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Athlete Relocation Considerations

By admin   |  

August 27, 2014   |  

Blog   |  

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Consider a typical scenario in the professional sports world.  A player is called into the coach’s office and told they have twenty-four hours to report to a new team in a new city one-thousand miles away.  This just happened to one of our clients at Sportsrelocation.com, and one of the first questions they asked us is should they buy a new home in the new city, or should they remain in their current home and lease in the new city?

Not an easy question, and it is a question that needs to be considered carefully.

Professional athletes face some serious tax situations because of the salaries they earn.  Multi-million dollar contracts mean that an athlete must be fully aware of the tax repercussions of any athlete relocation.  Does the new state have a state income tax?  Are the property taxes considerably higher in the new state vs the old state?  How active and profitable is the real estate market in the new state?  If another relocation were to happen, how hard would it be to sell a home quickly?

These questions beautifully illustrate why having a relocation expert is so important.  These questions are dealt with daily by the pros at Sportsrelocation.com.  This is what we do, and we have been doing it to the satisfaction of our professional athlete clients for over ten years.  We understand the different tax structures in different states.  We understand the real estate markets in various states, as evidenced by our brokerage licenses in five of the most active real estate markets in the country.  It is our business to know these things so that our clients do not have to worry about them.

Are you facing professional athlete relocation?  Do you have celebrity real estate questions?  Hire the pros at Sportsrelocation.com.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

 

 

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