Part exchange your home and secure your dream new property...read more
Part exchange homes
Part exchange your house and secure your dream new property!
Part exchange homes enables you to secure your new house and avoid the stress, costs and delays of selling. Property part exchange also enables you to negotiate on the price of the property you want to buy.
If you've read enough, the next step is to complete our FREE estimate form or contact us on 0800 068 3366. If you'd like to know more about our property part exchange service and how it can assist you please read on...
What is property part exchange?
It is the process of exchanging your existing home as part payment for a new property. Part exchange allows you to buy a new build or a second hand property. Pioneered by Barratt Homes, part exchange was for many years only offered by larger builders such as Redrow, Persimmon and Taylor Wimpey but with many restrictions.
In response, Quick Move Now began offering an independent property part exchange service assisting anyone looking to sell and then buy another home, without the limitations of builder schemes.
Part exchange – do you need it?
Selling via an estate agent is a slow and uncertain process. It can easily take 6-12 months to sell, which may mean losing the property you want.
Opportunities to sell are limited, especially in poor market conditions. Even if you secure a buyer, the deal isn't necessarily done as around 30% of sales fall through. Any builder or seller wants to sell to not only the highest bidder but also the buyer in the best position to ensure a quick and certain sale. Property part exchange puts you in that position.
Benefits of part exchange:
- Secure your onward purchase
- The certainty of a part exchange offer enables you to act like a cash buyer and negotiate discounts and incentives on your purchase
- Avoid the hassle, costs, delays and uncertainty of selling your house.
For more information on the benefits of selling to Quick Move Now, visit our benefits page.
Comparison of part exchange schemes
There are many limitations to in-house builder part-exchange schemes. Quick Move Now offers a flexible, independent service with no restrictions.
|Quick Move Now||Builder Part Exchange|
|Available in all market conditions||Extremely limited in poor markets|
|Independent of the builder||Limited to certain plots and/or sites|
|You can use when purchasing ANY new or existing property||Dependent on buying a new home from a particular builder|
|We will make an offer on any mortgageable, residential property||Builders will only buy certain property types. For example most don’t buy ex-council or leasehold|
|Quick Move Now purchases property across England and Wales||Most builders do not buy out of the area where the new build is for sale|
|Annual turnover exceeding £65 million and funds are always ready to buy homes||Builders offer a small number of part exchanges a year, when the quota is full, the part exchange facility is withdrawn|
|Part exchange is offered whether your move is up market or you are trading down||Builders require you to be making an up market move any your new home must be worth more than 30% more than the value of your current home.|
|As you become a cash buyer, you can negotiate hard and obtain discounts on your onward purchase||Part exchange is a large cost and risk to the builder and if offered, it minimises the value of any other discount/incentives that would have been on offer|
How does it work?
There is no cost or obligation in obtaining a formal offer on your property. See here for information on the offer process.
How can I find out more about part exchange homes?
If you are buying a new home and are struggling to find a buyer for your existing property, or your house sale is not progressing quickly enough, call Quick Move Now or try our online estimator - this will give you an instant estimate of what our cash offer might be for your property. Simply click FREE estimate and let Quick Move Now help you move house, now.
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