Active Rain has been almost a daily ritual of mine. I have found so much information just from reading members' posts and comments. I am once again looking for some insight. Obviously, with the real estate market the way it has been lately, it seems that consumers are open to almost anything when the showings and selling isn't happening as quickly as they would like.
A good friend of mine who knows the ins and outs of real estate and has developed internationally just mentioned the other day the concept of swapping and/ or trading. Now, I have heard of this but not at all clear as to how you would go about setting it up and the rules. My friend is moving from Spain to Florida and he has already purchased a house here. He also has a luxury penthouse in Costa Rica that he has been trying to sell with no luck. It is a magnificent location with gorgeous views priced at 1.5 million. My friend, now, just wanting to unload the property, is asking about trading or swapping with someone who owns a home in the states.
I don't even know where to begin. I have tried to do a little research online, but, seem to come up with sites that are more directed at vacationers, etc. Also, with a trade or swap deal between here and Costa Rica....how would you handle Title, Inspections, etc.? I am assuming laws and rules are different.
Any advice would be greatly appreciated. Thanks.
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