Slow home sales put job candidates in a ‘no deal’ mood

Posted by Georgia Real Estate

July 5, 2007

Conrad Coles had it to do over, he would have factored in the sale of his Hampton home when he took the job he now has in Virginia.

He figured it’d be a cinch selling his $528,000, five-bedroom home. Two years ago, he sold a half-million-dollar home in Virginia in seven days when he moved to Georgia for a job.

As “For Sale” signs languish longer on lawns around the country, relocating for jobs is getting harder for workers like Coles. And more difficult for companies looking for highly skilled executives.

Maureen Young, a Realtor for Coldwell Banker Bullard Realty in Henry County, said she definitely has seen a slowdown, “especially in the higher-end homes.”

In extreme cases, job offers are being rejected because people can’t sell their homes or don’t want to risk a big loss if they do.

relocation packages, going as far as buying the homes of executives or paying closing costs and other housing-related expenses.

By TAMMY JOYNER
The Atlanta Journal-Constitution

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