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[quote=Anonymous][quote=Anonymous]NP here, about to go through this too.

How does the relocation company thing work, they basically buy your house from you at agreed upon price (market price) and then they proceed to sell the house? That's what it sounds like to me but we don't have all the details yet. My concern would be do you assume any risk of paying the difference if the house won't sell for the agreed upon price and they need to drop the price? [/quote]

This is the PP who was relocated 3 times.

We almost got screwed by this.  When DH's company promoted him - thus forcing a move to corporate HQ - they offered to buy our house. This was in 2008 when the economy was in the toilet and our house was valued at $200K less than we had paid for it only 2 years before then.  (this was in another state).

The appraisal was done by 2 different appraisers that the relocation company chose, they would not let us choose the appraisers.

Anyhow, the relocation company reassured us that the house would appraise and for us not to worry and to move forward with our move....which we did.  When we arrived in DC we found out about the $200K slash was real and that we were going to lose all that money.  I lost it because that was essentially our downpayment that we had worked very hard to earn. If we had to come up with that difference at the closing table it would have been disastrous.

DH called HR and his boss at his company and told them  "...we did not ask to be relocated, it was a requirement for the job. and that if they didn't come up with the difference that they could relocate us back to our old house in our old state because no way were we going to get screwed by this....".  Long story short. They paid that $200K difference but DH had to sign a 2 year agreement that he would not leave the company until his contract was up.

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