{"id":8118,"date":"2021-08-31T09:50:00","date_gmt":"2021-08-31T16:50:00","guid":{"rendered":"https:\/\/www.flyhomes.com\/blog\/?p=8118"},"modified":"2021-08-31T09:49:05","modified_gmt":"2021-08-31T16:49:05","slug":"how-does-a-relocation-company-sell-your-home","status":"publish","type":"post","link":"https:\/\/flyhomes.com\/blog\/how-does-a-relocation-company-sell-your-home\/","title":{"rendered":"How does a relocation company sell your home?"},"content":{"rendered":"\n

Sometimes, the big life change of buying or selling a home happens because of another big life change: a new job. When that\u2019s the case, a relocation company may become part of your real estate experience. <\/p>\n\n\n\n

What is a relocation company? <\/h2>\n\n\n\n

A relocation company is hired by your company to help you, as an employee, move from one place to another for a reason related to your job (such as starting a new job or your current office location closing). <\/p>\n\n\n\n

Relocation companies offer a range of services which may include selling your current home and buying a new home. <\/p>\n\n\n\n

Note that \u201crelo\u201d is a nickname for both relocation companies and homes offered for sale by relocation companies. <\/p>\n\n\n\n

How does a relocation company sell your home? <\/h2>\n\n\n\n

There are two main ways a relocation company will work to sell your home. The descriptions here are from one real relocation company; you may find different options from company to company. <\/p>\n\n\n\n

Here are the options you can expect to choose from.  <\/p>\n\n\n\n

1 –<\/strong> Buyout.<\/strong> In a buyout, the company pays you for the home. The relocation company will inspect the home and complete multiple home appraisals<\/strong><\/a> to arrive at a buyout price. They\u2019ll purchase the property from you at that price. <\/p>\n\n\n\n

In order to find out the price, you need to agree to this option without knowing the exact price. Of course, it\u2019s in the company\u2019s interest to make this price as low as possible, and it will generally be lower than market value. <\/p>\n\n\n\n

Why would you take that risk? Typically people choose this option when they want to get the proceeds of their home sale and move quickly, or simply because they want to be finished with the process as soon as possible. <\/p>\n\n\n\n

2 –<\/strong> List the home on the market. <\/strong>This option isn\u2019t very different from selling your home without a relocation company. <\/strong>Here, the home is sold with a real estate agent on the market with standard practices such as photography and open houses. You will get to choose between offers from buyers should multiple people want to buy your home.<\/p>\n\n\n\n

This option allows you to make sure you\u2019re comfortable with the price you get for the home. You\u2019ll be in regular contact with the relocation company. The company may continue to ask you to agree to a buyout with an unknown price. <\/p>\n\n\n\n

The real estate agent in this deal will make a significantly lower commission than they do in other home sales, as the relocation agency receives part of their commission. <\/p>\n\n\n\n

What should homebuyers know before buying from a relocation company? <\/h2>\n\n\n\n

If a relocation company is selling a home, it\u2019s not only the employee they\u2019re working with who\u2019s affected. Buyers on the market may come across relo homes. <\/p>\n\n\n\n

You may have more negotiating power <\/strong><\/p>\n\n\n\n

If the relocation company owns the home, you may be able to negotiate more aggressively than you would on another home in the same market. The company will generally prioritize getting back the money they spent rather than getting the highest profit. <\/p>\n\n\n\n

You may face a longer timeline <\/strong><\/p>\n\n\n\n

Relocation companies typically follow a Monday-Friday work week, unlike real estate agents. They may take longer to respond and it may take even more time for them to communicate with the seller. <\/p>\n\n\n\n

Contingencies are less likely to be accepted <\/strong><\/p>\n\n\n\n

The company will want a smooth transaction, so they\u2019ll look for clean offers without <\/strong>contingencies<\/strong><\/a>. This can mean taking on more risk as a buyer, so be sure to consult with your agent about what contingencies you can confidently waive. <\/p>\n\n\n\n

Points to remember <\/h2>\n\n\n\n