House Swapping

April 2, 2008 12:00:00 AM PDT
The slow housing market has some sellers looking to "swap."Paul Atmajian has been trying to sell his him home in Fresno's Tower District for months, so he can relocate to Hanford. He's now advertising on Craig's list, and he's hoping to find someone willing to swap. Paul said:" I'm reasoning that there may be someone in Hanford where I'd like to go, who is having trouble selling their home who is also interested in moving to Fresno."

Fresno realtor Ken Neufeld believes swaps can work, but they are not necessarily an easy sell. "The problem with the traditional housing swap," he said, " is that the home belonging to party A has to work for party B and party B has to like party A's home, so there's two parties have to like each others homes and the chances of that happening are not 90% percent, it's more like five or ten per cent. "

Still Neufeld said in times like these, such methods are worth a try. He adds, "It is something that happens when the market is tough and people are being more resourceful to try to make things happen."

Paul Atmajian is just hoping he'll soon meet someone willing to give it try. "If we both agree that our houses are appealing then maybe we can make a deal."


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