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Swapping/trading instead of selling for money?

Discussion in 'The Buying & Selling Process' started by Johnny Cashflow, 22nd Dec, 2015.

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  1. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    Has anyone ever done this before or heard of it happening?

    As in swap a house with someone for another house?

    I saw someone offering on Gumtree to swap some beach front land for a commercial city development type property ...

    Could this ever work?
     
  2. Dan L

    Dan L Member

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    Have seen this work on a couple of occasions in NSW.

    Requires interdependent contracts with simultaneous exchange and settlement.
     
  3. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Yes it can be done, still has stamp duty etc payable
     
  4. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    Stamp duty is paid on what value?
     
  5. Scott No Mates

    Scott No Mates Well-Known Member

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    Market value
     
  6. Marg4000

    Marg4000 Well-Known Member

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    Neighbour accepted a cheaper property plus extra money for his house.

    Marg
     
  7. wylie

    wylie Moderator Staff Member

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    My parents once swapped a house for another house plus some cash to make up the difference. It was all done above board, contracts drawn, duty paid on correct figure etc. We ended up buying it from my parents when we married (a year or two after they bought it). I remember a few people knocking on our door looking for the previous owners. I believe one was a debt collector and another was the agent they had it previously listed with who was sniffing about for possible lost commission. (I'm fairly sure my parents didn't see the house through an agent, and maybe the agent was merely wanting to check out who bought it to confirm if they could push for a commission?)