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house swapping

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  • 24-06-2011 11:04pm
    #1
    gerire
    Registered Users Posts: 2,586 ✭✭✭


    Had never hreally heard of this concept till i read this article today: http://www.independent.ie/lifestyle/property-plus/house-swap-a-cheaper-option-for-moving-on-2804857.html

    Does it happen much?

    Is it a case of its between 2 parties that know each other through friends or something.

    And lastly is there a part of any of the property sites yet that you can put out feelers to look for interest in a swap?

    In my own case i doubt its a runner even though i have a great apartment in a good location i couldnt see anyone wanting to trade down from a house.... at least i dont think so


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    #2
    Aprilmay
    Registered Users Posts: 282 ✭✭Aprilmay


    We are selling at the moment and our estate agent got a call from someone looking to do a swap -the house was much smaller than ours and older we weren't interested


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    #3
    thenightrider
    Registered Users Posts: 1,647 ✭✭✭thenightrider


    I know someone who was selling there apartment and was offered a house that they had an interset in and they had to put cash towards the house i dont think it happens much and that deal did not go ahead not sure why but it does happen but i can bet if it does happen they will be looking for cash with the apartment for a house.


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    #4
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    There used be a loophole in the tax code- whereby you could simply swap property, without incurring stamp duty and/or CGT on the transaction. Unfortunately that was closed off- and if you do a formal swap, that includes transferring ownership of property from one party to another- you incur stampduty for both legs of the transaction.


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    #5
    djmcr
    Closed Accounts Posts: 237 ✭✭djmcr


    http://www.daft.ie/discussions.daft?dcn[forum_id]=9&fr=default

    Discussion forum on DAFT where people get in touch with each other. Never looked at it, just seen it on their site


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