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Old 19.10.2020, 19:51
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Re: Apartment exchange vs sell & buy

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Hi,

I did not find this case before in the threads, so here goes EF. The situation is that my neighbor in my holiday block of apartments (PPE) in Valais is getting older and she has a large apartment, I have a smaller renovated place and need more space.

So my neighbor has proposed an apartment swap (plus a cash payment from me to her in order to get a bigger place), which seems to keep everyone happy. She has a mortgage on her place that would not be completely paid off with the cash that I would propose for the difference, my place is mortgage free.

So my question is - is this something that is just so out of the ordinary here in CH so that the bank would not touch it? I am guessing no savings on notary fees of ~6% by doing it this way. Do you think that the bank of my neighbor would tell her to get lost as they don't want to keep a mortgage of only 40k? Would it be easier to put my place up for sale and buy hers?

Thanks for comments! I am here on a C permit, she is UK resident.
Agent fees are very high, I suspect notary costs & taxes will be lower, I would take the suggestion seriously.
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