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Does Garrett Relocation Sell Real Estate?
No. Garrett Relocation manages every aspect of the relocation
process, including assigning an experienced real estate
agent. Through our team of real estate brokers, mortgage
companies, and inspectors, we coordinate all departure/destination
benefits.
Can you really help a transferee anywhere
in the country or world?
Yes. With our global network of service providers, Garrett
is able to coordinate and manage the entire process, and
keep in close contact with your transferee during every
step of the move.
One of my challenges is to forecast
the cost of a move, can Garrett Relocation help?
Garrett facilitates cost of living and move information
for cities and countries throughout the world. The information
provides our clients with accurate cost differentials that
can be customized by income, family size, home size, and
many other variables. This is a great tool for recruiting
and budgeting.
We have incurred significant costs associated
with multiple moves by the same employee. Is there anything
that can be done to help insure he/she selects a quality
home in the new location?
Locating and purchasing a new home can be a complicated
and stressful activity. Without a well-planned and organized
househunting trip, it is extremely difficult for employees
to reach a decision on their biggest investment in just
a matter of a few days. Garrett assigns a real estate professional
who is best suited to identify your employee's needs and
narrows the search to specific communities that match those
needs. This formal process helps insure a good investment
decision is made, which improves home sale marketing if
the employee is asked to move again.
How do your counselors help the relocating
employee?
Our Relocation Counselors help the transferee understand
the relocation benefits provided by their employer (policy
counseling), and then assists with the activities necessary
to complete the relocation. The Relocation Counselor is
available to answer all of the transferee's questions, help
with the often-complicated logistics and paperwork associated
with relocation, and serve as a single point of contact
throughout the relocation process.
Since I am unfamiliar with my new location,
should I rent before I buy?
A real estate agent who specializes in relocation understands
that it is just as important to help the family find an
appropriate community and lifestyle as it is to find the
perfect home. The right agent will connect you to your new
community quickly, saving interim housing and storage costs.
Can I deduct any expenses if I am relocating
for employment reasons?
The distance between your new job and your former residence
must be at least 50 miles greater than your old commute.
That means if you lived 10 miles from your old job, your
new job must be at least 60 miles from your old home before
you can deduct moving costs.
Which expenses can I deduct?
If you meet the distance and time test, you may deduct
expenses related to the moving of household goods and the
cost of your transportation and lodging from your old home
to your new home. Reimbursements by your employer for other
relocation expenses are considered ordinary income and will
be subject to withholding at time of reimbursement.
My employer does not reimburse me for
storage of household goods. During my relocation, I stored
everything for four weeks because my new home was not available.
Can I deduct these costs?
Yes, the cost of in-transit storage of household goods
up to 30 days is deductible. Add what you paid for storage
to the costs of your household goods shipment on IRS Form
3903.
What is Interim Housing?
Interim housing is short-term housing that is available
to a transferee prior to the time permanent housing becoming
available for occupancy.
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