Moving with a Relocation Package – Relocation Tips Video Series

Real Estate Agent with eXp Realty of California CA DRE #01490977

Moving with a Relocation Package – Relocation Tips Video Series from the Southern California Relocation Dude


Video #3 in my Relocation Tips Video Series is about the things you should know if you are moving and using a corporate relocation package.


Here are the prior articles in this series in case you missed them:


Video #2 – Getting Pre-Approved


Video #1 – Relocation Expenses


Introduction to Relocation Tips Video Series


If you are moving to Carlsbad (or anywhere) and using a corporate relocation package (and therefore a relocation company in most cases) there are some important things to know:


1. Clearly understand all the details of the relocation package the company is offering and have it in writing. If it isn't in writing then it probably isn't binding. You should not rely on company promises that they will cover this item, or pay you X for that.


2. The relocation package may or may not be negotiable in terms of what is covered, for how long, and for how much. It doesn’t hurt to ask, especially if you are in a position to negotiate this with a job offer.


3. The Human Resources Department will likely be involved. Check with HR on any questions.


4. If there is a Relocation Company involved find out who the contact person will be and make sure you talk to them and understand how the relocation process will work and who to call whenever there are problems. Can you reach them in an emergency, at night, or over the weekend? Some employers are not fully aware of the requirements the Relocation Company has, and you may be told one thing by your company and another by the Relocation firm. Get everything clarified and in writing, especially any changes to the terms and conditions that are agreed on.


5. Understand the following key components of the relocation package: moving costs; process for selecting the moving company; insurance for the move; house hunting trips (how long and what is covered); transportation, lodging (including temporary housing), and food en route to your new home; what, if any, costs are covered for the sale and/or purchase of a home (e.g., any closing costs?)


6. Understand the reimbursement process, requirements, and limitations, plus what happens if you should leave the company within a certain period of time (i.e., is there a repayment clause)


7. Check with your accountant to understand the tax implications for certain aspects of relocation packages and money you may receive, particularly if it counts as 1040 income. And find out what you can deduct on your taxes for your relocation (e.g., mileage, lodging) and what receipts are required


8. Keep all receipts and records. Track all mileage, especially if you drive to your new location or for a house hunting trip. Your company will probably require receipts and you will need them for tax purposes. Keep copies of any receipts you need to pass along to your company and/or the Relocation firm. Keep copies of all contracts, receipts, agreements or anything else that you sign.


9. If the relocation is complex, and costly, you might want to have an attorney review it. It does become a contractual arrangement between you and the company and you want to understand your legal rights.


And THIS is particularly important - find out if you can select the REALTOR to help sell your current home, and/or buy a new one, or if that is a decision of the relocation company. You need to know this before you get started with any decision making so you don’t start working with a particular agent only to find out they cannot help you per the Relocation Company.



Stay tuned for the next post and video in this series on finding the right REALTOR to help you in your home search.


Please don't hesitate to give me at call at (760) 840-1360 so we can discuss your personal relocation situation and needs!


Have any questions? Don’t hesitate to ask – I’ve done this a bunch of times myself.




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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Jeff, People need to understand how important it is to work with an agent who understands relocation. There is far more to it than meets the eye. It gets even more complicated when selling a home and buying a home at the same time. So many things can go South ... most of which can be avoided or prevented simply by hiring the right agent!  That agent, is Jeff Dowler!

Dec 13, 2013 01:41 AM #1
Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

Thanks, Kathleen. I so agree. I have worked with a number of buyer using relocation packages and so often they don't really understand how they work and what they cover, or don't. And there is always an administrative process to go through. AND they do not always allow the buyer or seller to just pick the agent they want to work with


Dec 14, 2013 05:07 AM #2
Jean Hanley
Coldwell Banker Kivett Teeters - Hemet, CA
Specializing in Folks Who Want To Buy/Sell Homes

Jeff, you really represented yourself well on your videos.  Videos are becoming so important in our business today.  Folks want to get to know an agent before they decide whom they will go with.  Relocation is a big step for most people, and having a great agent like you Jeff, in their corner, will be their most important asset.

Dec 17, 2013 09:58 AM #3
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Jeff Dowler, CRS

The Southern California Relocation Dude
What's my Carlsbad CA Area Home Worth??
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