Military IRP & DND Relocation Information
IRP-DND.COM is Canada’s largest network of Approved Brookfield GRS Real Estate Agents. Government entities authorize their employees to relocate. Brookfield GRS administers their relocation according to one of 3 different directives/policies: 1. Canadian Forces IRP Directive 2. Royal Canadian Mounted Police IRP Policy and 3. National Joint Council IRP Directive. These directives will provide the funds and pay your expenses, but it is your Realtor who is responsible for helping you buy or sell your biggest investment that most families make. Military Personnel have to uproot their families on a regular basis moving to areas where they are unfamiliar with the neighborhoods, school system or local homes values and pricing. Choosing one of IRP-DND.COM’s professional Realtor’s starts when you are planning your House Hunting Trip.
The House Hunting Trip is an important part of relocating your family. Choosing your Realtor is the most important part of planning your House Hunting Trip. Your Realtor will advise you on typical closing dates for properties in the area so you can plan your trip with these times in mind. Usually planning your HHT 8 to 9 weeks prior to COS date should be adequate. Your Realtor can help arrange hotel, rental car, provide you with local maps and even a GPS for your rental car. Contacting your chosen Realtor prior to your House Hunting Trip is very important to obtaining listings as they become available and ensuring that they are suitable to you and your family’s requirements.
Your relocation package will consist of three components Core, Custom and Personalized. The Core component covers items that are considered essential for your move such as cost to sell your existing property or dispose of your rental unit, cost of your House Hunting Trip (HHT) etc. The Custom component cover items that enhance your move such as marketing incentives on your existing property to help it sell, bridge financing and costs associated with your extended family. The last component is non essential but attributable to your move such as a Movement Grant, Posting Allowances and others. Below is a description of the components, some examples of what the component covers and what happens if they are not used.
Core benefits are essential to a move. All core benefits are funded directly by the Department. A member is not required to use these benefits, however any unused benefits cannot be exchanged or assigned any monetary value to pay for any other benefits or expenses. Some examples or Core Benefits are listed below:
– Disposal of your rental unit. Pay for getting out of lease
– Pay for costs to sell your residence, all real estate commissions and legal fees etc, mortgage breaking penalties, home equity assistance
-Costs associated with your house hunting trip such as travel and hotels
-Cost to purchase new house including legal fees, inspections
-Cost to move such as moving expenses, travel etc.
-Much more. Ask IRP rep for more details.
Custom benefits enhance a move. Custom funding is based on the factors of type of accommodation, distance traveled and family size. The custom funding
formula is used by the member to pay for these custom benefits only and cannot be used for any other type of benefit. Some examples of custom benefits are listed below:
– Building Inspection on your existing property
– Marketing Incentives such as decorating allowances, early closing incentives
– Cost to have someone take care of your children on HHT
– Dependant and Extended Family Travel
– Bridge Financing
– Interest on $25,000 Home Relocation Loan
– Miscellaneous Expenses for Extended Family such as transportation, lodgings, meals and miscellaneous expenses
– Car rental when primary vehicle shipped
– Shipment of – Second Vehicle, Pets, Boats, Antiques, Artwork, RV’s,
Trailers
– Miscellaneous Shipping Expenses
Spousal Employment Search expenses
Personalized benefits are non-essential expenses but are attributable to a move It is within the member’s discretion to use personalized benefits. The
personalized funding formula is available for use in three ways:
• it can pay for any personalized benefits;
• it can pay for additional custom benefits beyond what can be covered
by the custom-funding formula; and
• remaining funds can be cashed out and paid directly to the member. Some examples of Personalized Benefits are listed below:
– Movement Grant: Members receive a non-accountable grant in an amount of $650. This allowance is intended to offset various losses or expenses incurred but not
specifically provided for because of the move. Members must sign a
statement verifying that these expenses were incurred. Receipts are not
required.
-Posting Allowance: Members who elect not to sell their home receive an incentive equal to 80% of the pre-negotiated corporate real estate commission rate based on the
appraised value of the home. It shall not exceed $12,000.
Members can generate Personalized Funding as a result of savings on HHT.
These savings can occur in one of two ways:
• Shortened HHT
• CF Service Air
It is important to understand that many of the allowed expenses, if not claimed, are not paid. Ensuring you are aware of all of your entitlements and helping you understand them is also part of your Realtor’s services when you choose an IRP-DND.COM professional. As Realtor’s committed to providing Military Personnel expert representation, whether buying or selling their homes, they have committed to going beyond the role of your typical Residential Real Estate Agent.
You can now view listings and chat with our Military Relocation Experts on FACEBOOK. Simply go to Inter-Provincial Realtor
