Real Estate: Can't sell your home? Swap it!

March 7, 2008

In a slumping housing market, some people who've been unable to sell their home have made the bold move of trading it for someone else's.

For ages, people have traded all manner of things: baseball cards, stocks and bonds, even spouses. Now add homes to the list.

In a slumping housing market, some people who've been unable to sell their home have made the bold move of trading it for someone else's. And, thanks to the Internet, this form of bartering is apparently becoming more popular and easier to pull off, according to a recent report in The Wall Street Journal. Websites have sprung up to facilitate these transactions, which usually save both parties the cost of brokers' commissions. To learn more, check out sites like http://www.OnlineHouseTrading.com, http://www.GoSwap.org, and http://www.DomuSwap.com.

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