House Swapping Version 2.0
The Real Secret to Finding a Swap
Want to find a swap?
Well, here is the secret…
Trade Up In Price!
It is as simple as that.
There is currently a very large percentage of users on Domuswap looking to trade down. You’ve probably encountered this in some of the inquiries you may have made. “Sorry, we are only looking to trade down”.
In this respect, the current severity of the housing bust is making it harder to find a swap. Many think that swapping is geared mainly (or only) towards a down market. To that I say “not this down”.
To facilitate a swap, you either have houses of equal value, or one party must trade up while the other trades down. In this market, where it seems no one is looking to trade up, we have a fundamental problem.
The whole point of swapping is to get you into a better position than you are now. That might mean a comparable house closer to the location you want, even if it is not your “Ideal” match.
So the second secret to finding a swap is: “lower you standards”. I don’t really like the sound of that, but I just mean, don’t only look for your ideal swap. Anything that improves your position is a positive.
So, in summary, if you simply trade up in price to a much worse property, you will have no problem. I am not entirely serious on that point, though it is essentially true. But if you are in a position to trade up in price, you will find many serious offers out there.
Well, here is the secret…
Trade Up In Price!
It is as simple as that.
There is currently a very large percentage of users on Domuswap looking to trade down. You’ve probably encountered this in some of the inquiries you may have made. “Sorry, we are only looking to trade down”.
In this respect, the current severity of the housing bust is making it harder to find a swap. Many think that swapping is geared mainly (or only) towards a down market. To that I say “not this down”.
To facilitate a swap, you either have houses of equal value, or one party must trade up while the other trades down. In this market, where it seems no one is looking to trade up, we have a fundamental problem.
The whole point of swapping is to get you into a better position than you are now. That might mean a comparable house closer to the location you want, even if it is not your “Ideal” match.
So the second secret to finding a swap is: “lower you standards”. I don’t really like the sound of that, but I just mean, don’t only look for your ideal swap. Anything that improves your position is a positive.
So, in summary, if you simply trade up in price to a much worse property, you will have no problem. I am not entirely serious on that point, though it is essentially true. But if you are in a position to trade up in price, you will find many serious offers out there.
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Comment
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Comment by Peter Jay on January 23, 2010 at 2:53pm -
Nice work on the site..hope it brings a swap!
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