Purchasing a Corporate Relocation Home in Phoenix

avatarthumbnail.jpgThe basic concept remains the same but the execution changes a little bit when you’re purchasing Phoenix real estate from someone going through a corporate relocation. Here’s what you ought to know:

1) The seller isn’t selling directly to you. It’s the seller’s choice whether to accept your offer and the seller handles all negotiations. But once everything’s been agreed upon, the seller actually will be selling the house to the relocation company who then sells it to the buyer. This leads to …

2) More paperwork than normal. You’ll receive a copy of the Sellers Property Disclosure Statement from the sellers, and also a blank version of the same form from the relocation company. There will be a handful of addendums detailing what inspections have been done and the different items for which the relo company will not be held liable. Time is of the essence with the paperwork because …

3) Relocation companies will not sign off on a contract until all the paperwork’s complete. This leads to a bit of a headache at the beginning, but the good news is …

4) Everything runs normally after the paperwork is signed. The seller won’t be able to sign off on the inspection request, for example, but that paperwork comes back from the relo company in a timely fashion. And in most cases, ownership of the property transfers from the seller to the relo company immediately after the inspection period, meaning you’re not dealing with two separate parties from that time forward.

What’s the bottom line? If you’re looking at a home being sold as part of a corporate relocation, know up front there’s going to be a touch more leg work involved. But at the end of the day, if it means you’re able to get the home you want at the price you want, it’s absolutely worth it.

[tags]Phoenix real estate[/tags]

Jonathan Dalton

Jonathan Dalton is a 40-plus-year resident of the Valley and has been helping folks buy and sell homes since 2004. He can be reached at 602-502-9693 or info at allphoenixrealestate.com.

1 Comment

  • Kathy Torline 9 years ago

    Great article — I helped buyers purchase several corporate homes in Colorado; and they can definitely be a good deal.

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