Quote:
Originally Posted by Doodlebug
Thanks for the info folks!
Looking for an acreage/out of city property. Thinking that with the softening market, the acreage/out of town market might soften more than the city. So thought I might be able to offer up a trade of a more "sellable" property (ie more buyers looking in the city) for their property. For something like this to work obviously would offer a deal based on fair market values for both properties....and not try and lowball the seller.
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I had tried this with a Realtor owned property in 2010 I think. I knew the Realtor got a property for a steal of a deal so I offered him a trade for my property that had similar value. However would have been an easier sale based on its location. (I thought since things we slower he might bite on it and the property he was selling had a wood framed foundation which scares some buyers off.) The only response he would give me is that we could sell my other property and buy that one for his full list which at the time was aggressively more then he had paid for it.
In the end he sold his property so I assume it all worked out for him