Relocation Guide – Know your costs
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Corporate Relocation – Know Your Costs

Find out who covers the cost of your relocation. Typically in a corporate relocation the company covers most or all of the moving costs, but it may or may not cover all the costs you will have during the relocation process. As you make plans for relocating, be sure you consider – and get answers – to the following questions:

  • Will the company pay for an orientation and house hunting trip to the new city?
  • What actual moving costs are paid? Packing household goods? Moving your car, boat, or other vehicles?
  • Who pays closing costs?
  • Will the company help sell your old home? Compensate you if it doesn’t sell by a certain date?
  • What about employment help for your spouse?
  • If you have an elderly dependent will the company provide relocation support for elder care? (According to an Atlas World Group Survey, only 8 percent of companies presently offer such support.)

Even if your company is not paying all these expenses, talk to your corporate relocation expert. These experts can provide cost-of-living comparisons between your old and new homes, plus resources for spouse job searches, child and elder care.

Learn More About Corporate Relocation
To learn more about other Corporate Relocation and personal relocation topics, please review the other articles in this section.

To find a GMAC Real Estate agent with certifications as a Corporate Mobility Specialist or as a Relocation Professional please click here.

If you are a Corporate Relocation manager and would like to learn about the services GMAC Home Services can offer your businesses, please visit the GMAC Global Relocation Services website.

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Takeaways

  • Know what relocation costs your company covers and what you will cover.
  • Your corporate relocation expert is the best resource for information.
  • Questions to ask include: What actual moving costs are paid for? Will your spouse be aided in a job search?

Did you know?

  • Each company will have its own relocation policies.