Home Buying in Salter Path>Question Details

Kerob5, Home Buyer in Asheville, NC

Will trade home in Asheville area for home in Salter Path NC?

Asked by Kerob5, Asheville, NC Mon Apr 14, 2008

Help the community by answering this question:


You should try placing an ad on one of the free home trading sites that actually work like Craigslist or http://www.CareToTrade.com or possibly even ebay
0 votes Thank Flag Link Wed Jun 4, 2008
Try to List Your Home for FREE on http://www.TradeYourHomeOnline.com, It's a new site dedicated to putting sellers together for your exact scenario.
0 votes Thank Flag Link Sun May 18, 2008

While there is a small chance that you might find someone in the small beach community of Salter Path to do a direct trade for your home in Asheville, it is much more likely that you can sell your Asheville home and take that money and use it to purchase in Salter Path.

If your Asheville home is an investment property then you can initiate a 1031 Tax-Free Exchange. You first market your Asheville home. Upon closing your proceeds are directed to a "safe haven" that holds those funds while you prepare to purchase a replacement property. The exchange must be real estate for real estate or a "like-kind-exchange." You have 45 days from closing to identify one to three potential exchange properties which are valued at or above the sales price of your Asheville home. You must then close on the new property within 180 days of closing on the original.

The face of Salter Path is changing quickly and new complexes such as the Ocean Club and the Grande Villas are enticing. Older complexes such as Summerwinds are selling at great value and historic squatter camps are selling and making way for new homes. Please beware that new proposed Coastal Stormwater rules and regulations set to take effect on August 1, 2008 may severely limit your ability to build or renovate within 1/2 mile of any water on the coast. Consult with a knowledgeable realtor to be sure you know exactly what you can or cannot do with property you purchase on the coast. Please contact me if you have any more questions.
0 votes Thank Flag Link Tue May 6, 2008
With the interest rates being low and the amount of inventory on the market, people are realizing that this is a great time to buy.

I can't answer personally on the market in Asheville but I can refer you to an agent in Asheville. You can contact me through my website for more information.
0 votes Thank Flag Link Tue Apr 15, 2008
Traditionally spring is always a good real estate market because alot of families will not consider moving during the school year. So they don't start looking until spring and the end of school is in sight. Also, simply the weather makes it better to be out and about. Then last but, not least it is a buyer's market because of several reasons, the level of inventory (homes for sale) is high and with some builders and resalers if they have been carrying the homes for any amount of time it makes them prime for making a good deal. Hope this helps,

Larry Story
Coldwell Banker Triad
0 votes Thank Flag Link Mon Apr 14, 2008
Penny, why is this a great time to put it on the market? Because it's spring, or is the market in Asheville picking up?
0 votes Thank Flag Link Mon Apr 14, 2008
Have you thought about listing your home first? This is a great time to put it on the market.

Good Luck!
0 votes Thank Flag Link Mon Apr 14, 2008
Have you tried Craigslist.org they have some trades and barters on their site.

Larry Story
Coldwell Banker Triad
0 votes Thank Flag Link Mon Apr 14, 2008
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