Struggling to sell your home? Why not part exchange
Buying a new property can be one of the most exciting things you do in your life. Your home surroundings have an impact on everything you do, so are very important, which is why we all strive so hard to get it right. Searching for the right home can take time and when you’ve found the right home you want to get moving as soon as you can.
There are many factors that can delay selling your home and it can be a laborious task, especially if you are trying to hold down a full time job. Or, perhaps you think you have sold your home, found a perfect abode to move on to and then the lovely family buying your house pull out, breaking the chain and shattering your hopes of owning that 4 bed house with the amazing view over the city. Well, there is a way that you can guarantee that the chain doesn’t get broken and that is by part exchanging.
This is how things work with part exchange homes. If you fall in love with a particular property in a development, there is every chance that the property developer is just as keen to complete a sale as you are.
Everyone wants things to run smoothly, so to make sure that this happens quickly, the developer will buy your current home, so any chains are wiped out - or more importantly, any possibility of broken chains.
There are some conditions but the pros definitely outweigh the cons. They'll typically offer you around 5-10 per cent below the market value of your current home, but you are guaranteed to sell, it usually happens fast and the best part is that you avoid the need for estate agency fees – so everyone’s a winner!!
If you decide that this is the option for you and you want to part exchange your home, then many companies offer great services. For example, David Wilson homes, offers a service where, once you’ve found your David Wilson home, you just mention your interest in Part Exchange to your Sales Adviser. They’ll explain the criteria that your current home needs to meet to qualify for the scheme. You should review the information and if they agree your home is suitable, they will make you an offer on your current home. It really is as simple as that. Once you are happy with the offer, you can reserve your new home knowing you already have the sale of your current home organised. They will help you through the moving process and take care of selling your current home. You can also stay in your old house until your new one is ready for you – avoiding any additional upheaval.