I have a question about the possibility of bartering a vacant piece of land (2.3 acres) towards the purchase

Asked by Andy, 49341 Tue Mar 25, 2008

of a house that is listed by a real estate company. My question is has anyone here ever been involved in this type of exchange? My thinking was I would be able to help who ever is selling their house and they would help me, and we both would save on taxes. I would like to put something like this together, just not sure where to start. I have two lots on a private road that I’d like to make-work for me. Any suggestions would be greatly appreciated.
Thank you for your time…

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Jim Starwalt, Agent, Grayslake, IL
Wed Mar 26, 2008
I could be wrong, but you will not be able to avoid the taxes on the sale, capitol gains, transfer taxes etc.

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