Caterpillar raising the incentives of relocating employee homes

PEORIA, Ill - Caterpillar raising the incentive for those who buy the homes of relocating employees.

In May Caterpillar announced anyone who bought one of the homes was eligible for reimbursement of up to 3% of the final sale price.

Now they're providing a bigger initiative offering to buy the house of anyone who purchases a home worth $300,000 or more, as long as the transaction is at least a 25% increase in value between the old and new properties.

The initiative will go into effect August first.



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