Employee Relocation Appraisals
Moving with a Job is Hard Work
Packing and moving is already stressful, without the added pressure of short notice and corporate red tape. The Company usually orders the relocation appraisal to get a quick and accurate value of the home's price potential. The results can help the company put together an accurate compensation package for the move
For the purpose of relocation, the appraiser takes into account factors beyond the intrinsic value of the home. The state of the market is especially relevant when a sale must happen quickly. If the market is hot homes will sell quickly for asking price or over. In a ‘buyers market’ with slower sales, homes will sit for a while and likely wait around for a decent offer. These are important things to consider when a family is moving and needs a new house in the next location. The appraising professional factors all of this into the report.
A mortgage appraisal takes a wider, long term view of the value. Relocations happen quickly, and the appraiser is assessing what the value might be in the next few months of the selling window.
Many immediate factors go into a relocation appraisal, like market competition, new developments, historic price trends, and how the market pace is impacted by mortgage interest rates.
837 Arnold Drive #210, Martinez, California 94553, United States
Phone: (925) 228-7108 E-mail: mario@sfbayapp.com