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Part Ex'ing new build.. for new build!
micflair_2
Posts: 222 Forumite
Anyone had any experience on this..
Ive been living in my new house for 11 months, its a new build and we were the first to move into it. Bought it for approx 150k. The house next door to us (same builders etc) is larger, its a detatched where as mine is a semi. I think its up for about 240k or so. No one has lived in it since it was made approx 2 years ago. I was thinking of going in and asking them if they would do a part ex on it, thinking maybe they would prefer to have our smaller one on there hands knowing they could probably sell it easier - thus selling both houses.
I know the answer is go and see them, just wondering if anyone else out there has tried something similar.
Cheers
Ive been living in my new house for 11 months, its a new build and we were the first to move into it. Bought it for approx 150k. The house next door to us (same builders etc) is larger, its a detatched where as mine is a semi. I think its up for about 240k or so. No one has lived in it since it was made approx 2 years ago. I was thinking of going in and asking them if they would do a part ex on it, thinking maybe they would prefer to have our smaller one on there hands knowing they could probably sell it easier - thus selling both houses.
I know the answer is go and see them, just wondering if anyone else out there has tried something similar.
Cheers
0
Comments
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When I bought mine the developer said I'd qualify for an extra 5% off asking price if I ever bought again with them in the future. They have to make profit somewhere so they may well give you a great price on the new house but an awful price on yours.0
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Times are tough in the building game so if you have the money !!! to move up then make them a cheeky offer.
You might have a small mortgage having put down a good deposit on your existing property so can afford to move up.
Work out the figures ? you really need a 25% deposit if you want to take on a bigger mortgage and consider a long term fix that is offset to build up savings while saving interest.
If they offer you less for your property then offer less for the new ( 2 year old ) place
Good Luck just consider the costs carefully0 -
were in the process of part exing for a new build and they normally ask that the house you are buying is 30% more than what your current home is worth.0
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