Real Estate Blog - Trading Places - I'll Buy Your's If You'll Buy Mine! Sellers!!! A Novel Way to Promote Your Home For Sale!

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Trading Places - I'll Buy Your's If You'll Buy Mine! Sellers!!! A Novel Way to Promote Your Home For Sale!

Recently, the home that I've listed - shown below - has sold. BUT it sold in a really novel way - at least for me. The home is beautiful. Well maintained, lots of upgrades, about 1800 square feet, vaulted ceilings, three car garage and a fenced in pool. To see and view this listing, just click on the link above.

5803 East Jacaranda Street, Mesa, Arizona A couple of months ago, my seller had someone come through her home, ooing and awwing over the decor, over the wood floors, and loving it, staying for about an hour. (Now that's a real clue, isn't it?) The buyer just happened to jokingly comment to my seller, "maybe you could buy my home and I'll buy your's" or words to that effect. Well, they just chuckled, and I found out from the other agent that her client had not yet listed her home, but once she did and sold it, she'd more than likely come back to buy my seller's home if still available.

One night - a few weeks later - while I was leisurely enjoying our little "get away" in the mountains, I received a call from my seller. "I was thinking about the comment that lady made about 'trading' homes. I wonder if I'd like her home." I jumped on the MLS, found the other seller's home and emailed it to my seller. Okay, she liked the pictures, and it WAS kinda like her home, and she and her husband would like to see it. You see, my seller wanted a larger home, and the other seller wanted a smaller home.

Both homes had a pool, both homes had a three-car garage, both located in a desirable area, and both homes maintained and upgraded nicely.

I called the other agent, and told her what was up. She called her lady, and as soon as I returned from the mountain, I took my sellers/buyers to see this home. The "minute" they walked in, they loved it. The other agent took her buyer/seller to my people's home again, and we struck the deal. The other agent and I have wonderful clients, who are very cooperative, and it is working beautifully. We will close in another ten days or so.

So? could this be a tool that we could use for our sellers? Market to those interested in downsizing or upsizing their home? Granted, this won't work always - but could it be an option? Absolutely! It worked this time - so who knows? Both sellers - happy! Both buyers - very happy! ;-)

Meanwhile, I have a few homes listed. One that wants to move to Raleigh, North Carolina. Anyone from North Carolina want to purchase a 4300 square foot home - in Gilbert? Maybe we could arrange a "switch." :-)

Mesa, Arizona Real Estate. Call me at: 480.216-3334 for information on purchasing or selling a home in Mesa, Arizona or surrounding towns. OR email me: Teri@TeriEllis.com. Feel free to visit one of my websites: HomesAzRE.com, MoveToMesaAz.com or MoveToSunnyAz.com. Or stop by my blogs at: Active Rain; or Phoenix Valley Real Estate Blog.

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Posted by **Mesa, Arizona Real Estate** Teri Ellis, Broker, CRS, ABR, GRI, ePRO on 10/12/2008 09:40 PM

Comments (23)

Sellers Trade Homes in the Home Selling Channel

homes arizona real estate, buyers, sellers, alta mesa, mesa, arizona, teri ellis

Originally posted at: Mesa, Arizona Real Estate - Teri Ellis - Homes Arizona Real Estate: Trading Places - I'll Buy Your's If You'll Buy Mine! Sellers!!! A Novel Way to Promote Your Home For Sale!

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23 Comments on Trading Places - I'll Buy Your's If You'll Buy Mine! Sellers!!! A Novel Way to Promote Your Home For Sale!

OCT

2008

Teri,

This is pretty interesting! I wonder what the lending implications are, and how you as the agent would get paid. You've got me thinking!

Mike in Tucson

Hi Teri-What a beautiful home. It sounds like it was a sweet deal for everybody. I have heard of that and with the market being what it is we have to think outside the box. We just have to do what we have to do to make our clients happy. I'm glad to "see you in the rain" You were missed. But things happen in our lives outside this wonderful community. I wanted to share something you missed while away and I forgot about it til now. I hope you like it.

http://activerain.com/blogsview/709818/Hello-Everybody-I-want and one I just did and thought I'd share.

http://activerain.com/blogsview/734044/If-you-had-to

Take care Teri and I'll watch for you when you here on AR.

OCT

2008

Teri- Well, if they can have a TV show on HGTV about trading houses, we should be able to get in on the action too, don't ya think? There is also a website online where FSBOS do this trading thing. I wonder how you get paid? You got the listing side on one and the buyer side on the other, but where does the money come from?

Teri - What an awesome story. Do you think you could air mail that 4 leaf clover or rabbits foot in your back pocket to me - LOL

Teri - How great is that? Trading spaces has a whole new meaning for me...

Teri: I think that is so cool!! Like Debbie said (above), Trading Places has a whole new meanning.

Hi Teri: I love stories like this. I've done one home swap in my life and, like yours, it was perfect for both parties. Congratulations!! (And I'm glad you're back!)

Teri--I know of one family who made a similar trade years ago...never been a part of one. What a great story!

Mike, both agents get paid as if in a regular sale and purchase. Each has their own lender, each home appraised, and we're closing in ten days. ;-)

Pat, absolutely a sweetheart deal. I think this is a good way to promote our listings....;-) Glad you missed me..., and I'll check out your links and comment. ;-)

Hey Katerina, both sellers listed their home with a separate agent....thus both agents are paid. Pretty cool, huh? What are the odds?

Bill, I think I'll hang onto my rabbitt's foot for now, thanks. ;-)

Debbie, yep..it is great. I like the trading "spaces" spin. ;-)

Kat, isn't it cool, though. I've been away or would have shared before now. What a great idea! ;-)

Elizabeth, glad to be back now and again. Thank you. So now I've met someone else who experienced this scenario. Unbelievably cool. ;-) AND the other agent is on the ball, so no problems. ;-)

Teri, I had never thought of this....before now. But now that I do? Hmmmmmm, will have to think of a way to bring it to the forefront. ;-)

Teri - I tried this once with my Son who wanted a lake view home but we could not get the seller's of the lakefront home to buy his. Glad for you that you made it work and glad you are back....

I have heard of people trying this with the selling of their homes but I haven't heard of it working. Seems you just have to be fortunate to be a part of something that works so smoothly. I am glad that all parties involved are happy with the transaction. Best of luck.

OCT

2008

Hi Teri, congrats on a trade working so well! The stars must have been aligned. :) Good job to both Realtors for keeping it together and keeping the peace.

OCT

2008

Teri, That's a strange comment 2 above this one...

Anyway. I also completed a transaction somewhat like yours. My Buyers wanted to purchase a waterfront home. They needed to sell their current home, in town, in order to purchase. I found waterfront owners that wanted to sell their waterfront and move into town. It just so happened that they both loved each others homes and I was able to put it together.

Also, thanks for commenting on my Blog!

OCT

2008

Jane, yep it's working out nicely. I think it's a rare event though. ;-)

Eric, yes, very smoothly. Thanks, we close next week. ;-)

Robyn, I erased the weird comment....thanks so much. ;-)

Pam, yep it was weird - undoubltedly spam. Great to know someone else was able to do a successful exchange. Thanks for coming by. ;-)

Teri - Thanks for sharing and congratulation. In the present marketplace everything should be considered, and this was a win/win for both parties.

OCT

2008

Jennifer, you're very welcome. I agree about finding other ways to work for our clients....definitely a win-win. ;-)

OCT

2008

Hi Teri,

This is a great story! How cool that it worked out this way, it was meant to be. :)

Suzanne, it is cool, isn't it? I did the final walkthrough and signing today. ;-)

NOV

2008

DEC

2008

Hey Teri, what a really neat story. I am so glad that everything worked out for everyone involved! Good luck with all of your "trading". =) I have to read more.

Dana, it did really turn out to be a great "thing." Probably the only one I'll ever do, but who knows? In this market, anything is possible. They both love their respective homes. ;-)

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