Bar Bulletin

Bar Bulletin

Seller and Buyer Perspectives for Relocation Home Sales

January 2023 Bar Bulletin

By Kary Krismer

Large employers frequently hire employees living far from where they will be employed and transfer existing employees to areas distant from their current homes. Such hires and transferees are often offered relocation benefits of varying types. For example, the employer may offer to pay to move the employee’s household furnishings and vehicles. The focus here will be on one specific relocation benefit: Assisting in the sale of an employee seller’s (hereinafter merely “employee”) current home. The issues covered will relate both to employees and buyers considering purchasing an employee’s relocation property.

Relocation benefits can be extremely valuable. A robust relocation package can...

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