When Im offered a transfer, what are some critical questions I should ask my employer?
When pondering relocation, good questions may be the most important item in your "tool box." Todays job candidates are wiser, more knowledgeable and move sophisticated than before. Still, it's important to ask tough questions and consider all your options.
Here are some questions you might ask:
- Will the company pay me a bonus for moving?
Ask around if the company has paid other employees a special bonus for relocating. If bonuses are paid, the word has probably gotten around.
- Will I get a bonus if I use my own real estate broker and sell the house myself?
Some companies offer a bonus of 1% or 2% of the appraised market value of the house for successful advance marketing.
- How many trips to the new area will the company provide?
Often, two or more such trips are among relocation benefits.
- What home buying costs will the company pick up?
Many companies pay closing costs, mortgage fees and points. Some also pay for credit reports, inspections, title searches and other services.
- Will the company ship all my possessions?
An important question. Most companies have lists of items they will and will not pay to ship. Be sure to ask about such large items as cars (how many), boats, RVs, lawn tractors, lumber, exotic pets, horses, farm equipment, even firewood. Also ask about expensive items such as artwork, collections, furs, or heirlooms that might require additional insurance.
- If I take this job, my spouse will be out of work. We need that second income; how will the company help?
Some companies have an established spouse job assistance program. Others may help on a case-by-case basis, or not at all.
Forewarned is forearmed. Call or e-mail us. We'll be glad to advise you on our experience with these questions and also help you in any way with your real estate needs.