East Valley sellers find a creative way to make a deal
House swapping likely wasn’t even seen a couple years ago when it was easy to sell a home for a great price, Scottsdale real estate agent John Wake said.
” When I first heard about it, I thought it was a crazy idea, but it might work for somebody,” Wake said.
Still, it’s a long shot, he said. And some of the people placing ads may just be asking too much for their homes, he said.
A house at the right price will sell, he said. ” I think it would sell a lot more quickly than a home swap.”
Theoretically, a house swap could work but, boy oh boy, it seems like a long shot!
My biggest question about house swapping is, “What about the mortgage?” Won’t the mortgage holder want to get paid off when you transfer the title to someone else? An acceleration clause.