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How could i go about finding houses in los angeles that want to do a permanent house swap?would the local?

papers be best?given the economy houses are slow to sell,i am interested in information about permanent house swaps in L.A.,i checked craigslist but there was nothing there only vacation swaps,can you suggest anything thanks!

Public Comments

1. You can post permanent housing swaps on Craigslist. Just post on Craigslist that you want a permanent housing swap and see what you get.
2. You probably need to swap two of your houses to get one in Los Angeles.
3. House swaps are something that real estate agents used to do, mainly for tax reasons, but I think there were some issues, as they don't seem popular anymore. When you do a home swap, if you don't own your home outright, you still have to qualify and get a mortgage, and come up with a down payment. This also applies if you do own your house outright, but the house you are swapping for has a higher valuation than your house. A house swap is basically just buying and selling a house with the same party on the same day. It's beneficial in that it's easier to get a mortgage because someone else is buying your home, so you won't have 2 mortgages at the same time and the need for a bridge loan or home equity loan, but other than that, the benefits vs the risks are questionable. If people don't go through professionals with this, as they should, there are a zillion ways to get scammed. (Or about 3 zillion if you go through Craigslist!) See an attorney, go through all the typical steps one goes through buying a house, because if you don't, it's very easy to get scammed with faked quitclaim deeds, papers, etc. The other party can end up with your mortgage-free house, and you end up with a house they had no right to sell (eg, an empty house with an out of state or country property owner) -- so you end up with nothing (or maybe less than nothing, because you took out a chunk of savings to pay for the difference in house value), and good luck getting your house back, it's not as easy as it should be. You'd have to hire an attorney at a cost of many thousands of dollars, the cops/DA don't have time for this kind of thing, and it's something that would need to be expedited asap before the property is resold. Usually house swaps work best when both properties are local. Developers sometimes do them to diversify their holdings. You can find places online that handle house swaps, but it's really a good idea to speak to a professional, real estate agent, attorney, etc. It's not wise to skimp on paying professionals on such a big transaction. Often reviews about these websites are obviously written by shills, as the success of house swaps doesn't seem to be nearly what they profess, or as easy. Good luck!