Trade Program

How a Trade Works

Buying and selling a home in today’s real estate market can be distressing, frustrating, and expensive. It seems that all sellers in a market are penalized because a certain area of town or a certain price range is not selling or is experiencing declining values.

This creates a lag in the market and gives buyers leverage in negotiations, forcing sellers to often accept less than their property is worth. Exchanging properties with another motivated seller is a great solution in today’s real estate market.

The Home Trade Program offers a unique look into a home seller’s motivation. In many communities, there are thousands of ready, willing and qualified buyers ready to buy homes right now. The obstacle is they MUST sell their home before they can purchase another home. In the real estate industry, this is known as “Frozen Equity.”

So, in today’s market, the problem is not lack of buyers or the lack of inventory – instead, the problem is that buyers and sellers are not connecting. Much like an online dating service, the Home Trade Program advertising and website work as a search engine to match the wants and needs of buyers to the same wants and needs of two property sellers within our database. We are the vehicle that brings motivated buyers and sellers together. Through this Home Trade Program, we will help you find the house you want and find someone who wants to buy yours, all in a timely and coordinated effort of real estate agents, lenders, escrow companies, title companies and the many affiliates associated with the real property sales process.

The Home Trade Program is an industry-wide initiative created by the joint effort of local real estate affiliates interested in connecting buyers and sellers with frozen equity. In years past, this program has served many markets very well as it puts the sellers of property back in control while identifying others who have similar desires moving in opposite directions who desire a residential location change.

Step 1
Ask your real estate professional to fill out the short form that gathers the most basic information on “What you are selling” and “What you are looking to buy.” What really helps is to ask yourself four key questions.

Step 2
By clicking on Current Value and Loan Balance, you will be providing us with the necessary information to provide you with completed trade work sheets that show you potential properties and owners that can affect a trade that financially works for you and other sellers.

Step 3
Click the Submit button. Your information will be evaluated by our financial analyst to verify that your property has adequate equity to affect a solid trade. Just sit back and wait for your matches to surface from either our advertising or website inquiries. You can then contact your agent or your agent will be contacted either by another agent or an inquiring seller also considering a trade.

Minimum Requirements For A Successful Match Are As Follows:

Once a match has been made, the participating real estate agents get together and structure two purchase agreements contingent upon a concurrent close of escrow. Financial information from both parties is necessary if new loans are required for either property purchase. In many cases, the clients get together with their real estate agent to discuss all aspects of the trade and the coordination of two sellers relocating at the same time.