Definition of 'House Swap'
A practice in which the owners of a home allow the use of that property in exchange for the use of another party's home. A house swap does not involve the sale of a home; rather, it allows a homeowner to "borrow" someone else's home. It can be some on a temporary or semi-permanent basis. House swaps typically involve an exchange in property use for the purpose of vacation. They are also options for homeowners who need to relocate due to a change in job, but are unable to sell their home due to a depressed housing market.
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