At this time of year, many corporations are planning or in the midst of relocating employees. The most common relocation in Canada over the 1st six months of the year is Military Relocations. Whether you are planning a DND relocation or a move across our country or the world for work, or to be with loved ones, there is a long list of items that one must consider. The job of a real estate agent at both ends of the move is critical for a number of reasons. At the current location, preparation of the home for sale, the value and the timing is critical information for the transferee. In many cases, part of the family is left behind and this can become a stressful situation to say the least. At the destination, counseling the transferee can be even more critical. Here are some tips that we have passed along to our recent relocation families. You can visit any of our helpful websites for more information including DNDrelocationsystems.com or WinipegRelocationSystems.com. These sites have been created to help. Items to consider: Know your companies corporate relocation policies to understand and identify expenses that are covered, for example: travel, accommodation, services for purchasing a home, food, childcare, lawyer and realtor fees. Prior to leaving on your house hunting trip it is also a good idea to speak with your banker or mortgage representative so you are familiar with Bridge Financing, Title Insurance, Closing Costs and Lines of Credit. I would recommend that you familiarize yourself with the laws in your new jurisdiction. Manitoba , for instance has a wait of 21-30 days for the title to be registered, whereas most other provinces do not. It is good to know the Agency Laws, Home Inspection options and closing costs. One other large component of the equation that is commonly overlooked is the tax laws. Many people I speak with are not aware that you can write off all of your costs to relocate provided you meet he guidelines set by CRA. The distance of the move must be a minimum of 40 kilometers. As a previous blog alluded to, the best surprise is no surprise. Call or email us today to help you with your relocation. A High Level of Service is Not Expensive…Its Priceless!
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