Has anyone done a part exchange with Barratts?

gilly41

Hi
I have just noticed that Barratts have got a new development near us----they are also offering part exchange on certain properties.
Has anyone dealt with Barratts? and if so what sort of price do they offer on your house?
Thanks everyone x

MissMotivation

They look at each property individually, for instance if you have a saleable property in a good area they generally offer 5% less than market value. As far as I know and having dealt with Barratts for a good few years they don't take ex LA houses or those that need a significant amount of work doing to them.

They will generally ask for 2/3 estate agents to go out and value for the property for P/Ex and then make a decision according to what the EA's have said about saleability/condition/price etc.

Spendthrifty_2

I bought a Barrett house and part-exchanged my property, which was a leasehold flat.
I got the market value and the whole procedure was very smooth indeed .

loveandlight

I was interested in doing this but when I looked into it a couple of weeks ago I was told you had to buy a property off the developer that was at least two thirds more in price than the one you were selling. I would love to do something like this but only want to buy a cheaper one. Do part exchanges differ with different developers then?

rosysparkle

Barratts wouldn't p/ex the property I was selling as the value was more than half the price of the one I was buying from them.

But I sold mine quickly and negotiated a good price reduction plus a lot of extras from Barratts, so in the end it worked well.

I believe each developer sets their own criteria for p/ex.