I am discussing with an older couple in my neighborhood the idea of trading houses. It would be +cash on my end as their house is larger and they are interested in downsizing. Mine is new construction and theirs is built in 2005 and needs paint at the very least.
My thought was to have a real estate attorney represent each side to keep billings to hourly rather than % of value based. Finding the +cash number will be tricky, their house is very unique and comes with an empty lot across the street. Only one house has sold in my development since completion and it was significantly less desirable and sold for 48% more per SQ ft than I paid. Basically market here is cray.
Would love any suggestions on how to proceed