Who can swap properties?
Anyone. Trading homes is just another way of selling real estate. The concept is especially beneficial to someone who is moving to a different location and simply wants a similar place to live in. Exchanging properties is also an alternative way for investors or second home owners to move assets to different locations, thereby spreading and reducing the risk. Contrary to a common belief, home swappers don’t need to own the property free and clear. But if there is a mortgage and little or no equity, seller will have to qualify for a new mortgage as a buyer for the property he/she is swapping for.
