When an employer relocates an employee, the employee's home often has to be sold quickly and at a price the market will actually pay. A relocation appraisal supports that process. Unlike a standard mortgage appraisal, which reports market value, a relocation appraisal develops an anticipated sales price - the price the property is expected to bring within a defined marketing period - using the reporting format developed for the relocation industry (the ERC Summary Appraisal Report format used by Worldwide ERC member companies and their relocation management firms).
When a relocation appraisal is needed
Relocation appraisals are ordered by relocation management companies and employers when a transferring employee's home will be marketed by the company, purchased under a guaranteed buyout program, or priced for a managed sale. Because the company's decisions and offers to the employee rest on the appraisal, the analysis must account for how the property competes with current listings, not only what nearby homes have sold for. Forecasting adjustments, competing listings, and local marketing times are documented parts of a relocation assignment.
How the process works with Sanicola Appraisals
The assignment defines the anticipated marketing period and reporting format required by the relocation company. We inspect the property, research closed comparable sales and active competing listings, and analyze both - the closed sales support what the market has paid, and the listings show what a buyer can choose instead. The report presents the anticipated sales price with the reasoning documented, so the relocation company and the employee can see how the figure was developed and rely on it when the home is priced.
Sanicola Appraisals, LLC provides relocation and employee relocation appraisals in Washington County and Frederick County, Maryland; Berkeley County and Jefferson County, West Virginia.
Request a relocation appraisal
Relocation management companies and employers can order directly. Call Sanicola Appraisals, LLC at (240) 217-7778 to discuss the assignment and its reporting requirements.