Commonly known in the relocation industry as a “guaranteed home sale” or a “guaranteed home buyout” the relocation company purchases the home directly from the relocating employee to allow the employee to continue the relocation proceeds without having to wait for an offer on the open market from an outside buyer.
How does a relocation sale work?
A relocation sale is where the property owner has been or is being relocated by the company or business that they are working for. … Most Relocation Companies have made agreements with the previous seller’s company that helps get the house under contract and settled sooner rather than later.
Do relocation companies negotiate?
If the home isn’t sold during that period, the employee’s company may totally or partially buy out the property, freeing the employee to buy a home in the new location. After the employer buys the house, the relocation company becomes the chief party in sale negotiations.