Harvard University Real Estate Advantage Program – Cash Back

Destination Location Support

Transitioning to a new location can be challenging. That’s why some of our corporate clients offer Destination Location Support, a service designed to help employees explore potential new locations before finalizing a corporate relocation. This program ensures you have all the information necessary to make a well-informed decision about whether to relocate for a new job opportunity.

Types of Relocation Home Sales

We offer various relocation home sale options to accommodate the unique needs of each client:

• Amended Sale: With this option, you do not need to attend the closing. Your home can be sold to a Relocation Management Company (RMC) without further involvement.
• Buyer Value Option Sale (BVO): This option allows you to market and sell your home alongside a team agent, with additional support provided throughout the process.
• Closing Services Only (CSO): With CSO, the corporate client covers the closing costs directly, making it easier for you to complete the transaction.
• Direct Reimbursement (DR): In this case, you pay the closing costs upfront and submit them for reimbursement from the corporate client.
• No Relocation Home Sale Benefits: In this situation, you attend the closing with your agent to complete the home sale.

11-Step Amended Sale Process

Harvard’s relocation specialists are experts in handling the complexities of home sales. Our 11-step amended sale process ensures a smooth and secure transaction:

1. Listing Agreements: The Exclusion Clause allows you to sell your home to an RMC without paying a commission.
2. Earnest Money: You cannot accept earnest money from potential buyers.
3. Outside Offers: You cannot sign any contracts with outside buyers while under contract with the RMC.
4. RMC Contract: Once signed, the RMC acts as the buyer on behalf of your employer.
5. Vacating the Property: Once you vacate, the RMC takes over all responsibilities for the property.
6. No Contingency: Your sale to the RMC is unconditional and not dependent on any other factors.
7. Third-Party Sale: After the RMC purchases your home, they manage the subsequent sale.
8. Re-Listing Agreement: Your agent can help re-list the home for the RMC’s sale process.
9. Third-Party Signed: The RMC handles the final sale as the non-occupying seller.
10. Transfer of Title: The property title transfers to the new buyer, ensuring compliance with IRS regulations.
11. Purchase Price: If the property sells for less than what the RMC paid, you are not responsible for covering the difference.

UNIRISC Inventory Vacant Property Insurance

All inventory properties will be protected under the RMC’s Vacant Property Insurance.

DAMAGE– for the damages, take pictures of it as proof and then contact your relocation specialist to discuss the damages and the specialist shall provide you with a claim form to be completed and sent to the email address written on the form.

EMERGENCY– for emergencies immediately arrange an appointment to have it fixed.While waiting for it, look for alternatives to cover up damages.

American Home Shield Relocation Inventory Properties

The RMC Inventory Specialist will check if your Inventory Property is covered by an American Home Shield Warranty. Once confirmed with the RMC, you may contact American Home Shield at 877-888-9680 to request Relocation Marketing materials. Buyers receive Warranty Contract 10 business days after closing. A Home Warranty assists in marketing the Inventory Property by providing the Buyer one year of coverage. Once the warranty is transferred to the buyer, the buyer’s agent should be instructed to call 800-776-4663 to submit any claims.