<< Read Full Article

Your Home Not Selling? Swap It

 

House for Swap in Quakertown, Pa.
Can't sell your home? Then trade it.

For those who are stuck with a house that just won't move in the current market, an extreme option is emerging: swapping the property with a seller in same position.

Home swapping, a practice that has appealed to vacationers for decades, is now being pitched as a strategy for unloading a house for good, especially at a time when buyers are hard to find.

A growing number Web sites are cropping up to match sellers who are willing to become swappers instead.

Web sites, such as DomuSwap.com and GoSwap.org are among several that are quickly cropping up to act as matchmakers between home sellers who may consider a trade instead of waiting out the market.

"I definitely see a need for this service right now," says David Moskowitz, founder of the Sarasota, Fla.-based DomuSwap. "There are people who have to move and they're really stuck in this market."

Moskowitz, a software developer, says he decided to pursue the concept after trying to sell his own home in Nokomis, Fla., and buy another in downtown Sarasota. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services