Many agents in Brunswick County have written a contingency contract this year that did not close. I am sure that is true in many areas. I hear agents talking about clients who want to buy but find out they either do not have enough money for closing or a "cloud" on their credit arises at the last minute. At meetings, we have discussed the standoff between sellers and buyers. Many of us feel there is alot of pent-up demand.
I was working in the yard this afternoon which always gives me time to really think. Not everyone can do this, but what if there was a website that you could post a property to exchange. For example, I own several properties at the beach that are paid for. My younger son and his wife are expecting their first child and they need a larger home in Greensboro. Maybe there is a builder or homeowner who wants a home at the beach...could we trade? Of course, that may involve some cash but it would get property moving. Or what if a seller at the beach wants to trade up to a larger home? Or someone just has some investment property that they want to trade. I have googled home exchange but most of what I find is a week, a month, or extended home exchanges or 1031 exchanges. I would sure like to know if there are any such sites.
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