My Neighbor sold their house to an investor maybe 8 months ago, and this investor has been hard at work remodeling it. He originally tried to buy my house so that he could knock both houses down and put an apartment complex across both lots. I declined, with the exception that he give me enough money to buy a much larger, much more permanent house suitable for a growing family. Today he offered to trade my house for one that he just finished building; brand new, never lived in. It's double the square footage of my current house, and the listed asking price is >$130,000 more than my current home value. I'm looking to know how this would work from a neutral party before I ask him about all the nitty gritty details, to make sure nothing gets overlooked. Would I have to get a new loan? What kind of fees would I have to look out for? Paperwork?
Submitted September 22, 2022 at 12:42AM by Twigleg2 https://ift.tt/peDdanv
