Each year families realise that the real estate market is tougher than they previously expected. In the past, people have swapped houses for a week or two as a vacation experience, but there is a new trend emerging called house exchange in which families sell each other their houses and swap permanently. The Internet is helping to facilitate these trades and it is becomes an increasingly popular practice. There are a couple drawbacks to trading homes, but people report positive results. Some people have said that they were not able to be as picky as they would have liked, but they saved money in the long run. If the homes are not of equal value, one buyer may have to come up with the cash to make up for the difference. There is also the anonymity offered by the Internet. Each seller must be aware that they may be dealing with somebody who is not totally reliable. There is also the potential for the person to back out of the deal. It is important to have a realtor involved to represent both parties. Despite any drawbacks, house swapping offers several benefits. For one, it is significantly cheaper. Buyers claim to have saved a significant percentage of money going this route. Part of the reason for this is that the two parties are using just one real estate agent instead of two. This cuts the commission down significantly. People also report that they feel a sense of freedom upon the sale. Families often attempt to sell their homes for months, if not years, in this economy. Upon swapping, many families feel that they can truly begin a new life somewhere new. There are a few tips to keep in mind when choosing to swap homes with another family. It is essential that you know where you are moving. If the location is in an entirely new part of the country be sure to take a trip there first. Make sure the location is a place you would actually enjoy living. Photos that are posted online can be deceptive and many families have horror stories about misrepresented homes online. In order to ensure you are making the right choice, actually go to the home first to make sure it is up to your standards. Some people choose to sleep in the house overnight, but it is up to the two families to determine what is appropriate. Approach the deal with some caution and do your research to ensure the best results. Browse through a list of houses in your area if you’re eager for a change.
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