Real Estate
Due to the current slump in the housing market in the United States, houses are staying on the market for longer than anticipated and house swapping has evolved to help buyers and sellers find a more permanent match. As with more traditional house swapping, the internet helps prospective buyers and sellers find a match in their desired location. This form of permanent house swapping is more popular in the Sun Belt and other regions where the market is slower.
This system is not well-established and has a number of kinks that must be dealt with, including how to account for differences in the values of houses. In addition, lenders often must approve the swap and there may be issues related to the house's condition, capital gains and foreclosures that both parties must be aware of.
Currently, none of the house swapping web sites release numbers of successful swaps, and there is speculation by some that they are merely lead generation sites that charge an up front fee to post property without creating successful transactions.
Read more about this topic: House Swapping
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