An exchange is the process and result of exchanging one object for a different one . The verb to which the concept refers is to permute (change two or more things with each other).
For example: “I am going to offer my old car in exchange: I am interested in obtaining a motorcycle in exchange” , “When the economic crisis broke out, the lack of money forced the population to resort to exchanges to satisfy their needs” , “I appreciate your proposal, but I am not interested in an exchange, but rather I want the money in cash.”
The exchange at a legal level
At a legal level, the exchange implies the establishment of a contract through which a subject delivers one good and, in return, receives another. This barter involves a reciprocal transfer of ownership of the goods in question.
The barter is humanity's most primitive method of exchange . When the concept of money had not yet been developed, trade was carried out through barter: one person gave something to another to receive a different object in exchange. In this way, an artisan could deliver a vessel and obtain a bag of grain, to name one possibility.
The main difficulty for the development of swaps was the difference in value or characteristics of the products to be exchanged. The creation of money made it possible to establish equivalences: in this way, people stopped making direct exchanges to deliver a good in exchange for bills and coins, being able to use this money to buy other goods. Traditional exchanges, in this way, were relegated at the social level, although they never completely disappeared.
Home exchange
Given the current economic and financial situation, many people avoid traditional routes at all costs when buying or selling homes. One of the most popular solutions is the real estate exchange , also known as a home exchange , which avoids the cumbersome procedures of the sale and subsequent purchase , in addition to saving time and money.
The real estate exchange is a type of contract through which each party agrees to give a home as payment for the one they will receive. In other words, it is an act that is characterized by the absence of a monetary price, although the possibility of paying a difference in money is not excluded if the interested parties so agree. As in any sale (although in this case it is "double" ), some of the steps to follow are the following: the public deed is granted; taxes are settled; and the relevant registration is made in the Property Registry.
This type of exchange has many benefits , apart from those already mentioned regarding the time and money required to complete the sale and purchase process; some of them are detailed below:
- Given that each participant in an exchange platform has different reasons for giving up their home as well as different expectations regarding the home they are looking for, there is a good chance of carrying out a satisfactory exchange for both parties, as long as exaggerated demands are not imposed.
- It considerably facilitates the search for houses abroad or in other regions. Although it is not always likely to find interested parties in the city of our dreams, when this happens we avoid the difficulties inherent in real estate procedures remotely.
- It is an ideal solution for those people who have taken on a mortgage that they can no longer pay, one of the most common cases of economic ruin in recent times.
Although there are numerous portals that provide this service, there are certain difficulties related to real estate exchange, such as finding the ideal home and a decent owner. To avoid regrettable decisions, it is recommended to have the advice of a real estate expert, such as a judicial expert or a real estate agent .