I agree, I have a gorgeous home in N. Central Florida that I have dropped the price from 1.2 mill to now 825K today. I work in construction and can't afford it anymore. I just need to sell. No one seems to be able to do anything to help. I am even willing to finance, my loan is assumable, no takers. All I want is a nice newer less than $500k home that I will finish financing in areas around Atlanta. After almost 2 years on the market, not one person on this site has even shown any interest or provided a home that qualifies for a trade. I would think builders with large inventories would take on a home that the value has temporarily dropped by 1/3 in a Country Club setting and take a trade on one of their homes, but no...they are giving them back to the bank instead, makes no sense to me. Now people just want to hold onto their homes, waiting for the value tocome back...folks, it's not going to. your million dollar home is now worth whatever you can sell it for, if you can even get it financed. If I were you, and I have been buying and selling homes and apartments for 35 years, sell it now, get what you want to make you happy and stay put until the world economy is figured out in 10-15 yrs, otherwise people will soon be jumping off bridges rather than face the facts.
What do you have to trade?
Naples is overpriced.
We are in South Fort Myers, 1/2 hour from Naples close to tony Sanibel beaches and Fort Myers beaches.
We own outright and are priced according to market.
Let Me know what you have and your interest.
We are on domuswap #416.
Get in touch!
phone 239 481 0844
e mail email@example.com
I actually traded a waterfront condo for a place in N. C. mountains and need to trade a house that we have over 500,000 in as well as some of you guys somewhere between Sarasota and Fort Myers, but no responses. We simply have a horrible loan and would love to get out of it but still owe 360,000.00 on mortgage. I would also be willing to trade house in Brasstown N. C. and a lot in Punta Gorda but don't know if we can get financing now because my husband has stated income. What a mess this real estate market is in. We are in the same boat as so many of you.
Realtors won't even list because they know nothing is selling in either location.
It would need a deal maker to structure it and if two ways trade would not work it may need three ways or more. It would need more cooperation to make complex deal work. Once you have one deal down, the rest would be like making love or ride bicycle.
It doesn't mean it would be easier, is meant it can be done.
If you are serious want to make it work, let me know I maybe to assist in structuring it, the key that you have to anticipate it.
You have to willing and enable, then let the rest take it course.
It is difficult to trade anything that carries debt or needs to be financed. Best bet is property owned outright, whether all RE or other (personal property such as cars, boats, art, jewelry, cash, etc. to balance) That said, the higher the price the less interest. I am personally interested only in income property which can generate positive rental return, and have been successful in upgrading using swaps (SF to multi-unit for instance) and this continues to be my modus operandi. I will selectively inquire about potential trades to this group and hope we may find something of mutual interest.