Home Buying in 10567>Question Details

Kevin, Home Buyer in 10567

well i bid 6k over the asking price and i learned a relocation company is involved in the sale. the owner is being transferred to south carolina.

Asked by Kevin, 10567 Thu Mar 17, 2011

should i stay away from this property because a relocation company is involved ?

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10
No, a relocation company wants to see this property sold. Use a full time , top 1% agent in your area to help you.
Web Reference: http://www.johnkrol.net
0 votes Thank Flag Link Fri Mar 18, 2011
Many companies that have in offices in multiple offices across the country or the world oftentimes hire a relocation company to assist in the sale. Many times the employee already transferred away and cannot deal with the day to day showings of the property. There shouldn't be a problem here. Good luck!

Ralph Windschuh
Associate Broker
Certified Buyer Representative
Senior Real Estate Specialist
Century 21 Princeton Properties
631-467-0009
rwindschuh@c21princetonproperties.com
http://www.c21princetonproperties.com
0 votes Thank Flag Link Fri Mar 18, 2011
Well, the asking price must be an attractive one!
You should not stay away because a relocation company is involved. The delay ina bid response is normal. Gail is right on. This is not like a short sale. Since a relocation company is involved, there is more paperwork and more layers for the approval process. That said, I am usually more confident in getting a transaction completed for a Buyer when a relocation company is involved on the Seller side for a few reasons. Like any transaction issues will crop up; but relocation professionals have experience and experience is usually helpful.
Good luck.
0 votes Thank Flag Link Thu Mar 17, 2011
It does not matter who the seller is. Relocation companies merely facilitate certain companies to create ease in employee transfers.
Web Reference: http://GailGladstone.com
0 votes Thank Flag Link Thu Mar 17, 2011
Kevin,
If the only concern you have is that you are dealing with a relocation company, then I wouldnt be concerned. Relocation company is only involved as it may be part of the incentive package for the present owner to relocate to SC.

More than likely you will eventually buy from the relocation company as they will have already bought it from relocating employee. Only thing different is they will have a form saying that they have never lived in that property before but should also have an recent inspection report available to you. Good luck with your purchase.

Andrew Rogovic
Associate Broker
Better Homes and Gardens Rand Realty
914-263-2743
0 votes Thank Flag Link Thu Mar 17, 2011
Each real estate transaction stands alone HOWEVER your buyers agent can assist you AND I never had problems with these types of sales contracts

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes Thank Flag Link Thu Mar 17, 2011
Hi, There's your answer, relo companies take a little longer. I wouldn't stay away, these transactions are successfully done quite often. You are delaing with a compnay not an individual seller, this happens when banks own properties as well. They all have their own process. It sounds like you have a great offer, hang in there.

Christopher Pagli
Licensed Associate Broker
Accredited Buyer Representative
GREEN Designated Agent
William Raveis Legends Realty Group
914.406.9023
0 votes Thank Flag Link Thu Mar 17, 2011
I've listed and sold relocation properties and there is often a delay in response. There is a lot or "red tape" when it comes to properties that are listed with corporation relocation divisions. It is often owned by the corporation and many decision makers have to be in agreement before they will respond. If it's a good deal, I would say, hang in there. You're patience will pay off in the end.
0 votes Thank Flag Link Thu Mar 17, 2011
Kevin, you left out a lot of info that we need to give you a good answer my friend...
0 votes Thank Flag Link Thu Mar 17, 2011
As for staying away--Did you have a home inspection, if so did it turn out well; do you have an agent...unclear, was the appraisal for 6K less, if so did your agent try to renegotiate on your behalf, is there a loan inolved, etc.; consult with your agent.
0 votes Thank Flag Link Thu Mar 17, 2011
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