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Mon Dec 5, 2016, 07:40 AM

When oil companies move employees out of state, who sells the houses left behind?

In the past year, departing oil company executives and employees have bumped up housing inventory in Anchorage, creating a state of stiffer competition among sellers.

But in many cases, those who have left or are leaving Alaska at the behest of Shell, ExxonMobil and other large corporations have been relieved of the inconvenience and risk of selling their homes themselves.

Like other large, globalized corporations, the giants of the Alaska oil patch use third-party relocation companies to assume ownership of employee homes and sell them, and provide other services to ease the stress of moving.

Relocation companies were busy this year handling the departure of oil industry employees from Alaska, many of whom worked for Royal Dutch Shell. The company announced in September 2015 that it would give up high-profile plans to drill in the Chukchi Sea.

Read more: https://www.adn.com/business-economy/2016/12/04/when-oil-companies-move-employees-out-of-state-who-sells-the-houses-they-leave-behind/

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Reply When oil companies move employees out of state, who sells the houses left behind? (Original post)
TexasTowelie Dec 2016 OP
Kilgore Dec 2016 #1

Response to TexasTowelie (Original post)

Mon Dec 5, 2016, 09:42 AM

1. Sounds like a great time to buy a house in Anchorage

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