Client Services - Home Sale

AECC's Home Acquisition and Resale Closing Services eliminate the single biggest headache facing transferees - and their employers.

AECC Home Acquisition and Resale Closing Services, which complement the work of real-estate marketing services and brokers, can significantly reduce costs to the employer, compared to a direct reimbursement program, even when the employer does not offer a home-purchase benefit.

Using AECC's Home Acquisition and Resale Closing Services, the employer can realize cash savings of several thousand dollars per transferee. More important, perhaps, the employee can proceed with the new job without worrying about disposal of the old home. AECC services eliminate the need for the transferee to attend the closing.

The following home sale programs are offered through AECC and/or its Service Partners. The disposal of a residence through two separate sale transactions generally results in more favorable tax treatment as characterized by Revenue Ruling 72-339.
GUARANTEED PURCHASE OFFER
AECC will make an offer to purchase an employee's residence based upon appraisals from two or more independent appraisers. The appraisals are averaged to determine fair market value. The employee will have an acceptance period that is predetermined by their employer's relocation policy. The employee may accept the offer during their acceptance period or continue to market their residence in an attempt to obtain a higher offer from an outside purchaser (see Amended Value Sale).

AMENDED VALUE SALE
If an employee has received a Guaranteed Purchase Offer from AECC, the employee may continue to market the residence to see if a higher price can be obtained. If an outside purchaser makes a bona fide offer to purchase the residence at a price above the appraised value, AECC will amend its offer to match the offer from the resale purchaser. The employee then sells the residence to AECC, and AECC executes a contract with the resale purchaser.

BUYER VALUE OPTION
The Buyer Value Option is similar to an Amended Value Sale, except no Guaranteed Purchase Offer is given to the employee. The residence remains on the market for sale until a bona fide offer to purchase is received from an outside buyer. Once an acceptable offer has been received, AECC will make an offer to purchase the residence at price established by the resale purchaser.

DELAYED APPRAISAL OPTION
This option is a hybrid between a Buyer Value Option and a Guaranteed Purchase offer. This program requires the employee to market the residence until an acceptable bona fide offer is received from an outside purchaser. If an offer has not been received after a stipulated period of time, appraisals will be ordered and a Guaranteed Purchase Offer will be tendered to the employee.

IN-HOUSE PROGRAM
An In-House Program is a Client Company who has employees on site to manage their relocation program. Instead of using a third-party relocation party to purchase their transferred employee's residences, the Client Company acquires and resells the residences in the name of the Client Company. Many Client Companies who have an In-House Program use AECC to order and review title, calculate the employee's equity, and coordinate the resale closing.