Part Exchange Your House Alternatives

Using a traditional estate agent can be a long-drawn-out and expensive process, plus there’s no guarantee that a buyer won’t pull out at the last minute, breaking the chain. However, there are other alternatives to part-exchange, such as quick cash buyers.

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1. What does part exchange mean?
2. How does part exchanging your home work?
3. Is part exchanging a good idea?
4. Part exchanging vs cash buyers

What Does Part-Exchange On A House Mean?

Buying a part-exchange property means trading in your current property and getting a part-payment towards a new-build property. There are a number of property developers offering this option. They will commission two local estate agents to come and value your property – this will be a selling price and will be around 65% of the market value. Once you accept the offer, a survey will be carried out and, unless any serious issues are revealed, you could complete within around 4 weeks.

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How Does Part Exchanging Your Home Work?

Part-exchange schemes are just like any other property transaction, except that the property developer is your buyer. To be considered for a new-build property, your house must be in a decent condition and worth 65-70% of the new property’s market value. Two independent estate agents will visit your property to value it. They will decide if the property value is enough for it to be sold on.

Most developers state that they will offer you a fair price and many vendors are happy to accept because it means a hassle-free sale and a brand-new home. However, it is worth noting that you’ll be limited as to which new-build property you get. They usually have fewer rooms or smaller gardens. There’s no guarantee that your property will be accepted which is why using a quick cash buyer could be an alternative to consider. We will buy any property, in any condition and will pay up to 80% of the market value of the property. You can then go on to buy any property you like or just use the cash for an alternative project. The choice is yours.

Is Part Exchanging A Good Idea? The Pro's & Con's

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Part Exchanging vs Cash Buyers

Although part-exchange schemes offer a seemingly stress-free property sale and a brand-new home, there are other options. If you want to sell your property quickly and aren’t necessarily interested in your onward property being a new build then a quick cash buyer, like us, could be the right choice.

We’ll buy any property, in any condition and will offer up to 80% of the market value, subject to checks. You’ll receive a cash sum that you can use towards a new home or to fund a totally different project. The choice is yours, but all fees are included in the service so what we offer you is what you’ll receive. Plus, we can help you move if you need that additional support. Get a hassle-free service so you can get back to the important stuff. Get in touch with a member of our team today on 0800 024 8444

• We buy any home, in any condition, of any size & in any location
• You don't have to pay the typical fees, we cover everything, including solicitors
• We buy properties with cash, so you're guaranteed a quick sale

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