HOME EXCHANGES A WIN-WIN FOR BUYERS AND SELLERS

One of the biggest factors slowing the real estate market today is the hesitation of buyers to assume the risk of buying another home before selling their existing residence. Most buyers simply cannot buy until their current property is sold.
There may be several buyers interested in a seller’s current home, but they are in the same position and can’t commit to buy before they sell, either! This is one of the biggest reasons that the market is bogged down with excess inventory.

To solve this problem, Weir Manuel Realtors recently announced their property exchange program. By identifying not only the features and benefits of the homes we have to sell, but also the seller’s specific needs and desires for the home they wish to purchase, this program will be able to effectively match buyers and sellers whose properties satisfy each other’s requirements. In this way, simultaneous transactions can be structured for homeowners who are “stuck” in their present homes.
Such exchanges are not necessarily limited to two parties. Three or more exchanges could theoretically be accomplished at the same time. Participants in an exchange could be desirous of moving up or downsizing but could also be interested in a lateral move to a home of similar value offering a different location or simply different amenities.

All the elements necessary to facilitate exchanges are now in place. All that is needed is to identify current homeowners for whom an exchange makes sense. Creative thinking and trusted advice from a Weir Manuel professional can make it possible.