The main type of part exchange is where a property developer allows a part exchange of your property on a brand new home. The normal offer is around 90-95% of the market value of your property, but there is no chain, a guaranteed sale and no estate agents to pay.
To be eligible you must be a homeowner looking to purchase a new build property. The developer will arrange for independent valuations of your existing home and make you an offer based on their suggestions. Once this has been agreed between you and the developer, and your property has received satisfactory surveys, the developer becomes your buyer.
We have experience of dealing with developer’s documentation and can help you every step of the way.