Last year, while visitng Florida, I met an investor that invited me to his investment group -- the group turned out to be focused on trading properties. I found the meeting to be exciting and very informative, but never thought I would have the opportunity to use what I learned. Recently I obtained a lead from an ad that I placed in the Wall Street Journal and after showing him several properties, he asked if any of the sellers would be interested in trading a lake property for a condo in Nags Head. I do not have anyone that is interested, but if anyone does, "please come on down "and perhaps we can "make a deal."
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Birmingham, AL
In toady's market we must be creative to get properties sold. I have approached sellers about trades and creative financing. All they can do is say no and they might say yes.
Sep 03, 2008 05:33 PM
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495
I found this to be a useful "tool" in the toolbox back in the 80's when Carter was president, and we were going through the "stagflation" economy with 17% first mortgages and 21% seconds. Best on finding a property to complete the transaction!
Mike in Tucson
Sep 03, 2008 10:25 PM
Gayle Harvey Real Estate, Inc. - Charlottesville, VA
REALTOR® - Charlottesville Virginia Homes / Horse
I know an agent in my area who is involved in trades. He has gotten quite a few clients from this activity. Good luck with your trade.
Mar 22, 2009 01:22 PM
Rainer
10,180
10,180
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