b'REAL ESTATETHE REAL ESTATE TRANSACTION By Warren HeeleyDealing with property changes in the relocation processW hether moving employees from one province toNowhere is this more relevant than in the real estate component another, or to another country, real estate decisionsof a move, which has some built-in stress factors. This is espe-can make up the most significant part of the reloca- cially the case when relocations involve bridging the housing or tion process. Accomplishing a successful relocationrental price gap between two diverse markets, such as moving can depend on a companys ability to manage thefrom a down market on the east coast to one as robust as that in sale or purchase of property by using the right resources to make itVancouver. In many cases, companies will offer assistance in the as easy as possible for the transferee. way of interest free loans, paying 2nd mortgages or a portion of the rent, paying real estate fees and penalties, and sometimes even The companys objective when relocating an employee and familybuying the home (in the home location) at a guaranteed price if it is to have the process as stress-free as possible, states Teri-Anndoes not sell.Begin, relocation specialist with Re/Max Real Estate (Central) in Calgary. The end game for the company is to have the employeeFor transferees, the best resource is a skilled real estate professional focused on being productive in their new position and notwith expertise and experience in relocation. Their knowledge of worrying about relocation issues. The process should remove aslocal markets allows them to price a home to sell as quickly as much of the burden of the move as possible from the family.possible, stage a house for potential buyers and assist with finding 24PERSPECTIVES Spring 2020'