Can’t Sell Your House? Try Trading It! News 2 Nashville, WKRN-TV (ABC)
Watch The Story At: http://www.wkrn.com/global/story.asp?s=10030834
By Reporter Erin Holt
Posted: March 18, 2009 04:35 PM
If you’re having trouble selling your home, house swapping, or trading, could be for you. The concept has been around for awhile but it’s catching on again in the current economy.
Felecity and Rob Vaughter have been trying to sell their home for the last six months. They’ve renovated, lowered their price and still, have had no bidders. After some research, the Vaughter’s decided to try the house swapping market.
“We thought we’d entertain the idea of swapping,” Felecity Vaughter told News 2 Wednesday. “We’d seen it on TV where it had worked for another couple, so we thought, ?Why not, now we’ll give it a try’.”
Barbara Adams, a realtor with Crye-Leike, says trading can work for almost anyone and even more so for sellers who don’t want to discount their price
“It’s most important to anyone that wants to preserve their equity and doesn’t want to discount their price,” she said. “In today’s market, that’s music to a seller’s ear.”
Unlike selling, trading ensures you will have a buyer and gives sellers a whole new set of possibilities.
“You can trade up, you can trade down or laterally,” said Adams. “You can have more than one party involved in a trade, you can trade, three, four, five or six, and you can trade out of state.”
Ideally, the Vaughter’s said they’d like to have a vacation home in Gatlinburg or a piece of land.
So far, their only offer is for an RV. The Vaughter’s say no offer is too crazy for them.
“Nothing’s ever too strange, go ahead, send it out there,” said Felecity Vaughter.
Realtors say if you’re willing to step outside the box, the options for trading can be endless and can involve any asset, not just homes.