Part Exchange Schemes

Dave43_2

Hi,

Hoping someone can share their stories or advise me reference home part exhange schemes.

Currently have found a property on a Bovis Development, asking price of 220k - they have offered 165k for my property on the part exhange scheme as the sales advisor stated that Bovis need to make 25%. The question I am asking is anyone aware of any movement in the 25% as I am thinking of offering 35k plus my property which is around the 21% mark.

Do you think in the present market state - this would be acceptable. Bearing in mind that the property has been empty for a while and nothing appears to be moving.

Thanks in advance if anyone has any advice.

anniecave

ignore what the sales advisor says ...

how much is your property actually worth? And how much is the new place actually worth? (if new build, be aware that new build prices are often over inflated)

Dave43_2

Hi,

Thanks for replying.

My property is worth 170k - 175k.

New place would say is good value for money - but I know that you can knock money off asking price - eg should be able to get the house for 200k - 205k.

So on the basis of this I am was looking to get 170k for mine plus my additional 35k - thinking that 205k would be acceptable purchase price.

What do you think?

Thanks

Dave

Feline_friendly

We have part exed with Wimpey...due to complete end of June....and they would not go lower than 30%. I have actually heard her tell viewers this whilst we have been at the office making choices for our new home. Thankfully, ours was above that so they snapped our hands off. They dont do much more discount wise if you part ex...however...have they recently bought the prices down if the development has been biulding for a while?? Mine did by £30K to match the fall in property prices...plus we got a small amount more knocked off and the price we wanted for our house. They actually made a £5,050 loss on selling our house as ours has now sold.

TopKat*1

interesting as i was on another thread asking about buying a house which had recently been part ex'd with persimmon, they paid the owners 160k as they were buying a new build with them but what will they sell it at??

Dave43_2

Thanks for explaining some of your situations.

Have just bidded the 21% eg my house plus 35k - said that I have bidded this due to the current market at the present time and I know that they have been struggling to sell on the development.

Sales person said that she will put this forward to her boss and await the outcome.