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Working With A Relocation Company, You Have Options.

Article Submitted by: James Boyer

Thursday, 13 March 2008

Are you relocating with a paid relocation program? If so, many of the relocation companies will try to send you to real estate companies that they own. In many cases they will tell you that you have to use their real estate companies. However, you may have options. For example, a friend of mine recently relocated from Morristown, NJ with a full relocation program. He was told that he would have to use one their "preferred" (owned) Real Estate companies. However, after consulting with the relocation company and offering to pay them their required referral fee, I was able to sell my friends home without an issue. There was no impact to my friend other than he got excellent service from someone that he knew.

Whether relocating with a paid relocation program or not, here are a few important items to consider as you choose where to live: Depending on your lifestyle, make sure you are looking in an area where you will feel most comfortable. If you like the city life, you might choose a more urban location with mass transportation into the city. In New Jersey, there are many train lines that will take you into NYC. Buying a home near a train line will minimize any value depreciation and maximize appreciation.
Understand the value of properties around you and the trend of housing prices in the area. Make sure you are not in an area where home prices are declining when prices in other areas are rising. The good deal today may not be such a good deal in 3 years.
Get the right financing. Many individuals live in a house less than 5 years. In many situations a 5 year arm will have a lower interest rate than a 30 year mortgage. If you are likely to move in 5 years or less, consider this option.
Whether you have kids or not, understand about the schools in the neighborhood. The likelihood is that the purchasers of your next home will have children and schools will be important to them. Areas with great schools attract buyers with families. Keep resell in mind.
Consider proximity to major metropolitan areas and mass transit to them. If you live near mass transit (train or bus) to major metropolitan areas (such as NYC) it makes your home more valuable as individuals who would commute to those locations would have more choices.
Last, but most important, choose the right realtor. If you are unhappy with the one you were working with, change! There are great REALTORS out there who will give you the best service!

These are just a few relocation tips. Good Luck and Happy House Hunting.

Written by James Boyer REALTOR, serving the Morristown Real Estate market place. If you would like to know more about Morristown and the Midtown Direct Real Estate markets stop by my main website where you will find all the homes currently listed for sale in our MLS and a great deal of additional information about the area. Morristown NJ Real Estate is your resource for Midtown Direct real estate information.

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