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08/28/06
Commercial real estate made real easy using Bartercard:
Gone are the days when bartering was an exchange of goods or produce over the back fence. Today, you can barter to buy the back fence - or better still, a Gold Coast commercial property.
Commercial real estate made real easy using Bartercard

Published in the Gold Coast Business News
28/08/2006

Gone are the days when bartering was an exchange of goods or produce over the back fence. Today, you can barter to buy the back fence - or better still, a Gold Coast commercial property.

Bartercard Real Estate Pty Ltd is a fully licensed and registered real estate agency that lists and sells properties - including commercial properties - with a component of the price payable with Bartercard trade dollars. Bartercard was founded in Australia in 1991 and today has 55,000 members in 15 countries.

According to Trevor Dietz, Managing Director of Bartercard, many people are aware of Bartercard as a widely used method of buying and selling services and products using Trade Dollars.

"Bartercard Real Estate extends the benefits of barter to the real estate industry making it possible to buy and sell real estate using Trade Dollars. All Bartercard Real Estate properties are listed at the same price as the cash market, but with a minimum 25 per cent trade component," Mr Dietz said.

The major benefit of purchasing property with Trade Dollars is the real cost of trade dollars in real estate transactions. For example, if a member's cost of a trade dollar is 50 cents and a property is purchased for $200,000 with a 25 per cent trade component (A$150,000 plus T$50,000) - the real cost of the property in cash is only $175,000. For members with a lower cost of trade dollars (ie, high margins), the advantages are even greater.

It is possible to pay the deposit in trade dollars, as Bartercard Real Estate has a registered trust account in which it can hold deposits.

"Bartercard members can also pay other real estate transaction expenses such as conveyancing, building, valuing, quantity surveying and pest inspection in Trade Dollars," Mr Dietz said.

"The move into real estate reflects Bartercard's approach to barter trade in the 21st century. Bartercard operates like a credit card, offering an interest-free line-of-credit or overdraft which members can pay back with their businesses goods and services. Affiliations with four of Australia's leading banks, the Commonwealth, the NAB, Westpac and St George, allow EFTPOS transactions, which can automatically debit and credit Bartercard accounts. It's a new way of doing business that is meeting a diverse range of needs," he said.

Bartercard Real Estate has a registered e-mail list exceeding 3000 members. To receive e-mail updates, contact ann.serin@au.bartercard.com.

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