buying from a relocation company

[randomdef]

We are putting in an offer for a home that is currently being sold by a relocation company. It has been on the market for 70 days and come down in price (from 265k if i remember). Currently listed at 249 900 we were thinking of offering 230000 with a common ground of 240000 we hope to eventually reach. The realtor advised us to go higher but I do not value the property at the list price but am willing to go back and forth for our goal price.

Has anyone dealt with buying a home from a relocation company before? are they flexible within Canada? I'd never even heard of this service before we encountered this home.

Any tips or tricks would be appreciated.

[Cough]

Generally the price is fairly good. Once an employee/employer give the home to the relocation company to sell, it means is is way lower than the amount the employee got in his guaranteed sale.

I dont think you will have much room for negotiation because they have fairly strict "time on market vs price reduction" formulae. Biut nothing hurts putting in a lower offer - just dont expect much wiggle room

[randomdef]

Well our offer was low but not by much. They had a second offer that was higher but the close will take much longer. Its 3pm and we still have not gotten offical word, so i guess the part about relocation companies taking their sweet ass time is true.


any more experiences or advice would be appreciated