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Real Estate Exchange, Anyone???

By
Real Estate Agent with S & L Properties

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-Sunset Harbourup 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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Comments (1)

Rita Fong
RE/MAX REAL ESTATE TODAY, Executive Broker 901-488-9590 - Marion, AR
Realtor - Marion Arkansas Homes for Sale

Linda, in my market, house trading deals happened a few times, but this is how it is done: the buyer who has to sell their home before they can buy, they put an offer on a brand new home who owns by a builder, contingent to the builder buys their house so the buyer can buy the builder's house.  

Of course the buyer is not going to get top dollar to sell theirs to a builder, but it helps to move property, and builders usually will do it.  

Jun 11, 2010 05:38 PM