Did your house make you lose a job opportunity?

Rhodes Porter Luxury pricing my house to sell frustration

With the job market becoming more global, it is vital for the potential employee to be ready to move to a different state or even country, but will your house make you lose out on a job opportunity? Some companies budget for employee relocation to assist in moving expenses, although more times than not the amount budgeted is doubled or tripled due to a overpriced purchase of a home or in its currently location the home is hard to sell. When looking for a candidate for a position, the company will look at the amount for salary, fringe benefits and the cost to relocate the employee.

Let’s say you purchased your dream home. Your current employer decides to downsize, so you and many other coworkers living in the same area find job opportunities out of town. All of you try to sell your home at the same time. Because the inventory of homes is so high, after a year, many homes in the area including yours do not sell. During this time you are faced with the costs of either paying two house payments plus family expenses. commuting cost or your new employer will have to increase the allowances for your transition. This could be too costly for you and your new employer.

Make sure before purchasing your next home you take into consideration how much it will cost to relocate. So your house does not make you lose a job opportunity, make sure you get advise from an unbiased pre-move counselor.