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Part exchanging for a new build
chimpsTparty
Posts: 16 Forumite
Has anyone ever considered part exchanging a property they have up for sale with a new build developer?
0
Comments
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I've done it once when speed was important. It can be convenient, but I didn't get market rate.Debt free 4th April 2007.
New house. Bigger mortgage. MFWB after I have my buffer cash in place.0 -
We are considering this at the moment, waiting for their valuations. When do you start paying mortgage on the new property.0
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I've done it and it worked for me however the builder will probably either sell you a property at an inflated price with no reduction on offer or give below market value on your property.
It does make moving less stressful though with no worries about the chain falling apart, we collected the keys to our new home on the friday and didnt need to hand over the keys to our old property until the monday.
You also save on estate agents fees.0
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