Barratt homes - MoveMaker Scheme. Does it work?

skemp1

Hello,

I hope that you can help. We have recently been persuaded by barratt homes to use thier movemaker scheme. We would like to buy one of their homes but we have to sell ours first.

Has anyone used this scheme? Did it work? Did you get a good price for your home? Was it a success?

Thanks for anyones input.

Stuart

bumpoowee

Don't know of this particular scheme but i'm always sceptical of these housebuilder schemes. Just a bit worried that you say you were 'persuaded by barratt' - make sure you go over all the details of the scheme independantly of them as there are bound to be a number of drawbacks and catches which barratt undoubtedly won't have mentioned.

Kyrae

Sounds very similar to the scheme myself and my partner used, though it wasn't given that name. The builders arranged everything with the estate agent and paid for the selling fees, and it worked great for us, they sold the house within 3 days of it being up for sale! The price they wanted us to put it up for sale at seemed a bit low to us, so we did our own research and saw what other houses had sold for and then told them the price we wanted and they agreed to try it at that price. So don't be afraid to tell them you want a higher price if theirs seems a bit low!

Also, if it's the same scheme as us, then be aware that you will be expected to pay the estate agent fees out of the money from the sale of your house. They will take the estate agent fees off the price of the house, so you claim the money back that way. Though yours may be different!

Definitely check the small print though incase theres any other little catches they haven't mentioned verbally

Heidi_Lawton_2

We are looking at a Part Exchange at the moment with Glenedale.... I'm looking into all the small print as welll.... just looks to good to be true!!

terrierlady

usally developers pay estate agents fees, hips,maybe money towards sols, the home goes on the market at a realistic price agreed between all parties so should sell quickly, yes u may get reduction in price of new home depends on how well you negotiate, remember to do your homework first check land registry prices ,keep us posted

skemp1

Well, my house is going on the market from tomorrow. If you listen to the Barratt homes salesman. I can expect about a thousand people standing outside my front door when I get home from work tomorrow!!:rotfl:

They are good a blowing smoke up your !!!!, but lets see.:j

Heidi_Lawton_2

skemp1 wrote: »

Well, my house is going on the market from tomorrow. If you listen to the Barratt homes salesman. I can expect about a thousand people standing outside my front door when I get home from work tomorrow!!:rotfl:

They are good a blowing smoke up your !!!!, but lets see.:j

We've been on the market a year now..:( and we are first time buyers price range at 89K... I never thought we would be on this long...

But, lets be positive.... you might have loads of viewings planned by tomorrow night... you best get cleaning!!:j

LandyAndy

Heidi_Lawton wrote: »

We've been on the market a year now..:( and we are first time buyers price range at 89K... I never thought we would be on this long...

But, lets be positive.... you might have loads of viewings planned by tomorrow night... you best get cleaning!!:j

The only reason a house is on the market for a year is that it is seriously overpriced.

LandyAndy

OP, I would be very wary of housebuilder schemes to get you into one of their new properties at the moment but it would be very interesting if you could keep us informed of your experience.

skemp1

Will keep the post updated.

We are doing the homebuy direct scheme where the government puts up the deposit, it's called shared equity. It's an interest free loan for 5 years.

You still need a deposit for the 75% of the mortgage that you end up taking.

Fingers crossed for a quick sale, we got caught with the reducing house prices as we bought our first home in 2007 and have just got to the stage of overpaying back into equity. Problem is we don't have a lot of equity in our home.

We shall see.

wymondham

Heidi_Lawton wrote: »

... I'm looking into all the small print as welll.... just looks to good to be true!!

You know what they say!! check everything carefully, as ANY scheme by a housebuilder is there to enable them to sell houses, not to help you buy them (or even necessarily in your best interest)...... nobody is doing you a favour despite what it may seem...