If you find yourself moving for work — and you’re lucky enough to have the services of a relocation company — be certain to get all the details on your benefits. Here are five important questions to ask.
1. How do I sell my current house?
A full-service relocation management company will connect you to a local real estate agent who will work with you to sell your house. In addition, the company should be able to connect you to a real estate agent in your new city.
2. Will I have to pack my belongings?
A relocation company typically provides a moving company that specializes in moving across the state or the country. Many times, moving companies offer packing services.
3. What if I don’t sell my current home in time?
A relocation specialist will assist in putting your current home on the market, but many employers offer either a Guaranteed Buyout Option or a Buyer Value Option. Under the GBO, the company uses two appraisal prices, averages them, then purchases your home based on that average. After you move, the relocation company sells your home. A BVO requires the seller to find a buyer with the assistance of an agent. Once a sales agreement is made, the relocation company pays the seller and completes the transaction.
4. How will my spouse find a new job?
A relocation management company often works with spouses to help them find new positions, providing, for example, connections to recruiters in the new city.
5. How will I know where to register my children for school?
Relocation specialists will provide information on school districts, registration procedures, and necessary documentation. They also will have comparison information on school districts and neighborhoods.
