Relocation.com’s Best New York City Real Estate Blogs

By Serena Norr

Often dubbed “the Greatest City in the World,” New York City is a cultural melting pot that millions of people call home. Within this prime locale, residents have access to fine dining and nightlife, ethnic cuisine, museums and galleries, Broadway shows, sporting events and recreational parks and facilities.

With all of these unique amenities, it’s no wonder people from all over the world are moving to New York every year. However, once you relocate to NYC there is the issue of finding a place to live. There is no shortage of housing options in NYC with luxury apartments, two-family houses, buildings, condos and coops, brownstones, and even some houses with property; however these places don’t come without a sizeable price tag. In fact, when you move to NYC you will quickly find that locale determines the price of real estate. Due to these high-rentals (and desire for space), many people have moved away from Manhattan, opting for a two-bedroom apartment in Brooklyn, as opposed to a studio in the Lower East Side. This real estate shift has greatly altered what neighborhoods are desirable in NYC; however the high-end Manhattan real estate shows no signs of slowly down with new development deals and luxury condos throughout the city.

From new commercial developments to residential brownstones on the market to celebrity deals, there is always something exciting happening in the NYC real estate scene. On the beat of the real estate industry are some extraordinary NYC bloggers that are on top of the latest industry news and trends and whose sites feature in-depth articles ranging from tenant’s rights to real estate taxes. Here are some of Relocation.com’s favorites:

Created by Jonathan Butler in 2004, Brownstoner covers Brooklyn’s real estate market, latest news, new housing developments and renovation projects. This also includes covering housing issues in Brooklyn, buying tips and pictures of houses, and listings of apartments, coops and condos on the market. The site has grown tremendously since it began that also includes a directory of services, a community forum, restaurant guide, links to various renovation blogs and a sister site called Brownstoner Philadelphia.

A free listing resource, How to Rent in NYC features no broker fee and no fee apartments. The site also includes a renters section where users can write reviews about their landlords, as well as place to read past tenant’s experiences. Created by Alicia Schwartz, the site also features a directory of no fee management companies and landlords, a helpful question and answer segment for renters, rental articles and a listing of moving companies to get you to NYC.

Covering all of Manhattan, NYC Blog Estate features current real estate listings, recent developments and informative articles about the industry. Users can also navigate their way through the site based on the neighborhood they are interested in. The site also has a buyer and seller section where interested parties can post their home or apartment for a direct sale.

A self-professed “real estate solider,” Property Grunt features the latest news on Manhattan’s real estate industry. The daily blog also provides commentary pertaining to current issues such as crooked real estate transactions, taxes and housing issues, problems with landlords, housing reports, tenant’s rights and pictures of local real estate developments.

A print and online edition, The Real Deal features daily content about real estate news, commercial developments, foreclosed properties and expensive deals throughout the NYC area. Stories can also be broken down by neighborhood and users can share their tips about real estate to the website’s editors. The site also has an event section and listing of offices, retail spaces and commercial properties for sale.

The New York Observer’s blog-The Real Estate covers stories about high-end real estate transactions, building developments, tenant experiences and market reports. They also showcase “it’s free to look” area where users can check out luxury apartments and condos on the market.

Published by the Heddings Property Group, the True Gotham blog delivers content that pertains to the inner workings of the real estate industry. Taking an open and honest approach, the site features market reports of transitions in Manhattan, industry news, podcasts and videos and a residential listing section.

As mentioned, in our Best Real Estate Blogs in Los Angeles post we are fans of Curbed and their network of websites. The New York addition — aptly named Curbed NY— follows a snarky and direct approach to covering the latest news and headlines of the NYC real estate market. The site also features celebrity homes on the market (Olsen twins home for $.45 million is just one example), real estate gossip and developments, commercial real estate news, real estate construction and a link to their flickr site showcasing gorgeous photos of real estate around the city. Sellers can also list their home and buyers can search through homes on the market at the Curbed Marketplace.

A comprehensive real estate site, Urban Diggs analyzes the Manhattan real estate market through the use of macro economics to determine real estate trends and investment strategies. Created by Noah Rosenblatt, the site provides in-depth articles, a user discussion section, charts of current trends and insider tips. The also site covers renovations, mortgages, inventory and features a contractor directory.

Everything is coming up green, which also rings true for the real estate industry. Green Buildings NYC not only covers the real estate segment, but design and construction projects in the greater NYC area. The content on the site is organized by neighborhood where users can discover the latest news and articles on green building and sustainability on office spaces, commercial real estate, architecture projects, environmental issues, energy efficient buildings, alternative energy sources, lawn development and much more. Through the site users can also learn about local events, engage in a community forum, locate jobs and search for green real estate listings.

Relocation.com’s Best Real Estate Blogs in Los Angeles

By Serena Norr

As the second largest city in the United States, and the largest city in California, Los Angeles is renowned as a hub for glamour and entertainment, amazing weather, fine dining, attractions and breathtaking beaches.

This “City of Angels” is also home to some of the most immaculate real estate properties in the world with seaside residences, homes situated in the mountains, über modern architectural wonders and green design concepts. Although these housing options are plentiful, the area was hit pretty hard by the declining housing market, causing market price to plummet and foreclosures throughout the city. However, this area is now starting to see signs of growth with the rebound of home sales. Forbes magazine even named Los Angeles one of the top 10 metro areas in the U.S that is easing from the recession. Good prospects are up ahead and relocation.com is very excited to cover these Los Angeles bloggers who are on the pulse of what’s happening in this (once again) burgeoning real estate market.

As part of the popular Curbed network, the Curbed LA edition covers anything and everything real estate throughout all of the neighborhoods in the City of Lights. This up to the minute blog is certainly on the beat of what is going on in the market through their informative, but fun articles. The site also features breaking real estate news and deals, developments in architecture, home improvement and design concepts and real estates listings, accompanied by gorgeous pictures.You can also find restaurant reviews and everything about LA fashion on its sister sites-Eater LA and Racked LA for the complete LA experience.

Covering the Westside of Los Angeles and Downtown, the Los Angeles Real Estate Blog features the point of view of real estate broker-Keller Williams and his first hand insight of this residential real estate market. Since the blog covers Downtown, most of the listings feature apartments, condos and coops, along with location information (restaurants, area amenities, etc) room features, floor plans, pictures and even YouTube videos that give users an interactive tour. The site also provides informational articles such as green living, analysis of home growth in certain areas and parking in LA with a dead meter.

Crafted by the Valerie Fitzgerald Group, Los Angeles Real Estate Talk covers the market in Beverly Hills, Bel Air, Brentwood, Malibu, Santa Monica and the Westside of Los Angeles. This luxury real estate blog showcases the latest buying and selling trends and listings, as well an a great resource for informational articles about home inspections, construction sites, loans, mortgage rules and tax credits. Buyers and sellers should be sure to check out the blogs resource page, where they can check out a payment calculator, moving checklist, budget calculator, closing costs, and understanding investment, among many other informational (and free!) resources.

The Malibu Real Estate Blog gives users the “low down” on high end real estate from techy/real estate agent, Michael Gardner. Auctions, listings and pictures, sales and real estate developments throughout Malibu are all covered on the site through Gardner’s straightforward tone. He even lists his cell phone number, so that users can call or text him directly with their listing information or any questions.

A Manhattan Beach real estate blog, the Manhattan Beach Confidential lists properties on the market and compares current asking prices to its previous sales, which gives buyers a comprehensive analysis on property values and real estate trends. The reviews also include open house times, location information and a straightforward review of a homes appearance. Recent posting such as: “First, there’s that exterior, with its hard-on-the-eyes adornments. It just doesn’t work” are just some of the brutally honest remarks regularly found on MBC.

Blogger/real estate broker, Irina Netchaev breaks down the real estate market in Pasadena through her site, Pasadena Views. This informational resource covers architecture, home sales, real estate market reports, as well as information about loans and mortgages. Home owners can also list their homes here, or buyers can search through the up-to-date free listing section. The site also features foreclosures, market statistics and profiles on Pasadena’s neighborhoods such as average home price and amount of time a place is listed on the market. The site also has a personal touch with Irina’s real-life stories of the buying/selling market, advice and insider secrets.

Covering Bel Air, Beverly Hills, Brentwood, Los Angeles, Malibu, the Pacific Palisades, Santa Monica and Westwood, the Los Angeles Real Estate Voice provides a neighborhood-by-neighborhood breakdown of real estate listing and housing news. The blog also features these areas through their own profile pages, as well as through lifestyle articles covering local restaurants, where the best schools are and an interactive video section where experts give their opinions on real estate in these markets.

Looks like brighter days are coming for Los Angeles, as the market is showing signs of some real change. Check out some of these blogs to stay up-to-date on current trends, real estate listings and industry news as they happen—we know we will!

Relocation.com Announces the Best Real Estate Blogs in San Diego

California’s second largest city and the United States’ eighth largest, San Diego is renowned for its idyllic climate, 70 miles of pristine beaches and dazzling array of world-class family attractions. No wonder moving companies are doing such a great business in the area.

San Diego County encompasses 18 incorporated cities and many neighborhoods and communities, including downtown’s historic Gaslamp Quarter, Little Italy, Coronado, La Jolla, Del Mar, Carlsbad, Escondido, La Mesa, Hillcrest, Barrio Logan and Chula Vista.

The city’s real estate market was hard hit during the past couple of years by the recession, but it is bouncing back. Home values rose in February of this year compared with February 2009, according to real estate professionals.

We thought this good news afforded the lovely city of San Diego a best real estate blogs post.

As with the other real estate posts that have gone up here during the past several weeks, the San Diego blogs can help a stranger learn about the city. Whether a user is thinking about moving or is just curious and looking around, the featured blogs offer opportunities to explore neighborhoods, taxes, mortgages and even prices of staples like utilities.

These blogs even help users find the best restaurants, doctors and dentists in the area, so if someone is planning on moving to the city, they can hit the ground running.

BubbleInfo.com, run by Jim Klinge, has more than real estate listings for San Diego and the surrounding areas. You can find San Diego crime data and school information by neighborhood, as well as a short list of recommended service providers, which include everything from insurance agents to piano tuners to home contractors.

Klinge also has a video library that puts the user on the ground in San Diego with virtual tours of properties and luxury REOs in foreclosure, as well as tips and tricks for getting the most out of the real estate market.

The San Diego Home blog is run by Kris and Steve Berg, owners of San Diego Castles Realty. For more than a decade, they have helped literally hundreds of families purchase property, and sell homes and investment properties throughout San Diego County.

The site’s listings feed allows users to view the latest 25 properties that have come on the market in each neighborhood they cover. It’s a great way to take a virtual tour and see what is available in the city.

Peter Toner’s San Diego Real Estate blog features some great articles on home buying, the state of SD’s real estate market and tax credits, as well as fantastic tips for home sellers and renters.

San Diego Real Estate Market blog has a very healthy listings page, with hundreds of San Diego rentals and homes for purchase. The blog also offers visitors a real connection to the city through event pages that list large and small happenings in and around San Diego.

Users that are interested in the social scene will delight in SD Urban, which covers the city’s urban neighborhoods and features art, architecture, dining and community events. It’s authored by Paul Jamason, and really puts the user on the ground so they can see what is happening right now. A lively comments section and diverse blog roll add to the feeling that you are already part of the community.

Voice of San Diego.org/Housing has a great home page with tons of SD housing news. The site is run by voiceofsandiego.org, a nonprofit news organization that focuses on in-depth and investigative reporting. They cover the issues that are crucial to the region’s quality of life: its politics, educational system, environment, housing, economy and more.

You can find really good reporting on this blog, and get an unbiased view of exactly where the real estate market stands in San Diego. Once you get your fill of housing, browse through the rest of the tabs and see what else is happening in this great surfer city.

Related Articles:
The Best Real Estate Blogs in San Francisco
The Best Real Estate Blogs in Minneapolis/St. Paul
The Best Chicago Real Estate Blogs

HOA: What is it?

While co-ops and condos have maintaince fees, houses located in housing developments have homeowners’ association fees. These could be either new homes, or exsisting ones.

The Homeowners’ Association collects the fees, as they are the legal entities created to maintain common areas and enforce deed restrictions. Shortly after you move in, you will receive the Covenants, Conditions & Restrictions (CC&R’s) which should clearly state what needs to be adhered to in order to maintain the quality and value of the properties located within the community.

Restrictions can include parking on street (including your moving truck on moving day), landscaping approval or types of plants allowed, fence restrictions, pool restrictions, erection of basketball hoops or tree houses, storage of boats and RVs, number of pets and age requirements of residents.

If you are looking to buy a home in a community with a HOA, you should request a copy of the CC&R’s; ask about any CC&R’s recorded against the home; find out what the current dues are; find out how often the dues have been raised during the history of the HOA; and determine if there are term limits for the Board, and if Board members have attended training sessions in efficient HOA management.

Related links:
8 Mistakes When Planning a Move
5 Easy Steps When Organizing a Garage Sale
Moving Day: A Checklist of What To Do

Co-op or Condo: Which is Right For You?

Shopping for your first apartment is such and exciting time. In addition to choosing which neighborhood to move to and seeing all that is out on the market, you are invariably confronted with the question: should you go for a condo or a co-op?

The first thing you’ll notice is that condos usually cost more. That’s because buying a condo is more like buying a house. Buyers own their deeds and pay taxes. The good news is the percentage down-payment requirements are smaller and you can sublet condos more readily than co-ops.

Co-op is short for “cooperative housing project,” and you technically don’t own your apartment, as you do with a condominium. Instead, you own shares of the co-op corporation that owns your building. The larger the living unit, the more shares you own in that corporation.

While you’ll pay less money for a co-op you need to keep in mind the board, run by other shareholders, will have a bigger say in almost every facet of living.

As thus, everything that happens in a co-op must be approved. From purchase, when the board checks personal background and finance information, as well as comprehensive employment history and background checks; to any renovation that goes on in the apartment; to subleasing, which in many cases, is not allowed at all. Moreover, co-ops require larger down payments than condos, and those all-encompassing maintenance fees are higher than in condos, although they are tax-deductible.

Finally, selling a co-op can be little harder than selling a condo. Some boards assess a “flip tax” if you resell within a set period, such as one to three years.

So, depending on your financial status, how much money you have for a down payment and how much you want to be part of a group, you can decide for yourself whether you wish to go condo or co-op.

An Alternative View of Your Mortgage

When I look at my assets these days — and it’s a quick look, trust me, I think I can look directly at the sun longer — I don’t even consider the value of my home.

Why not? Because I don’t even see it as part of my investment mix. Sure, when I sell, I hope I see a gain. But when I bought the home a couple years ago (yep, I nailed the top of the market, please keep your comments to yourself….) I looked at it as a pure financial decision: over the course of 10 years, even if we lost money on the house, would we pay more in rent, or pay more for the mortgage?

Unless I’m forced to load up the jalopy and head out West ‘Grapes of Wrath’ style, I think the answer is that I’d pay more in rent.

The thing is, I’m just not good at timing the market. Even with stocks, I buy high, sell low. That’s why I put my investing on auto-pilot and make regular investments, and do the same with selling positions that run a little hot.

I try to have the same clear-eyed view when considering housing. I knew the market was overheated and likely to come down, but I didn’t know when. And with a new Johnson on the way, I knew I needed more space. Going from a one-bedroom to a two-bedroom in New York is shockingly expensive, and doing the math, buying instead of renting made more sense (as did moving to the suburbs from the City).

So when I hear the debate about whether now’s a good time to buy a house, I think the same thing:

If you can afford it, preferrably keeping real estate costs to less than 30% of your take-home pay (yes, take-home).

and

If you would pay less on housing costs over 10 years than you would pay in rent,

Then buying a home might be for you.