House swapping, the practice of exchanging properties is making a resurgence with help from a number of home swapping websites and services. Home owners who are interested in searching for others willing to exchange properties now have a number of resources to use to make their searches more fruitful.
Property owners are using sites such as onlinehousetrading.com , mkhomeswap.com , and besthouseswap.com to identify potential swap partners in the areas they are looking to relocate to. The reach of the Internet is making finding those elusive swap partners easier and faster.
In most cases these swap site require a registration fee that can range from $20 to over $250. Also the idea of a swap can be misleading. In most cases homeowners negotiate sale prices and work with real estate attorneys and mortgage lenders to facilitate property exchanges particularly when there is a difference in value between the properties. House swapping could be a for home owners looking to sell their Cincinnati Real Estate.
If you watch the news to often you hear the consistent drone that home prices are down! The real estate market is in the tank! Well that may be true in some areas but not all. The fact is that in select Cincinnati neighborhoods the average SOLD price is up 20% or more including parts of Amberley, Indian Hill, and Mariemont. The area around Symmes Township and Dry Run / Mt. Carmel have seen better than 9% increase in sold price.
On the other hand some zip codes drop in sold prices up to 25% in the same time period. There could be dozens of reasons for this including tax abatements, inflation, inventory, and normal cyclical changes in neighborhoods. Paramount is that when looking for a home or an investment property your agent has a sense of the overall market trends in that particular area. Nothing is ever a guarantee for valuation but this is the kind of information you should ask for and expect from a real estate professional.
The accuracy of information in this post is dependent on the MLS system for time periods. The analysis included 31 zip codes comparing the previous 6 months with the same six month period one year prior. The analysis is a useful tool for estimating value trends and is not guaranteed to be applicable to all properties in the areas aforementioned.
