Your employer has asked you to take a job transfer to another city! After the initial shock of the request wears off it is time to take the relocation process one step at a time. This is a life altering proposition that cannot be taken too lightly. The more information and guidance you have the less complicated the whole procedure will be.
There are two major components that need to be examined in this scenario… the new destination… and the present home location. The first step is to contact a relocation professional to ensure that the process will evolve in an organized fashion. If your employer has a relocation policy and a benefits package, this will need to be reviewed by the relocation specialist who will work within those guidelines.
You need to answer a personal and family profile questionnaire which is helpful in recognizing and then focusing on the necessary issues that need to be addressed. This relocation contact will provide you with an information package on the new city in question as well as the cost of living differentials. You will learn about the new community, activities, lifestyles, recreation, culture and school rankings to new basic facts. It is necessary to have as much data as possible so you can make a concise decision which will affect you, your family and also your pocket book.
At the appropriate time, you will be linked to a destination broker; also a relocation specialist, and your first visit will be planned for a tour and orientation of the new community. The employer usually provides two house hunting trips as well as a visit during the recruiting process. It is important to be prequalified for a mortgage by a bank or a mortgage broker prior to a serious housing search.
The second phase in the process is addressing the marketing and eventual sale of your existing home. We need to assess the value of your home with a broker market analysis of comparable homes in your neighborhood both for sale and those most recently sold. Your relocation policy may have various policies in place, such as, incentives for selling in a 30 day period; a loss on sale program; a third-party program or a buyer value option. Since a major sum of one’s equity is in home ownership, it is a major factor to properly coordinate the home sale here and the home purchase in the new destination.
In the situation where there is no employee assistance program, it is very important to have both sides of the transaction coordinated. A professional relocation company will handle the individual relocation with assistance of pre-marketing services on the home sale; offer bridge loan financing and third-party buy options when possible. In situations where the employee and family need to move before the home has sold, the relocation service provider has the experience to handle the vacant home. Not only will the house be continually advertised and marketed until it sells, it also needs to be properly inspected and managed until the closing takes place. After all, a transferring family has more to take care of in the new city and does not need to worry about a vacant home being left behind.
The relocation specialist can also arrange van line services, travel arrangements, temporary living accommodations and spousal employment counseling. Most importantly, many of the above services are provided at no fee to the transferee.
There are many parts to the relocation venture and having the relocation assistance and counseling along the process is key to a smooth and successful transition. Robitaille Real Estate and Relocation’s focus is to assist the whole family in transition from start to finish.
Source: http://www.robrealestate.com/68_Drop_everything,_we%27re_moving.htm
There are two major components that need to be examined in this scenario… the new destination… and the present home location. The first step is to contact a relocation professional to ensure that the process will evolve in an organized fashion. If your employer has a relocation policy and a benefits package, this will need to be reviewed by the relocation specialist who will work within those guidelines.
You need to answer a personal and family profile questionnaire which is helpful in recognizing and then focusing on the necessary issues that need to be addressed. This relocation contact will provide you with an information package on the new city in question as well as the cost of living differentials. You will learn about the new community, activities, lifestyles, recreation, culture and school rankings to new basic facts. It is necessary to have as much data as possible so you can make a concise decision which will affect you, your family and also your pocket book.
At the appropriate time, you will be linked to a destination broker; also a relocation specialist, and your first visit will be planned for a tour and orientation of the new community. The employer usually provides two house hunting trips as well as a visit during the recruiting process. It is important to be prequalified for a mortgage by a bank or a mortgage broker prior to a serious housing search.
The second phase in the process is addressing the marketing and eventual sale of your existing home. We need to assess the value of your home with a broker market analysis of comparable homes in your neighborhood both for sale and those most recently sold. Your relocation policy may have various policies in place, such as, incentives for selling in a 30 day period; a loss on sale program; a third-party program or a buyer value option. Since a major sum of one’s equity is in home ownership, it is a major factor to properly coordinate the home sale here and the home purchase in the new destination.
In the situation where there is no employee assistance program, it is very important to have both sides of the transaction coordinated. A professional relocation company will handle the individual relocation with assistance of pre-marketing services on the home sale; offer bridge loan financing and third-party buy options when possible. In situations where the employee and family need to move before the home has sold, the relocation service provider has the experience to handle the vacant home. Not only will the house be continually advertised and marketed until it sells, it also needs to be properly inspected and managed until the closing takes place. After all, a transferring family has more to take care of in the new city and does not need to worry about a vacant home being left behind.
The relocation specialist can also arrange van line services, travel arrangements, temporary living accommodations and spousal employment counseling. Most importantly, many of the above services are provided at no fee to the transferee.
There are many parts to the relocation venture and having the relocation assistance and counseling along the process is key to a smooth and successful transition. Robitaille Real Estate and Relocation’s focus is to assist the whole family in transition from start to finish.
Source: http://www.robrealestate.com/68_Drop_everything,_we%27re_moving.htm
No comments:
Post a Comment