I’ve said in recent news interviews that I think the severity of the housing downturn is hurting even swapping. This may seem counterintuitive, since swapping would seem to work best when owners are having trouble selling outright. However, for a swap to occur there needs to be balance. What do I mean? Simply, for a swap to take place we need an even transaction (same price houses) or one owner must trade up while the other must trade down. The problem in today’s market is finding the owner looking to trade up. At least that is my conclusion. I may be wrong.
Swapping works best when there is an even mix of owner motivations. To this extent, I’ve created a poll in the user forum area. Please let us know why you are looking to swap. Any other comments regarding your experience are also welcome.
See the poll at: