Question

Jack owns a small home near a school. He doesn't have any children, and doesn't plan on having any in the future. Jack is a writer and works out of his home. All of the noise from the playground during the day interrupts Jack while he is trying to work. Tina, a friend of Jack's, also owns a small home. Her home is in a quiet, little secluded neighborhood. She has a child that will be entering first grade in the fall and wishes she lived closer to a school. One day, Jack asked Tina if she would want to exchange homes. Is this a possibility?

Answer 1

Answer:Yes

Explanation:

Yes, a trade of properties is possible if this trade does not involve financing and the properties are not mortgaged.

This is the primary conditions to be met during the exchange. Properties can be swapped because both own the small home so the chances that one home is expensive than the other is very low.  

Further, swapping home can meet the requirement of both parties.