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July 03, 2008

Earlier this week I wrote about a website that worked to connect folks who wanted to swap homes rather than sell their homes... it seems a few more sites have come out of the woodwork since then...
so, for those of you still willing to throw the equity you have in your home to the wind, a few new options for you...
Down market gives rise to home-swap deals
DANNY BRAGG and his wife, Danika, who own a modern, four-bedroom home in San Bernardino County, are thinking of moving. They're just not yet exactly sure where.
He would like to go back to Texas, specifically to the Woodlands, a town less than 30 miles north of Houston and close to where he lived before moving to California 11 years ago.
Danika, 40, a California native and executive assistant at a civil engineering company, is less keen on Texas. She would prefer somewhere within 50 to 80 miles of where they are now, still close to her mom and work but on the coast.
Danny, 37, a home-based regional insurance sales manager, also loves the beach and sees coastal California, like small-town Texas, as a great place to one day raise kids.
How the couple resolves the issue could depend partly on the emerging practice of home swapping. Through the website Pad4Pad.com, they are hoping to find someone in Texas or California willing to trade for their 1,600-square-foot, four-bedroom home in a gated community in Highland.
For years people have been swapping homes for vacations. Today, the idea of permanent exchanges is gaining support among disillusioned property owners struggling to sell in a glacial real estate market.
Click here for the complete story...
Posted by Jeff Brooks on July 3, 2008 06:59 AM | Permalink
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