Quote:
Originally Posted by photon
I've never ever thought of trading a house before. Tell me more!
Like is this trading to try and get something that'll be better value when things turn around?
Or is this just trading to change one's situation (like if one wanted to switch between a house/condo, or inner city/burbs)?
Like I think my house is too big and I wouldn't mind a bungalow, trade with a couple that's going into family mode and wants a bigger house? That might be interesting.
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I think when the market slows down you get people wanting to sell and buy something else but they are advised against buying until they sell because it's a slow market and the risk of owning two properties is very high. So you get lots of people who feel stuck, unable to sell and consequently unable to buy. This creates situations where you say "I want to buy one of these ten houses" and you just approach the realtor with the question..."Instead of selling, would your buyers want the house I own as a trade plus or minus cash?" Whenever it works it's a total win for everyone. Gets rid of two hard to sell properties. My buddy is just negotiating a trade from a house in the SE to an acerage near Priddis. The right seat for each butt.