Property swap rather than sell
I have an apartment which I want to sell but the fact is it does not have the desired value at this time to make a sale viable.
What I would like to do is actually swap it for something elsewhere, iideally a house closer to where I live or something abroad.
The question is, can this be done?
I do not know of any agent or place that I could do such a transaction and I was wondering if any of you kind folks knew of any where that did?
I think this would be a great business opportunity in this day and age.
I understand there would be issues with mortgage companies and money and values etc etc but surely this could be dealt with by those more knowledgable than me.
Thanks
John Sweet
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Member Since January 2011 - Comments: 12212 - Articles: 1408
10:32 AM, 4th April 2015, About 11 years ago
Hi John
What is the difference between a “swap” and selling your property to buy another?
The value of your property is the amount somebody will pay, I see no difference between a swap or a sale and purchase.
Yes the mortgages would be an massive issue because you cannot swap your mortgage for somebody else’s.
Sorry but I think this is a non-runner.
.