The real estate market has become a buyers market and for those who don't get to choose when they move, it makes for really bad timing. It's not just bad timing for the employee but also for the employer who is asking for the move. Not only is it causing delays in getting that employee where they need them but it is also costing them money. No one is going to want to sell their house at a loss by choosing to do it in this market, so either the company is going to pay the employee the difference or the raise will have to make it worth their while.
Although now some companies are putting restrictions on the home sales like preventing the worker from selling their place for more than a set percentage above appraised value. Other restrictions include requiring an approved real estate agent or not proceeding with the buyout until the home has been on the market 120 days. Some are even offering the buyers and brokers cash incentives because that could be cheaper than buying out the homeowner.
The down side of all this could be the huge reluctance of employees to relocate to where they are needed.
http://www.realtor.org/RMODaily.nsf/pages/News2007061802?OpenDocument
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