not have to fill up a small space with boxes and items ready for transport. Instead, as they work to complete packing their household goods, transferees can move boxes or other items directly to the container.

What Does This Mean?

Companies with transferees who need small shipments may be able to provide several options for household goods moves. Also, companies and transferees may be able to reduce moving costs and avoid paying for minimum weights and unneeded services.

What Should Employers do About Small Shipments?

Employers with transferees that have small shipments should work with a qualified and experienced Relocation Management Company (RMC). RMCs understand the household goods moving industry. As a result, they can provide guidance to help companies determine the options that might work best for their relocation program. Global Mobility Solutions works with several household goods moving companies and other moving service providers to provide discounted costs to our clients.

RMCs have experience with overcoming challenges in relocation programs. They also have knowledge about the challenges that relocating employees face with their move to a new location. RMCs understand the top 5 points an employer should consider when employees choose to self-move. This industry knowledge in turn helps companies provide transferees with the best experience, ensuring successful relocations.

Industry Benchmarking Studies Help Employers Compare Their Relocation Program

GMS has recently published several Industry Benchmarking Studies to help employers learn whether their company’s relocation program is designed following industry-specific best practices. There are many benefits to a corporate relocation policy benchmarking. For example, employers can learn how small shipments managed in their relocation program compare to those offered by competitors in their specific industry.

Industry best practice is to schedule a relocation program and policy review every 12 to 18 months to ensure your company maintains its competitive position. This review will also help your company learn about how the relocation industry is evolving to meet increased employee demands, including recently evolving trends for household goods moves.

Conclusion

GMS’ team of corporate relocation experts has helped thousands of our clients understand how to provide transferees with a variety of solutions for small shipments. Our team can help your company provide the best experience for transferees and their household goods move.

GMS was the first relocation company to register as a “.com.” The company also created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation® technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Contact our experts online to discuss your company’s interest in learning more about small shipments for household goods moves, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

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Domestic Relocation Domestic Relocation Tips Domestic Relocation Trends Job Seekers

US Locations Offering Moving Incentives to Expand Their Resident Population

Several locations in the US are offering moving incentives to lure new residents. Many parts of the US are experiencing population loss. States and cities that are losing population face a number of critical issues such as a declining tax base, reduced economic activity, and property devaluation.

Alternatively, other parts of the US are seeing a dramatic increase in the number of job opportunities available in their area. The US economy continues to expand, even after reaching a milepost in July 2019 as the longest expansion in history.

As a result, many state and local governments are implementing policies and programs designed to attract new residents. These initiatives vary greatly in scope and implementation. However, all of them are designed to further bolster the state, city, or region’s ability to sustainably grow—or at least stem the tide of population loss.

States Offering Moving Incentives

At least three states are offering moving incentives to lure new residents. However, the reasons are dramatically different.

Kansas Moving Incentives

Kansas as a state may be improving economically as a whole, but several counties have been experiencing long-term job reductions. The state’s ten largest counties grew employment by 15.3% from 1997 to 2018, while the other 95 counties experienced employment declines of 4.1%.

To draw new residents to counties that are experiencing decline, Kansas has identified nearly 80 counties as “Rural Opportunity Zones” that are allowed to offer one or both of the following moving incentives:

  1. Kansas state income tax waiver for up to 5 years
  2. Student loan repayments up to $15,000 over 5 years

Maine Moving Incentives

The population of Maine is rapidly aging. By 2026, approximately one quarter of the state’s population will be 65 years of age or older. This will place Maine as the state with the highest proportion of residents in that age group in the nation. Fitch Ratings calls this status “super aged” and with good reason. Older populations tend to work less as well as spend less, negatively impacting state finances in several ways.

To draw younger residents, the Opportunity Maine Tax Credit helps recent college graduates working in the state by subtracting the amount these workers pay in student loans from what they owe in state income tax.

Example

  • Recent college graduate worker owes $2,500 in state taxes
  • Worker has already paid $2,000 in student loans during the tax year
  • Opportunity Maine Tax Credit applied leaves only $500 owed in state income taxes

Vermont Moving Incentives

Vermont is experiencing strong growth in jobs throughout the state. As a result, the state’s program pays new residents to relocate to the state, with varying moving incentives based on location. For cities such as Burlington, new residents may be able to receive up to $5,000. For those relocating to smaller cities and towns, the incentive may be up to $7.500. These new policies are modeled after a current policy that reimburses remote workers up to $10,000 if they relocate to Vermont.

Vermont has been highly successful in promoting economic development. Vermont’s Economic Development Authority finances a wide range of growth initiatives. The state has also been active in promoting new technologies, green businesses, and clean energy initiatives.

Cities Offering Moving Incentives

Just as states have various reasons to offer moving incentives, so do several cities. Some cities are experiencing difficult economic challenges, while others need workers to fill current and future job openings. Several cities with moving incentives include:

Baltimore, Maryland

Goal is to reduce property abandonment with loans for down payments on homes that have been marked vacant for a year or more through its Vacants to Value Booster incentive. Loans are forgivable over a 5 year period.

Curtis, Nebraska

Goal is to attract residents to become homeowners and landowners. Plots of improved land (streets, utilities) are offered free for single-family home construction.

Harmony, Minnesota

Goal is to draw new residents with a residential home building rebate program. Participants can receive up to $12,000 in cash rebates.

Marne, Iowa

Goal is to attract residents to become homeowners and landowners. Marne’s Free Lot program is for conventional home construction or modular.

New Haven, Connecticut

Goal is to draw new residents with a significant number of moving incentives including:

  1. Up to $10,000 interest-free loans to new homeowners
  2. Up to $30,000 to make energy saving upgrades to homes
  3. Loans are 100% forgivable if residents remain a certain length of time
  4. New Haven Promise will cover in-state college tuition for students who graduate from New Haven public schools

St. Clair, Michigan

Goal is to attract recent college graduates with degrees in science, technology, engineering, arts, or mathematics. Program offers up to $15,000 in student loan repayments.

Tulsa, Oklahoma

Goal is to attract remote workers to the city with the Tulsa Remote program. Participants get access to discounted housing, free utilities, shared working spaces, and those who remain for a year are eligible for a $10,000 cash stipend.

What Should Employers do About Location Moving Incentives?

US states and cities may offer moving incentives for new residents. As a result, companies that have growth initiatives may be able to leverage these moving incentives in their talent acquisition and relocation programs. Companies should examine their plans for corporate expansion to see if they are in or near areas that have moving incentives.

Conclusion

GMS’ team of corporate relocation experts has helped thousands of our clients understand how to leverage moving incentives to attract and retain talent. Our team can help your company by using industry best practices to design your relocation program. This will increase your company’s ability to attract and retain new employees.

GMS was the first relocation company to register as a .com, created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation™ technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Contact our experts online to discuss your company’s interest in learning how it can leverage moving incentives to attract and retain talent, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

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Global Mobility Solutions Wins MRINetwork® Award: Best in Category for Placement Support Services

Global Mobility Solutions is pleased to announce it has won the Best in Category Award for Placement Support Services from MRINetwork®. Management Recruiters International, Inc., branded as MRINetwork®, is one of the world’s largest executive search and recruitment organizations. The organization has approximately 400 offices spread over four continents.

MRINetwork® franchise owners rate vendors in a survey and the scores determine the award winners. GMS received the award at the MRINetwork® 2019 United Conference, held September 10-13 in Orlando, Florida.

Placement Support Services Award Reflects GMS’ Commitment to Providing Superior Service

“We are honored to receive this award from our customers and industry colleagues,” stated Steven Wester, President of Global Mobility Solutions. “Our team’s continuing commitment to providing superior service and technology shows in the exceptionally high level of satisfaction across all areas of our performance, and as recognized by MRINetwork® this year and for nearly two and a half decades.”

Work with a Relocation Management Company That Understands Placement Support Services

Employers looking for superior placement support services should work with a qualified and experienced Relocation Management Company (RMC). RMCs understand the importance of providing superior placement support services to ensure the success of new hires and relocating employees.

RMCs have experience with overcoming challenges in relocation programs. They also have knowledge about the challenges that relocating employees face with their move to a new location.

Additional Resources Enhance Placement Support Services

Destination spotlights that highlight many aspects of a location are helpful resources to share with new hires and transferees during their pre-decision process. Video destination spotlights are an excellent resource to visually show employees and their family members their new location. Pre-decision, origin, and destination services provide new hires, transferees, and their family members with peace of mind during their relocation process.

Industry Benchmarking Studies Help Employers Compare Their Relocation Program

GMS has recently published several Industry Benchmarking Studies to help employers learn whether their company’s relocation program is designed following industry-specific best practices. There are many benefits to a corporate relocation policy benchmarking. For example, employers can learn more about the placement support services offered in their relocation program. Also, they can compare these services to those offered by competitors in their specific industry.

Industry best practice is to schedule a relocation program and policy review every 12 to 18 months to ensure your company maintains its competitive position. This review will also help your company learn about how the relocation industry is evolving to meet increased employee demands.

Conclusion

GMS’ team of corporate relocation experts has helped thousands of our clients understand how to develop successful talent acquisition and management programs. Our team can also help your company understand how to leverage placement support services. As a result, this will ensure successful new hires and relocations.

GMS was the first relocation company to register as a .com. The company also created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation™ technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Contact our experts online to discuss your company’s interest in learning more about placement support services, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

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Domestic Relocation Domestic Relocation Challenges Domestic Relocation Tips Domestic Relocation Trends Job Market Job Seekers Labor Force Talent Mobility

What are the Fastest Growing Jobs in Alabama?

What are the fastest growing jobs in Alabama? Alabama currently has nearly 5 million residents. The state is located in the deep south of the United States, along the Gulf Coast. Mississippi is located to the west, Tennessee is located to the north, and Georgia is located to the east. The state of Florida forms the southern border of Alabama, except for the area surrounding the harbor city of Mobile, situated on the Mobile River at the head of Mobile Bay.

The five largest cities in Alabama along with their major industries are:

Birmingham, Alabama

  • Major Industries

    • Steel Production and Processing
    • Biotechnology
    • Medical Research
    • Banking
    • Insurance
    • Construction

Montgomery, Alabama

  • Major Industries

    • State Capital
    • Government Agencies and Services
    • Military (Maxwell-Gunter Air Force Base)
    • Agriculture
    • Distribution
    • Manufacturing

Mobile, Alabama

  • Major Industries

    • Aerospace
    • Steel
    • Ship Building
    • Construction
    • Medical and Healthcare
    • Manufacturing

Huntsville, Alabama

  • Major Industries

    • Aerospace
    • Military Technology
    • Education
    • Information Technology Infrastructure
    • Commercial Technology

Tuscaloosa, Alabama

  • Major Industries

    • Education
    • Manufacturing
    • Government Agencies
    • Transportation
    • Healthcare

The Southeast region as a whole continues to experience high economic growth, including the state of Alabama. Each of Alabama’s five largest cities are considered best places to live in the state.

Fastest Growing Jobs in Alabama

Any list of the fastest growing jobs is subject to change, depending on economic factors including industrial production, global trade, and even weather patterns. However, recent studies show the fastest growth in these jobs:

Manufacturing and Electrical Jobs

  • Aircraft Assemblers
  • Computer Numerical Controller Machinists

Information Technology Jobs

  • Website Developers

Healthcare and Medical Jobs

  • Emergency Medical Technicians
  • Home Health Aides
  • Nurse Practitioners
  • Occupational Therapists
  • Personal Care Assistants
  • Physical Therapists
  • Physical Therapist Assistants

Highlight on Industries in Huntsville, Alabama

Huntsville is nicknamed “The Rocket City” and for good reason: it has a close association with U.S. space missions. NASA’s George C. Marshall Space Flight Center (MSFC) is located in the city. MSFC developed the Saturn boosters that were used during the Apollo Lunar Landing Program.

Huntsville is home to Cummings Research Park (CRP), the second-largest Technology and Research Park in the nation. It also ranks among the top 25 most educated cities in the nation. The University of Alabama in Huntsville is a center for technology, science, and engineering research.

Huntsville has one of the fastest growing and most dynamic economies in the state. Over the next several years, major development projects will bring another 6,000 jobs to Huntsville and north Alabama. Huntsville’s future job growth is projected to be 40.9% over the next 10 years, running higher than the national average of 33.5%.

What Should Job Seekers do?

Job seekers should investigate the fastest growing jobs in Alabama for opportunities. A number of resources are available to learn about jobs and careers in Alabama. Professional networks such as Linkedin provide information on companies and contacts. Job seekers may want to focus on a specific location such as Huntsville, and then narrow down their search by industry in Huntsville to specific job type. Job seekers should utilize professional career services to enhance their job search and achieve success in their career objectives.

What Should Employers do?

Employers should examine their employment needs as economic growth fosters competition for job seekers with requisite skills and training. They should review their relocation program to determine if it benefits their talent acquisition goals and corporate objectives. Employers should work with a Relocation Management Company that possesses the knowledge and expertise to help them design a relocation that promotes global talent acquisition. Desirable locations such as Huntsville that draw many visitors also need job seekers to fill local employment opportunities in other industries.

Conclusion

GMS’ team of global relocation experts has helped thousands of our clients develop hiring and recruiting programs to attract highly skilled job seekers. Our team can help your company determine how to attract job seekers looking for employment opportunities in Alabama, or any other location around the world.

GMS was the first relocation company to register as a .com. The company also created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation™ technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Contact our experts online to discuss your company’s recruiting, hiring, and relocation program needs in Alabama, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

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Buy a Home Domestic Relocation Domestic Relocation Challenges Domestic Relocation Tips Home Purchase Household Goods Relocation Challenges

What do Relocating Employees Moving with Children Need to Know?

Many relocating employees who are looking for a home are moving with children. According to the United States Department of Labor Bureau of Labor Statistics, over 33.6 million US families include children under the age of 18. Transferees are more likely to have a successful relocation if spouses, partners, and family members also support the decision.

What is Important for Families Moving with Children?

The National Association of Realtors® Research Group published a new report, “2019 Moving with Kids.” As a result, the findings show that among families moving with children:

  • 50% consider a neighborhood’s distance to neighborhood schools
  • 53% consider a neighborhoods’ school district quality
  • 86% purchase their home with assistance from a real estate agent

Therefore, relocating employees moving with children are likely to have these same considerations. As a result, companies should provide Pre-Decision Services for transferees to help them learn about their new relocation assignment.

Pre-Decision Services for Relocating Employees Moving with Children

Candidate assessments and family pre-decision evaluations help companies determine the relocating employee’s expectations about their new role and their level of skills. These assessments also highlight the candidate’s personal qualities, their family situation, and their financial readiness for the relocation. Specific points that are important to all family members including children should be part of this pre-decision evaluation.

The types of information that companies can provide to transferees moving with children for their decision-making process include:

  • Community highlights and detailed information for the local area
  • Tours of communities to help employees and family members become familiar with the area
  • School information and reports on schooling options
  • Cost estimates to cover all aspects of the household goods moves.
  • Comparison of the cost of living in the new location
  • Home sale information including market analysis

By providing helpful information, the organization gains several benefits including:

  • Higher job acceptance rates, satisfaction, and engagement
  • Greater budget accuracy
  • A reduction in policy exceptions
  • Significant cost savings

Also, employees and their family members gain several benefits as well:

  • Dedicated consultant as their point of contact
  • Expert counsel and assistance for all of their relocation process
  • Career and other support services for spouses and partners

What are the Questions a Realtor® asks Relocating Employees?

As noted in the NAR report, relocating employees moving with children are likely to work with a real estate agent for their home buying process. Transferees who work with a Realtor® should be ready to answer questions that will help guide the search for their new home. Some of the top questions a Realtor® asks relocating employees moving with children focus on what is most important to their home decision. Knowing that children are part of the family helps the Realtor® understand important questions to ask. The answers will provide the Realtor® with valuable insight as to the buyer’s objectives, including those of their children.

Tips to Help Relocating Employees Moving with Children Prepare for the Move

Relocating employees moving with children should prepare them for the move. An important part of this preparation is communication. Engage children early, and share as much about the move and the new location with them as possible. This will help ease the children’s minds, and help them feel important to the process. Consider giving them things to do to help them participate in the move if they are able and willing. Activities such as helping unpack, choosing colors, and deciding where their things should go are important to them. As a result, this will give children a sense of ownership and belonging. Help children learn how to meet people in their new surroundings by practicing conversation. Also, teaching games that other children play in their new school will help them build skills and expand their social network.

What Should Employers do For Relocating Employees Moving with Children?

It is important for employers with relocating employees moving with children to be sure to include the entire family in the relocation process. Pre-Decision Services should have full family participation so every member can feel they are an important part of the process. Family support is critical to the success of relocations. In our Case Study on Educational Institution Relocation Programs, we describe how our client was losing new hires due to a lack of spouse and partner career support.

The rise in demand for spouse and partner assistance shows how important family concerns are to transferees. Relocating employees moving with children often will also be moving with pets. Companies that also show consideration for the needs of a family’s pets will demonstrate their commitment to the employee and their family’s welfare.

Conclusion

Global Mobility Solutions’ team of corporate relocation experts has helped thousands of our clients understand how best to help relocating employees moving with children. Our team can help your company understand how to use family pre-decision services to identify matters of importance to all family members. As a result this will help ensure a smooth and success relocation process for the transferee and their family members.

GMS was the first relocation company to register as a .com. The company also created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation™ technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Learn best practices from Global Mobility Solutions, the relocation industry and technology experts who are dedicated to keeping you informed and connected. Contact our experts online to discuss how your company can enhance the relocation experience for employees moving with children, or give us a call at 800.617.1904 or 480.922.0700 today.

 

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Los Angeles Housing Options for Relocating Employees: Part 3, Apartments

In part 3 of our series on Los Angeles Housing Options for relocating employees, we focus on apartments. There are many reasons why clients should encourage transferees to buy instead of rent. For those employees who are not ready or prepared to buy, renting an apartment may be helpful for several reasons.

Advantages to Renting Apartments in Los Angeles

No Maintenance and Upkeep

Renting apartments basically frees the renter from ownership responsibilities. Those who own apartments must take care of the following:

  1. Maintenance of the building
  2. Structural issues including anything that might break
  3. Upgrades to fixtures and decorating
  4. Incidentals such as light bulbs and batteries
  5. Landscaping and upkeep of grounds, yards, trees
  6. Secure access
  7. Parking areas

Access to Amenities

Many apartments are located in or near areas with direct access to desirable amenities. Renters often benefit from being near:

  1. Tennis courts
  2. Swimming pools
  3. Hot tubs
  4. Playgrounds
  5. Parks
  6. Trails for walking, hiking, biking
  7. Shopping areas

Relocating employees may benefit from renting in an area if they are unsure where to settle down. A short-term rental with a plan to buy in six months or a year offers transferees flexibility and time to further research locations for the best fit.

Rents in some markets exceed the cost of home ownership. Relocating employees who choose to rent do not build equity since they do not own the property. They also are not able to claim home mortgage interest as a deduction; this is a major benefit to those who buy homes.

Budget-Friendly Neighborhoods for Los Angeles Apartments

Several neighborhoods in Los Angeles are known for lower costs and budget-friendly rental rates on apartments. Each neighborhood is distinctly different in character and amenities, so transferees can usually find one that meets their preference.

San Fernando Valley

Lake Balboa is a district in the San Fernando Valley. The neighborhood is known for a large amount of park area including Sepulveda Basin Recreation Area, Lake Balboa, and Woodley Park. The area has many charming post-war houses in a suburban setting.

Van Nuys is a mostly residential area centrally located in the San Fernando Valley with mid-priced homes and apartments. Van Nuys Boulevard is known as a great street for shopping. Woodley Park features baseball diamonds, play areas, barbecue pits, an archery range, and cricket fields.

Close to Hills, Parks, and Mountains

Tarzana is named after Tarzan, the main character in the book “Tarzan of the Apes” by Edgar Rice Burroughs. The area is close to many parks, and offers easy access to hiking in the nearby hills. This is a quiet and suburban area located just north of the Santa Monica Mountains.

Central Los Angeles Location

Koreatown is known for its lively nightlife. It also has a wide variety of shopping malls, stores, and markets. Various architectural styles give clues to the neighborhoods history, once the center of the Golden Age of Hollywood.

Near the Pacific Ocean

San Pedro is known for having a number of locally-owned shops in town, with bakeries, butchers, and a small-town feel. It is located on the harbor, with Rancho Palos Verdes to the west, and Long Beach to the east. San Pedro is home to the Korean Bell of Friendship, given as a gift to the US by the South Korean government to symbolize friendship between the two nations.

Los Angeles neighborhoods have much to offer residents and visitors. Transferees looking for apartments should work with a Realtor® that has knowledge of the city and the market for apartments in various neighborhoods.

Expert Tips about Los Angeles Apartments

GMS spoke with Erik R. Brown of Douglas Elliman Real Estate, Realtor®, TV host, speaker, and author of “One in a Million: Everything You Need to Know to Find the Best Realtor®.” Erik agreed to share his industry knowledge and market expertise on Los Angeles housing options for relocating employees.

Erik knows that researching the particulars of a local market provides renters with the knowledge they need to be successful in their search. As Erik notes, “Moving to Los Angeles? Then you’ll want to know these top tips as you decide to make the move.” In part 3 of a 3 part series, Erik shares his 9 top tips for finding and renting apartments in Los Angeles.

Los Angeles Housing Options: Apartments

9 Top Tips for Finding and Renting Apartments in Los Angeles

1. Set your parameters.

Good process makes good business, so set the stage right to map your way to success. Since Los Angeles vacancy rates are so low and bidding wars are common, start by setting your parameters: How much do you want to spend? Try using a Rent Calculator to determine how much you want to spend on an apartment. How many bedrooms do you need? What amenities do you want?  What location is best for proximity to work and recreation?

2. Review and create realistic expectations.

Here are some good examples:

  • Expectation #1: LA is one of the most expensive cities in the US. You won’t find apartments as nice as what you are used to unless you’re moving from NY.
  • Expectation #2: You might have to buy or rent a refrigerator, washer, dryer, and in rare cases a stove.
  • Expectation #3: If you rent a single family house, you will most likely have to pay for water and all the utilities.

3. Understand looking in Los Angeles.

Los Angeles is unlike large East Coast cities where the majority of rentals are listed on a central listing system like the Multiple Listing Service (MLS). In these cities, you can work with one broker to show you what is on the market. Either the tenant pays the broker fee or the landlord does. By comparison, the majority of landlords in the current Los Angeles market advertise their property for free on the internet, without the use of a broker or MLS-type service.

4. Get to know your neighborhood options.

Los Angeles is a huge city comprised of several large and small neighborhoods. Many of these neighborhoods are actually sub-cities. Initially, getting to know them all can seem overwhelming. To help your search, do this: gear up your Google skills. Schools, safety ratings, walkability, traffic maps, local amenities, and many other lifestyle questions differ by area. Know as well that “LA traffic” is a real challenge. Having a shorter commute can make or break your daily life in Los Angeles. If you’re having trouble choosing among the more than 450 neighborhoods, contact me directly and I will send you a “Neighborhood Knowledge Checklist” I share with my clients.

5. Begin your search.

The internet is by far the most helpful resource to find apartments. Websites such as those listed below are popular for various rental types.

Rental Sites for Apartments and Homes:

www.rent.com

www.Westsiderentals.com

www.Padmapper.com

www.Craigslist.org (be careful of scams)

www.apartments.com

Rental Sites for Short Term Rentals:

https://www.plumguide.com/los-angeles/short-stay

https://zeusliving.com/

https://www.apartments.com/los-angeles-ca/short-term/

https://www.nestpick.com/los-angeles/

https://www.stayaka.com/ (luxury)

http://www.ihg.com/staybridge/hotels/us/en/reservation

http://www.extendedstayamerica.com/hotels/mn

http://www.airbnb.com

Rental Sites for Rooms:

https://www.spareroom.com/los-angeles

https://flip.lease/s/Los-Angeles

However, you should understand that many landlords in Los Angeles are “old school.” Many landlords don’t have email or own a computer. All they have to do is put a “For Rent” sign in the front yard and the place is rented within 24 hours. And that’s exactly what they do. After you have narrowed down the area you are looking in, start driving around. Be on the lookout for “For Rent” signs and start calling about apartments right away.

6. Be prepared to get your move on. 

Los Angeles tenants give 30-day notices to move out and most landlords wait until the tenant has moved out before they list the property for rent. Once a property hits the market, it rents out typically very quickly. Many times, vacancies rent within 24 hours. It typically takes under 30 days from the time a landlord lists a property to the time the new tenant moves in.

That means: be prepared to move quickly once you start looking. We cannot stress enough the importance of being prepared to apply. We deliver this message every day, over and over and over. So many unfortunate renters miss out on rentals because they had to go home, fill out an application and gather their documentation. Every landlord will ask you for the same information, so why wait to get your documentation in order? As difficult as it is finding suitable apartments, once you find the right space, you want to be 100% prepared to get it.

7. On the flip side, do not attempt to find a decent rental months in advance.

Since it can take less than 30 days to find a rental, it is nearly impossible to search in advance. If you have been looking within 30 days of your move-in date and you are down to the wire, you need to check your expectations.

8. See the place in person. 

Once you find a place you like, call or email and ask to set up a time to view it. You will likely deal directly with the property owner, on-site manager, or a management company. This is key to ensuring you will not get scammed or deceived by an online listing.

9. Speaking of…Avoid These Rental Scams.

Before signing the lease, run through these telltale signs to spot a rental scam:

  • The rent is below market rate. If it looks too good to be true, it probably is. Many times, rental scammers in Los Angeles will list a home below market and ask for a money wire transfer before they let you view the property. Although affordable rates are not a guaranteed verdict of a rental scam, it is a sign to investigate further.
  • Inability to prove ownership: A landlord who you have never met at the door, spoke with on the phone, or who has no reputable online reviews is suspicious. Be cautious when a landlord cannot provide proof of management.
  • Inaccessible landlord “Owners” who claim they cannot meet you at the property because they just left the country or they are traveling are most likely a scam. We recommend calling them directly to verify they actually exist.
  • Viewing fees: Any landlord or homeowner who requests money to view apartments is most likely running a scam. No landlord would ask for money upfront before a renter files paperwork and sees the property.

What Should Employers do?

Employers should share helpful information about apartments in Los Angeles with their relocating employees. This will help transferees and their family members learn about neighborhoods and amenities in the city. As a result, relocating employees will have valuable information to help them easily find several apartments that meet their requirements.

Employers should also provide as much information about the new location as possible. They should work with a qualified and experienced Relocation Management Company (RMC) that can provide many useful resources to assist relocating employees and their family members. Destination spotlights that highlight many aspects of a location are helpful reference materials to share with transferees during their pre-decision process. Video destination spotlights are a great resource to visually show employees and their family members their new location.

Conclusion

Global Mobility Solutions’ team of corporate relocation experts has helped thousands of our clients understand how to identify and share valuable real estate and neighborhood information with transferees. Our team can help your company share helpful information on apartments in Los Angeles that will give transferees peace of mind as they go through their relocation process.

GMS was the first relocation company to register as a “.com.” The company also created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation® technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Learn best practices from Global Mobility Solutions, the relocation industry and technology experts. Contact our experts online to discuss your company’s need for information about apartments in Los Angeles to share with your transferees, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

Categories
Domestic Relocation Domestic Relocation Challenges Domestic Relocation Tips Domestic Relocation Trends

New Los Angeles City Regulations Every Relocating Employee Should Know

Several new Los Angeles city regulations have a direct impact on residents. Some of the most recent regulations cover topics such as short-term rentals (also referred to as “AirBnB”), Accessory Dwelling Units (ADUs), Street Vending, and Ride-share Scooters (“e-scooters”). Companies planning to relocate new hires and transferees to the city should provide information about these regulations. Providing city reports and information including new regulations will help ensure compliance and increase transferee satisfaction.

What are the New Los Angeles City Regulations?

GMS spoke with Erik R. Brown of Douglas Elliman Real Estate, Realtor®, TV host, speaker, and author of “One in a Million: Everything You Need to Know to Find the Best Realtor®.” Erik agreed to share his knowledge of new Los Angeles city regulations that every relocating employee should know.

Several of the new Los Angeles city regulations will directly impact relocating employees. They include changes to temporary and rental housing, sales of food and goods on city streets, and new forms of shared transportation.

1. Short-Term Rentals (AirBnB) Los Angeles City Regulations

This is Los Angeles’ first attempt to regulate the market for short-term rentals. Sometimes referred to as “AirBnB,” (a popular website that lists short-term rentals and allows guests to rent them), hosts who want to arrange for short-term rentals must:

  1. Register their short-term rental with the city’s planning department, at a cost of $89
  2. Provide a code of conduct to guests with rules and regulations regarding noise, sound, and nighttime events

There are several restrictions as to what type of residence can participate in these rentals. Also, time limits apply, and renters cannot participate without permission of their landlord. An option exists for longer home sharing beyond the 120 days in a calendar year, with higher fees and additional requirements for hosts.

2. Accessory Dwelling Units (ADUs) Los Angeles City Regulations

ADUs allow homeowners to apply for a permit to add an accessory use for their main single family residence. The ADU must have a full kitchen and bathroom, as well as:

  1. Be in a property that is zoned R-A, R-1, R-2, R-3, R-4, A-1 or A-2 (or any other zone that allows single-family residences by right)
  2. One single family residence (legal) exists on site
  3. The ADU complies with the development standards of the Los Angeles County Department of Regional Planning Accessory Dwelling Unit (ADU) Ordinance

Homeowners who apply for an ADU must also:

  1. Provide a site plan application to the Los Angeles Department of Regional Planning
  2. Submit copies of the Building Description Blank/Slip from Los Angeles County Assessor’s office
  3. Submit copies of the building permits from the Los Angeles County Building & Safety office

3. Street Vending Los Angeles City Regulations

For several years, small business owners and entrepreneurs have been selling food and products from sites along streets, known as street vending. Most of these activities have not been legal. As a result, those selling could face fines, citations, and confiscation of their equipment.

Following a multi-year effort and spurred by a change in California state law, street vending has now become legal in Los Angeles. Cities are responding by creating licensing and permitting requirements. Santa Monica passed an emergency ordinance establishing its Comprehensive Sidewalk Vending Program in April of this year. Los Angeles created its Sidewalk Vending Permit System in November of 2018. Some street vendors must leave newly created no-vending zones where they have previously set up shop. Also, street vendors must apply for permits to legally operate within the city.

4. Ride-Share Scooters (“e-scooters”) Los Angeles City Regulations

Los Angeles is currently experimenting with e-scooters. These scooters are part of the city’s one-year “Dockless Mobility Program.” The program is the city’s pilot effort to regulate and manage dockless scooters and bicycles.

Los Angeles has over 30,000 scooters that may be part of its pilot program, with around 20,000 total vehicles in deployment. The Los Angeles Department of Transportation is collecting data and working to make operators follow rules, including:

  1. Citywide cap of 3,000 scooters per company
  2. Potential to add 2,500 more scooters if the companies operate in disadvantaged locations
  3. Potential to add 5,000 more scooters if operating in San Fernando Valley disadvantaged communities
  4. Speed limit of 15 mph for all scooters
  5. All companies must carry commercial general liability insurance in the amount of $5 million dollars
  6. Companies must work with local council offices to “geo-fence” scooters to prevent parking in certain areas, if requested

There have been reports of injuries, with data showing the following trends:

  1. Most common injuries are to rider’s heads
  2. Large numbers of riders who receive injuries are minors
  3. Low rate of helmet usage for all riders

What Does This Mean?

Companies operating in Los Angeles with new hires or relocating employees to the city should be aware of new Los Angeles city regulations. These regulations may impact transferees and their family members who relocate to the city.

New hires and employees relocating to Los Angeles should have access to as much information as possible about the destination. Employers should ensure they provide a number of resources to assist transferees relocating to the city who may not be familiar with local laws, rules, and regulations.

What Should Employers do About New Los Angeles City Regulations?

Employers with transferees who are moving to Los Angeles should share the new Los Angeles city regulations. This will help transferees and their family members learn about how the city is addressing issues that may be important to them.

Employers should also provide as much information about Los Angeles as possible. They should work with a qualified and experienced Relocation Management Company (RMC) that can provide a wealth of valuable resources to assist relocating employees and their family members. Destination spotlights that highlight many aspects of Los Angeles are helpful resources to share with transferees during their pre-decision process. Video destination spotlights are an excellent resources to visually show employees and their family members their new location.

Conclusion

Global Mobility Solutions’ team of corporate relocation experts has helped thousands of our clients understand how to identify and share valuable information with transferees. Our team can help your company share useful information on new Los Angeles city regulations so transferees to the city will have peace of mind as they go through their relocation process.

GMS was the first relocation company to register as a .com. The company also created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation™ technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Learn best practices from Global Mobility Solutions, the relocation industry and technology experts who are dedicated to keeping you informed and connected. Contact our experts online to discuss your company’s need for information on new Los Angeles city regulations to share with your transferees, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

Categories
Domestic Relocation Domestic Relocation Tips Domestic Relocation Trends

What are the 2019 Top 10 Fastest Growing Cities in the United States?

Cities in the United States grow for various reasons, but the fastest growing cities share several things in common. Demographics in the US show that overall population growth was 0.6% in 2018, the lowest level recorded in 80 years. Several states are experiencing population declines, and might benefit from unique programs to increase immigrants with high levels of skills. However, some US cities are expanding much faster than others and the nation as a whole. What are the fastest growing cities in the US?

Top 10 Fastest Growing Cities

The 2019 top 10 fastest growing cities in the US are:

  1. The Villages, Florida
  2. Myrtle Beach-Conway-North Myrtle Beach, South Carolina-North Carolina
  3. Midland, Texas
  4. Austin-Round Rock, Texas
  5. George, Utah
  6. Greeley, Colorado
  7. Bend-Redmond, Oregon
  8. Cape Coral-Fort Myers, Florida
  9. Orlando-Kissimmee-Sanford, Florida
  10. Raleigh, North Carolina

What is driving the population growth in the fastest growing cities?

Pleasant Climate

The US overall population growth is relatively anemic. However, the broader trend of retirement-age Americans relocating to cities with desirable climates is driving population growth in several cities. Climate is one of the most important factors that drives retirement-age Americans to move to other cities. Several of these locations also have some of the nation’s most pleasant and temperate climates.

Economic Growth

Another factor that the fastest growing cities share is a focus on economic growth. Healthy economies and vibrant job markets draw those looking for opportunities. Many of these cities have thriving economies with diverse economic bases. As a result, these cities become economic engines for their regions, driving continual growth and expansion. Business-friendly policies and favorable tax benefits further increase the desire to relocate to the fastest growing cities.

Natural Beauty

Several of the fastest growing cities are situated in some of the nation’s most beautiful locations. Some are located along the pristine beaches of a southern coastline. Others are within easy driving distance to stunningly beautiful national parks, mountains, state parks, conservation areas, and national forests. Many of these cities have a number of city parks, rivers, and lakes that support extensive recreational activities.

What Should Employers and Job Seekers in the Fastest Growing Cities do?

Employers in the fastest growing cities should review their corporate initiatives to ensure they can leverage these city’s population growth. They should work with a qualified Relocation Management Company (RMC) that can provide a full range of pre-decision services, career services, and mobility consulting.

Employers may consider relocating new hires or transferees to fill positions in the fastest growing cities as growth continues. They should provide transferees and their family members with as many valuable resources as possible to help increase relocation success.

Job seekers looking for opportunities should consider these as good places to find a job. They should also look into leveraging career services to enhance their job search and increase the likelihood of success in the job market.

Employers not currently located in one of the fastest growing cities should look into the possibility of expansion or relocation for their business. Cities that are growing generate a number of opportunities for companies, including:

  • New customers
  • Growing workforce
  • Higher quality of life
  • Sustainable business growth

Conclusion

GMS’ team of corporate relocation experts has helped thousands of our clients understand how to fill positions in their local markets, including the fastest growing cities in the US. Our team can help your company understand how to use pre-hire assessments to identify qualified candidates. Also, we can help your company design a relocation program following industry best practices that results in higher relocation success rates and greater transferee satisfaction.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Learn best practices from Global Mobility Solutions, the relocation industry and technology experts who are dedicated to keeping you informed and connected. Contact our experts online to discuss your company’s need to leverage growth in the fastest growing cities, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

Categories
Buy a Home Domestic Relocation Domestic Relocation Challenges Domestic Relocation Tips Home Purchase

Los Angeles Housing Options for Relocating Employees: Part 2, Single Family Homes

In part 2 of our series on Los Angeles Housing Options for relocating employees, we focus on single family homes. For transferees moving to Los Angeles, there are many advantages to buying a single family home as opposed to renting. While there are many housing options including condominiums and apartments, those who buy single family homes often enjoy significant benefits compared to renting.

Advantages to Buying Single Family Homes in Los Angeles

Rents in some markets exceed the cost of home ownership, so buyers can save money each month if they buy instead of rent. Also, mortgages are similar to savings plans and investments, and buyers often gain equity in the home. Buying single family homes may help transferees move up to larger homes at a later date. Transferees looking at buying single family homes will gain the most compared to renting if they plan to live in the home more than seven years. The ability to claim home mortgage interest as a deduction is a major benefit to owning single family homes with a mortgage less than a million dollars.  Employees should consult their tax advisor.

Companies should encourage transferees to buy instead of rent, in order to help them establish roots in their community. Relocating employees will be more likely to view their opportunity as a career if they commit to their new location. Companies that offer home purchase benefits are more likely to be seen as committed to the transferee. They can also save money with the Buyer Value Option Program to avoid paying tax gross-ups on commissions and closing costs.

Los Angeles Single Family Homes

Highlights of Los Angeles Neighborhoods with Single Family Homes

Los Angeles has hundreds of neighborhoods and districts. Choosing where to buy single family homes can be a daunting task. Many helpful resources are available to help home buyers learn about the history and features of locations in and around the city. If a home buyer has a few general ideas of what they are seeking, chances are they will be able to find it in Los Angeles.

Comparison of five different neighborhoods:

Santa Monica and Venice Beach: Close to the beach, thriving restaurant scene, weather about 10 degrees cooler than in the city, and the funky Venice Beach Boardwalk with street performers and public art.

Hollywood: One of the most famous neighborhoods in the world, with iconic locations like TCL Chinese Theatre, star-studded Walk of Fame, the capital of the entertainment industry, and the huge Hollywood sign on the hills above so you always know where you are.

Elysian Valley, also known as Frogtown: An up-and-coming spot along the Los Angeles River and its Bike Path, home to artists, manufacturers, several warehouses, and innovative entrepreneurs.

Beverly Hills: Featuring legendary Rodeo Drive shopping, ultra-luxury glamour, exemplary of the Los Angeles dream of making it big in the entertainment industry.

Silver Lake: East-side trendy spot with green spaces, the Silver Lake Reservoir and Dog Park for recreation, hipster-friendly lifestyle, and famous Sunset Boulevard.

What You Should Know About Buying Single Family Homes in Los Angeles

Los Angeles neighborhoods have much to offer residents and visitors. Transferees looking to buy single family homes should work with a Realtor®. A qualified local Realtor® will have knowledge of the city and the market for single family homes.

GMS spoke with Erik R. Brown of Douglas Elliman Real Estate, Realtor®, TV host, speaker, and author of “One in a Million: Everything You Need to Know to Find the Best Realtor®.” Erik agreed to share his industry knowledge and market expertise on Los Angeles housing options for relocating employees.

Erik notes that Los Angeles is enjoying a strong seller’s market right now, so what is a potential buyer to do? In part 2 of a 3 part series, Erik shares his 9 tips and ideas for buying single family homes in Los Angeles.

Los Angeles Housing Options: Single Family Homes

9 Tips and Ideas for Buying Single Family Homes in Los Angeles

1. Know What You Want

Know what you want before you start looking. What you want (and where you want to live) will play a huge role in the cost as well. Beyond the type of home, decide on what features you want, from the home style to the neighborhood. If you have non-negotiables, identify those from the beginning.

2. Be Realistic

Related to the tip above, you do need to be realistic. Tons of square footage, updated fixtures, and a pool might not be realistic in your budget. Or, you might need to broaden where you are looking to find single family homes that fit into your budget. The first home you purchase in Los Angeles might not be your dream home, but buying any home in Los Angeles is a big deal, given the high cost and competitive market.

3. Obtain Pre-Approval for a Mortgage

Before you even go look at a house, get your finances in order. Decide on your budget, how much you can put down, and obtain pre-approval for a mortgage. A pre-approval doesn’t guarantee that you will get the mortgage. However, it does mean that the bank determines that you are a good borrower. As a result, they will make a commitment to finance your home once you find one. In a market as competitive as Los Angeles, there is a good chance that sellers won’t even consider an offer if a buyer can’t provide a pre-approval letter from their lender.

4. Offer Cash

If you want to sweeten your offer, you should make a cash offer. A cash offer is more attractive to a seller because they don’t have to worry about dealing with your mortgage lender or appraisals. Cash offers can usually close quicker as well, making it much more likely that a seller will choose a cash offer over one where the buyer is financing the home purchase.

5. Shop Around and Have Options

Because the market is so competitive, single family homes aren’t on the market very long. As a result, you have to be ready to put in a bid right away. You will also want to make sure you have backup choices. Bidding wars are becoming more and more common, so you can’t assume that you are going to get the house. Make sure you have other single family homes that you like in the event that your bid is not selected.

6. Personal Enjoyment versus Investment

A buyer may also consider an area that fits their lifestyle versus an area that is gentrifying or improving. Gentrifying areas can be on the rise, but may not have all the established amenities of a more established neighborhood or area. However, this is often reflected in the price of the homes.

7. Consider a Fixer-Upper

If you are really tied to a certain location but can’t find an updated home with everything you want, consider buying a fixer-upper and put in the work to get it to what you want. This is a great way to get a home in a pricier neighborhood and give you a home that has what you want by building or renovating. Envision what a dated or non-updated home could look like with your updates, rather than focusing on what they look like currently.

8. Compromise on the Area

If you want a home less than $1 million in Los Angeles, you might have to look outside of the more upscale neighborhoods. You can explore outside of the greater Los Angeles area, but still stay in Los Angeles County, and find single family homes for much less money. The median home price in Los Angeles County is around $600,000, making it more affordable for you if you are willing to be flexible. Outlying communities still give you a close proximity to the city, but at a much lower cost.

9. The Bottom Line

Buying single family homes in Los Angeles requires you to do some work ahead of time. You need to get your finances in order. You will also need patience, and the ability to move quickly if you find a home that you like. With the right Realtor® helping you navigate the real estate market, you can make it out of the process with your sanity intact.

What Should Employers do?

Employers should share helpful information about single family homes in Los Angeles with their relocating employees. This will help transferees and their family members learn about the housing market in the city. As a result, relocating employees will have valuable information to help them easily find single family homes that meet their requirements.

Employers should also provide as much information about the new location as possible. They should work with a qualified and experienced Relocation Management Company (RMC) that can provide many useful resources to assist relocating employees and their family members. Destination spotlights that highlight many aspects of a location are helpful reference materials to share with transferees during their pre-decision process. Video destination spotlights are a great resource to visually show employees and their family members their new location in Los Angeles.

Conclusion

Global Mobility Solutions’ team of corporate relocation experts has helped thousands of our clients understand how to identify and share valuable real estate and neighborhood information with transferees. Our team can help your company share helpful information on single family homes in Los Angeles that will give transferees peace of mind as they go through their relocation process.

GMS was the first relocation company to register as a .com. The company also created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation™ technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Learn best practices from Global Mobility Solutions, the relocation industry and technology experts. GMS is dedicated to keeping you informed and connected. Contact our experts online to discuss your company’s need for information about single family homes in Los Angeles to share with your transferees, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

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