Undoubtedly, you've mentally been through the obvious rental, lease, exchange and sale possibilities in the real estate market for both your current and potential locations, so I guess you're asking about your chances to up the relocation benefits through negotiation. It depends on whether the potential employer thinks you'd bring more to the company's bottom line than you'd cost with a generous relocation package.
Jessica Holcomb prepared for a new job, a new company and a new part of the country. What she wasn't prepared for was a low-ball home appraisal and high closing costs involved in her relocation. I had to come up with $80,000 in down payment and closing costs between the two homes," said Holcomb, 30, who left her hometown of San Antonio, Texas, for Pittsburgh and a job at Carmeuse North America a few months ago
Debbie Butler is on the phone at home in Irvine, Calif., with one ear listening for the doorbell. She's expecting a visit from a real estate agent showing her home. Butler is in relocation mode. Her husband, Mark, begins his new job in the shipping industry on the East Coast this week and has temporarily settled into his sister's summer place in Morris County. Debbie remains behind to sell the California house and pack up their belongings before heading to New Jersey, where the couple will buy their next house.
Dealing with the weak US housing market has become the top priority for most corporate relocation officers. The reason: A tight labor market makes it increasingly important for companies to get the right workers in the right locations, and that goal trumps relocation cost containment at the moment. By far, the topic most on the minds of corporate relocation managers these days is the housing slump. Dennis Taylor, senior consultant, Runzhezimer International, says that homes acquired by relocation programs after employees were unable to sell them typically remain unsold for another 45 to 60 days now, up from an average inventory of 15 days two years ago. employees. Taylor says companies are turning to a variety of strategies to deal with those rising home inventories. Some have put house...
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