Buying a house is an exciting time, but if you’re trying to sell your current property it can feel like there’s a lot on your plate, especially as we all navigate life under lockdown and the financial implications of the pandemic.
If you’re on the lookout for a bigger home, a property with a garden or somewhere surrounded by countryside, our Part Exchange service can help relieve the pressure by ensuring a chain-free move.
Here, Alison Deakin, Sales and Marketing Director at Legal & General Homes’ Buckler’s Park and Finchwood Park, answers all your questions about Part Exchange and what it entails:
What is Part Exchange?
Part Exchange is when we can act as a guaranteed buyer for your current property, meaning you don’t have to worry about a chain falling through or someone else holding up the process. After an independent valuation has taken place, we will make an offer on your existing home, organising a survey on the property and appointing an estate agent to sell it.
Is everyone eligible for Part Exchange?
The value of your existing home must be sufficiently lower than the price of our property. That means it’s perfect for couples or families hoping to upsize from a smaller home to a bigger property. This also works well for buyers who are moving from an area where property prices are lower.
What money can I save?
Because you’re selling directly to us, there are no estate agent and advertising fees, and you will avoid needing to negotiate with buyers. Our Part Exchange calculator can tell you how much money you can potentially save compared with selling privately.
Will I receive a fair offer?
To determine a price for your current home, we will obtain two independent valuations of your property and ensure a fair market value. We also pay up to 100% of market value.
How long does it take?
The beauty of Part Exchange is that it allows you to secure your new home without unnecessary delays. We secure an independent valuation of your home based on achieving a sale in a four to six-week period – leaving you with more time to focus on the best bits about moving home.
If Part Exchange sounds like it could be the solution to your moving woes, you can browse our website to explore available homes at Finchwood Park and Buckler’s Park in Berkshire or Nobel Park and Cross Trees Park in Oxfordshire. Please contact us to find out more.