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What does it mean when a home's description states: Relo documents required?

 
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Home Buyer
in New Orleans
Ruthann, Home Buyer in New Orleans in New Orleans
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Patricia Byrd was FIRST TO ANSWER
This means the house is a relocation property and there are special addendums

Thu May 8 2008, 08:18
 
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This usually means the home is in the inventory of a relocation company that has bought out the relocated seller. Corporations use relocation companies to get their employees to their new destinations ASAP. These Corporations contract with relo companies to buy these homes and turn around and resell them.
The documents consist of Disclosures, The relo sales contract may be required,instead of the Board contract.Any inspections that have been done by the relo company are disclosed to the buyer and must be signed off on.

Thu May 8 2008, 08:16
 
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FIRST ANSWER
I am a member of Coldwell Bankers' Relocation team. When you see "relo documents required" you have paper work from a relocation company to be signed off on. This usually means the home is an inventory home of a relocation company that has bought out the relocated seller. Corporations use relocation companies to get their employees to their new destinations ASAP. These Corporations contract with relo companies to buy these homes and turn around and resell them.
The documents consist of Disclosures, The relo sales contract may be required,instead of the Board contract.Any inspections that have been done by the relo company are disclosed to the buyer and must be signed off on.
I hope that answers your question

Pat Byrd Coldwell Banker Mcmahan Co.
Crestwood, Ky

pbyrd@mindspring.com

Thu May 8 2008, 08:12
 
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