Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Trading a home plus cash for a more expensive one?

OMG!WTF! · 02-10-2015, 10:53 AM

I did that in 2009 when the market sucked. There wasn't much involved really, just a term on the contract describing the property listed in the "other value" part of the contract. You'll need appraisals of both proprties for tax purposes. But if you can find a willing party it usually works out well for both.

I don't know if builders would want to do this. Doesn't help them much unless they see more value in your trade property. As for the realtors, they get paid as if it were a normal transaction. (the additional cash you put in would have to be enough to covr their commissions).

02-10-2015, 10:53 AM	#2
OMG!WTF! Franchise Player Join Date: Oct 2014 Exp:	I did that in 2009 when the market sucked. There wasn't much involved really, just a term on the contract describing the property listed in the "other value" part of the contract. You'll need appraisals of both proprties for tax purposes. But if you can find a willing party it usually works out well for both. I don't know if builders would want to do this. Doesn't help them much unless they see more value in your trade property. As for the realtors, they get paid as if it were a normal transaction. (the additional cash you put in would have to be enough to covr their commissions).