Relocation home sale program

These costs can include mortgage payments, taxes, insurance, maintenance, and more. Plus, you gain freedom from the managerial burden associated with derailed employee relocation home sales.

We can integrate our traditional home sale programs into your existing relocation program to meet the needs of your company and relocating employees. SIRVA real estate relocation services include a flexible range of options, whether the home's value is established by a buyer's offer or through a guaranteed offer. Plus, cost-plus home sale program provides eliminates the need for tax gross-ups. Our team provides a predictive assessment of every relocation home sale opportunity, including analysis of key market drivers such as:.

In the U. As a mortgage banker, SIRVA Mortgage not only does the rate shopping for them, it also controls the whole process from start to finish. What Is a Buyer Value Option? How does it Help? Pam receives an offer from a potential buyer. This is where the relocation company steps in and buys the house from Pam. The relocation company will then sell the property to the buyer who put in the offer. Then, the relocation company will pay all of the relevant realtor commissions and closing costs for the sale.

Once the sale is complete and the costs have been paid, the relocation company will invoice the employer for the realtor commissions and closing costs.

For the employer, this is a business expense, so it carries no tax burden. Key Benefits The Buyer Value Option program benefits both the employee and employer during the relocation; the key benefits are: Removes the tax burden to the employee if they are being reimbursed for the cost of the house sale.

All of these home sale programs require that the property be marketed in order to attract eligible buyers. This is best achieved when listing the property with a real estate firm and Broker or Realtor that has a strong market presence in your neighborhood or area. Not only that, but when marketing and selling a home that is going through either the BVO or AVO home sale program, the Realtor should be well-versed in relocation transactions.

The reason for this is that a relocation home sale transaction follows a very rigid process that must be strictly followed by all parties. If the Realtor is inexperienced or unfamiliar with that process, even the smallest mistake could be detrimental to the transaction. Communication is equally important throughout the transaction. So, it has to be a tight loop in which all parties are kept abreast during each step of the transaction. As a best practice, RMCs prefer to work with real estate firms that have a full-time, dedicated Relocation Director and department that oversees the entire home sale process, working closely with the agent, the employee, and the RMC.

Needless to say, this would not be a good time for the Realtor to be learning about relocation home sales.

Understanding the process requires intensive training, typically provided by the Relocation Department of the real estate brokerage firm. Therefore, RMCs prefer to work with the most highly trained relocation agents, so that we can all rest assured that the Realtor knows how to appropriately handle the transaction. We want to be absolutely sure that when the listing agent receives an offer on the property, correct protocol will be followed to the letter.

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Why should you offer your relocating employees a BVO?