Earlier this month, we rolled out an enhancement to our three-way swapping feature. Our home page describes this as “one of our most exciting features yet”.
Domuswap has always calculated three-way match possibilities; we call them “extended” matches. Three-way swapping greatly expands the number of potential matches for any property.
In a nutshell, in a three-way swap:
- Owner A wants Owner B’s House
- Owner B Wants Owner C’s House
- Owner C wants Owner A’s House
With only two of these owners, there is no potential match. But throw in a third property, and a three-way swap can occur, yielding three actual sales.
The description of how to use the new feature is listed on our Help Wiki
, but I will elaborate a bit here.
All owners are presented with lists of matches
, including extended matches. Those properties shown in the extended list are those that match your swap criteria, but can only be achieved through a three-way swap.
To initiate the swap, submit a property inquiry in the normal manner; click on the owner contact link on the property you are interested in and submit the inquiry and message to that owner.
The magic happens when that owner receives the inquiry. While he is not interested in your property, he will be informed that a potential three-way swap exists, and be presented with the list of potential third properties, property C in the example above.
Based on the list of potential three ways swaps, he can choose to accept the inquiry. If he accepts, the list of 3 ways swaps will then include check boxes next to each property. The owner can select among the potential 3 way swaps, and then submit an inquiry to all of these at once.
When Owner C receives the inquiry, he will be able to see all the properties of Owner A, the one he is ultimately interested in. Owner C can then accept or decline the inquiry. If he accepts, contact information for all three owners will be available.
This process can be seen as a simple extension of the normal two way inquiry process. While a bit more complicated, I don’t feel it is unmanageable.
Please give three-way swapping a try. There is probably more potential for three-way swaps within a local region, especially in markets with many listings, like Phoenix or parts of Florida.
And as always, please make your swap criteria(s) as exact as possible. The results of the matching engine are solely based on the quality of the input data.