Transfer of ownership
This is also commonly known as a “Relocation appraisal.” This appraisal establishes the current market value of a transferring employee’s home for his/her company to make an offer based on the properties equity. This facilitates the move for both the employee and the company. It gives the transferee peace of mind and a specific dollar figure for the purchase of a new property, and allows the company to proceed with the placement.
Key Benefits – Employee
- Peace of mind about relocation details
- Specified target price for home in new area
Key Benefits – Employer
- Freedom to move forward relocating the employee
- Cost savings in employee down time