What does “Corporate Owned” mean?
Corporate owned homes occur when a company moves a family to a different area and the family being relocated is not able to sell their current home. In this instance the relocation company has provided a ‘buy out’clause. The relocation company will buy their current home and place into the company’s inventory. These homes are often in better condition, and while still being sold at the lower end of market value, are not always an ‘as is’ transaction. An advantage of purchasing these types of homes is that you will have the opportunity to inspect the property prior to purchasing.
