HOME SALE PROGRAM TYPES

HOME SALE PROGRAM TYPES

Direct Reimbursement
This is a straightforward home sale program as the transferee will be responsible for the marketing and sale of the home. Upon closing, the transferee is reimbursed for the real estate commission and customary non-recurring seller’s costs associated with that sale. This program allows the company to stay out of the transaction and, as such, has no risk of owning the property if a sale or closing does not occur. There is a significant tax impact with this program. Reimbursed home sale closing costs are viewed as taxable income by the IRS. As a result, there is an added tax burden that can become significant for the employee or company dependent upon if the reimbursement is tax assisted or not.

This program mitigates the tax liability of the direct reimbursement program. It allows the transferee to list and market the home until an offer is received on the property. The Relocation Management Company (RMC) purchases the property from the employee based on the sales contract amount, the same terms, and conditions, and in turn sells it to the ultimate buyer. For the BVO program to be IRS compliant, there are two separate sales that take place for the property. This removes the tax liability for the costs covered for the real estate broker’s commission and the seller’s closing costs of the property. However, if the sale falls through for any reason, there is the risk of the home being taken into inventory.

With a GBO / AV program, the transferee/homeowner normally has a company policy defined timeframe in which to find a buyer for the property. Timeframes for marketing requirements can range from 60 to 120 days. If the transferee is unsuccessful in selling the home, they have the option of taking the Guaranteed Buy-out offer from the RMC. This GBO value is based on the average of two relocation appraised values.

LINK TO TECHNOLOGY
LINK TO DATA SECURITY
LINK TO REPORTS
LINK TO BVO AND GBO/AV OVERVIEWS – .PDF IF EMAIL PROVIDED
LINK TO 11 KEY ELEMENTS – .PDF IF EMAIL PROVIDED

Request A Free Assessment – Get Started Today.

RESOURCES

From informative white papers, current events, and trending blog discussions—our resources provide you with relocation and global mobility information at your fingertips.

Events

The InterLink team are proud members of many industry associations, attending events regularly. This involvement allows us to stay current with industry trends, innovations, and legislation.

Topic Papers

The InterLink team, leading corporate relocation and global mobility professionals, and industry partners discuss key topics that are impacting the relocation and global mobility space today.

Blog

Dive into the discussion of trending topics, events, and legalities that are affecting the relocation and global mobility industries.

Read More

click here to start your program

TESTIMONAILS

InterLink is truly invested in our success. The outcome has been an excellent alignment between the company’s needs and those relocating. We are happy to be part of the InterLink ‘family’. More importantly, so our employee
Multinational Cement and Energy company employing over 12,000 with more than 220 locations
I like everyone I work with at InterLink – personally and professionally. They are good people with good intentions who show their appreciation for our business, every week, and every day. We help each other.
Domestic non-clinical Dentistry in 17 states with over 200 locations
My first meeting with InterLink convinced me there was something better, and we made the switch to InterLink. InterLink proactively considers our needs to provide solutions and maximize results for us, and most importantly, our employees.
Industrial and Consumer manufacturer of recycled paper products
Our company was faced with changing relocation vendors due to the poor customer service level. When reviewing Interlink’s proposal and touring their site, I was impressed. However, I still had concerns about their size as it relates to managing national and global projects. Erroneously, I thought a relocation company had to be a well-known, to handle national and expatriation relocations. After two years into our contract, Interlink’s performance has exceeded my expectation. • Their service is cost competitive • Their customer service levels are highly responsive • They provide recommendations and guidance based on market trends • They customized relocation plans to meet our business strategies • Most importantly, they handle the entire relocation process in a seamless fashion.
Multinational Conglomerate, operating in 34 countries with more than 120,000 employees
One of the best aspects about InterLink is that they accommodate our specific needs. Once they understand what’s involved, InterLink develops the best solutions for the company AND the employees, minimizing stress for everyone.
Advanced Engineering company providing state-of-the-art solutions in Defense, Federal, Global, Cyber and Intelligence

INDUSTRY PARTNERS