What does a relocation service do?
Relocation companies are typically hired by a corporation to help move its employees from one area to another. Corporate relocation services often help with employee relocation assistance that can sometimes include the sale of the employee’s current home, as well as the purchase of a new home in the new location.
How much do companies offer for relocation?
An average relocation package costs between $21,327-$24,913 for a transferee who is a renter and $61,622-$79,429 for a transferee who is a homeowner. Of course, this number is just an average of what larger corporations are spending on employee relocation – the relocation amount can be anywhere from $2,000 – $100,000.
What is the average cost of relocation?
The national average cost of moving is about $1,400 with a range from $800 to $2,150. Note, however, that this price range is for a 2-person moving team completing a local move of less than 100 miles….Average Cost of Movers.
| Type of Move | Low Estimate | High Estimate |
|---|---|---|
| Short-distance | $800 | $2,150 |
| Long-distance | $2,200 | $5,700 |
What is a relocation home?
A relo is a home sale that is completed with the help of a relocation firm. These firms are hired by companies to help their transferred employees move. A relo firm might help the transferred employee hire movers and find a rental home.
What is a fair relocation package?
A typical relocation package usually covers the costs of moving and storing furnishings, household goods, assistance with selling an existing home, costs incurred with house-hunting, temporary housing, and all travel costs by the employee and family to the new location.
What is a reasonable relocation package?
How do relocation companies work in real estate?
A relo is a home sale that is completed with the help of a relocation firm. These firms are hired by companies to help their transferred employees move. After the employer buys the house, the relocation company becomes the chief party in sale negotiations.
Will a company pay for relocation?
There Is No Obligation for Employers to Cover This Expense: No laws require moving assistance. Employers may offer it as a perk at their discretion. When Offered, Job Relocation Packages Vary: Some will offer a lump sum, while others will ask you to track your receipts for reimbursement.