Desperate homeowners are turning to swapping in this slumping real estate market. www.pad4pad.com goes live 2/25/2008.
Posted in Alternative Business Models By Greg Holt, Wednesday, March 5, 2008.The decline in the housing market has the homes for sale inventory across the country at all time high. This has home owners scrambling to find alternative methods to sell their homes.
Swapping is the newest and hottest trend in the real estate market. Swapping is basically the concept of “You buy mine and I will buy yours”. The issue up until now has been the lack of a resource to bring these motivated sellers together. Pad4Pad.com is the solution. Our site not only allows a person selling their property to list their property for sale but also provides a swap search function to identify people that want a home like they are selling.
This concept is not only a benefit to individuals who are trying to sell their homes but the site is developed with the real estate agents and brokers in mind by providing an active marketing tool for real estate professional to use to sell their customers homes quicker.
Pad4Pad, LLC was started in January of 2008 when one of the owners Greg Holt got frustrated just sitting and waiting for a buyer. He was eager to sell and needed a tool to take the sale to the buyer. Thus Pad4Pad.com was created to help frustrated home owners like him be proactive in realizing their goal to sell their home.

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Submitted by Joe Cline on March 6, 2008 - 3:35pm.
Interesting, but a pretty far reach. I searched the site and didn't find a single example of a swap that worked. Filling this in the "good luck if you are counting on this selling your house" pile. :)
Joe
Tarrytown Real Estate | Twin Creeks Golf Course Homes for Sale | Rough Hollow Homes for Sale
Submitted by Greg Holt on March 6, 2008 - 4:53pm.
Joe,
I understand you might not have found a match yet. The site is only a week old and is receiving a tremendous number of hits and listings. We are about to get a lot of media attention as well. The site is designed not to be the end all say all to sell your homes but another tool for real estate agents to utilize to benefit their clients. Best of luck to you.
Greg Holt
CEO
Pad4Pad, LLC
www.pad4pad.com
Submitted by Joe Cline on March 6, 2008 - 7:35pm.
Cool deal. Keep us posted on the first swap!
Joe
Tarrytown Real Estate | Twin Creeks Golf Course Homes for Sale | Rough Hollow Homes for Sale