You might get more for your property through an estate agent if it’s easy to sell, or you’re determined to hang on but in the meantime you might lose the chance to move into the new-build of your dreams.
“We’ve seen a marked increase in people using the part-exchange scheme at our development The Chilterns in Haddenham,” says Mandy Soames, Sales Director of Rectory Homes. “When they hear of the benefits – no estate agency fees, no property chain, a quick sale and market value achieved for their existing property – it’s a no-brainer for them.
“The scheme is for those who have a smaller property and are looking to make their second step into a larger one and don’t want the added pressure of keeping the house tidy and having lots of potential buyers traipsing through, particularly as in the current market properties are taking up to 198 days to sell in some cases,” she says.
“With the market in its current condition, people often think they can’t move forward with their purchase until they’ve sold their existing property and part-exchange is the perfect solution as it enables them to secure the Rectory home of their choice knowing they are not going to miss out to another buyer if they have not sold their own.”
Rectory Homes’ part-exchange scheme is available at The Chilterns, a development of 26 houses in Haddenham, Buckinghamshire, where three-bedroom semi-detached homes start from £465,000 and four-bedroom houses from £675,000 (01844 873855; rectory.co.uk).
It has a similar scheme in its Roebuck Park development of family houses in nearby Aston Clinton, where prices start at £425,000 for three-bedroom semis (01296 312022; rectory.co.uk).
Jane and Michael Crouch used Bellway’s scheme to buy their “perfect” four-bedroom house in Brentwood, Essex. Keen to move to Mascalls Park, they struggled to sell their house in Romford.
“When Bellway suggested their part-exchange scheme, it seemed like a no-brainer and from then on the move really was plain sailing,” says Jane, 55. “We were looking for a new home that is an easy commute to central London. I work long hours in the City and needed a good commuter location and Brentwood is ideal.
Bellway’s part-exchange package is a free service, with offers based on independent valuations with no estate agent or advertising fees to pay and it’s still available for the final five-bedroom homes on the development, which range from £1,350,000 to £1,550,000 (01245 259989; bellway.co.uk). Similarly, Wayne and Amelia Colyer decided to use David Wilson Homes’ part-exchange scheme to move into a new four-bedroom detached house at Heathwood Park in Lindfield, West Sussex, near Haywards Heath.
Product manager Wayne, 41, explains: “The offer made to us by David Wilson Homes was exactly what we wanted, so we were delighted at such a great deal. Using part-exchange, we could sell our home directly to David Wilson Homes, allowing us to buy a much bigger and lovely new home. Unbelievably, it took just eight weeks from viewing the house until we moved and we had no worries about a chain collapsing.
“Such a quick move just wouldn’t have happened without part-exchange and we certainly didn’t lose out by going down this route. We avoided any fees, too, as David Wilson Homes takes care of these, so with the extra money we have been able to build a summer house in the garden for daughters, Eva and Ania to enjoy.”
Four-bedroom houses with part exchange are available at Heathwood Park, starting from £494,995 (01444 484978; dwh.co.uk).
03 August 2018