Are Permanent Home Swaps Solutions to Buy and Sell?
The newest trend to buying and selling with benefits – Permanent Home Swap. You want or need to sell your home, but buyers won’t pay what it is worth or perhaps you have a new job and you need to move, you ask your realtor to search for someone willing to swap for a comparable home. The buyer may be in another state; could be in a nearby city but it all comes down to value preservation. You get another home of the same quality and value.
It’s not a bad idea. There are no complicated closing periods to pilot, with any possible additional expenses of finding and moving into a provisional place between the sale of your place and the closing date of your new place.
You don’t have to worry about double mortgages if you end up owning both homes simultaneously (another closing date risk).
You never get stuck owning two places if you cannot sell yours at all after buying your new place.
Real Estate Agents have been working with desperate home owners to try and sell their homes all-the-while the home sits on the market. Of course there are different stories for every state, city and county however there haven’t been any horror stories as of yet with Permanent Home Swapping.
And the best thing is, if you’re willing to move out of state you could possibly get more value than you bargained for. Then again, that could work on the negative side against you; you could get less home than you’re used to.
Work with a good realtor who can help make this process easy and quicker for you with less headaches.




