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Part exchange for a new home

dreabruge
dreabruge Posts: 1 Newbie
in House buying, renting & selling
Hi,

I'm thinking of part exchanging my existing home for a new build with Redrow. Does anyone know why most builders won't part ex for an ex-local authority home?

Thanks

Comments

  • Emmzi
    Emmzi Posts: 8,658 Forumite
    1,000 Posts Combo Breaker
    because they are difficult to tun a profit on - a bit of paint and fixing up won't do it; and there can also be bad neighbours preventing a sale - sadly more common in social housing areas. Also if it's a flat, potential repair bills etc.
    Debt free 4th April 2007.
    New house. Bigger mortgage. MFWB after I have my buffer cash in place.
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