The Property Swap for New Construction

Home Builder with Artisan Custom Estates

Even with the challenges in today's marketplace, we are consistently finding there to be strong demand for our standing inventory of luxury custom homes in the North Atlanta area.  The biggest challenge for our customers however, seems to be marketing and selling their existing home and still having the borrowing capacity and personal comfort level to purchase a million dollar home.

In the "go go years", the thought of a property swap or contingency contract for new construction was not considered, however in today's evolving market, all parties have to be open-minded to find solutions.  We generally are not open to contingency contracts, but will consider trades if they meet our conditions. 

I would be interested to hear what experiences some of you may have had with property swaps (the good, the bad, the ugly).  While not ideal, the property swap does provide another potential solution for turning product and generating sales momentum.


Comments (1)

Denise Allen
Resh Realty Group - Chesapeake, VA
Realtor@ Chesapeake, Hampton Roads

My builder will purchase the buyers home if it is under a certain price and if it meets certain other criteria.

Apr 01, 2008 04:54 AM