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In Maine, We Have Properties With Owner Financing. But Trades Happen Too!

By Andrew Mooers | 207.532.6573

Real Estate Agent with MOOERS REALTY ME Broker License 106759

November 15, 2008 12:48 AM

An owner of a 320 acre woodlot in Linneus that was lower, wetter land decided to trade that property for a 19 acre high on a hill with a tree plantation property in Ludlow.

Trades. Equal value even though the quantity was vastly different. Like a gem, its not just the size that matters. Quality exchanges in Maine for more than money.

1031 exchanges in real estate happen too. andrew mooers, mooers realty logo,maine real estate

Had a property recently on an Oakfield lake with a log cottage that the owner considered trading for the buyer's Camaro. Did not come down in the final analysis because the cash to go with the sale was not obtained but trading for real estate in Maine is not out of the questions.

Help in the real estate sale whether buying or selling. Value for value. So think beyond conventional bank financed deals, cash sales..and consider if someone with say a large land yatch motor home might let it go in exchange for a nice vacation place on water in Maine!

Maine REALTOR Andrew Mooers - Houlton & Aroostook County Real Estate For Sale

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Vickie Nagy

Coldwell Banker Residential Real Estate - Palm Springs, CA

Vickie Jean the Palm Springs Condo Queen

Interesting. Guess they're not called "Mainiacs" for nothing. Sorry, couldn't resist. I guess it's just easier for your people to make trades for things that are not real estate. Our property values are so high [still] that there is little potential for that.

Nov 15, 2008 12:54 AM

Andrew Mooers | 207.532.6573

MOOERS REALTY - Houlton, ME

Northern Maine Real Estate-Aroostook County Broker

You are right Vicky! Have a 600+ acre parcel for sale that you could buy for $150,000! We are lucky to live in Maine..pretty state, four seasons, fewer people, lower prices. Kinda recession proof due to everything you know divide by three values! Buyers feel like kids in a candy store! They get value! A "good trade"!

Nov 15, 2008 01:00 AM

Sarah Rummage

Benchmark Realty LLC, Nashville TN 615.516.5233 - Nashville, TN

Love Being Realtor® in the Nashville TN Area!

Interesting concept. I have had buyers and sellers ask about trading properties a few times, but it has never worked out.

Nov 15, 2008 01:29 AM

1031 exchanges are popular too...look into them as another route to go to get the property sold!

Nov 19, 2008 01:41 AM

Steve Loynd

Alpine Lakes Real Estate Inc., - Lincoln, NH

800-926-5653, White Mountains NH

Andrew, I always have second home- owners that live far away and will look at exchanging when it's time to move on. A different type of property can sometimes be all they are looking for anyway.

Nov 19, 2008 08:16 AM

Sue Paige

ERA Today Realty, Windham, ME 04062 - Windham, ME

We have property down here on Sebago Lake with five condo cottages which are for sale or trade. The seller will look at all offers of trade. I say go for it. He just traded one for an apartment building in Portland, Me. So it can work.

Nov 20, 2008 08:35 AM

Thanks Sue....the hard part is finding something you want, that the owner also wants what you have and you determine they are equal value or an agreed upon extra cash to make it fly. And the timing fits each other's schedule. There are tax consquences everyone should look into too!

Nov 20, 2008 10:49 AM

Tracy Saunders

Chase International - Incline Village, NV

Andrew - I am looking at doing a trade deal right now for a client...we are looking at trading 2 properties plus cash for another property...can you expound on the tax consequenses.

Thanks,

Dec 04, 2008 05:26 AM

1031 exchanges are a way to if structure time frame wise, save money on tax consequences...you should use a 1031 exchange third party firm or an attorney that has done them before. Also, if I exchange a service for your service and no money is exchanges..other than paying the broker and attorney for their services, assuming same value exchange and no extra cash to make the scales balance..that is a win win situation.

Dec 05, 2008 08:36 AM

George & Arlene Paukert

Road to Wealth, Inc. - West Palm Beach, FL

It is very important for agents to think outside the box to get deals to come together. If you aren't willing to look beyond conventional financing, you very well could be looking for a new career.

May 27, 2009 11:34 AM

In Maine, We Have Properties With Owner Financing. But Trades Happen Too!

An owner of a 320 acre woodlot in Linneus that was lower, wetter land decided to trade that property for a 19 acre high on a hill with a tree plantation property in Ludlow.

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