A relocation company is a company that specializes in helping employees move from one area to another for work needs. Relocation companies often work for employers. A watch is a home sale that is completed with the help of a relocation company. These companies are hired by companies to help their transferred employees move.
A watch company could help the transferred employee hire movers and find a rental home. If the employee owns a home, the relo company could help the employee sell the old house. Relocation companies offer a variety of services between coordinating moves and handling real estate transactions. This is a non-exhaustive list of some of the specific services offered by relo companies.
While the company can handle the entire sales process for an employee moving to a new area, outside buyers can also find an opportunity to purchase the property that same employee has just vacated. After the employer buys the house, the relocation company becomes the main party in the sale negotiations. You hired them to do a job, so it often makes sense for the company to give themselves more time to negotiate a sale or to have a property to relocate future customers to. Having the sale of a home as part of your company's relocation program can be a major benefit that makes the move more enjoyable for the employee, and gives the company an employee who, as they say, “is on the ground and firmly planted in a new location.
Relo sales are sales managed by relocation companies rather than real estate agents or individual buyers and sellers. Corporate relocation services often help with employee relocation assistance, which can sometimes include selling the employee's current home as well as buying a new home in the new location. The relocation management company (RMC) used by the employer, such as Lexicon, then buys the house on behalf of the company and sells it to the buyer. Corporate relocation services often offer employee relocation assistance, including selling the employee's current residence, as well as purchasing a new home in the desired location.
For the first few months the house is on the market, the home usually remains in the employee's name, and the relocation company provides pricing and marketing advice. Before accepting a position that requires your relocation, be sure to review the relocation or agreement to see what level of service you will receive for your move. Relocation companies are usually hired by a corporation to help move their employees from one area to another. RMCs provide outsourced relocation logistics management Although employee relocation is a logical function for corporations to outsource, it is not the main justification for its existence.
Most relocation logistics services are outsourced todayBefore the 1970s, the relocation of employees was usually carried out by departments. The relocation company will offer advice on pricing, marketing and any other advice to sell the house quickly. While relocation sales don't necessarily translate into quick-sale prices, buyers can count on the home to be priced right for their market, says Michael Nimer, chief operating officer of OneSource Relocation, a relocation company in Marietta, Georgia.
