
Homeowners who are having trouble selling their home the traditional way are now trying a different approach.
It's called house swapping, or trading.
Here's how it works— people agree to buy someone's home, but only if they buy yours.
Both parties pay off any existing loans, and get new financing on the home they are buying.
"Would-be swappers" post pictures and descriptions of their homes online.
For many, the swap idea comes only after they've failed to sell their current homes.
Dan Williamson is a House swapper."
He says, "It sure beats waiting for that one person to come along. If you can find something that works for you, and you have something that works for another family, you both benefit."
According to the swap site, goswap.org, the concept works well for people who are moving to a different location, and want a similar place to live in.
The site also recommends swappers hire real estate attorneys to handle the transactions.







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