Human resources departments within some companies, especially larger companies, offer transferring employee’s relocation packages which assist them in disposing of existing homes. Typically, the company will move the employee and buy his or her home at the time of transfer. This will free the employee to immediately buy another home in his or her new location. Relocation Appraisals are typically prepared on Employee Relocation Council appraisal forms. These forms differ from Fannie Mae forms used to prepare appraisals for mortgages. The process of performing a Relocation Appraisal differs from that of a mortgage appraisal in that, local market forecasting is required and the cost approach is not used. Appraisers most familiar with Relocation Appraisals should be employed to perform this service.
ELLIOTT® has performed Relocation Appraisals for 25 plus years. We offer service throughout the United States.