I live in the Metro Atlanta area and I am wanting to move to a more rual area near the Alabama state line. The areas of Carrollton, Whitesburg, or Bowdon. Do agents ever consider a swap of near of equal value? There is no morgage owed on my house.
2006-07-16 03:56:57 · 3 answers · asked by Free Bird 4 in Business & Finance ➔ Renting & Real Estate
For housing swaps you may want to do a 1031 exchange. There are companies out there that hook up people with properties to echange with while helping you do the paper work. Some agents are knowledgable some are not, but your best bet is to type "1031 exchange" and your city in a search engine.
Regards
2006-07-16 15:48:09 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you are using an agent whatever way you structure a purchase will require a payment of their fees. I think the odds of you finding someone to swap a residence is less unlikely although not impossible depending on what you have to offer.
2006-07-16 07:55:52 · answer #2 · answered by Sam B 4 · 0⤊ 0⤋
Anything is possible. You can put that in your purchase contract, and it can be done. However, it would just be easier to pay for each others houses.
If you both own your houses, just sign the deed over to one another. Make sure you have a rock solid contract though.
2006-07-16 06:56:33 · answer #3 · answered by Christopher 4 · 0⤊ 0⤋