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RELOCATION HOMESALE PROGRAM Presented By: Amanda Ray

RELOCATION HOMESALE PROGRAM Presented By: Amanda Ray. FTR §302-14.1 What is a “homesale program”?

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RELOCATION HOMESALE PROGRAM Presented By: Amanda Ray

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  1. RELOCATION HOMESALE PROGRAM Presented By: Amanda Ray

  2. FTR §302-14.1 What is a “homesale program”? A “homesale program” is a program offered by an agency through a contractual arrangement with a relocation services company. The relocation services company purchases a transferred employee’s residence at fair market (appraised) value and then independently markets and sells the residence.

  3. FTR §302-12.111  Under a homesale program, may we establish a maximum home value above which we will not pay for homesale services? Yes, if a home exceeding the maximum value above which you will not pay is sold under your homesale program, the employee will be responsible for any additional costs.

  4. ARC’s Blanket Purchase Agreement (BPA) • GSA Schedule 48, Transportation, Delivery and Relocation Solutions (TDRS) • SIN 653-1: Relocation Service Package • SIN 653-4: Additional Services • SIN 653-5: Agency Customization Services

  5. GSA Schedule 48, Transportation, Delivery and Relocation Solutions (TDRS) SIN 653-1: Home Sales Services • Homesales Services • Appraised and Amended Value Sales • Home Marketing Assistance • Working with the real estate agent to provide real estate advice to the transferee, develop a marketing strategy, recommend repairs or improvements

  6. GSA Schedule 48, Transportation, Delivery and Relocation Solutions (TDRS) SIN 653-1: Home Sales Services • Destination Services • Individual counseling to familiarize the employee with the new official duty station • Mortgage Counseling • Counseling for the employee on nationwide mortgage programs

  7. GSA Schedule 48, Transportation, Delivery and Relocation Solutions (TDRS) SIN 653-4: Additional Services • Cost of Living Analysis • Rental Management • Preparing a home hunting itinerary, scheduling appointments with a rental agency • Discussing the benefits and obligations of the renter

  8. GSA Schedule 48, Transportation, Delivery and Relocation Solutions (TDRS) SIN 653-5: Agency Customization Services • Buyer Value Option (BVO) • No Guaranteed Buyout • Special Handling Property • Especially difficult to sell or determine value • Closing Assistance • Property Management • Management of the employee’s residence at the old duty station

  9. NEW Home Sale Vendors • Prudential Relocation • Providing relocation services to government and the military since 1972. • TRC Global Solutions • Independently owned and operated firm focused exclusively on U.S., international and government relocation services.

  10. Prudential Relocation • ALL Home Sale Services under Schedule 48, Except for Property Management • SIN 653-1: Relocation Service Package • SIN 653-4: Additional Services • SIN 653-5: Agency Customization Services

  11. Prudential Relocation • SIN 653-1: Guaranteed Home Sale • Option 1: Full Choice/Mortgage Payoff • Option 2: Full Choice/Mortgage without Payoff • Option 3: Managed/Mortgage Payoff • Option 4: Managed/Mortgage without Payoff

  12. Guaranteed Home Sale • Full Choice/Mortgage Payoff/Non-Payoff • Employee has choice of real estate agent, must be certified by vendor. • Appraisals performed upon Authorization • If Payoff – Mortgage payoff required within 31 days of appraised value transaction.

  13. Guaranteed Home Sale • Managed/Mortgage Payoff/Non-Payoff • Employee REQUIRED to used vendor recommended real estate agent • Home must NOT have been listed in prior (6) months, unless waived by vendor • List price not to exceed 105% of (2) Broker Market Analysis (BMA) or offer

  14. Guaranteed Home Sale • Managed/Mortgage Payoff/Non-Payoff • Mandatory Marketing Period is minimum of 60 days prior to Offer acceptance. • Employee mortgage counseling required, choice provided • If Payoff – Mortgage payoff required within 31 days of appraised value transaction.

  15. Prudential Relocation • SIN 653-1: Guaranteed Home Sale Average Estimated Home Value $350,000 • Pricing Schedule • Option 1: Full Choice/Mortgage Payoff • Option 2: Full Choice/Mortgage without Payoff • Appraised Fee – provided on request • Amended Fee – provided on request

  16. Prudential Relocation • SIN 653-1: Guaranteed Home Sale Average Estimated Home Value $350,000 • Pricing Schedule • Option 3: Managed/Mortgage Payoff • Option 4: Managed/Mortgage without Payoff • Appraised Fee – provided on request • Amended Fee – provided on request

  17. TRC Global Solutions • ONLY Property Management • Pricing Schedule (provided on request) • Property Manager first year fee: • After year one, Monthly fee: • Broker Tenant Finding Fee: • Broker Monthly Fee:

  18. For more information, please contact: • Lee Buckingham, Relocation Branch Manager • Lee.Buckingham@bpd.treas.gov or (304) 480-8420 • Amanda Ray, Travel Analyst/COTR • Amanda.Ray@bpd.treas.gov or (304) 480-7172 Fees/Rates presented in this presentation are based on a proprietary agreement between BPD and Prudential Relocation and BPD and TRC Global Solutions. Disclosure should be limited to a need-to-know based within the customer agencies.

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