Employee relocation
Why it matters
A value the relocation file can move on.
Corporate transfers depend on knowing what the employee’s home is worth before the move is priced. WesTech prepares relocation appraisals on the forms relocation management companies and HR departments expect, with the anticipated sales price and marketing period stated explicitly.
A relocation appraisal is not a listing appraisal. It looks forward: what the property should sell for within a defined marketing period, given current competition and the concessions the market is requiring. That forecast, not a snapshot of today, is what the relocation policy is built on.
Reports are prepared for relocation management companies, employers and transferring employees, signed by the appraiser who inspected the property, with the comparables, the competing listings and every adjustment set out.
Before the day of the appraisal
What to have ready
Not every item applies to every file. What's needed depends on the scope of the appraisal, and the more you can provide, the more complete the report will be.
The appraisal process
How does a relocation appraisal differ from a standard market value appraisal?
A standard mortgage or listing appraisal determines historical fair market value as of a specific date. A relocation appraisal forecasts an anticipated sales price designed to achieve a successful sale within a defined marketing period (typically 120 days or less), factoring in active competing listings, pending sales, and current market absorption trends.
Which reporting forms or guidelines do you follow?
We complete assignments using the specific reporting format required by your employer or relocation management company, such as standard CERC (Canadian Employee Relocation Council) or corporate relocation forms, ensuring full compliance with CUSPAP standards.
Can the final report be delivered directly to the employer or relocation management company?
Yes. Under CUSPAP guidelines, the report is addressed and delivered directly to the authorized intended users, which can include the relocation management company, corporate HR, or the relocating employee, depending on the client instructions.
Does the home need to be vacant during the property review?
No. An occupied and furnished home is completely acceptable and standard for relocation assignments. The focus remains on evaluating the property's overall condition, functional utility, and market appeal as it is currently lived in.
Related services
Other appraisal services.
Relocating an employee?
Send us the property address and the program requirements. We will follow up promptly with a flat-fee quote and our first available appraisal time.