Considerations

D - House Trade: Swap your home?

           QUICK ANSWER: 

Consider trading your home if you have problems selling. The process is really just made up of two independent sales transactions with the two parties. 

The properties do not need to be of similar value. Advertise that you want to swap or trade your home on several nationwide internet sites while continuing to market it locally using traditional methods

House trade has its benefits:

Desperate and need to sell? Have an unusual home or a location with limited buyer demand? A trade could help without resorting to wild price-cutting.

Create attention by including in an ad that you’ll consider a trade (be sure to add a few parameters you desire like: location, size, style, etc.). Couple this with an open house to generate activity.  

Not only would you need buyers who like your home, but their home must fulfill your requirements. The owners of the other home would have to live in an area where you would consider relocating. The price ranges of both homes also have to be mutually appealing.

Identify those who have shown interest in your home from open houses and showings.

Have an attorney draw up a contract if a trade will work and both parties agree to the prices for each property. 

The two homes probably won’t have the same value. You'll need to arrive at an agreeable selling price for each other’s house. 

If you have disagreements over the perceived value of each other’s property, agree to seriously consider the values provided by a third party appraisal company as the selling prices.

 Internet real estate trade web sites:

You should post your home on several of the following sites. 

OnlineHouseTrading.com

ree.com    

Craigslist.org

GoSwap.org 

Remember, you can pursue this method while also attempting to sell using the traditional home selling approach.

More Considerations