Home Buying in Covington>Question Details

Ruthann, Home Buyer in New Orleans, LA

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

Asked by Ruthann, New Orleans, LA Sun May 4, 2008

Help the community by answering this question:

Answers

3
This means the house is a relocation property and there are special addendums
0 votes Thank Flag Link Thu May 8, 2008
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.
0 votes Thank Flag Link Thu May 8, 2008
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
0 votes Thank Flag Link Thu May 8, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer