Updated over 11 years ago on .
Brokering an out-of-state land for in-state home swap/trade
Hi BP!
I was hoping some of you may have a direction I can go on this potential deal here.
Brief synopsis of deal:
Seller from TN has about 5 acres of land, owns it free and clear, not zoned for anything yet, but it is on the side of a mountain, so would be fairly substantial development cost.
She wants to trade for a house here in Florida that her son can live in. Doesn't mind a little fixing up, but doesn't want a major rehab.
My question is, how would you guys go about finding a buyer who would be willing to consider a piece of property in another state for consideration for his house?
The other things that are hindering the deal are:
1. She has almost no money for closing costs or to put towards the deal.
2. She can't buy any house without either the land being sold first or the piece of property being most if not all of the deal on her side.
3. We can't go look at properties if the buyer wouldn't be willing to consider her land in the deal.
Any suggestions would be most helpful. I am going to contact another RE agent up her way and see if she would be willing to try and find a buyer for her land so that in the future maybe I can be on the purchase side for her property here, but any other innovative ideas are very welcomed!