Home swap: couple commerce their dwelling to take the stress out of promoting

Debbie Kirkwood and Henry Gartside are of their eighties and have to downsize, so have put their Biggera Waters home up for commerce. Image: Glenn Hampson

A Gold Coast duo are taking the stress out of house-hunting in a heated market by providing to commerce their dwelling.

Buddies Debbie Kirkwood, 82, and Henry Gartside, 85, dwell in a big waterfront property in Clipper Courtroom, Biggera Waters, however the pair have to downsize.

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Not eager to cope with the trouble of making an attempt to promote their dwelling whereas attempting to find one other and presumably ending up on the road, they’ve determined to alternate their home for one thing that higher fits their wants.

“We each have points with our well being and want to maneuver, mainly,” Ms Kirkwood stated.

“We didn’t wish to have the trouble of coping with a lot of folks, and we don’t have the capability to search for ourselves. This course of is much much less demanding,” she stated.

7 Clipper Courtroom in Biggera Waters is obtainable for commerce.

Alex Phillis of Phillis Actual Property, who’s dealing with the unconventional cope with colleague Will Daley, stated he had been overwhelmed by the quantity of people that responded, particularly contemplating the swap standards was fairly particular – a house throughout the identical suburb, on a single degree dry block.

Mr Phillis stated the company had been very clear within the itemizing, outlining precisely what the pair had been in search of. In whole, they obtained 320 purposes from folks making an attempt to persuade him that their home was the right match.

“Clearly not all of them had been applicable and solely those who match the invoice had been introduced to Debbie and Henry,” he stated.


Debbie Kirkwood and Henry Gartside assume they might have discovered someplace to downsize to. Image: Glenn Hampson

“What was most shocking was the demographic of the folks, which ranged from younger households to {couples}, all seeking to deal as much as a waterfront location. Curiously, none of them presently have their properties available on the market.”

The worth of the properties are decided by way of unbiased valuations, with any shortfall in worth paid in money by the upgrading occasion.

“This fashion the method doesn’t devalue the properties in any approach, they’re nonetheless attaining above market worth,” Mr Phillis stated.

These two homes have been provided up as a swap for 7 Clipper Courtroom.

With the sector now narrowed down to a few potential candidates, Mr Phillis stated they had been on the verge of having the ability to dealer a deal.

“It has turn into a little bit of a recognition contest, however in the end will probably be all the way down to Debbie and Henry to determine which one they wish to make their new dwelling,” he stated.

“The nice factor is each events have the safety in realizing that come the day of alternate, they may each have keys to a house that they’ll transfer into that very same day.”

The home-swapping enterprise has been so profitable that Mr Phillis predicted it might turn into a standard solution to transact property.

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Agent Alex Phillis says home swaps might make up 10 per cent of the company’s transactions sooner or later. Image: Jerad Williams

“The method does take longer than, say, present process a standard three-week public sale marketing campaign, but it surely does produce a greater end result for all events concerned,” he stated.

“It’s not going to take over conventional shopping for and promoting, but it surely might make up 10 per cent of the best way we do enterprise.

“We have already got one other vendor, on Ephraim Island, who’s open to doing a home swap if the precise property got here alongside.”

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