Gainesville Realty

Gainesville Realty - Swap Your House

What am I going to do now? I have had my house on the market and had no offers and few lookers. I need to sell my house and is there no other alternative? Yes there may be hope. Of course, you need a good Gainesville Realtor and luck. You can try swapping your home.  It is unique and you have to be lucky enough to find a seller who wants to swap their house with yours but it has been done. The good news is that Florida is the most popular State for trades.

What's the Difference?

Firstly, properly marketing your Gainesville property is imperative. It has to be promoted in a way that makes a swap not only desirable but advantageous. Usually, the party interested in swapping homes has found little luck with their home sale. Or they realize that the market for their home is poor and going the normal selling route is futile. So just swap keys, load up the kids and moving van and stop the mail right? Not so quick. Are you being careful not to swap for something that is not even close to what you are looking for? To protect against this, you should have a detailed list of what you want in your home. This is a good time to think about your ideal replacement property.

What If There Is A Price Difference?

If you were able to make a swap of residences with another property owner and one homes' value differs from the other than the buyer with the lower valued home will have to secure cash or a mortgage to make up the difference.

Do I Need A Gainesville Realtor For The Swap?

As tempting as this is, no you could do it yourself. You could visit a site like Domuswap (www.domuswap.com) which was created to list properties for swapping. You could go on line make the contact and see if a deal could be worked out. There are people every day that do For Sale by Owner (FSBO).You will hear stories about how everything worked out without using a realtor. What you don't hear about is the 90% that eventually switched to using a Realtor or the 10% who eventually gave up selling the house or sold the house without knowing if that was the fair market value for their home. Really a swap is no different than two sales of homes and two home purchases but instead of trading all cash the value of the residences is used. All the legal documents and sale and closing requirements of the residence' State must be met. Deeds and searches must be completed for title transfers. And in the interest of protection, inspections should be conducted for termites and wood destroying organisms, plumbing, electrical and house inspections. Well inspections and radon tests should be conducted as should any local, state or federal inspection requirements. So there are all the necessary requirements still on the table. Good thing because you always need protection buying your new home. This is where the expertise of the Gainesville Realtor comes on the scene.