Archive for the ‘You Got an Offer. Congratulations!’ Category
Of course, the company will have a lot of material promoting the community in which it operates. But also collect independent information from real estate agents, chambers of commerce, and other responsible agencies. The following is a checklist of issues you should be conversant with as you and your family make a decision. Most of these issues deal with cost.
HOUSING OR RENTAL COSTS
- Mortgage costs
- Real estate taxes
- Home owner insurance
- Utility costs
- Electricity
- Water
- Heat
- Natural gas
- State income taxes (if any)
- Local income taxes (city, county, township)
- Personal property taxes (if any)
- Other assessments of taxes
- Commuting costs
OTHER ISSUES
- Public schools
- Commute
- Crime rate
- Culture
- Worship
- Hospitals
There is a wide variety of practice in this area, so be clear. Many company relocation policies address such points as:
- Do you provide reimbursement of closing costs for the sale of my old house?
- Do you provide reimbursement of closing costs for the purchase of my new house?
- Will the company assist in the sale of my current house?
- If I can’t sell my old house, do you have a program that will buy it?
- Can the company provide a loan for buying a house? If so, what are the terms?
- If I need to rent while looking for a house, will I be reimbursed?
- Does the company pay for house-hunting trips in the new community? How many?
- Does the company provide reimbursement for temporary living expenses? Any limitations?
- Does the company provide reimbursement for the shipment of household goods?
- Does the company provide reimbursement for the storage of household goods?
- Does the company provide reimbursement for the shipment of family vehicles?
- Does the company provide reimbursement for the tax gross-up of the taxable portion of moving expenses?
- In the event my landlord is unwilling to release me from my lease, will the company assume the obligation for the lease?
Before you ask questions, take a close look at the written letter of confirmation and compensation summary that the employer will give you. These materials will address most of your questions. If not, by all means ask to speak with someone in human resources to satisfy yourself. By the time you make a decision, you should have details on all of these issues.