Here’s How To Get Help With Relocation Expenses
The housing bust is making it more expensive for workers to relocate for jobs. As a result, there is increased pressure on employers to offset housing-related losses for transferring employees. Many of the larger companies have long reimbursed managers for relocation costs like household shipping and moving expenses, real-estate brokers’ fees and house-hunting trips. During the real-estate boom, companies didn’t need to help employees with actual home sales. Homes moved quickly, and rising values often allowed employees to profit from their relocations. The most generous companies are buying employees’ homes from them at an appraised value, often determined by averaging two or three appraisals from real-estate professionals and reimbursing the employee the difference.
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