Part-Exchange for Sellers
Essentially part-exchange provides a short chain and a strong sale, and can sometimes cut down on estate agency fees. In return, those choosing to part-exchange their current property for a brand new home generally receive 90-95% of the exchanged property's market value.
Whether you're moving up the property ladder or choosing to downsize, a successful move will always be dependent on a timely and efficient sale. However, selling property isn't always easy. You may find that your property doesn't get much interest from genuine buyers, or that the market is sluggish and offers are few and far between. In such scenarios part-exchange is often an option worth considering.
When looking to buy a property on a part-exchange basis take into consideration the state of repair and follow all normal purchasing procedures, always consult a specialist.
If you are interested in part-exchanging your current property, contact us for further information.