Mike Sims, ePro,
Broker, Joliet, IL
Norma, what you are referring to is called an EXCHANGE. you would have to find someone who is willing to trade you for your house. Many exchanges are 2, 3, or 4 levels deep and VERY COMPLEX. It is not a casual encounter for even a seasoned real estate agent. There are exchange clubs that may have experienced professionals in your area. Also as an escrow company executive who does these types of deals in Magalia CA.
Also consult your tax professional. You can also do what is called a TAX DEFERRED EXCHANGE whereby you sell your home and then put the money in escrow until you find another home.
Also consult your tax professional. You can also do what is called a TAX DEFERRED EXCHANGE whereby you sell your home and then put the money in escrow until you find another home.
Jerry Grodesky (630) 533-7600 or (217) 386-4220,
Broker, Illinois
Norma,
Depends on what you have and where you want to be, not to mention what price you are in. If you need assistance from this point, please let me know. I have 21 years experience.
Depends on what you have and where you want to be, not to mention what price you are in. If you need assistance from this point, please let me know. I have 21 years experience.
Anthony Cavalea IV,
Managing Broker, Channahon, IL
Theoretically yes, but obviously, the trick is that you have to find someone in a similar situation where you want to move who wants to move where you currently live.
