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My wife and I are being relocated and need to sell our home. My new company has offered a relocaton package that will cover my broker’s commission, as well as all other seller’s costs.

However, I am concerned that we will get a much less attractive offer on the home due to the reduced seller’s and buyer’s fees that will be avaliable to the real estate agents as a result of the home being sold through a relocation company.

Any one with a similar expereience and can give advice whether to take the package or sell through a real estate agent (who is a friend and will negotiate her rate)? Thanks

3 Thoughts on Experiences with selling home through relocation service?
  1. Reply
    sunshine_today
    July 18, 2011 at 4:16 am

    I’m confused. Where I live there is a real estate firm that does a lot of relocation work (Caldwell Banker). They don’t discount any fees, I’m not sure what you are referring to. A relocation broker is the same as any real estate agent and works at a real estate office. A relocation broker is a great thing, they help you sell at your old location and buy in your new place. It’s the same as selling your house through any real estate agent, only they are a little more attuned to your situation and try and make your transition as smooth as possible. Good luck!

  2. Reply
    mycornerofbrickheaven
    July 18, 2011 at 4:42 am

    Has the relo company told you specifically that the buyer’s agent commission will be low? Typically the listing agent won’t be making as much as they would if you listed it without the relo company but the buyer’s agent side is usually the same higher rate.

    Normally the sales go through just like they would without the relo company involved. You probably don’t have anything to worry about.

  3. Reply
    spot
    July 18, 2011 at 5:30 am

    We sold our house through Cendent. Going with the relocation company means you are using an approved agent/brokerage firm by the relo company. The listing agent/brokerage firm is getting reduced commission because it’s already being negotiated among them. However, the agent that brings in the buyer should be getting the market commission.
    Check the following:
    1. Can your real estate agent friend be approved by the relo company and register with them? If so, he may want to do that.
    2. See if you would lose any benefit if you use non approved agent.
    3. Do you have a buyout offer? If so, just go with their agent. less headache.
    4. If your neighbor market is really hot (not in most case), and if you think your friend is so good that he can market and sell the house for more, and if you are confident in him, then, you may make more money using him.
    5. If you decide to go with the relo company approved agent, you can still give the agent incentive by offering bonus to the agent and make the commission equal to what the market is offering.

    One thing I can tell you is relo company approved agent will still work as hard as he could since doing a good job means more assignment in the future.(they are all assigned by coordinator who look at agents’ performance) The key is to make sure you Don’t LOSE any benefit by not following their protocol.

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