Swapping by owner will eliminate commission

save on commission
House swappers can potentially save $5,000 on real estate commission for each $100,000 in trade value. So, if both parties swapped their $300K homes, the total savings would be $30,000 (or $15,000 per side assuming a typical 5% commission). More info at How to swap...
 

Trading Newsletter



Get property trading news, success stories, promotions...
Email Format

Featured trades

Did you know that....

When swapping existing mortgages will be paid off at closing. Since property swap involves party A buying a property from party B party A's mortgage will be paid off from party B's proceeds, while party B's mortgage will be paid off from party A's proceeds. Because most transactions are financed actual funds are coming from the mortgage companies, plus equity that either party had, (if any).