Over the last few years the Real Estate world has radically changed. Inventory has flooded the market, prices have dropped dramatically and financing for purchases has tightened considerably.
By uniting Buyers and Sellers, a property trade allows us to help our clients to move up, down, in, or out of the property market in a more unconventional way.
Anyone. Trading homes is just another way of selling real estate. The concept is especially beneficial to someone who is moving to a different location and simply wants a similar place to live in. Exchanging properties is also an alternative way for investors or second home owners to move assets to different locations, thereby spreading and reducing the risk.
Contrary to a common belief, home traders don't need to own the property free and clear. If there is a mortgage and little or no equity, however, the seller will have to qualify for a new mortgage as a buyer for the property he/she is swapping for.
