Houses: Buy, Sell and Now, TRADE

By: Kieran Wilson Email
By: Kieran Wilson Email

Can't sell your home? Or just don't like where you're living?? Well, you may be able to swap it for another one.

"Exchange, trade, swap, It's kind of like monopoly." That's according to John Huff, a broker with Coldwell Banker. He says home exchange is the latest real estate trend to hit the valley, so popular there is an entire section dedicated to house swapping on Craigslist.

Huff explains further, "exchanging is where people want to trade up or down for another property." He says a declining housing market and people having a tough time selling their homes has them looking for other options.

Builders, homeowners, investors, and developers can take advantage of the exchange, sometimes all working together to make sure everyone gets the home or land they want.

Huff says the major motivators for people are to get a home sold, get in another one quicker and get a new interest rate while you're at it. It's as simple as I'll buy yours if you buy mine. Huff explains, "interest rates have come down so instead of refinancing and paying those fees they could exchange into a new home and reduce their payments by getting a better interest rate."

Huff says the best thing to do is to ask questions and get as much information as possible.


KKCO firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKCO 11News.

powered by Disqus
KKCO NBC 11 News 2531 Blichmann Avenue Grand Junction, CO 81505 Station Phone: 970.243.1111 Business Fax: 970.243.1770 Newsroom Fax: 970.245.3793 News Tip & Contest Line: 970.255.8477
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 38832732 - nbc11news.com/a?a=38832732
Gray Television, Inc.