Candidates

Well, if you haven’t done so already, it is time to get your candidate plan into place, and I am not just referring to the recruiting and interviewing processes. I am referring to helping your candidates understand how much their home is worth at the time you are presenting them a job offer. I’ll go back to my post from last week; most sellers are unaware of today’s value of their home.

I am of the opinion that the best thing we can do for relocating employees is to arm them with solid information. This creates informed decision makers. I see far too many employees today accepting job offers and beginning the relocation process, only to find out their homes are not nearly worth what they expected and they are upside down in their mortgages. It is hard to imagine the whirlwind of emotions these families face when they are this far into the process. Add this to the fact that many have already left their former jobs.

So, what can we do to help with this situation? Personally, I think spending a few hundred dollars initially to order a relocation appraisal is a very safe bet. If you are hesitant about making a financial investment up front, you could consider getting not just one but two broker market analyses. This will give the employee the ability to review the results in advance and then accept the job offer with full understanding.