Feb 21 2008
House Swapping Is An Option For Homeowners In A Struggling Market
In the film The Holiday, two women on opposite sides of the world decide to trade houses over the Christmas holidays. Trading homes for vacation purposes is not a new idea, but what if the swap was permanent? Investors looking to sell a house could consider a swap if they are interested in purchasing new property while receiving market value for their own.
An estimated 16,000 Americans are in the market to trade their homes, according to ConsumerAffairs.com. That’s not many in the grand scheme of things—there were over four million homes on the market at the end of 2007—but the number is steadily growing as more people get fed up with the lack of buyers.