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Four Reasons Why Transferees May Question the Home Appraisal Process

Companies offering guaranteed buyouts in their relocation policy are finding that their transferees are not too happy.  Is it for good reason? Yes…and no. The economy has stabilized, but the housing market still has a long way to go before there is a sustainable rebound. This can be confusing – and incredibly frustrating for employees who approach their relocation with optimism, only to learn through the appraisal process that the price of their home has sunk way below their expectations. While the appraiser, the relocation company and/or HR is not responsible for macro-economic influences, all groups should be prepared to answer tough questions about appraisals without becoming defensive. Here are the top four appraisal issues that HR should understand as we continue to manage the housing slump:

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RICK CALANNI
VP of Business Development Northeast Region

 

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