The home swap concept is sweeping across the United States due to the current decline in the housing market and the inability of home sellers to sell their homes through traditional means. The big confusion is how to do it.
Two companies talked to CNBC about their services and how consumers on both sides of the deal can benefit.
DomuSwap is an online listing service exclusively for sellers of residential real estate who will consider an exchange of property.
Unlike most other real estate search engines that focus exclusively on buyers finding houses, DomuSwap caters to sellers looking to also buy another house and who therefore may be interested in an exchange.
Another company, Pad4Pad, hooks up individuals who are looking to move to each others areas. Once these individuals have identified potential home swap partners, they would send them an offer to swap. Pad4Pad provides the platform.