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New House question
50Twuncle
Posts: 10,763 Forumite
It looks as if a house move is on the cards - if I want to stay in employment.....
We own our own 3 bed semi at the moment (no mortgage) - and think that the simplest method, in th current market conditions is a new house purchase using part ex - but most of the "part exchange" schemes on offer - are NOT part ex - merely assistance to sell the existing property !
Has anyone any experience of a true part ex - where the developer actually bought the existing property from you ?
Who was the developer and did they offer you a true value ?
Who decided the value ?
Any problems encountered ?
We own our own 3 bed semi at the moment (no mortgage) - and think that the simplest method, in th current market conditions is a new house purchase using part ex - but most of the "part exchange" schemes on offer - are NOT part ex - merely assistance to sell the existing property !
Has anyone any experience of a true part ex - where the developer actually bought the existing property from you ?
Who was the developer and did they offer you a true value ?
Who decided the value ?
Any problems encountered ?
0
Comments
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When I investigated this, everyone on forums said that the developer wants a good deal (obviously) and want to be able to flog your property easily - both those things mean that they surely will not offer true market value. People advised me that you would typically get around 90% of the true market value, but it may be as low as 85% or high as 95% depending on numerous factors...0
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If you're moving to a new area then why not rent for a while while your house is listed for sale?
The developer will have the house valued by different estate agents and probably offer you below market value.0 -
If you're moving to a new area then why not rent for a while while your house is listed for sale?
The developer will have the house valued by different estate agents and probably offer you below market value.
Sorry - this would not be possible for personal reasons - plus we have cats !!
I need to sell the house as soon as possible - preferably part ex0
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