Michigan Man Using House Swap Idea
By: Diane Tuman, Zillow Content Manager | November 14, 2008
There are lots of creative stories emerging in this down real estate market such as the woman in Florida who is using a word jumble contest to try to sell a handful of homes and now, a video story on CNN that highlights a guy in Haslett, Michigan, who is trying to swap his lakefront house for a “metro Detroit home,” or get his asking price of $379k. Chris Recktenwald is using Craigslist to advertise the home with a link to the details of his swap idea. His home is right on Lake Lansing and is close to Lansing, Michigan State University, and the hub of auto manufacturers.
He loves his home on the lake (who wouldn’t), but would like to relocate to Detroit for job reasons. “I thought it would move fast, but there’s lots of uncertaintly in the market. People are interested, but can’t do it because their house can’t sell.” He is willing to trade up or trade down for a Detroit home.
In comparing Detroit home values to Lansing home values, Detroit has a Zillow Home Value Index of $85k, while Lansing is $107K. It’s not every day that you see someone who wants to move back into Detroit from a pristine, lakefront home in Lansing. Good luck, Chris.
- Stumble it!
- Categories: Real Estate Oddities
Comments
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Shawn on November 15, 2008 8:36 am
More and more creative deals are being structured across the country. People are TRYING to get things done, even giving a little to get what they want.
Hopefully there are more win win situations getting done.
http://www.inexpensiveinvestinginflorida.com/
Thanks
Freesia Realtor Mike Stewart on November 16, 2008 8:57 pm
I am a Downtown Vancouver Realtor and I have had 2 separate requests from other realtors for trades. Most of the places that people wanted to trade were not very desirable (not my listings, but the other realtors listings)