Demand for part-exchange soars in Somerset

Record numbers of homeowners are looking to move up the housing ladder while getting around the problem of finding a buyer for their existing property, according to Somerset’s leading housebuilder.

Barratt says levels of customer interest in its part-exchange service are at a new high. And the reason is clear – the difficulties facing homeowners who try to sell their own home in the current market.

“We’ve been offering a part-exchange service for more than 30 years but we’ve never had so many people looking to take advantage of it,” said Barratt sales director Caroline Hill.

“People are coming to us who are understandably keen to move up the property ladder now. Because of the fall in house prices in the last four years, the gap between the price of your present home and the one you want to move up to is likely to be significantly smaller than it was in 2007.

In addition to this we know that it is hard even to find a buyer in the second-hand market and sometimes when you do find one, they drop out or insist that you reduce the price.”

With its part-exchange exchange service, Barratt will buy your old place in just seven days when you purchase one of its new homes. That way you can buy and sell in one easy move and know you’re getting fair market value for your old home.

There are no estate agents’ fees to pay, you side-step most of the hassle and cost usually associated with selling a property and – best of all – you’ll have no worries about the dreaded housebuying ‘chain’ breaking.

“It’s just like part exchanging a car,” Caroline added. “We’ll consider buying your current home so that you are free to buy one of ours.

“We arrange for the property to be valued by two independent surveyors and make a fair offer based on the valuations. We are a guaranteed cash buyer, there’s no chain, no agents’ fees or last minute price haggling.

“This probably sounds like a very good deal to anyone currently struggling to sell their old home. I would urge anyone interested to call us today to find out more.”

Part exchange is available on a number of Barratt developments in the region including The Old Cider Works at Norton Fitzwarren and Cades Farm at Wellington. For more information, visit: barratthomes.co.uk