Property exchange: a clever solution for senior citizens and young families
Owning a home is often too big in old age, while young families are desperately looking for more space. However, the tight property market makes it difficult for both sides. One Property exchange solution offers an ideal opportunity to bring the right buyer and seller together - simply and efficiently.
Why property swaps create a win-win situation
Many senior citizens are faced with the challenge that their home offers too much space and the amount of care required is increasing. Young families, on the other hand, need exactly that: more rooms and preferably a garden for the children. This is where property exchange comes into play:
- Senior citizens find a Age-appropriate flat with short distances to doctors and shops.
- Young families receive a Spacious home for their growing space requirements.
However, the search for the right property can be tedious for both parties. An exchange not only saves time and nerves, but also ensures that both parties can fulfil their housing requirements.
How does property exchange work?
The property exchange follows a clear procedure and is based on mutual purchase agreements:
- Contact estate agent: An experienced estate agent will list your property and look for suitable exchange properties.
- Find a suitable property: As soon as a suitable property is found, both parties can agree on the exchange.
- Valuation of the properties: An independent expert determines the value of the property in order to create a fair price basis.
- Conclusion of contract: Both properties are sold to each other. The buyer of the more expensive property pays the difference.
- Notary appointment: As with a normal house sale, the exchange is legally secured by a notary.
A major advantage of property exchange is the reduced competition. Both sides benefit from a targeted search and higher chances of success in finding the right property.
Advantages of property exchange at a glance
- Less stress in the search for a suitable property.
- Cost savings through efficient processing.
- Ideal solution for senior citizens and young families.
- Less competition on the property market.
Request advice now
Robert Schüßler
Property valuer (EIA and IHK)
