Relocation Benefits

[hkdman]

I am considering transferring to HK in the near future. The assignment will be for 4-5 years. As such, I do not wish to keep my house (which I purchased 1 year ago). The market has decreased since my purchase. I am thinking of asking for market decline as well as closing cost...for example, if I purchased my house for 500k, and then had 15k of closing costs, my cost basis would be 515k. If the sales price is below 515k, I would expect the company to make up the difference (i.e. sold for 500, the company chips in 15k). Then on top of that, the company would need to pay the 5-8% closing / commission costs...

In your experiences, are companies willing to do this? I am an internal transfer on this one so I do have a track record with the US part of the organization. I am confident that they would pay the closing / commission costs, just not sure about the market one...any advice would be much appreciated.

Thanks.

[KnowItAll]

It is common to pay for closing and commissions.

Not heard of companies forking out for the losses related to individual investment decisions. In this day and age... I can see accountants putting their foot down against such a scheme.

[PDLM]

Agreed, although companies often make up the difference between rental income (net of agents' fees & other costs) and mortgage payments if you were to let it out.