When we real estate professionals list a property for sale we do ask what the sellers plans are and often times we either have sister offices or affiliate offices or referral networks in place for the area in which they might be interested. Is the listing office licenced in that MA if they were going to advertise your property in Acton for the sale/swap situation? We usually have extensive networks available to our disposal but once again alot would depend upon how many people in Acton are looking for a condo like yours & purchase every year. I might hazard to guess it might be a small population. Have you ever met anyone in the general area where you live from Acton?
You should probably consult with a local real estate attorney in your area to review the possible, issues your unique situation involves. If you are not currently listed with a real estate professional and wish to do this as a private sale, you might travel to Acton with info sheets and meet every real estate professional in town and make your property known. If your property is currently listed with a real estate professional you might review the marketing plan with them to see if this idea might also be worked in somehow.
Hope that helps,
I am working on a Home Swap right now! It didn't start out that way but it is a situation where my clients found a "move-up" house. Their house is not yet on the market so they are hesitatant to move forward and risk being in a double-mortgage payment situation. It so happens the seller of the house they want is looking to "downsize". We are talking to the attorneys, the accountants, the mortgage people etc. to make sure we do this legally and so it benefits all involved. Let me know if you'd like to follow this transaction.
As previously stated here, in this volatile market, we do need to think outside of the box! Home exchanges just might become more and more popular if consumers like yourself and your broker initiate them!
REMAX Signature Properties
It's not just a matter of "swapping houses," both houses need to be owned outright, free-and-clear of mortgages. Otherwise, the mortgages on both houses need to be assumable.
Then, comes the question of valuing the equity and mortgages. You're swapping two houses worth roughly $200,000 and both parties are happy, but what if one is mortgaged for $50,000 and the other for $150,000? Maybe you'd trade one for another one worth $150,000 or $250,000?
I think before house-swapping sweeps the nation, there are a couple of minor details to be worked out.
Do keep us posted on your efforts,
Its hard to sell if for low but its easier to trade if you like the area and the place..although you are not fully reimbursed every penny...when you sell u look in to profits and loss....when you exchange something (sell and buy)..its not that pain...its more a feeling of content..though u might end up at loss..You immideately have a home.
I just wish, when real-estate agents get their listings, they should ask where the seller is planning to move and come up with a plan... like looking in to properties that are for sale in the area and ask if they are interested in exchange. It will be nice to find a RE agent who could sell your place and also find one to buy(like u buy mine and i buy yours) with his networking skills...
Ofcourse there are some websites that do it...but they aren't that popular...and people are not sure how to do it legally!!!
People do resort to creativity during difficult times.....we are seeing a huge influx of owner financed and lease option deals today. Home exchanges may be still another creative way for people to meet their real estate needs.
Good luck with your new job and your home search.