Relocation Buyers and Sellers
Relocation buyers and sellers can fall into different categories. One category is when a buyer or seller has a company assisting them with their relocation. This type of relocation has a different set of rules and documentation required to work through the process.
The Job of the Relocating Party
The relocating party’s job is to help coordinate the buyer’s move with the greatest care. If someone is looking to move out of our area, we can assist in listing and selling their home, as well as coordinating with a real estate agent in the area they are moving to. We pride ourselves in assisting to find the right agent on the other end that has the experience and personality that will best match our client. We research the background before referring someone to another agent to be certain they are in the best of hands possible. This is extremely important to ensure that the move is as worry-free and smooth as possible. We want the experience to be a great one for our client.
The move can be in the opposite fashion. We can have a relationship with a buyer who is coming to our area, but has not yet found someone to sell an existing home where they currently live. We can help them find the best listing agent in the area they are coming from as well.
There are instances where a client is renting on one end and either selling or purchasing a home. That combination works too. We will assist in the coordination of whatever our client needs.
When the relocation company assists the client with the move, the company will involve an agent that has that specialized training. We have relo-certified agents on our team that have that knowledge. A seller or buyer can request an agent of their choice, but generally that agent must be trained. The ins and outs of relo-contracts and reports are specialized.
Purchasing a Relo-Home
If a buyer wants to purchase a home owned by a seller working with a relo-company, that is perfectly acceptable. This will require the buyer to sign additional paperwork that the relo requires. There are both pros and cons to a relo-home purchase. However, the pros generally outweigh the cons. Often times, these homes are already pre-inspected and have had repairs completed based on those inspections. Some relos even offer certain warranties. Each case is different. It is definitely a plus to have someone who has the experience or resources to work with the ins and outs of a relo.
Some relocation properties are corporate owned, meaning the employer moving the seller has purchased the home so the seller can move on without the worry. Any buyer can purchase these homes, but the sale will require additional paperwork and certain clauses. Purchasing a relocation property can be a bit confusing at times but an informed buyer can reap the benefits.