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What you need to know about relocation

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Editor's note: This article is reposted with permission of Zillow. View the original item: "RELO 101: What You Should Know About Relocation Packages." By Brendon DeSimoneCompanies often hire employees from out of the area or transfer existing employees to another office. When this happens, a relocation package -- or RELO as it's known in the real estate world -- may come into play. Usually a third-party RELO company handles nearly all aspects of the employee's home sale on behalf of the employer. In brief, RELO packages offer financial incentives to employees who must sell their current home and buy a new one in the city to which they're relocating.Here's what you need to know about RELO packages.Moving costs are usually coveredThe RELO package you're offered can depend on the type of job you have, how senior your position is, and/or how long you've been with the company. The more the company really wants you to take the job, or the higher up you are in the organiza...