Question Details

Lynn, Both Buyer and Seller in Fort Bragg, CA

Trade equity? We have equity, want to move to another town.

Asked by Lynn, Fort Bragg, CA Thu Jul 3, 2008

Help the community by answering this question:

Answers

5
Pretty good, Jed. That's called customer service.

Lynn - if you happened to use this, I'd be interested in how it turns out.

Sylvia
0 votes Thank Flag Link Fri Jul 4, 2008
Sylvia Barry,…, Real Estate Pro in Marin, CA
MVP'08
Contact
Lynn,

Just came across this. I have no idea how good or bad it is. You put in what you have and what you want.

http://www.onlinehousetrading.com/
0 votes Thank Flag Link Fri Jul 4, 2008
Jed Lane, Real Estate Pro in San Francisco, CA
MVP'08
Contact
Lynn,
When you sell you take your equity and when you buy you place the prceeds into a new property. Equity trade done.
If you are looking for a new age barter trade to be done without sales, brokerage fees, new tax basis etc. You'd have to find someone that wants what you have and has what you want. Then you have to exchange mortgages and change title etc. Interesting idea but the market place is more efficient. In most cases a barter trade market has limitations without the exchange intermediary of money.
0 votes Thank Flag Link Fri Jul 4, 2008
Jed Lane, Real Estate Pro in San Francisco, CA
MVP'08
Contact
The other problem I can see is that you will be looking at is the fact that you will be limiting the available pool of people who might be interested in your property. Not too many people will want to do the same thing as you. By listing the property and putting the property on an open market, you will definitely be able to attract many more buyers.

Sylvia
0 votes Thank Flag Link Fri Jul 4, 2008
Sylvia Barry,…, Real Estate Pro in Marin, CA
MVP'08
Contact
Great, pay, and you can move,
Just kidding....the trransfer of a real estate asset is not inexpensive...for good reasons...transfer of titie primarily. It's not like trading stock...for more good reasons.
0 votes Thank Flag Link Thu Jul 3, 2008
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
Contact
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer