Vol. 1, Issue 1 Relocation Properties Management – linking transferee needs to organizational goals RPM – helping you get On the Move WELCOME to the first edition of the Relocation Properties Management (RPM) newsletter, On the Move. On the heels of our 20th anniversary, RPM has decided to bring our clients and their transferees an insider’s look at what our company can provide, a glimpse at current market conditions and answers to some common relocation questions. Although often rewarding, relocation can be a stressful experience. We realize you may have important questions, whether they involve moving your own family or perhaps hiring someone who may need relocation services. On the Move will address such issues, while keeping you connected to the RPM staff. In this and future issues, look for current market information in “Market Update.” Find homeowner tips in “Where you hang your hat,” and meet our diverse group of vendors in “Spotlight.” With more than 60 years’ combined relocation experience, the RPM staff is ready and eager to help with your relocation needs. Have questions? Drop us a line by snail mail or e-mail – or give us a call. One of our helpful coordinators will be glad to help you get on the move! Meet the RPM staff (Left to Right): Front-Michelle Cox, Kathy Buchanan, Robin Scites, Middle-Debbie Esque, Jolinda Anson, Kim Davis, Donna Adkins, Back-Ishmael Stevens, Linda Moser Contact us Relocation Properties Management 500 Diederich Blvd., Russell, KY 41169 (888) 581-2857 Name Jolinda Anson E-mail [email protected] Phone (888) 581-2857) + Option 3 Kathy Buchanan [email protected] Option 5 Michelle Cox [email protected] Option 2 (International services) Kimberly Davis [email protected] Option 4 Debbie Esque [email protected] Option 6 (Inventory property) Robin Scites [email protected] Option 1 Linda Moser Ishmael Stevens [email protected] [email protected] 419-425-7026 ABOUT US Relocation Properties Management (RPM) is a wholly owned subsidiary of Ashland Inc., a Fortune 500,* diversified chemical company, with sales and operations in more than a hundred countries worldwide. RPM was established in 1988 to support and assist Ashland transferees in managing all aspects of real estate transactions related to their moves. As a result, our staff has garnered decades of knowledge and experience in all facets of relocation. We put it to use for you by providing: • One-on-one assistance, from the most friendly, helpful, conscientious and experienced team of relocation experts you’ll ever meet. Our staff is adept at handling both individual and group moves. • Unmatched cost-savings. As part of a Fortune 500 company, we benefit from “big company” discounts and pass those savings along to you. RPM does not retain part of your discount. • A fixed service fee, with one final billing. (No need to dread the mailman!) • Administrative services. Need help deciphering your relocation policy, keeping track of relocation expenses or preparing management reports? We can do that for you, too. • Unsurpassed customer satisfaction. We’re proud of the work we do and want you to be pleased with us, too. * Fortune 500 is a registered trademark of Time Inc. Moving your most precious cargo Have you ever been the new kid? If so, you may know what it is like to walk into a room of 30 or more unfamiliar faces and try to concentrate on learning and fitting in at the same time. Children usually have little knowledge about relocating and may be apprehensive, especially during a first move. For children of school age, concerns often surround their new school. One of the most important things you can do to help is talk with your children. Ask about their interests, concerns, personal learning styles and extracurricular activities. You may think you know many of the answers to these questions. However, you may discover your children have distinct ideas about what they want in a new school. Once you know their points of view, do some research. Checking out school districts in your new area is a good base to cover even before house-hunting. The more children know about their new school, the less anxiety they will experience. After choosing a school, begin looking for houses within the district, to avoid paying tuition or lengthy commutes. What else should you look for in a school? According to the U.S. Department of Education, teacher training and quality are key areas to investigate. Browse the Internet for websites of schools in the area that provide enrollment statistics, dropout rates, percentages of teachers who have achieved national certification, etc. After researching schools, make appointments with school counselors. Visit the campus, taking your children and a list of important topics to discuss with you. Ask about class size, teacher-tostudent ratio, student discipline policies, parental involvement and community support. Studies show that students in smaller classes have a better chance of excelling. This means more time for the individual child. In addition, discipline policies should be reasonable and supportive to students. A reputable school will invite active parental involvement and receive ample community support. Now you are ready to discuss school options with your family. Through discussion, research and advanced preparation, that first day in a new school may just be a little less stressful for everyone. Question: I've just learned my family and I are relocating. What are the first steps I should take to make the move go smoothly? RPM: Give us a call. From the moment you learn of your pending move until your transfer is complete, your RPM counselor will guide you. (888) 581-2857 Spotlight: Walker Transfer Walker Transfer is a family owned moving/relocation business, with the added distinction of being a certified Woman-Owned Business, active in the Women’s Business Enterprise National Council (WBENC). Based in Kenova, W.Va., the company employs 42 individuals, including office staff, drivers, packers/loaders and warehousemen. “We keep up with the latest industry trends, and our staff is fully crosstrained,” notes Gerri Walker, company president. With more than 19,000-squarefeet of palletized and temperaturecontrolled storage, Walker specializes in corporate domestic and international residential relocation, backed by more than four decades of service and expertise. Established in 1964, the company has been an agent for Atlas Van Lines since 1976, earning that company’s most prestigious Milton M. Hill Award every year since its “We strive to make every person we move feel like family.” Tina Rose, Corporate Account manager 1990 inception. Recipients must achieve a superior warehouse rating in random inspections; earn the Hauling Excellence Award for outstanding ratings by customers; and obtain world-class commitment recognition in 12 critical performance areas. Due to its 40 years of outstanding service to Ashland, Walker also received Ashland’s Dedicated Superior Service in the Moving Industry Award in 2005. The secret to Walker’s longevity and success is simple. “We promote Ahead of the competition 9 9 9 9 9 9 9 9 Hire a lawn-care specialist to maintain curb appeal. Clean windows and mirrors. De-winterize; check plumbing and air conditioning. Display fresh flowers on counters and tables. Re-vamp your marketing materials. Place a new welcome mat and umbrella holder at front entrance. Open select blinds to brighten rooms. Consider staging your home with rented furniture and props if you are already in your new location. family values and keep abreast with organizations that pertain to our industry,” explains Walker. Her professional affiliations include the Employee Relocation Council; Relocation Council of Central Ohio; Huntington Board of Realtors; and the Society of Human Resource Managers. “We currently are obtaining certification as Global Relocation Specialists, to enhance our knowledge of international relocations,” adds Tina Rose, Corporate Account manager. Is buying season 9 9 9 9 9 9 Consult with your RPM counselor to find a buying agent. Shop for lenders and obtain pre-approval. Discuss your family’s “must-have” home features. Research neighborhoods and school districts. Find a reliable home inspector (RPM can help with this, too). Don’t be surprised with high local taxes or homeowner association dues; research this before placing an offer. It seems every form of media has produced a story about current housing market conditions. The media flurry began in 2005, as the market was booming with transactions. Sellers were profiting. Buyers were easily approved for mortgages. Realtors and lenders reveled, but kept an eye to the horizon, knowing this boom would not last forever. Finally, as predicted, the “bubble” in the housing market burst. Homeowners around the country began to feel the effects. News of increases in foreclosures, days on the market and housing inventories, plus drastic decreases in property values, swept the nation. Areas hardest hit were those whose markets greatly expanded during the boom – California, South Florida, Las Vegas and Phoenix, for instance. The news media concentrated on Michigan, as the bottom fell out of that market, because of changes in employment and the auto industry. But what really happened? The most significant news surrounds the Federal Reserve Fund rate, cut three-quarters of a point on Jan. 22. The decision to cut this rate came as an emergency reaction to those in fear of Adjustable Rate Mortgage (ARM) resets. Homeowners with ARMs due to reset will receive some relief in mortgage payments, according to Doug Duncan, chief economist for the Mortgage Bankers Association (MBA). However, Sharon Reuss, spokeswoman for the Center of Responsible Lending (CRL), regretfully reports the cut will come too late for homeowners with ARMs who are already threatened with foreclosure. The effects of the Federal fund rate drop are twofold. First, buyers have been encouraged by lower On the Move is produced quarterly for clients of Relocation Properties Management, LLC, at 500 Diederich Blvd., Russell, KY 41169 (888-581-2857). Editor/Sr. writer: Jolinda Anson Contributors: Kathy Buchanan, Michelle Cox, Kimberly Davis, Debbie Esque and Ishmael Stevens Consultant: Lesli Christian Please send correspondence regarding this publication to [email protected]. mortgage rates, while renting becomes less attractive, due to an average rent increase of 1.9 percent. Purchase applications already have increased as a result. The second factor is current market inventory, which had already dropped, on average, 7.4 percent at the end of December. A decrease in inventory during December is not atypical for the month, but such a steep decline is unusual. According to Realty Times, this is due to an increase in refinancing, which took a number of homes off the market. The steady increase of buyers and decrease in inventory are causing predictions to sway toward a busy first quarter, with reasoning pointing to simple supply and demand. Homeowners with an average value of $220,000 may see a drop in their home’s value if they purchased during the boom. However, the median drop is 1.4 percent, which translates to about $3,000. This is far less than the horror stories told of losses in the tens of thousands. Chances are, if losses of that magnitude are felt, the seller drastically overpaid for a home during the boom. The experts tell us the winds are changing; blowing toward hope for a better market. Who will this affect? Of course, current homeowners may be encouraged to refinance at a lower rate. Current sellers can breathe a little easier, knowing their need to offer concessions to buyers will lessen, due to decreased competition. Finally, transferees may rest a little easier, knowing the market may finally be leveling out and relishing the prospect of a lower mortgage rate on their new home purchase. Sources: Realty Times, Bankrate.com, CNNMoney.com
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