Real Estate Investors

Comment

Comment by Joseph Velli on February 3, 2010 at 6:54pm

In reading some of the comments below about the inflated prices that sellers are wanting for their properties in exchange is way out of line. I would not take what they have listed as a trade price but would ask that both sides of the trade provide a comparative sold price of each others property.

I find that most of the ones wanting to trade can not get the prices that they would get if they were to sell their property. It is imparative that we ask for comparative sold properties other wise do not trade. These comparative MLS sheet will show dates that they were sold and are only valid for the last six months. If they do not provide you with this information DO NOT TRADE with them.

In the trades that I have been involved in I have checked the sold comperables because I am a REALTOR but any one can get that type of information. If we all start asking for this information you will see that the prices will start coming down.

Joe

Joe

Comment by Lisa Ryan on June 26, 2009 at 4:16pm

I have a home that WAS appraised at 1 mil in 2006, latest appraisal in Nov. 2008 at $825, tax assessed at 750K in Country CLub of Ocala. On golf course 1 1/4 acre treed lot with stocked pond and waterfall. 4300 sq ft all brick home, colonial style, fully updated inside with new lighting, vanities, hardwoods, trim package, tiles, mirrors, painting, slate, granite. Real estate listed at 650K! due to job loss! Looking to trade down. Assumable mtg of 575K,neighborhood of million dollar homes, strict HOA. Golf, rec room, restaurant, pool, trails, etc. Must sell or trade! Would be interested in home either in Ocala or N. Georgia Cherokee cty, range of 300-450K with financing for 7 yrs at 6-7% interest on note. Excellent credit except for this home not selling right now, have proof of income and creditscore. Would like home no more than 5 yrs old with basement and a minimum of 2800 sq ft. with basement. Good way for investor to pick up gorgeous home worth over 800K for 575! If you have a quality home in Ocala or Cherokee Cty , GA, and can carry short term land sales contract on your home, Lets TRADE before I have to give away the 300K I put into this home to make it the estate it is. Email me LisaRyan.Reflections@yahoo.com. Can forward photos. Need to move by end of August.

Comment by johnvincent on June 17, 2009 at 6:28pm

Have a totally upgraded "loft style" free standing house on St. Simon's Island in GA available.....three bedrooms two baths fully furnished.....cozy at 1200 square feet...but good layout and only a seven iron shot to the famous Sea Palms Golf and Tennis Resort. Also have a fully rented four family 7200 square foot property in Savannah that is currently on the market for $699,455

See these websites:
http://www.trulia.com/property/1042215010-485-Cedar-Walk-Saint-Simons-Island-GA-31522

http://www.trulia.com/property/1058705558-1110-E-Victory-Dr-Savannah-GA-31404

johnvincentartist@hotmail.com

Comment by Shep on May 3, 2009 at 11:30am

I have properties to trade in South Carolina (Johns Island, Lake Murray, Lake Hartwell, Travelers Rest, Lake Keowee) and in North Carolina (Boone). Homes range from 239,000 to 1.9M. Will consider farm land (with available water), homes or commercial property. ssheppard@sc.rr.com

Comment by Douglas Emde on April 9, 2009 at 1:51pm

To Mr. Ed Tse and all others: just read your post and could not agree more. People are either inherently ignorant of what "trading" means, or think potential trade partners are stupid. `I joined this sight on the possibility of connecting with people who do understand what is meant by equity, value, price, mutual interest, debt, risk assumption, etc. but so far it is disappointing. But, let's continue to try.

Comment by ed tse on April 9, 2009 at 3:05am

I have been with other real estate exchange for 4+ years. But, it is totally a waste to me. Why?
1) I believe, a trade has to be on realistic or reasonable basis. A lot of people contacted me wanting to trade their stuff with me, I have never had a successful trade. Their trade prices are way out of line (NOTE: I just get in here a few hours ago, I browse two states. I found someone doing that inflated price are here too.)
For example, one Florida owner proposed a trade to me. He wants "$150,000 for his boat-access land. The problem is there is a similar land right next to his is listed for $39,000. The worst is he listed his property on MLS for $59,000. How can he want to trade almost 3 times than his listing price for the same property? That's a phony and intentional fake trade. Still, a lot of Californian owners want to use the peak price in 2006 for trade. Say I had a trade proposal from California Vally. He wanted $80,000 for his vacant land. After checking with local realtor, its value is roughly $5,000-15,000. I don't see any point to waste my time to keep myself in that website. Could anyone tell me: did I miss something or did it wrong, even I know "trade or barter price" is normally higher than "cash deal" ?
2) A trade is an exchange of equity. However, a lot of property owners don't understand this or try to play dumb.
For example, a Californian owner proposes to trade his Oceanside $1 million property with $800, 000 mortgage for my free and clear $350,000 property. I asked him how we are going to balance our equity, i.e.how he plans to pay me $150,000 in cash, paper, or something else if I assume his property still worth $1 mil. Do you know how he react to my question? He pissed off by saying: " I give you my $1 mil property for your cheap $350,000. You take advantage of me already. How could you dare to ask me to pay you money?"
Well, what can I say? Maybe he is trying to find a fool after him, a fool having a negative equity in his McMansion.

I hope I can meet reasonable people and do some sensible swap here and all the parties involved with me are happy, feeling as a winner out of the trade as all my customers.

Comment by Jeff Hessler on March 16, 2009 at 11:14pm

I have a brand new (never lived in) five (5) unit Florida beachfront multi-family building and single family home for sale. The property is located on Manasota Key, which is in Englewood, Florida (SW Florida). I am willing to sell it as a whole or individually.

Please see the below link for additional information and photos.

http://www.submittheoffer.com/RealEstate/DisplayAd.asp?id=4425

Comment by Van P on January 20, 2009 at 6:16pm

Look at this site www.teratrades.com they may have some players there to trade houses with.

Comment by Van P on December 21, 2008 at 9:34pm

I am new in this forum and I like to share my opinion that posting property for trade is not enough, we need to have enforcement that make it work