New Homes For Sale I Part Exchange

A developer may offer the option to part exchange your current home when buying a brand new home.
This information can help you if you are looking to part exchange your current home.

The Part Exchange Process

Firstly, check with the individual developer as to whether they offer to part exchange properties in for their new homes at the particular development of interest.

There are usually conditions attached which you and your current homes must meet to be eligible to part exchange your property.

Generally this includes moving up the property ladder. The typical offer from a developer when opting to part exchange your home is around 90% - 95% of the current market value. However, in return you get a guaranteed sale and no estate agent fees.

Once the part exchange has been agreed and relevant surveys have taken place the rest is looked after by the developer freeing you up to start thinking about moving to your new home.

 

Advantages of Part Exchange

You may not be able to sell your current home before your new-build home is read. By part exchanging your home the developer will take care of the sale of the property themselves.

part exchange

You will not need to spend money making any changes to your current home in order to aid the sale of the property, the developer will take care of any maintenance that is required. As the developer has bought directly from you there will be no chain when buying your new home.

 

If the developer cannot offer you part exchange on your home, there are other options you may consider:

Home mover packages

Developers are limited to the number of part exchange properties they can take on their books at any one times and will depend on their budget. If they are not able to take your home as a part exchanged property, they may be able to offer you a different package where they can assist you sell your own home. Packages and options will vary between developers therefore please refer to each developer. They may assist with part or all the estate agent fees.

Non-developer part exchange property options

There are companies that will consider buying your property from you offering you the opportunity for a quick sale and some can do this in 7 days. This can save you additional costs, stress and time when wanting to part exchange your property.